Why does State Aid require 100 percent of market value?
It's much easier for taxpayers to understand assessments and determine whether they're over assessed when assessments are kept at market value. While State law does authorize municipalities to assess at market value or some uniform percentage thereof, the State Aid program requires towns and cities to keep their assessments at market value.

Think of it this way, if your home is worth $100,000 and assessed at $90,000, you might think you're receiving a benefit. However, if the level of assessment is 80 percent because assessments haven't been kept up-to-date, you might not realize that you're actually over assessed by $12,500 ($90,000 divided by 0.80 is $112,500). It's very easy to be confused when assessments aren't kept fair and at market value (and it's also much more difficult to explain).

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1. Who is responsible for assessments and who is responsible for taxes?
2. What is the difference between the market value and assessed value of my property?
3. Won’t my taxes increase if my assessment is adjusted?
4. How does the assessor decide which assessments to change and by how much?
5. My assessment was adjusted last year, and it’s been adjusted again this year. Why?
6. Why does State Aid require 100 percent of market value?
7. If my home is physically re-inspected, do I have to let the assessor in?
8. How do I know that the assessor has the correct information about my property?
9. When will I know my new assessment?
10. What information is on the tentative assessment roll?
11. What if I disagree with the assessment on the tentative roll?
12. Where can I learn more?
13. What are the benefits to keeping assessments up-to-date each year?