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Calhoun County adopts 2005 Equalization Report showing 4.01% growth in assessed value
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Summary
The Board accepted the 2005 County Equalization Report reporting a 5.47% increase in real property valuation and an overall equalized value of $4,112,478,332; the measure passed unanimously and county officers were authorized to sign and represent the county at state sessions.
The Calhoun County Board of Commissioners on April 19 adopted the county’s 2005 Equalization Report, which showed a 5.47% increase in real property valuation (about $187 million) and a 5.26% decline in personal property valuation (about $28 million), resulting in overall growth of 4.01% or roughly $158 million.
Equalization Director Richard Gruber told the Board the county’s total 2005 equalized value of real and personal property is $4,112,478,332, with residential real property reported at $2,505,125,861 and total personal property at $509,029,970. "Right," Gruber responded when asked whether taxable valuations can rise while property taxes do not increase under Proposal A.
The resolution adopting the report (Res. 53-2005) authorizes the board chair and county clerk-register to sign the report and permits the county administrator/controller and the equalization director to represent Calhoun County at preliminary and final state equalization sessions if necessary. The motion carried on a unanimous roll call vote.
Commissioners asked questions about agricultural land valuation trends and whether the drop in personal property valuations indicates broader economic decline; Gruber said the decrease is statewide and noted a 20% increase in development of agricultural property in the county. The report will be used in setting taxable values and for representation at state equalization meetings.
The Board moved on to other agenda items after adopting the report.