What is market value and who determines my property value?

Market value is the value that your home should be able to sell for as of a specific date. The value is determined by the activity in the real estate market and the general economy. The value of your property is based on an analysis of the entire municipal real estate market for the full two calendar years before the completion of the valuation update.

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1. What is a revaluation?
2. What happens during a revaluation?
3. Why is a valuation update needed?
4. Will a valuation update increase my taxes?
5. How will I know if my assessment is equitable?
6. What is an informal hearing?
7. If I disagree with my assessment after a hearing, what are my options?
8. What is market value and who determines my property value?
9. Will someone be coming to inspect my house?