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Bannock County assessor warns commercial property values likely to rise after state cost-data update
Summary
County assessor staff told commissioners an updated state pricing engine will replace 2020 cost data and could cause substantial increases in commercial appraisals; the assessor's office plans outreach and maintained that appeals and in-person hearings will be available.
Anita Heimas, Bannock County assessor, and Jason, a commercial appraiser in the assessor's office, told commissioners on April 8 that an update to the state's commercial cost-pricing data could raise commercial property valuations in the county.
"What we were using before up through last year was data from 2020," the commercial appraiser said, describing a state-provided update to base per-square-foot building costs and depreciation tables. He said the change "is kind of five years in the making" and that the new…
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