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What is a supplemental assessment?
Location: BlogsProperty Tax Advice    
Posted by: Stephen Dunbar 12/6/2007 8:51 PM
A supplemental assessment is a one time bill that is issued by the county for a property that has had a reassessment due to a change of ownership or due to assessable new construction.  This bill reflects the difference in value that was given the property as of the lien date (the old base year assessment) and the new value that is given the property after the taxable event occurred.  The tax bill due to a new value is prorated for the tax year (July 1-June 30).
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