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Polk County assessor reports slowing market growth, outlines staffing, exemptions and A&T funding shortfall
Summary
At the Dec. 17 Polk County Board of Commissioners meeting, Assessor Valerie reported slowing market-value growth, ongoing digitization and staffing updates, and outlined complexities around a new vertical housing-zone exemption and efforts to increase assessment-and-taxation (A&T) funding.
The Polk County Board of Commissioners heard an update from Assessor Valerie on Dec. 17 that outlined slowing market growth, staffing changes, a new housing exemption that requires complex adjustments, and ongoing efforts to secure more stable assessment-and-taxation (A&T) funding.
Valerie told the board that market-value increases have moderated in the past two years: "in the last 2 years, we had on average a 2% growth in market value," while assessed values continue to rise, in part because of Measure 50. She said the office uses four tax rolls—real property, business personal property, manufactured structures and the utility role—and provided county totals: "in Polk County, out of our 17,600,000,000.0 in real market value, 17,000,000,000 of it comes from the real tax role." She also presented allocation percentages for the real tax…
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