If I legally subdivide my property into two or more new lots, will my property be reassessed and my property taxes increase ?

  The mere act of subdividing your property into two or more new lots alone will not cause the property to be reassessed.  However, if alterations or improvements are made to the property as a part of the subdivision process, such as adding or ugrading roads, creating future building pads, erecting block walls and so on, then those acts may qualify as "new construction" and could cause the property taxes to increase.

  Also, in some cases, if a land survey is performed as part of the subdivision process which discloses that your property boundaries encompass significantly more (or less) land than was previously assessed to you, then your property taxes could increase (or decrease) based on the new land survey information.