State approves property valuations for Douglas County
When a local tax issue starts hitting the national press, there are issues. From The Washington Times:
OMAHA, Neb. (AP) - The state has approved property valuations for Douglas County that were adjusted after an initial outcry.
Assessor/Register of Deeds Diane Battiato (bah-tee-AH’-toh) was flooded with complaints since preliminary evaluations for 2017 were posted in January. She explained that her office was catching up with a hot real estate market and with properties that had not been reassessed in years.
But last month she submitted lowered figures to the state Tax Equalization and Review Commission, aiming at a median value of 93 percent of market value, within the state-required 92 to 100 percent.
The Omaha World-Herald (http://bit.ly/2qo3I9s ) reports that the commission has approved the figures, which property owners can still protest after they receive their notices from the county. The notices must be mailed on or before June 1.
Information from: Omaha World-Herald, http://www.omaha.com
Smith Slusky Law is home to an outstanding team of Commercial Real Estate lawyers, including Shaun James.
Shaun has focused her legal career in a number of commercial real estate areas and her successes last year with property tax valuation are noteworthy.
Here’s a partial rundown of her work last year:
214 protests filed on behalf of clients in 7 Nebraska counties
Total original assessed valuations $180,171,581
Reductions received $35,669,260
Nebraska property taxes average 2% to 2.3%
At average of 2.15%, the total tax savings to our clients prior to filing appeals to the Tax Equalization & Review Commission, is $766,890
If you are seeking assistance with the recent Douglas County commercial or residential valuations, give the team at Smith Slusky a call.