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City assessor reports year‑five reappraisal progress, true & full value up about 4.36%
Summary
The city assessor told the Board of Equalization the assessing department reappraised 2,009 properties during year five of a six‑year reappraisal cycle, reported sales‑ratio statistics near state targets and presented preliminary true and full values showing an overall increase of about 4.36% over the prior year.
At its Board of Equalization meeting the city assessor presented 2024 reappraisal results and related statistics, and the board received one formal protest that will be heard April 21.
Assessor Tammy Lazur told the board the department completed exterior inspections and data updates on 2,009 properties during the fifth year of the city’s six‑year cyclical reappraisal program and that the department analyzes sales‑ratio data to set market adjustments.
Key ratios and values: Lazur presented sales‑ratio statistics showing the median…
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