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Burke County task force approves market‑area clustering and 5‑acre adjustment for vacant‑land valuations
Summary
A Burke County valuation task force voted to endorse staff recommendations to use market-area clustering and apply a countywide 5-acre land‑size adjustment factor to vacant‑land values as staff works to trend 2023 schedule values to an expected Jan. 1, 2027 baseline.
County Manager Bridal Hebley presented updated vacant‑land sales data and a proposed methodology to the Burke County valuation task force, which voted to accept staff recommendations including market‑area clustering and a countywide 5‑acre land‑size adjustment factor for computing unimproved (vacant) land values.
Hebley told the panel the work aims to align schedule values to where the market is expected to be on Jan. 1, 2027. "The methodology is the main character here," he said, explaining staff used roughly 1,447 qualifying vacant‑land sales from Jan. 1, 2023 through December to compute trended sales ratios and per‑acre values by market…
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