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Johnson County RDC authorizes up to $15,000 probe after $15 million drop in incremental assessed value
Summary
The Johnson County Redevelopment Commission accepted its 2025 annual report and authorized consultant Jeff Peters to begin a parcel-level review—capped at $15,000—to investigate an unexplained roughly $15 million decline in incremental assessed value.
The Johnson County Redevelopment Commission voted March 23 to authorize a capped investigation into an unexpected decline in incremental assessed value after accepting its 2025 annual report.
Jeff Peters, a consultant with Peters Franklin Ltd., told the commission that revenue for 2025 totaled about $420,000 and expenditures were roughly $84,000, with combined cash balances near $783,000. He said the commission’s incremental assessed value (AV) has fallen sharply compared with last summer and last year, a change he called inexplicable from the data he has reviewed.
"At this point in…
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