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 Information Necessary to Complete This Petition is Contained on the Notice of Valuation 2019

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What makes the information necessary to complete this petition is contained on the notice of valuation legally binding?

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when you buy a property or when a Property Transfers ownership the value is going to be reassessed at that time so it's going to bring it to whatever fair market value is however if you've been in your home and this is for Residential Properties State statue says it can only go up 3% every year so you want to check that as well and see if they've raised it again your assessed value your full value more than 3% versus the year before now if you just bought your home that doesn't apply or if you do like a major remodel on your home you do an addition they're going to reassess it as well so there's some exceptions that to to that 3% rule but do keep that in mind that it shouldn't the the actual assessed value should not increase more than 3% every year

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