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d. The source providing the statement of a lesser value has an interest in the property or stands to gain from the property’s valuation, e.g. is one of the tenants-in-common, is the remainder interest holder, stands to inherit the property, etc., or e. For other reason that causes the county to doubt the statement. 4. Examples of types of knowledgeable sources are: a. Licensed real estate brokers; b. Local Farm Service Agency office; c. Local office of the Farmer’s Home Administration; d. Commercial banks, savings and loan association, mortgage companies and similar lending institutions; e. An official of the local real property tax jurisdiction, or f. County Agricultural Extension Service; g. Professional appraisers; h. For promissory notes, companies which are in the business of buying and selling promissory notes. 5. Applications See MA-2303, Verification Requirements for Applications and MA-2304, Processing the Application, for processing time frames and requirements for providing rebuttal evidence. 6. Redeterminations Allow a beneficiary twelve calendar days to provide evidence to establish a lesser value. If at the end of the 12 calendar days, he has not provided the evidence, send a timely notice proposing termination for excess resources. 7. Updating Rebuttal Evidence a. Real property - Verify the rebuttal value in the first redetermination of the year and at the first redetermination which follows an increase in tax rates or property values. This is the same timeframe for verifying the tax value of the real property. b. Promissory note - Verify the rebuttal value at each redetermination. This is necessary due to the potential for change for a liquid asset. 47