May 20, 2015
About a month ago, every property owner in Jasper County received their 2015 Property Tax Assessment in the mail. Your assessment most likely went up, and it possibly went up significantly. If you don’t agree with the new value, you can appeal it in writing. Click here to get the proper form.
This form must be filed with the Jasper County Board of Assessors, located on the main floor of the courthouse by 5/27/15.
Property taxes are local government’s main source of revenue for schools, police and fire departments, libraries and other local services. Property taxes are computed by multiplying a property’s assessed value (Fair Market Value x 40%) as formulated by the tax assessor’s office by the local millage rates.
Presently the millage rates are as follows:
Total = 37.536 (If you live in the City of Monticello, your rate is 44.391 mils)
This rate could increase, decrease or stay the same depending on the approved budgets that the School Board and BOC are now working on.
The primary factors affecting your property value are:
• location (dirt road, paved road, north part or south part of county)
• economic and market forces
Some facts about Jasper County property taxes:
Lynn Bentley, Chief Appraiser for Jasper County, spoke about why the values went up so much this year at a recent citizens’ meeting held on May 14.
1. There were 166 useable market sales in 2014. These sales determined the new values for our properties.
2. The value of all non-exempt property in the county is $330,973,842. This figure is multiplied by 40% to get taxable (assessed) value.
3. For Rural Residential (under 30 acres) houses went up 12% in value, land in the north part of the county went up 8%, and land in the south part of the county went up 12%.
4. The total increase in taxable property values for 2015 is $14,922,931 which will bring in the following additional taxes at the current millage rate:
a. County $260,345
b. School $283,386
c. Hospital $ 14,923
d. City $102,297
As you can see, higher values = higher property taxes.
Mrs. Bentley told me she was more than willing to go over anyone’s property values with them, and if there were questions she would be happy to answer them. She also said that she would be willing to take a second look at your property if you feel it is not valued correctly. You can call the Board of Assessor’s office at 706-468-4904.
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Citizens, be informed and stay informed! Only by being informed can the citizens understand what is being done and talked about, and then press our officials to make good decisions for everyone in Jasper County. That is our goal with the Taxdogs blog.