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Marion County assessor: taxes rise from prior sales, appeals due June 15
Summary
Marion County Assessor Joseph O'Connor told a county recorder broadcast that property assessments are based on prior 12 months of sales tied to a Jan. 1 valuation date, that taxes are billed in arrears, and that homeowners can appeal assessments by the June 15 deadline.
Marion County Assessor Joseph O'Connor explained on the Marion County Recorder's Office program "On the Record" that annual property assessments reflect past sales and a Jan. 1 valuation date, meaning homeowners often see tax bills tied to market activity nearly two years earlier.
"We don't predict value. ... we do everything retroactively," O'Connor said, describing the assessor's reliance on sales in the 12 months preceding the valuation date. "So when you're looking at a tax bill, what you're seeing is a sales market that occurred 2 years prior to that valuation date." He said the county values property as of Jan. 1 each year and that tax bills are issued in arrears.
Why it matters: the timing and methodology mean a homeowner's bill can rise even if local market activity has slowed since the sales used in the analysis. O'Connor described two parts of the assessment…
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