Essex County residents are receiving updated real estate reassessment notices this week. After a previous average increase of 48.6%, the reassessment now reflects a 43% increase following a 12.5% decrease in residential values. In response, the Essex Board of Supervisors has proposed lowering the real estate tax rate from 73 to 55 cents per $100 assessed value. Taxpayers can expect to see changes soon, with over 60 appeals filed so far.