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County assessors report 9.1% overall valuation increase for 2025 assessment; timelines and delinquent‑tax procedures outlined
Summary
Assessors told the board total county valuation rose about 9.1% for the 2025 assessment (taxes payable 2026), with residential and seasonal properties showing the largest gains; staff reviewed ECRV validation, new construction totals and the delinquent tax/forfeiture and auction process under new legislation.
County assessors presented the 2025 assessment overview and special tax‑program updates. Staff said overall county valuation increased about 9.1% based on sales through September 2024, highlighted strong lakeshore and acreage value gains and reported roughly $260 million in new construction countywide. Assessors said they validated thousands of ECRVs and will send valuation notices to taxpayers in the coming days and begin quintile reviews.
Assessors also reviewed special property tax programs: about 22,000 active homesteads, roughly 740 active disabled‑veteran market‑value exclusion applications that exclude about $163 million in taxable value, a blind/disabled exemption and the managed‑forest (2c) program that can lower tax liability. On delinquent taxes, staff said about 1,584 parcels were delinquent for payable 2024 (981 first‑year delinquencies). They explained the forfeiture timeline, upcoming online auctions and new procedures that require offering forfeited parcels at estimated market value for 30 days then at minimum bid; any surplus proceeds after sale must be made available to interested previous owners for six months.
