Preparation Underway for Update of Land and Registration Values Statewide

Local authorities have announced a forthcoming revision in property enhancement rates, which will vary according to specific categories of land and types of residential structures, such as houses and apartments. This adjustment is designed to reflect the differing values and market conditions associated with various property types. Officials indicate that the new rates are expected to take effect on May 28, 2023.

This revision comes as part of an ongoing effort to ensure that property tax assessments remain current and equitable in light of recent market trends. Residents and property owners are encouraged to review the adjustments as they may impact their tax obligations moving forward. Detailed information regarding the specific rates for each category will be made available through official municipal channels in the coming weeks.