Williston Assessor Explains Home Valuation and Tax Burden Fairness Process

During the Williams County Board of Equalization meeting on June 3, 2025, officials emphasized the complexities of home valuation and the necessity for fair tax assessments. The discussion highlighted that the cost of building a home can vary significantly based on numerous factors, including whether a homeowner self-contracts or hires a contractor. This variability is crucial as the board aims to ensure equitable tax burdens across the community.

The assessment process involves determining a base value for homes, which is then adjusted based on the quality of construction and the home's age. For instance, the board considers materials used, such as linoleum versus hardwood, and factors in depreciation over a typical 40-year lifespan. This method aims to create a fair assessment by using median sales data to avoid outliers that could skew results.

Officials also noted that if homeowners question their property valuations, they are encouraged to reach out for a review. The board is committed to transparency and fairness, stating that they are open to discussing any assumptions made during the assessment process.

As the meeting progressed, it became clear that the board is under pressure to comply with state requirements, which mandate that property assessments fall between 90% and 100% of market value. This compliance can sometimes lead to significant increases in property taxes, with one example cited of a 27% increase for certain properties. The board expressed a desire to minimize such increases, acknowledging the financial burden they can impose on homeowners.

In conclusion, the Williams County Board of Equalization is actively working to refine its assessment processes to ensure fairness and transparency, while also navigating the challenges posed by state regulations and market fluctuations. Homeowners are encouraged to engage with the board to better understand their property valuations and the assessment process.