By what date must the annual notice of assessment be mailed to taxpayers?

The requirement for mailing the annual notice of assessment by July 1 is established to ensure that taxpayers receive timely information regarding their property assessments. This notice is critical as it allows taxpayers to review their assessments and understand any changes that may have occurred compared to previous valuations. Providing this notice by July 1 gives taxpayers adequate time to consider their assessments before potential tax payments are due, fostering transparency and allowing for any necessary appeals or inquiries about the assessment process.

The chosen date, July 1, is typically aligned with many jurisdictions' fiscal calendars, where property assessments are a key component of determining local property taxes. It helps to standardize communication to taxpayers, making it easier for them to understand and manage their financial obligations related to property ownership. This adherence to a specific timeline also supports administrative efficiency within assessment offices, ensuring that notices are processed and delivered consistently every year.