Assessor’s Office revalues residential property
Reduction in assessments reflective of declining real estate market
A few years back, during the “real estate boom,” property assessments rose to reflect the new market conditions. Now Jasper County Assessor John Deegan said it’s time for valuations to come back down.
In a press release issued Tuesday afternoon, Deegan said residential property owners throughout the county will see decreases in their property valuations, retroactive to Jan. 1. He said the overall change will be about 5 percent on dwelling values.
“We are addressing the declining real estate market and people will get a notice in the mail soon to reflect the change,” he said.
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