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Assessor warns of sharp drop in assessed-to-market ratio; council told multiple tax-sale properties closed
Summary
The Amberville tax assessor reported the assessed-to-market ratio fell from about 98% to 83% over the past year and said the state could order a reevaluation; staff also updated the council on recent tax-sale property dispositions and a pending title clearance for a parcel at 150 Swan Street.
The city's tax assessor told municipal staff the assessed-to-market ratio plunged in the past year and that state officials have urged corrective action, possibly including a forced revaluation.
"My ratio went from 98 to 83," the assessor said, warning that the state told the assessor to bring values into line or risk a mandated reevaluation. Staff agreed to follow up with more detailed information for public distribution and to discuss corrective steps after the meeting.
Separately, staff updated the group on tax-sale property activity. An official reported three parcels have sold in recent proceedings, including properties at 310 North Union Street and 113 Swan Street sold via sheriff's sale; one parcel, 150 Swan Street, still requires title clearing before the final payment of about $18,000 is released.
The meeting participants discussed the potential value of hiring an assistant in the assessor's office to handle deeds, the 200-foot notification list and tax certifications; they asked staff to prepare a job description and salary recommendation for management review in 2025. No formal vote was taken; the assessor and staff will return with follow-up materials.
