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Reconsideration of Value Request Instructions for the Reconsideration of Value: 1. The Broker/LO must provide the following items within 30 days of receiving the completed appraisal report. 2. Submit

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How to fill out reconsideration of value request

01

Start by gathering all the required documentation for the reconsideration of value request, including any supporting evidence such as recent comparable sales data.

02

Compose a written request stating the reasons for reconsideration, providing detailed explanations and supporting arguments.

03

Include any relevant photos or other visual evidence that can support your case.

04

Submit the completed request and all supporting documentation to the appropriate authority or organization responsible for handling such requests.

05

Follow up regularly to check the status of your request and to provide any additional information or clarification if required.

Who needs reconsideration of value request?

01

Homeowners who believe their property has been undervalued and want to request a reassessment of its value.

02

Real estate agents who are advocating for their clients' properties to have their values reconsidered.

03

Buyers or sellers involved in a real estate transaction who feel that the appraisal or assessed value does not accurately reflect the property's true market value.

04

Property owners who have made significant renovations or improvements to their property and believe that the assessed value should be adjusted accordingly.

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What is reconsideration of value request?

Reconsideration of value request is a formal request made by a property owner to the local tax assessor to review and potentially adjust the assessed value of their property.

Who is required to file reconsideration of value request?

Property owners who believe that the assessed value of their property is inaccurate or too high are required to file a reconsideration of value request.

How to fill out reconsideration of value request?

To fill out a reconsideration of value request, property owners must typically provide information such as recent sales data of comparable properties, recent appraisals, and any other relevant documents supporting their claim.

What is the purpose of reconsideration of value request?

The purpose of a reconsideration of value request is to potentially lower the assessed value of a property, which can lead to a reduction in property taxes.

What information must be reported on reconsideration of value request?

Information reported on a reconsideration of value request may include recent sales data of comparable properties, recent appraisals, and any other relevant documents supporting the property owner's claim.

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