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Commissioners debate revaluation funding schedule and whether to keep $80,000 annual set‑aside
Summary
Staff recommended continuing an $80,000 annual transfer into the reval fund but commissioners discussed moving from an annual cycle to a six‑year cycle, which would require changing the set‑aside amount and could affect tax-rate calculations tied to sales ratio.
Staff explained Fund 21 is the county’s revaluation (reval) reserve and that the county has historically set aside $80,000 each year toward a full walking revaluation. "So right now we've been funding or setting aside $80,000 each year to fund the reval," staff said, adding there are purchase orders in place that will reduce the carryforward this year.
Commissioners discussed altering the reval cycle from annual to a six‑year approach; staff cautioned that moving to a longer cycle would require either increasing the annual set‑aside or accepting a less frequent full reval. One commissioner warned changing the schedule could have tax-rate consequences tied to the sales ratio and advised careful modeling before altering the appropriation schedule.
No formal policy change was adopted; staff said they would provide updated projections and the board scheduled further discussion ahead of the public hearing and budget adoption.
