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Huron County board adopts reproduction valuation for courthouse and old jail after CORSA appraisal
Summary
CORSA presented a four-year appraisal raising county property valuations from $148M to $163M; the Board voted to change the Courthouse and Old Jail from replacement to reproduction valuation, accepting estimated premium increases.
CORSA representatives presented an updated county property appraisal at the Huron County Board of Commissioners meeting on July 8, showing total appraised values rising from $148 million to $163 million, a 10.2% increase from the prior four-year appraisal.
Ali Redmond, a CORSA representative, said the new appraisal places county assets at $163 million and described how members receive reproduction-cost estimates for historic structures. She said the county’s current premiums reflected CORSA membership and reinsurance arrangements and that the incremental premium to move historic buildings to reproduction valuation would be modest relative to replacement cost: the courthouse’s replacement cost was listed at $22.2 million versus a $36 million reproduction cost (an estimated $8,300 per year increase in premium), and the old jail’s reproduction cost would be $8.1 million versus $5.6 million replacement cost (an estimated $1,400 per year increase).
Commissioner Bradley R. Mesenburg moved to change both the Courthouse and Old Jail to reproduction valuation for insurance purposes; Commissioners Tom Dunlap and Harry Brady seconded and the motion passed unanimously.
Why it matters: The change adjusts how the county insures two historic structures and will modestly increase annual premiums while broadening recovery assumptions for restoration with historically sourced materials.
