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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

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