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Board of Appeal and Equalization Handbook <br />How value changes affect taxes <br />The examples below are based on a fictional town consisting of four residential non-homestead houses that are not <br />subject to any deferrals, exclusions, or reductions. The small tax base is used to illustrate how value changes may <br />affect taxes for each house. As the tax base becomes larger, value changes will not affect taxes as dramatically as the <br />examples shown. Even if a value change results in a smaller tax bill for one property owner and an increased burden <br />to be shared by all property in the jurisdiction, any value change will ultimately affect all taxpayers in the <br />jurisdiction. <br />41 <br /> <br />