Virginia Notice of Valuation Hearing is a document issued by the Commonwealth of Virginia Department of Taxation that informs individuals or businesses of a scheduled assessment hearing for the purpose of determining the value of taxable real estate. The Notice is usually sent out in the form of a letter, and it includes the time and date of the hearing, as well as the address of the court, and the type of property being assessed. There are two types of Virginia Notice of Valuation Hearing: (1) Notice of Real Property Assessment and (2) Notice of Personal Property Assessment. The Notice of Real Property Assessment outlines the scheduled hearing for determining the taxable value of real estate, such as land, buildings, and improvements. The Notice of Personal Property Assessment outlines the scheduled hearing for determining the taxable value of items such as tangible personal property, machinery, and equipment.
Virginia Notice of Valuation Hearing is a document issued by the Commonwealth of Virginia Department of Taxation that informs individuals or businesses of a scheduled assessment hearing for the purpose of determining the value of taxable real estate. The Notice is usually sent out in the form of a letter, and it includes the time and date of the hearing, as well as the address of the court, and the type of property being assessed. There are two types of Virginia Notice of Valuation Hearing: (1) Notice of Real Property Assessment and (2) Notice of Personal Property Assessment. The Notice of Real Property Assessment outlines the scheduled hearing for determining the taxable value of real estate, such as land, buildings, and improvements. The Notice of Personal Property Assessment outlines the scheduled hearing for determining the taxable value of items such as tangible personal property, machinery, and equipment.