If you own property assessed by a town, your next school tax bill won’t arrive until September. However, you should take action now to reduce 2014 property tax liability.
Remember: Assessments and Tax Bills are on Different Schedules
A tax assessment is the annual estimate of a property’s fair market value. Town assessors fix tentative assessments on May 1st of each year. If a tentative assessment is not contested, it automatically becomes a final assessment on July 1. The final assessment is used to determine school taxes (billed in September), as well as town/county taxes (billed in January).