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Wabasha County approves correction to state-assessed utility and railroad values after reporting error
Summary
Wabasha County commissioners voted to approve a correction to state-assessed property values after staff reported an October update from the state was not entered, producing an overvaluation of utilities and railroads.
Wabasha County commissioners voted to approve a correction to state-assessed property values after county staff reported an October update from the state had not been entered, producing an overvaluation on utilities and railroads.
County staff said the error produced an $8,856,700 overvaluation that translated to about $206,800 in taxes spread across seven school districts, eight cities and 16 townships. "We use the preliminary values in July to submit our fall prism to the state, and then, the final values are set in October," the county staff member said, explaining that the October final values were missed in the system and the county used July preliminary values instead.
The correction will be handled…
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