After years of decline, the gross assessed value for Howard County for property taxes due in 2014 has stabilized, according to county officials.
This past week, the Howard County and Center Township assessor’s office mailed forms to local property owners showing the gross assessed value on their real property.
That information is now being provided to the Howard County Auditor’s office for application of any exemptions and the setting of the net assessed value for the 2013 tax rate payable in 2014.
The gross assessed value for all Howard County showed a slight decrease of $11 million to $4.5 billion.
For governmental units that means the projected revenues from property taxes should be similar to what was received in 2013.
The only township to show a decrease in gross assessed value was Center Township, which dropped 2 percent. The gross assessed value for Monroe Township increased the most by 5 percent.
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