Which of the following is a consequence of incorrect property assessments?

Incorrect property assessments often lead to increased financial disputes within municipalities. When property assessments are not carried out accurately, it can result in some property owners being overcharged or undercharged for their property taxes based on inflated or deflated values. This discrepancy can create significant tension and distrust among property owners, as those who feel they are being unfairly taxed may challenge their assessments, leading to appeals and disputes with local government entities.

Additionally, when various properties are assessed unevenly, it can lead to perceptions of unfairness and inequity in tax burdens, prompting further challenges and conflicts. Therefore, the consequence of incorrect property assessments is not only financial in nature but can also strain relationships within the community as residents seek to rectify perceived injustices related to their tax obligations.

On the other hand, higher overall property values, immediate property tax refunds, and uniform property taxation across jurisdictions are not typically consequences of incorrect assessments. Higher property values are usually a sign of a strong market or effective assessments rather than errors. Immediate property tax refunds might occur in specific circumstances but are not a broad consequence of general assessment inaccuracies. Lastly, uniform property taxation is the goal of proper assessments; incorrect assessments would likely undermine this uniformity rather than contribute to it.