The fair market value of your property may not be the same as it was last year. In the past, state manufacturing assessors may have increased the valued based on the overall increases in property values in the marketplace. Now with a declining market assessors may be reluctant to reduce those values to reflect the current market. Businesses may need to take affirmative action to ensure their 2009 assessment is reduced to reflect current property values and does not remain at higher historical values.
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