The Value Adjustment Board (VAB) Process
The purpose of the VAB process is to determine whether the assessed value of a
petitioned property exceeds its market value as of January 1. The VAB appoints
a Special Magistrate (qualified real estate appraisers or attorneys,
independent of the Property Appraiser’s Office) to conduct the hearings.
If you disagree with your property’s assessed value, please attempt to discuss
it with a staff member of the Property Appraiser’s Office. If you petition the
VAB for a change in value, the Clerk must RECEIVE the petition by the deadline
date. Please see your proposed notice for the deadline date. (NOT MERELY
VAB hearings begin in the fall where you will present your evidence and
testimony to a Special Magistrate. An appraiser from our office will present
evidence as to the market value of your property. A written decision will be
sent to you after the final VAB hearing is held.
If a property is petitioned and the VAB made no adjustment and the taxes are
not paid until January, the November and December discount is lost. It is the
taxpayer's decision as to whether or not to pay the taxes in order to get the
discount when petitioning a property.
and Online Filing Information
Link to the LeeClerk VAB website. This site contains detailed information
regarding the VAB process,instructions on filing a petition, and access to the
on-line Axia VAB system.