Tuesday, February 25, 2014

Daily Reporter Reports Hancock County to Reassess Some Local Properties

From the Greenfield Daily Reporter:

About a quarter of local homes and businesses will be reassessed for property taxes again this summer, even though a countywide evaluation of properties was just done in 2011.

Hancock County Assessor Mary Noe says per a new state law that went into effect last year, the local office must reassess a quarter of residential, agricultural, commercial and tax-exempt properties each year from 2014-2018. The goal is within the four-year period, all properties will be re-evaluated to ensure their values are up to date.

The reassessments will start in July and could ultimately affect property tax bills. If the assessed value on the home or business rises, the amount of money due in taxes could also rise.

“I don’t expect us to have a lot of change since the last reassessment was 2011 (for 2012 property taxes),” Noe said. “Assuming everyone who has added on or made a change got a permit, we should be good.”

Reassessments this year will likely be in Center and Brandywine townships, Noe said, though a plan for which properties to reassess each year hasn’t been finalized yet. Property owners will notice any changes from this year’s reassessment on their property tax bills payable in 2016.