Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Madison County reassessment raises property values; board to consider lower tax rate at April hearing
Summary
A county-contracted reassessment increased total real estate value from about $2.7 billion to $4.0 billion. County staff said state law limits reassessments to a six-year interval; the board will advertise an equalized tax rate and hold a public hearing in April.
Madison County supervisors heard a detailed update on a countywide reassessment that county staff said raised overall real estate values from about $2.7 billion to roughly $4.0 billion.
The reassessment, contracted to Wingate Appraisal Services, used recent sales data and field visits to set new fair-market values for parcels countywide, county staff told the board. The assessor’s office will accept informal appeals through March 5 and appeals to the Board of Equalization later this year, staff said.
The county’s reassessment last occurred in 2019; staff emphasized the current increase reflects a six‑year…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
