Boe upholds local assessments
Date 2012/7/26 7:50:00 | Topic: News
|The Grundy County Board of Equalization has upheld the assessments on five appeals pertaining to the amounts of taxes to be paid. The five member board, consisting of the county commission and two citizens, held FOUR hearings last week with property owners or their representatives.|
The board of equalization decisions were released in letters to the taxpayers before being announced today.
Those contacted with board of equalization decisions were Adams Park Apartments, the physician's group building at Wright Memorial Hospital, Washington Street Food and Drink, as well as Vanessica and Preston Jawahir with a new house in eastern Franklin township and a motor vehicle owned by Tom Grant.
Each of them requested to have their property assessments LOWER than what the assessor's office determined. Public figures from Assessor Don Stotts show his appraisal on the physicians' building (new structure) is over three million dollars while Adams Park Apartments (old 1928 building) is assessed at two point one million. Stotts said both entities want to use the income approach which, he feels, reduces the amount of tax valuation.
The next step for those wishing to pursue the matter further, is to submit an appeal to the Missouri State Tax Commission.