Notice of Valuation

The Assessor's office mails a Valuation Notice to each property owner in late March every year. They are currently being mailed along with the current year tax statements. 

The assessment date is January 2 and forms the basis for the following year's tax.  For example, a valuation notice sent in March 2015 will be the basis for your 2016 property tax.

Understanding Your Valuation Notice - Each notice will contain the following information:

  • Estimated Market Value - This is the value the assessor has estimated your property would likely sell for on the open market.  The notice will illustrate the current year’s assessed value along with the previous year’s value for reference. 
  • Taxable Market Value - This is the value that your property taxes are actually based on after all reductions, exclusions, and deferrals.  Your taxable value, along with the classification rate, and the levee of your local government will determine how much you will pay in taxes.  The taxes you will pay in May will be determined from the previous year's taxable market value.  Remember: Your property is assessed in one year and taxed in the next.  Please also note your Estimated Market Value and your Taxable Market value may be different depending on the situation.
  • Value of New Improvements - If you have made any improvements to your property, this field will be populated with the value the assessor place on the new improvements.  
  • Special Programs - If your property is enrolled in any special programs, they will be listed in this section.  These programs include Green Acres, Rural Preserve, Disabled Veterans' Exclusion, and the Homestead Market Value Exclusion to name a few.
  • Property Details – Your property’s parcel number, short legal description, tax payer name and address will be listed.
  • Local Board Of Appeal & Equalization – Your Notice of Valuation will list the date, time, and location for the Local Board of Appeal and Equalization for the jurisdiction the property resides.  Please remember for people who own property in multiple jurisdictions, each Local Board can only act on appeals in their jurisdiction.
  • County Board of Appeal & Equalization – Your Notice of Valuation will list the date, time, and location for the County Board of Appeal and Equalization.  Please remember for an appeal to be heard at the county level, it must first be heard at the local Board of Appeal and Equalization.
The back of your Notice of Valuation will have more instructions and definitions.