This week’s announcement that residential real estate assessments are up again was not a surprise. The average homeowner will pay an additional 2.3% in taxes for 2017 unless the County Board reduces the tax rate.
This 2.3% assessment increase comes despite the average home sales price only ticking up by 0.3% in 2016 over 2015. Assessments increased by 2.8% in 2016 as well.