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Information necessary to complete this petition is contained on the Notice of Valuation

Information necessary to complete this petition is contained on the Notice of Valuation 2025

Information necessary to complete this petition is contained on the Notice of Valuation Preview on Page 1

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200 votes

The document provides instructions for completing a Residential Petition for Review of Valuation, which allows property owners to appeal the assessed value or classification of their property as indicated on the Notice of Valuation. It outlines necessary information, filing procedures, deadlines, and requirements for both initial appeals to the County Assessor and subsequent appeals to the County or State Board of Equalization and Tax Court.

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Versions	Form popularity	Fillable & printable
2022	4.7 Satisfied (92 Votes)
2021	4.9 Satisfied (35 Votes)
2019	4.3 Satisfied (200 Votes)
2015	4 Satisfied (50 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Does valuation mean mortgage is approved?

A valuation being completed doesnt mean the mortgage is approved, the valuation report can flag issues. For example: If the condition of the property, e.g. general stability of the property, effects the security of the loan that you are applying for. Property value being lower than the offer price.

What does notice of valuation mean?

WHAT IS A NOTICE OF VALUE? Each year the Assessor mails a Notice of Value to every property owner. This notice informs the owner of the total assessed value, property description and any exemptions applied to the property.

What does a valuation notice mean?

What is the notice of valuation? Each year the Assessor mails property owners a Notice of Value. This form informs the owner of the propertys total assessed value, property description and exemptions applied to the property.

What happens after the valuation is done?

Once a property valuation is conducted, lenders use the valuation report to assess the propertys value and determine the borrowers loan eligibility and terms. The valuation report serves as a critical tool for lenders in mitigating risk and ensuring that the property serves as adequate collateral for the loan.

What does valuation mean in real estate?

Real estate valuation is the process of determining what a property is worth at a specific moment in time. Valuations are also used by stakeholders in real estate, including buyers, sellers, mortgage lenders, investors and home insurance companies.

What is required in a valuation report?

The Valuation Report should be a document that provides comprehensive information for the reader to identify the Property being valued and to understand the financials related to the Property as well as the valuation methodologies, parameters and assumptions adopted in deriving the value of the Property.

Information necessary to complete this petition is contained on the Notice of Valuation 2025

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