Board approves 2025 city valuations, limits revaluation increases for affected properties

The Dickinson City Board of Equalization on April 29 accepted the assessor’s 2025 valuations and approved a temporary procedural limit on unusually large single‑year revaluation increases for properties in the current revaluation cycle. The board recorded true and full valuations of $1,307,198,088 for commercial property and $2,036,856,000 for residential property, for a combined valuation of $3,344,054,088. The board also approved a cap on single‑year revaluation increases for affected revaluation parcels; the board recorded the cap as 15% for eligible revaluations while excluding new construction and sales within the prior 24 months from the cap.

Why it matters: The vote comes after a lengthy assessor presentation describing how valuations are calculated and why some long‑unchanged properties experienced large increases. The decision aims to reduce sudden "sticker shock" for property owners who saw large revaluation increases while preserving the assessor’s duty to produce true and full values. Commissioners and dozens of residents said they were concerned about rapid increases in assessed values and the impact on homeowners on fixed incomes.

What the assessor told the board City assessing staff presented an overview of the assessment process and the revaluation program, emphasizing assessors “don’t set tax rates” but “determine the values” used by taxing bodies. The assessor explained the office uses market…