LEWISTOWN – Mifflin County Commissioners met Thursday morning to discuss matters relating to new county business. Mark Sunderland joined the group via telecommunications. The commissioners discussed at length the sale agreement with Diakon Lutheran Social Ministries to sell the land of Ohesson Manor Property. Commissioner Robert Postal explained,Read More →

Monroe County Appraiser Randy Noe spoke with the Monroe County Board of Supervisors Feb. 8 about a pending Cargill property appraisal appeal. Noe said Cargill appealed their property’s estimated 2021 value and requested that the assessment be reduced by $22,174,511, or about 20% across the board, which could impact finances.Read More →

Update: October 25, 2021 at 12:58 p.m. Diane Elliott, Director of the Property Assessment Department (Photo provided) The government has been accused of sending “offensive” letters to landowners requesting entry into their homes to verify if they are dodging additional tax payments for home renovations. A woman who received aRead More →

The Post asked readers in August what questions they wanted to hear from candidates running for the Prairie Village city council speech. Based on this feedback, we developed a five-point questionnaire with the issues most important to residents of Prairie Village. Each day this week, we’ll be posting contestants’ answersRead More →

THE REFORM of the real estate appraisal system will create new sources of income for local communities and make them more self-reliant by reducing their dependence on national government funding, according to the Office of Local Government and Finance ( BLGF). BLGF Executive Director Niño Raymond B. Alvina made theRead More →

Property values ​​in the North Fort Myers and Bayshore Fire Districts have virtually returned to levels they reached in 2007, before the Great Recession. This could mean more property tax revenue for the two districts. However, both chiefs agree that while property values ​​have risen, inflation has also risen, meaningRead More →

This home, pictured on Friday May 7, 2021 and located at 1144 Discovery Hill Drive, was the most expensive upgraded residential sale of March 2021. On average, residential home values ​​have increased 11% for this revaluation cycle.Photo by Jason Connolly / Jason Connolly Photography In early May, Summit County homeownersRead More →

Lawmakers approved a bill on May 19 to shift the cost of school obligations to owners of farmland and ranching. Senator Tom Briese “data-image-caption =” Sen. Tom briese “data-medium-file =” http://update.legislature.ne.gov/wp-content/uploads/2017/01/SenBriese_inline-200×300.jpg “data-large-file =” http: //update.legislature .ne.gov / wp-content / uploads / 2017/01 / SenBriese_inline.jpg “loading =” lazy “src =” http://update.legislature.ne.gov/wp-content/uploadsRead More →

The Ministry of Finance (DoF) said that the income generation capacity of local government units (LGUs) should be strengthened when the property valuation system is digitized. “The Local Governance Reform Project (LGRP) will certainly help strengthen the revenue collection capacity of our local government units by adopting new digital toolsRead More →

This op-ed on the disparities in property valuation in The New York Times is attracting attention and commentary, for good reason. The editorial finds that nationwide systemic valuation errors disproportionately affect low-value residential properties, shifting property tax burdens towards those owners and away from owners of higher-value residential properties. RacialRead More →

Related practices and jurisdictions Real estate is appraised at its actual value by county appraisers for property tax appraisal purposes. Colorado appraisers generally use three approaches to determine market value: market, income, and cost. Market approach Appraisers use the market approach to determine property value by analyzing the selling priceRead More →

Landowners in Pittsylvania County recently received a letter in the mail regarding the revaluation of the property in 2022, which sparked outrage. The county apologized on Saturday for what it called “bad editing” in the letter, but county residents are overwhelmingly saying administrators are just turning back the clock. TheRead More →

According to (Chen, 2020), valuation is a quantitative process aimed at demarcating the credibility or value of any asset. It requires an empirical mechanism that decides fair value. Usually, an analyst measuring the value or worth of a company tests the capital structure, expectations of potential profits, the market valueRead More →

Small businesses face huge challenges in competing online with big brands like Amazon and Walmart, which have a far greater presence on the web than small, family-owned retailers. Pictured is a recently completed distribution center for Amazon at Pullman Crossings in Chicago. By Morris Ellison, Womble Bond Dickinson E-commerce wasRead More →

Reform of the country’s real estate appraisal system, as proposed in the third congressional tax package, would nearly double government revenues in five years, the Asian Development Bank (AfDB) said on Wednesday. In a webinar for local treasurers, AfDB public finance economist Aekapol Chongvilaivan cited a 2019 study showing thatRead More →

Support local journalism Your subscription makes our reporting possible. {{featured_button_text}} The appraiser’s office determines the tax value of various properties, including houses, buildings, and land. The assessment then helps determine the amount of property tax owed to support schools, cities, county and other government subdivisions. Umpires heard 1,987 protests inRead More →

New assessments of primary production land in 21 of Queensland’s local government areas reflect continued confidence in the rural economy, despite prolonged drought conditions. Notices to landowners in the Goondiwindi, Scenic Rim, Banana, Livingstone, Rockhampton, Mackay and Cassowary Coast regions, as well as a number of North West Council areas,Read More →

Rapid urban development in China has transformed cityscapes, with a dramatic increase in tall buildings. However, current 2D real estate valuation methods neglect the vertical dimension, even though this aspect contains important metrics that impact the value of the property – such as types of views, range of view, andRead More →

Anderson, the UNL professor, however, said the shift to an income-based method would make Nebraska’s property tax system less fair. “The property tax system is not designed to be an income tax, it is designed to be a property tax,” he said. Anderson said market-based methods provide the most accurateRead More →