Which of the following is NOT a step in the property assessment process?

Sending out tax bills is indeed not a direct step in the property assessment process. The main focus of the property assessment process revolves around establishing a fair and accurate estimation of property values based on various factors such as location, property characteristics, and market conditions.

Inventorying properties involves collecting detailed information about each property, including its size, type, and condition, which is crucial for establishing its value. Determining property values is the next logical step, where assessed values are calculated based on the collected data and relevant methodologies.

While the appeals process is an important aspect that follows the initial assessment, it pertains to the property owners disputing the assessed values rather than the assessment itself. Therefore, the action of sending out tax bills, which occurs after the assessment process is completed to inform property owners of their tax liabilities, falls outside the core steps involved in the initial property assessment process.