Greenfield City Council OKs $30K for property revaluations

Recorder Staff
Published: 1/22/2018 5:51:29 PM

GREENFIELD — With the goal of ensuring property assessments are up-to-date, the City Council has appropriated $30,000 for a revaluation of nonresidential properties not included in annual valuations.

The council voted unanimously in favor of the appropriation during its meeting last week.

“I think that doing something like this would show residents that we, in good faith, really want to balance the ball and make sure that it’s fair for both sides, while making sure that our assessments are up-to-date,” At-Large Councilor and Ways and Means Committee Chairwoman Ashli Stempel said.

The motion before the council was originally to appropriate up to $150,000 to perform a revaluation of city properties not included in annual valuations, but Precinct 3 Councilor Brickett Allis made an amendment to include nonresidential properties only. The amount was also amended to up to $30,000, which will come from the city’s General Stabilization Fund.

Allis said commercial properties have not been revaluated for about 15 years.

“The reason that I made this amendment was that the whole conversation about split tax is based mainly on the fact that commercial revaluation doesn’t happen as frequently, and there aren’t as many sales to make those determinations, so commercial valuations go up far slower than residential valuations because there are far more residential sales,” Allis said, adding, “If we revalue just the noncommercial, that will help it to try to catch up where we are with residential. It probably in reality won’t bring it up nearly as much as it should.”

According to Allis, Greenfield is 70 to 75 percent residential and 25 to 30 percent commercial.

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