The Citizens' Revaluation Advisory Committee (CRAC) met September 25 to get a status update on the review of the 2011 Revaluation from independent reviewer Pearson’s Appraisal Service.
Pearson’s was hired by the County at the direction of the Board of County Commissioners after some property owners complained about the process and fairness of the 2011 Property Revaluation. Pearson’s began its work in August and is about a third of the way through its 16-week review. Pearson’s has completed the initial round of public meetings, listening to homeowners from each of the County’s six commissioner districts. They have also completed a review of a random sampling of neighborhoods for equity issues. It is in the process of reviewing records of neighborhoods that had the highest increases in land values and are in the middle of reviewing a sampling of property record cards. Pearson’s will conduct a second round of public meetings in November to communicate findings and preliminary recommendations. Once the new public meetings are complete, Pearson’s will make its final recommendations to the Board of County Commissioners.
The Citizens' Revaluation Advisory Committee is made up of commercial and residential real estate professionals. The Board wanted CRAC to provide input and feedback to Pearson’s during the review process to ensure Pearson's work is consistent with the project scope of work.