26 CAR § 213-804. Uniform Notice of Newly Discovered or Newly Constructed Property

(a) If the assessor becomes aware of newly discovered or newly constructed property in a nonreappraisal year and the resulting increase in market value of the parcel caused by the newly discovered or newly constructed property is five thousand dollars ($5,000) or more: (1) The parcel will be updated; and (2) A notice will be sent to the taxpayer. (b) Any newly discovered or newly constructed property having a market value of less than five thousand dollars ($5,000) when discovered: (1) May be listed and updated during the year of discovery; and (2) Will be listed and updated during the appraisal year.