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Posted on , by Town Clerk

How does revaluation affect the mill rate and property taxes?

2025 Town of Troy Revaluation

What is a MILL RATE?

The 2025 Revaluation will increase most of the assessed value of property in the Town of Troy. As a function of the Mill Rate, when all assessed values increase, and no new taxes are collected, THE MILL RATE DECREASES. 

Mill Rate