You mention market value. What is it?
State law requires that your property be assessed at market value. Market value is defined as the amount a typical, well-informed purchaser would be willing to pay for a property. For a sale to be a market value (arm's-length) sale, the seller and buyer must be unrelated and willing parties (not under pressure) to sell or buy, the property must be on the market for a reasonable length of time, the payment must be made in cash or its equivalent, and the financing must be typical for that type of property.

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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?