The primary purpose of revaluation notices is to show the assessment determined so that you can have the opportunity to review and insure that no errors have been made. Questions of value can be reviewed, explained, and justified. Adjustments, corrections, and concerns will be noted.
Remember, a revaluation establishes and addresses value, not taxes. Revaluations are important because the amount of municipal taxes is based on the assessed value of property – Formula: Assessment x Mill Rate = Taxes.