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Each year, usually
in
early May, an Assessment Change Notice
letter is mailed to all county property owners
whose property values have either increased or decreased
for the current tax year from the values assessed in the previous tax year.
Changes could be triggered by a variety of
actions such as building an addition, adding a driveway, patio, etc. or by
removing a barn or other building. The change could be permanent,
as in the case of an addition, or temporary, for something
like fire damage. If you are unsure what caused the change in the appraisal
value just ask someone in the Assessor of Property’s office and they will be
happy to explain it.
THIS IS NOT A TAX BILL
The information on the front of this notice
shows the appraised and assessed values for property tax purposes for your
property. The assessed value is a percentage of appraised value determined
by state law according to the classification of the property (residential,
commercial/industrial, farm, or public utility). A local tax rate is then
applied to the assessed value to determine the amount of taxes due.
If you believe that the appraised value on
the front of this notice does not reflect the market value of your property,
or if you believe your appraised value is not in line with the appraised
values of similar property in your county, you may
contact the Assessor of Property or you may appear before the local
Board of Equalization. The tax rate and tax amount should not be the
subject of an appeal, as the tax rate is determined separately by the by the
local governing body. |