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.