Staff: LSR7 assessed value edged down while $76.9M in new construction arrived
District staff said total assessed value fell slightly year over year (~$1.4M net), while new construction worth about $76.9M was added; staff attributed the net drop largely to commercial-property reassessments by the county.
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During the work session Dr. Herzog presented a breakdown of assessed value across categories and noted a net year-over-year decrease in total assessed value despite substantial new construction.
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