Clay County Assessor staff reviewed comparable sales and listing history for multiple residential, vacant and commercial parcels while property owners and their representatives argued the county's appraisals trail recent market sales and listings.

The presentations matter because assessed values determine property tax bills; owners at the hearing repeatedly said recent sales, canceled listings and refinances support higher market values than those shown on the county roll.

Assessor staff and owners reviewed dozens of individual properties in the hearing. Staff described each subject property (bed/bath counts, basement or "partition" finish, and current county appraised value) and then cited three to six comparable sales or canceled listings in the same subdivision or school district. For example, at 302 East Meadow Street, Stewart Stryker, with the Clay County Assessor's Office, described the house as a three-bedroom, two-bath ranch with an unfinished basement and said the county's current value is $176,600; he listed multiple December 2024 sales in the $229,000'$275,000 range used as comps.

Owners and their representatives repeatedly pointed to canceled listings and recent refinancings as evidence of higher market value. At 9949 North Woodland Avenue, staff said the subject has about 5.62 acres and that the owner refinanced the property in April 2025 for $1,400,000 while the county's valuation is $962,500. At 2709 Northeast 60 Third Street, the assessor's slide shows a county value of $224,900 while the owner had listed the home in 2024 for as high as $360,000 before ultimately lowering the list price to $289,000; the presenter also said the unit is renting for about $1,900 a month.

Commercial and multiunit properties were also discussed. Mike Jacoby of the commercial assessment department described a five-plex that the county stabilized at $427,100 (about $85,420 per unit) and showed market listings with average per-unit sale prices near $99,300; he also discussed cap-rate assumptions, saying, "His cap's actually lower. His cap is 7.75. We're using 8.75." In a separate commercial case described as the Bank of America building, staff recommended a modest reduction and cited a per-square-foot figure they summarized as roughly $60 per square foot based on the rents and the loading of the cap rate.

Throughout the hearing, speakers emphasized finish quality in basements or lower levels and whether comps included finished or unfinished basements. Presenters repeatedly noted that many county appraisals remain below the lowest comparable sale in the neighborhood, and several owners described canceled listings from 2023'24 that they said show higher market interest than the county values indicate.

The transcript does not record formal adjudicative votes or final determination language in the segments provided. The session consisted of successive presentations on individual parcels, with staff and owners exchanging data and sellers noting listing histories, refinances and rent rolls.

Several owners asked clarifying questions or offered additional documentation for file entry; assessor staff responded that the staff would submit comp sheets and other supporting materials. No ordinance, statute citation or formal board action appears in the provided transcript segments.

The hearing will continue in subsequent sessions as staff and owners complete presentation of comparable sales and documentation and as any appeals move through the assessor's formal review process.