What is meant by the valuation date?
 

According to State law, the Assessor must base his assessed valuations as of January 1st of each assessment year. For example, if you are appealing a 2009 assessment year valuation, for taxes payable in 2010, the valuation date at issue is January 1, 2009. From a market timing standpoint, the Board gives sales occurring closest to this date most weight.

Valuation date is the date on which the market value of the property comprising the inheritance is established. Valuation date is normaly the date of gift.