How does fluctuation in my home's assessment affect my municipal property taxes?

Assuming the City's budget did not change and your property value assessment increased by the average, your municipal taxes would stay about the same. If your property value increased less than the average, you'll likely pay less municipal tax. If it increased more, you'll likely pay more. 

As municipalities face rising costs due to inflation and additional responsibility from other orders of government, annual budgets (and taxes) tend to increase in order to maintain essential services and current levels. 

If the City raises taxes—say by 5%— you'll only see a 5% increase to your municipal tax if your property's value rose the same as the average. But most properties go up more or less than the average, so most people will see a slightly different rate increase (more or less than 5%) on their property tax notice. 

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