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Jackson County legislature amends commercial assessment cap, limits relief to properties with $5 million or less assessed value
Summary
After debate about enforceability and legal risk, the legislature amended Ordinance 5,990 to limit a proposed commercial property assessment rate cap to properties assessed at $5,000,000 or less and moved the ordinance forward for perfection.
The Jackson County Legislature on Sept. 8 amended Ordinance 5,990, a proposal to impose a commercial property assessment rate cap, narrowing relief to commercial properties with assessed values of $5,000,000 or less.
The change came after prolonged debate over the legislature’s legal authority to set assessment values and concerns about which property classes would receive relief. A floor amendment limiting relief to properties with assessed values of $5,000,000 or less passed; the clerk recorded the vote as “6 yes, 1 absent, 1 abstaining, and 1 no.”
A legislator supporting the amendment said commercial assessment valuation increases in the current assessment cycle disproportionately affected…
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