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County assessor warns homeowners of assessment increases after DLGF cost-table changes
Summary
Fulton County assessor reported Form 11 notices were mailed April 30 and said state cost-table changes drove significant increases in assessed values for some dwellings and accessory buildings; the assessor described adjustments to market factors intended to reduce the local impact.
Fulton County’s assessor reported to commissioners that Form 11 notices were mailed April 30 and explained state changes to Department of Local Government Finance (DLGF) cost tables will increase assessed values for many property types.
The assessor said the governor and DLGF increased cost-per-square-foot tables for dwellings, business buildings and industrial properties and, for the coming year, expanded changes to accessory structures (granaries, pole barns, sheds). She said she has limited authority to alter the statewide cost tables but used market-factor adjustments to reduce local impacts where possible. As an example she said a market factor that would have risen to 1.86 was reduced to 1.32 by using two years of sales data instead of three.
The assessor said Form 11 responses have generated strong public reaction with examples of single-home values increasing by tens of thousands of dollars; one resident’s home rose by $86,000 in assessed value in the notices. She said personal property filing thresholds remain at $80,000 this year but could rise dramatically next year (the transcript reported a potential jump toward $2,000,000 in a future change), which could reduce county personal-property filings.
The assessor also described outreach: mobile office dates for late May and early June at Akron and Kewanna libraries, and at South Mud Lake and the sheriff’s office to help residents understand the notices. She said reassessment planning for the next four-year cycle has been submitted to the state and that staff assignments and job descriptions may change to support fieldwork during the reassessment.
