The ruling "Botànic Agreement" of left-of-centre parties was re-elected in the 2019 election for a second term in office, albeit with a diminished majority of 52 to 47.

The coalition government was further weakened by the resignation in June 2022 of Compromís figurehead Mónica Oltra as both cabinet member and deputy, following her being accused of negligence and concealment in an alleged case of sexual abuse of a minor under the protection of her ministry by her ex-husband.

On the other hand, Ximo Puig's government was generally well-valued in opinion polls for its management of the COVID-19 pandemic, the economy and the political situation in the Valencian Community, which during this period saw the organization of the Benidorm Fest, the signing of a collaboration agreement with the Volkswagen Group for the development of a battery gigafactory in Sagunt and Ford's decision to equip its plant in Almussafes with the manufacture of electric cars.

Puig's Socialist Party of the Valencian Country (PSPV) increased its vote share and seat count, but this was not enough to compensate for the loss of support of both Compromís and Unidas Podem, the latter of which failed to reach the minimum threshold.

[5] Voting for the Corts was on the basis of universal suffrage, which comprised all nationals over 18 years of age, registered in the Valencian Community and in full enjoyment of their political rights.

[7] The expat vote system was attributed responsibility for a major decrease in the turnout of Spaniards abroad during the years it had been in force.

[8] The 99 members of the Corts Valencianes were elected using the D'Hondt method and a closed list proportional representation, with a threshold of five percent of valid votes—which included blank ballots—being applied regionally.

[22] The Corts Valencianes were officially dissolved on 4 April 2023 after the publication of the dissolution decree in the DOGV, setting the election date for 28 May and scheduling for the chamber to convene on 26 June.

The table below lists opinion polling on the perceived likelihood of victory for each party in the event of a regional election taking place.