In an effort to educate new homeowners about potential tax increases, our office mailed out 1,641 letters in April. These letters explained the significant assessed value cap reset when they compare their taxes to the previous owners prior year taxes. The letters were sent to new homeowners that purchased in 2022 and will see an increase in taxes of approximately 25% with a minimum increase of $1,000 (Prior year millage rates were used to produce early estimates for letters. Current year millage and taxes will alter the cut off amounts). This letter encouraged them to use our property tax estimator and compare to their escrow estimate to ensure it was not based on the previous owner’s taxes. Our goal was to give them enough time so they could plan ahead for the financial impact. Please see attached document for an example of the letter that was mailed.

pdfExample Cap Reset Letter