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Jefferson County assessor says 7% assessment cap will reduce revenues; schools could lose about $1.6 million
Summary
Tax assessor's office presented county commissioners with preliminary numbers showing a limit on assessed-value increases under a new 7% cap will shrink potential revenue gains; officials were urged to consider budget cuts totaling about $1.6 million for schools.
John Poe, a representative of the Jefferson County tax assessor's office, told county commissioners the state—nacted 7% cap on increases to assessed property values will reduce the county's potential revenue gains and create budget shortfalls for several funds.
Poe said the county—xperienced a rise in overall taxable value for 2025 but because assessed values are capped at 7% the county will not collect the full amount of revenue that would otherwise result from market increases. He provided preliminary estimates showing an approximate $1,051,981 shortfall to the county general fund, $386,439 for roads, $128,813 for sanitation and a total potential loss to the school system of $1,596,009.04.
Those figures, Poe told the commission, come from this year's abstract and the assessor's office…
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