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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Opinion: Insurers scrutinize property valuations, new exposures

hunter johnson Since the beginning of 2020, businesses of all kinds have faced a seemingly endless set of unique challenges, including a global pandemic that created an economic shutdown, a record number of natural catastrophes, and a difficult insurance market. When COVID-19 lockdown measures ended in mid-2021, hopes that the worst was over were dashed …

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Valley News – Lebanon Homeowners Get the Worst of Shift in Property Tax Burden as Valuations Soar

LEBANON — City officials are preparing residents for the prospect of significantly higher property tax bills in November due to the increase in the value of residential homes compared to non-residential properties over the past year. Single-family homes in the city have increased their assessed value by an average of 27% since April 2021. And …

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Property valuations discussed during Chatham Township meeting

CHATHAM, NJ — Beginning next month, township properties will be revalued, and township officials discussed the process at this week’s council meeting to explain why it’s necessary. At the regular Chatham Town Council meeting on Monday night, Jason Cohen of Appraisal Systems, Inc. and Therese DePierro, Tax Consultant for the Town of Chatham, provided an …

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Crumbling Commercial Property Valuations and Sales Signal Imminent Downturn

UK commercial property market valuations are falling at their fastest pace since the Brexit vote and trading is grinding to a halt, in early indications that higher interest rates could push the market into a prolonged recession. According to index provider MSCI, UK commercial property values ​​fell 2.6% last month, the biggest monthly decline since …

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Pay up, Buttercup: No end in sight for property valuations

When Emily Joseph bought her first home, in Kidd Springs Park Earlier this year, he expected the annual property tax to be about $4,000, based on 2019 valuations. But when he closed in May, the annual tax had doubled to about $8,000, adding $300 more than expected to his monthly house payment. “I didn’t think …

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