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That is, if they do not plan to reassess for another few years, during which property values appreciate, then they may overassess the property in anticipation.
When assessors and equalization directors overassess energy company property, utility companies must pass this cost along to their customers, which means higher gas and electric bills for senior citizens, homeowners and other utility company customers," Studley noted.
The rule is thus information-forcing in the important sense that it controls B's incentive to overassess potential damages.