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Why are notices of value mailed to property owners?

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Why are notices of value mailed to property owners?

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County assessors are required to annually determine the full (100%) market value of all taxable property in the county and to notify property owners of any changes from the previous year. Notices mailed in November 2009, show a property’s market value on January 1, 2009. This value will be used to calculate 2010 property taxes.

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