Bay County Value Adjustment Board cuts assessments

by April 26, 2008 • 1 comment

The Bay County VAB, or Value Adjustment Board, reviewed just under 600 properties and cut assessments on many. Some were cut by percentages, others by who dollar amounts, and some individually and others whole areas. Bid-A-Wee Beach, for example, received lower assessments on all 521 properties with 15% cut for properties closer to the water and the rest of the subdivision received 10% cuts.

Not every case heard received cuts, most assessment cuts were based on 2007 sales numbers, which more accurately reflected current market values.

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1 Comment


1 Edw Mackus May 5, 2008 at 2:19 pm

I spoke to the county assessor`s office. The spenders
will still have monies to spend next year. I was told
that they use LAST year`s sales for tax assessments.
Even though this year`s properties have been sold for less than last year`s assessed value you can only use
last year`s sales when asking for reassessments.
Only the politicians will dream up ways to raise more
monies to spend.