Shelby County reassessment shows about 27% valuation increase; XAI campus estimated to add $13.5 million

Summary

County assessor and trustee told the budget committee the 2025 certified assessment roll will be roughly 27% higher, producing an estimated $1.035 billion in gross property tax obligations; the planned XAI supercomputer campus is conservatively projected to contribute about $13.5 million in personal-property tax revenue, filings still pending.

Melvin Burgess, Shelby County Assessor of Property, told the Budget & Finance Committee that the county’s 2025 certified assessment roll is projected to increase by about 27% and that the county’s combined certified assessments total roughly $30.53 billion, producing an estimated $1,034,974,003.42 in gross property tax obligations.

Burgess said the assessor’s office currently lists real estate assessments at $28,385,587,237, personal-property assessments at $2,144,629,339 and Green Belt assessments at $140,907,370, and that notices of valuations will go out on or about March 1, 2025. He added that his office has not yet received final personal-property filings from XAI; his staff’s conservative projection for the XAI supercomputer campus is about $13,500,000 in property-tax revenue but those filings remain outstanding.

The assessment snapshot, Burgess said, will be submitted as the…

Shelby County reassessment shows about 27% valuation increase; XAI campus estimated to add $13.5 million

Summary

Subscribe to keep reading