Get email alerts on the Property Tax topic
No spam. Unsubscribe anytime.
Assessor reports modest decline in certified values; state changes to assessment rates drive reduction
Summary
The county assessor reported a roughly 3% drop in certified assessed value year over year, attributing most of the change to state calculation rule changes (including a residential subtraction up to $70,000) rather than local new construction.
The county assessor presented the annual certification and abstract to the board, reporting that assessed value for the county is about 3% lower than the previous year. The assessor attributed most of the decline to recent state adjustments in assessment rates and to a residential subtraction program being reinstated for 2026 that reduces taxable value by up to $70,000 per residence before assessed‑rate calculations.
The assessor said the formal certification and abstract will be available for signing by Aug. 25 and noted there are three pending CBOE appeals since the date of the briefing. Commissioners thanked the assessor for the summary and flagged implications for revenue and budget planning next year.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
