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Assessment office raises residential values after sales-ratio shortfall
Summary
Staff reported the county's 2025 residential sales-ratio median was 86.5% (below the 90% state tolerance) and described changes that raise the median to about 90.2% for 2026; staff emphasized incremental adjustments to avoid large valuation swings.
Assessment staff told the board the county's residential median for the 2025 sales-ratio study was 86.5%, below the state's acceptable 90% minimum, so the office adjusted modeling and classifications to bring the county back into tolerance.
"For this year, for residential, we were just low on the median market level rate. We're at 86.5, and we need to be at 90% at a minimum," the presenter said. The staff later said the planned adjustments put the residential median at about 90.2%. A board member asked how the office plans changes; staff replied they prefer incremental increases to avoid large single-year valuation jumps.
