Sales from a two-year period are used in these sales studies. In the residential class, there is sufficient data to directly compare sales to assessments to determine whether the residential property class in each of the 16 townships and 1 cities has been equally and uniformly assessed at 50% of true cash value. This is done by adding to or deducting from the valuation of personal property and each class of real property in each township and city an amount that will produce a sum, which represents 50% of true cash value. The County Board of Commissioners equalizes separately personal property, and the following classes of real property agricultural, developmental, residential, commercial, industrial, and timber cutover real property. The Equalization Department assists the County Board of Commissioner in examining the assessment rolls of the townships and cities and ascertaining whether the real and personal property in the respective townships and cities has been equally and uniformly assessed at true cash value.
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