Will my taxes go up because of revaluation?

Revaluation does not increase taxes. The Town’s budget which involves all revenue and expenses is what increases or decreases a person’s taxes. Revaluation shifts the percentage of the tax burden from one taxpayer to another based on their market value. A person could pay more or less based on their market value. The shift of taxes can be more significant when revaluation cycle increases and / or the market values of real estate increases or decreases significantly.