Original predictions for Macon County’s property tax revaluation reported that the average homeowner in Macon County would experience an estimated 20 percent decline in property value. With the process wrapping up and the Macon County tax office finalizing information, County Manager Derek Roland is reporting that homeowners won’t be taking as big of a hit as expected.
“Revaluation results currently are showing around a 14 percent decline in property values in the aggregate,” said Roland. “At the beginning of the budget year we were expecting this percentage to be as high as 20 percent, but as the economy has continued to recover during this time period, our tax base values have shown improvement as well.”
During an address at the League of Women Voters forum, Roland reported that the revaluation is on track to be completed this month and county tax administrator Richard Lightner will be presenting to the board in December the final results.