City property valuations soar

Property owners in Martinsville are learning this week that their values ​​have increased dramatically since the last reassessment, but that doesn’t necessarily mean taxes will increase by the same amount. Reassessment notices were mailed Monday, and residents are finding that the median home value in Martinsville has risen 31.42% over the past two years. “It …

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Elko County Property Values ​​Rising

ADELLA HARDING Elko Daily Correspondent ELKO – Elko County property tax assessments for the 2023-2024 fiscal year total nearly $1.99 billion, up from nearly $1.8 billion for the 2022-2023 fiscal year, reflecting the inflation that includes higher construction costs, according to Appraiser Janet Iribarne. “Nevada’s property tax structure is designed to allow for inflation as …

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