AP NEWS
Click to copy
Click to copy
Related topics

Home assessments jump about 9%

Rosa Salter RodriguezMay 28, 2019

Allen County Assessor Stacy O’Day isn’t too surprised to hear that many county homeowners felt sticker shock when they opened the envelope containing this year’s official assessment document.

There in black and white was a new assessed value of their house : and it was likely higher than they anticipated.

Assessments increased for about 77% of the county’s homes, and the average increase was about 9%, O’Day said.

That can amount to a nearly 150,000 : and this year’s assessment increase comes on top of an average 8% increase last year.

The increases, O’Day said, result from statewide changes in assessment law and a  local real estate market that’s driving up home prices, especially in certain neighborhoods.

All contents © copyright 2019 The Associated Press. All rights reserved.