Most city residents can expect to see a change — be it an increase or decrease — in their property tax bills this year.
The city recently completed a property reassessment, which happens every four years, Assessor Michael Burns said Thursday during the Auburn City Council meeting. The city’s over 9,000 parcels of land were assessed at over $1.6 billion. Just over $1 billion of that value is taxable, a 6.5-percent increase from the last property assessment in 2014.
The numbers presented are not final, Burns said, and will not be until sometime next week, as the city assessment review board still has to wrap up some formal hearings from residents and businesses who feel their property assessment was incorrect.
“I want to stress, this is a snapshot in time,” he said. “The final numbers are not quite done yet.”