Total Property Valuation Drops, in Gage County

BEATRICE – Gage County’s total real property valuation for this year has declined, by 1.83%, according to figures released by the Nebraska Department of Revenue.

Excluding growth, that decrease is 2.74%.

Gage County Assessor Patti Milligan released figures today showing that the median value of residential property in the county is 95%, while commercial property has a median value of 99%.

The median for agricultural land checked in at 70%.   The median figures are within ranges prescribed in state law.

Recently, notices were mailed out to property owners whose valuations changed, either by an increase or a decrease.  Property owners are encouraged to meet with the assessor, if they have questions.

:14                  “the market’s doin”

Total ag land valuation declined by 7.6%, but residential valuations increased 7.19%.   Commercial property increased by 4.61%.

Few protests have been filed, so far.  Property owners have the month of June to file a protest of their valuation.  They are then considered by the county’s board of equalization, in July.

According to Nebraska Revenue Department figures for other area counties, total real property valuation….

  • Decreased in Jefferson County, 2.81%
  • Increased in Johnson County by .44%
  • Increased in Pawnee County, 1.57%
  • Decreased in Saline County, 1.44%

Three of the biggest increases came in Sarpy, Douglas and Lancaster Counties….9%….8.38%….and 7.24%, respectively.

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