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I recently purchased my “new” house and there is no improvement value on my tax statement. Why not?

A

I recently purchased my “new” house and there is no improvement value on my tax statement. Why not?

Construction on your new home probably began after January 1. Because January 1 is the assessment date, we cannot tax you for property that was not in existence on that date. That portion of your house that is complete January 1 of the next year will appear on your next tax statement.

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