The Bureau of Aircraft Valuation Reassessment was established due to recent examination reviews which discovered that numerous aircraft assessments for the 2025 Tax cycle may have been overstated. These inflated valuations may have caused you to pay more in property taxes than required under law. You may submit your reassessment application confirming the accuracy of your aircraft’s taxable value.
- Your Aircraft Valuation may likely have been overrated and your Aircraft has been found eligible for reassessment.
- A Valuation Reassessment ensures your unsecured taxable value is accurate and not overstated. You are eligible to submit a Valuation Reassessment through the Bureau for review.
- The process is straightforward: Complete the Valuation Reassessment form, submit required details for verification, valuation assessment under review.
VALUATION REASSESSMENT
An aircraft valuation reassessment reviews the aircraft’s current market value by examining its age, flight hours, maintenance history, upgrades, and compliance, along with market demand and comparable sales. The goal is to deliver an updated, evidence-based valuation for accurate financing, insurance, sales, or tax purposes.
VALUATION APPEAL
Appealing an aircraft’s assessed value means challenging the appraisal by presenting evidence such as market valuations, maintenance records, and comparable sales. A written protest is filed with the review board, and the case is presented often with documentation and expert input to seek a fair, accurate valuation.