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Committee reviews property assessment totals, homestead and veteran exemptions
Summary
Committee members reviewed an assessment 'row grand totals' report showing a total market value reported around $43,760,375, noted roughly $9,000,000 in homestead exemptions and about $709,431 of exempt property, and discussed per-household averages.
The Chair read figures from the assessment report, stating a total market value verbally as "43 may million $760,375," and highlighted large reductions from exemptions, with the homestead exemption described as "almost $9,000,000." Members also noted exempt property worth about $709,431 and discussed counts of homestead exemptions and additional exemptions for seniors and disabled veterans.
A committee member calculated a rough per-household average, saying, "If we divide the 43,000,000 by 93, it gives us an average of 470,000 per household," and members asked staff to verify records and flag any apparent errors or misallocations. The group requested that staff mark items needing follow-up and to notify eligible veterans where appropriate.
