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Pulaski to have reassessments re-analyzed

In order to answer once and for all whether the recent reassessment was performed accurately, Pulaski County will hire someone to do a “statistical analysis” of the job.
Pulaski County Administrator Peter Huber said Tom Morelli, a former employee of the Department of Taxation, agreed to do the analysis for less than $1,000.
Wingate Appraisal Service, the firm that did the reassessment, agreed to pay half of the cost of the analysis, Huber added.
Many Pulaski County residents have complained to the Board of Supervisors about the new assessed property values since last fall. The residents believe the values are inflated and do not represent current economic conditions. They contend the reassessment was flawed and have called for the supervisors to throw it out and have another firm redo it.
County officials, however, say there is not sufficient time to do another reassessment and meet state deadlines for having one completed. They pointed out that residents of other jurisdictions have complained likewise due to drastic increases in property values in those jurisdictions too.
As a result of the increased assessments, the board recently voted to reduce the real estate tax rate from 62 cents per $100 of assessed value to 50 cents. The equalized rate, which would have resulted in the same amount of revenue as the current year, is about 47 cents.
Wingate was paid $481,038 to do the reassessment.
Pulaski County Board of Supervisors approved the final payment of $303,850.50 Monday night.

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Pulaski to have reassessments re-analyzed

In order to answer once and for all whether the recent reassessment was performed accurately, Pulaski County will hire someone to do a “statistical analysis” of the job.
Pulaski County Administrator Peter Huber said Tom Morelli, a former employee of the Department of Taxation, agreed to do the analysis for less than $1,000.
Wingate Appraisal Service, the firm that did the reassessment, agreed to pay half of the cost of the analysis, Huber added.
Many Pulaski County residents have complained to the Board of Supervisors about the new assessed property values since last fall. The residents believe the values are inflated and do not represent current economic conditions. They contend the reassessment was flawed and have called for the supervisors to throw it out and have another firm redo it.
County officials, however, say there is not sufficient time to do another reassessment and meet state deadlines for having one completed. They pointed out that residents of other jurisdictions have complained likewise due to drastic increases in property values in those jurisdictions too.
As a result of the increased assessments, the board recently voted to reduce the real estate tax rate from 62 cents per $100 of assessed value to 50 cents. The equalized rate, which would have resulted in the same amount of revenue as the current year, is about 47 cents.
Wingate was paid $481,038 to do the reassessment.
Pulaski County Board of Supervisors approved the final payment of $303,850.50 Monday night.

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