Can I submit my mortgage bank appraisal as evidence of value?
A primary function of the Assessing Office is to determine the full and true market value of all property as defined by the State. While it is possible the bank appraisal may be reflective of full and true value, its purpose is to determine the most probable price for mortgage underwriting requirements only. Thus the opinion value, which satisfies the mortgage underwriting requirement, may be in the lower end of the overall range of value, as opposed to the State requirement of determining the highest price possible.

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1. What is a revaluation?
2. Why is a revaluation necessary?
3. When will the revaluation start?
4. Will all property values change?
5. Who will do the revaluation?
6. Will the person who inspects my property be able to tell me my new assessment?
7. Is it necessary that you view the inside of my property?
8. What if I refuse to let assessment personnel in my property?
9. You mention market value. What is it?
10. What if there hasn't been a recent arm's-length sale of my property?
11. What if there are no reasonable comparable sales?
12. I recently built my home. Will the actual construction costs be considered?
13. What will happen to my assessment if I improve my property?
14. Will my assessment go up if I repair my property?
15. How can my assessment change when I haven't done anything to my property?
16. How will my taxes change as a result of the new assessment?
17. Will I be notified if there is a change in my assessment?
18. What if I don't agree with my assessment?
19. What evidence do I need to present to the Board of Tax and Land Appeals?
20. Can I submit my mortgage bank appraisal as evidence of value?
21. What happens after the Board of Tax and Land Appeals makes its decision?
22. What if, after this informal hearing, I still disagree with the assessment?