The hot real estate topic this month is all about Jackson County’s recent tax assessments. Because we serve clients in at least 5 area counties, we understand the nuances of which counties are really good at systematically increasing and decreasing their assessments and quite frankly, which ones really stink at it. Jackson County got caught with a decade old problem of not updating assessments and shocked the masses when they sent updated bills that increased up to 40% in many cases.
The public outcry has demanded that Jackson County take a different approach to rectify the situation and more of that is developing right now as talks of lawsuits are flying around. Interesting enough, with sales up 11% year to date and sales prices up 10% year to date, Jackson County’s hot issue hasn’t seemed to impact sales yet.
Theoretically, your county should be tracking sales from the sales certificates and keeping assessments current based on that data. Johnson County is the antithesis of Jackson County as they regularly update sales data wherever it occurs in the county. No matter which county you live in, if you think your property assessment from the county is incorrect, we can help provide you comps so you can dispute your assessment with the county. It’s just one more service we are glad to provide all our clients.