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Equalization director: taxable value rise from sales will affect 2025 property taxes; Truth and Taxation meeting set
Summary
Equalization Director Megan Daniels reported a significant increase in taxable value driven by property sales and the board approved the 2025 L-4024 and scheduled the Truth and Taxation meeting for April 15, 2025.
Equalization Director Megan Daniels presented the upcoming 2025 Equalization Report and the L-4024 form, telling commissioners that taxable value has risen significantly due to recent property sales and that the change will affect property taxes in 2025. She asked the board to review the provided reports ahead of the April 15 meeting.
Commissioners unanimously authorized Chair Fisher to sign the 2025 L-4024 and agreed to adopt Resolution 2025-10 to set the Board of Commissioners Annual Truth and Taxation Meeting for Tuesday, April 15, 2025. Daniels noted classification shifts including changes in exemptions and the effect of personal property tax exemptions on overall values.
