What is the consequence if property assessments are not appealed in a timely manner?

When property assessments are not appealed in a timely manner, the primary consequence is that assessments remain unchanged. This means that the assessed value of the property, which is used to calculate property taxes, stays the same for that tax year. If property owners disagree with their assessment and do not take action within the specified timeframe, they have essentially accepted that assessment.

Understanding this is crucial because it reinforces the need for property owners to be vigilant about their assessments and to act promptly if they believe there is an error. Failure to do so can lead to potentially higher tax liabilities based on an inaccurate or inflated assessment that they could have contested if they had appealed within the designated period.

Other options indicate different scenarios that do not accurately reflect the outcome of failing to appeal assessments. For example, tax liabilities may increase or tax bills may get automatically adjusted, but these outcomes typically do not happen merely as a result of inaction on the assessment front. Lastly, residents do not lose the right to appeal altogether; they simply lose the opportunity to appeal for that specific tax year if they miss the deadlines.