|
Overview - Step 7: Change of Assessment Notice
The final step of the revaluation project is the mailing of the "change of assessment notice" to every property owner. It will contain the previous assessment and the new assessment for the 2003 tax year. This notice will be prepared and mailed following the resolution of informal reviews by July 1, 2002.
If property owners are not satisfied with the results of the informal review, they may file a formal appeal with the Fayette County Board of Assessment Appeals within thirty (30) days from the date on the formal notice. Formal appeals will be reviewed beginning in July 2002.
After the formal appeals, the County will turn over the certified valuations to school boards and municipalities. Property owners will not know how the valuations will affect their taxes until these groups meet and set millage rates for 2003.
|