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Property Value Notice?

Asked by zzztimbo (61points) June 28th, 2007

I received a letter in the mail from the Office of the Assessor from the county that I live in. It states that the value of my property has gone up by 2%.

I thought I payed property tax on the value of the home when I purchased it.

How is this property value different than the value an appraiser gives when you are applying for a refinance?

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