Town manager, Shaun Mulholland, explains property tax assessments at the 9/2/2025 Town Council meeting. The manager clarifies that an increase in a property’s assessment does not automatically lead to higher taxes. Instead, revaluations reset property baselines, with different property types increasing in value at varying rates based on market demand. The final tax rate, set in the fall, depends on factors like new property additions and the town’s overall revenue needs. This process means individual tax burdens are uncertain until all variables are accounted for, especially as residential properties have seen higher value increases than commercial ones in the current market.