Multi-Residential Rollback Schedule

The rollbacks applied to multi-residential properties will be phased in over the span of seven (7) years at the following rates with their corresponding years:

2015 Taxable value at 86.25% of assessed value.
2016 Taxable value at 82.50% of assessed value.
2017 Taxable value at 78.75% of assessed value.
2018 Taxable value at 75.00% of assessed value.
2019 Taxable value at 71.25% of assessed value.
2020 Taxable value at 67.50% of assessed value.
2021 Taxable value at 63.75% of assessed value.
2022 Taxable value is determined with the same rollback percentage as residential.