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Commissioners consider lowering property assessment cap; staff to confirm fiscal impact before Nov. 15 deadline
Summary
The board discussed reducing the county's homestead/property assessment cap from 5% to a lower rate and directed staff to confirm the actual fiscal impact before the statutory submission deadline to the state on Nov. 15.
Commissioners discussed whether to lower the county—s cap on annual property assessment increases for homestead properties (the assessment cap commonly referenced as the homestead tax assessment cap) and asked staff for firmer cost estimates before the state submission deadline.
Jeanette Kenmore told the board she had received updated state assessment figures showing the county—s total…
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