In a recent government meeting, discussions centered around a property assessment appeal filed by local resident Mister Dooby, whose property value has seen a significant increase over the past few years. Since 2019, the assessed value of his home has risen by $162,000, with the most recent assessment reflecting a jump to $64,000 in just one year. This sharp rise has raised concerns for Dooby, who expressed difficulty in managing the financial implications of such increases.
The county's representative provided context for the assessment, explaining that the increase is largely due to market trends and sales data analysis in the Polk Township area. The representative noted that the average sale price of homes in the township surged from approximately $170,000 in 2022 to around $270,000 in 2023, indicating a broader trend of rising property values.
During the meeting, it was revealed that the property in question is unique due to its location near Tea Garden, a small horse town, which has contributed to its higher valuation compared to similar properties. The county's assessment included a market adjustment factor of 1.56, reflecting the overall increase in property values in the area.
Mister Dooby requested additional time to gather evidence and potentially reassess the property, as he aims to refinance. The board agreed to allow him two weeks to submit further documentation, while the county will conduct a field inspection of the property within the same timeframe. The next steps will be determined after these evaluations, with a follow-up meeting scheduled for August 29 to finalize the appeal process.