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Assessor explains new 7% assessed-value cap; commissioners ask for public clarification
Summary
County assessor staff explained how a recently enacted law limits assessed-value increases to 7 percent year over year (assessment value basis), and commissioners asked staff to provide clearer public communication about the cap and its limits.
Assessor’s office staff explained to the Jefferson County Commission how a recently enacted law limits year-to-year increases in assessed value to 7 percent, and commissioners asked that the office communicate the cap more clearly to taxpayers. Staff clarified that the 7 percent cap applies to assessed value (market value multiplied by the…
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