Print this ArticlePrint this Article Email this ArticleEmail this Article
Text Size: A | A | A

Property taxes increase as real estate market improves

 Posted: 2:50 PM October 22, 2013

Many homeowners in the county will get a surprise this year as a rebounding real estate market produces a rise in property taxes.

About 15 percent of the properties in Jackson County will see an increase beyond 3 percent when tax statements go out in November.

House prices dropped over the past few years, pushing down taxes.

"Now, they're going back up," said county Assessor Joshua Gibson.

Now that house prices have bounced back, the property taxes can rise beyond the usual limit of 3 percent annually. In some cases, property taxes will increase by 8 percent to catch up, Gibson said.

— Damian Mann


Reader Reaction
We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Rules. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or fill out this form. New comments are only accepted for two weeks from the date of publication.
COUPON OF THE WEEK