Published On: Wed, Sep 13th, 2017

Cedar County sees a rare decrease in valuation

HARTINGTON — Valuation of Cedar County property went down this year for only the third time in the past 30 years.
Newly released figures for Cedar County show the County’s valuation went down from $2.691 billion in 2016 to $2.618 billion this year.
County valuation figures are used each year to help the County and other taxing entities determine where to set their mill levy.
The $73 million valuation decrease can mainly be attributed to a couple of factors, said Cedar County Clerk Dave Dowling, who prepares Cedar County’s budget each year for Cedar County Commissioners.
Dowling said a decline in the price of ag land sales in the southern portion of the county is the main factor for the decrease.
The natural depreciation of the TransCanada pipeline, which runs through the county, and railroad property in the county are also factors for the $73 million decrease, he said.

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