Published On: Fri, Jun 9th, 2017

Valuation notices showing up in mail boxes

WAUSA — Knox County valuations, for tax purposes, are in place for 2017.
Just over 7,475 valuation notices were mailed out to property owners on May 30 according to Knox County Assessor Monica McManigal.
“Notices are mailed out if there is a change in the valuation – whether it goes up or down,” McManigal said.
Valuations for tax purposes are based on the selling price of property. Eighty-six agriculture sales from across the county were looked at to set the 2017 valuations.
State law mandates the assessed value on property must fall within a range which is established by the Legislature. Sales from the three previous years are used to set the valuations on Ag properties for tax purposes.
“The cut-off date was Sept. 30 2016 and then back three years,” McManigal said.
Sales from farmland in bordering counties can also be used if there is a shortage of sales.

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