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Although the property tax value and the inheritance tax value are determined according to similar, partly identical valuation provisions of the Valuation Act (Bewertungsgesetz), they are established independently of one another in separate administrative procedures.
A well-founded expert appraisal report prepared in the context of one procedure can generally also be used as evidence of a lower fair market value in the other procedure.
For reasons of procedural efficiency, it is advisable to conduct both proceedings in a coordinated manner with tax advice in order to avoid contradictions between the notices.
Although the property tax value and the inheritance tax value are based on partly identical provisions of the Valuation Act (Bewertungsgesetz), they are determined in independent administrative procedures, each with its own notice of assessment and its own appeal deadline.
An objection must therefore always be directed against the specific notice concerned – an objection in one procedure does not automatically affect the other procedure.