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of <h1>Valuation Officer empowered to inspect assets, compel documents and give six-month valuation report for assessments</h1> A Valuation Officer may be referred by the Assessing Officer to estimate the value, including fair market value, of any asset, property, or investment for assessment or reassessment, regardless of satisfaction with the taxpayer's accounts. The Valuation Officer or authorized assistants may, with prior two days' written notice and consent, enter and inspect relevant premises, require facilities and documents, and-if access is refused-exercise court-like powers to compel discovery, attendance, production and examinations. The Valuation Officer must consider taxpayer evidence, may estimate on best judgment if uncooperative, report to both parties within six months, may amend obvious errors, and the Assessing Officer may use the report after hearing the taxpayer.
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