07/15/2026
I know many Concord residents like myself are experiencing sticker shock after receiving their preliminary 2026 property assessments. The most important thing to understand is that a higher assessment does not automatically mean your property tax bill will increase by the same percentage.
A revaluation does not create additional tax revenue for the City, schools or county. Its purpose is to update properties to current market value and determine how the overall tax burden is distributed among property owners.
Here is a simple example:
Suppose a home was previously assessed at $300,000 and the tax rate was $30 per $1,000. The tax bill would be:
$300,000 ÷ 1,000 × $30 = $9,000
Now suppose the home’s assessment doubles to $600,000, but property values across the entire city also double. If the amount of money that needs to be raised through taxes stays the same, the tax rate would drop to about $15 per $1,000.
The tax bill would still be:
$600,000 ÷ 1,000 × $15 = $9,000
That is why you should not multiply your new assessment by last year’s tax rate. It will almost certainly produce an inflated estimate.
What matters for your individual tax bill is:
* How much your property’s value changed compared with the citywide average; and
* The total amount of money that must be raised through the City, school district, county, and State Education Property Tax.
If your home increased by about the same percentage as the citywide average, the reassessment itself should not significantly change your share of the tax burden. If it increased more than average, your share may increase. If it increased less than average, your share may decrease.
We won’t know the new tax rate until the fall, after all assessments are finalized and the budgets for the City, schools, county, and state education are complete.
I also want to acknowledge what many people are feeling. I believe property taxes are already too high. Families and seniors are under real financial pressure, and these are challenging economic times. That’s why I advocated for a 0% tax increase during this year’s budget process, just as I did last year. Regardless of where the final tax rate lands, I remain committed to doing everything I can to keep taxes as affordable as possible while maintaining the core services our community relies on.
Finally, remember that the notices being mailed are preliminary assessments. If you believe Vision has incorrect information about your home - such as its size, condition, number of rooms, finished space, or other characteristics - please review your notice carefully. It includes instructions for scheduling an informal review with Vision. You may also contact the Concord Assessing Office with questions. It’s much easier to correct factual errors now than after the assessments are finalized.
The increase on your assessment notice is understandably concerning, but it is not your tax bill. We’ll have a much clearer picture once the tax rate is set this fall.