How does revaluation impact property taxes?

It’s important to know that the property taxes you owe are determined by two factors: your property's assessed value and the tax rate set by elected county and municipal officials. The tax rate is expressed as a dollar amount for every $100 of your property's assessed value.  Your tax bill is the result of multiplying your assessed value set by revaluation and the tax rate as set by elected officials. Revaluation itself does not focus on the property tax rate; it updates the assessed values of property in the county.