If my assessment increases does that mean my property taxes will increase?

Higher property assessments do not  cause higher taxes. The total municipal budget determines the amount of money to be raised from property taxes. The tax rate may stay the same or even decrease, because of the overall increase in the total value of the community. YOUR TAX BILL IS BASED ON THE SPENDING OF THE TOWN. An increase in the assessed value does not necessarily cause an increase in taxes. Your bill is a direct result of the Town's budget.