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How often are properties assessed in the General Taxation Area?
1. General Property Assessments must be carried out at least every nine years.
2. Annual Property Assessments are carried out every year to assess buildings, which have been constructed, mobile units, which have been installed on a parcel of land, removed or destroyed, or any other improvements or alterations, which would affect the assessed value. Annual property assessments are carried out every year to assess any changes to the land, which affect its value. Between General Assessments, the value of the land and improvements for taxation purposes remains at the last assessed value.
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