The Board of County Commissioners will be briefed Tuesday, June 19 about the challenges of conducting another revaluation in either 2014 or 2015. The Assessor’s Office has reviewed the positives and negatives. The Assessor indicates the challenges come in four categories:
Staffing and other resources available - Based on the need for staff to participate in and support the current appeals process, current staffing levels cannot implement a revaluation in 2014 or 2015.
Cost - Considering the challenge associated with the availability of existing resources, strong consideration should be given to outsourcing a revaluation in 2014 or 2015. Informal estimates provided by private companies indicate that it would cost approximately $10 million.
Inconsistent with revaluation purpose and standards - Although conducting a revaluation in 2014 or 2015 may result in changes to some assessed values based on changes in the market, there is little to no evidence that the revaluation will increase equity.
Unrealistic expectations creating additional public anger and distrust - It is highly likely that property owners would be further frustrated, confused, and angry about the revaluation outcome, exacerbating distrust and its associated outcry. It would result in a costly effort that achieves very little in terms of desired results about equity, affordability and public confidence.