The 2007 interim taxes were based upon 50 percent of your previous year's taxes, and are adjusted for any cancellation or supplementary taxes. Such adjustments are recalculated as if they had applied for the entire 2006 year.
The assessed value of your property is based on the current value as of January 1, 2005. Any changes to your 2007 taxes will be reflected on the final tax bill you will receive in June 2007.
For accounts that did not exist in the previous year 2006, interim taxes will be calculated using approximately 50 percent of a full year's estimated taxes.