Feb
01

Oconee County Considers Having a Private Firm Handle Reassessment of Property Values

By

– UpstateToday.com

On Friday, no one in the county readily knew how much it would cost taxpayers to hire an outside group to perform the duties normally handled by the Assessor’s Office, which operates on a budget of almost $1.3 million.

“I couldn’t tell you that because, frankly, I don’t know,” County Council Chairman Reg Dexter said.

Dexter said answers could be forthcoming at Tuesday’s County Council meeting during the Administrator’s Report.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.upstatetoday.com/news/2010/jan/30/cost-outsourcing-reassessment-still-mystery/
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BLOG NOTE:
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I find this very interesting, and to my knowledge, this hasn’t been done in South Carolina before (at least not in recent years). Having worked as an appraiser at an assessor’s office in a prior life (24 years ago), I have several thoughts on how this might work. Depending on the firm chosen, I could see more accurate appraisals being done, especially for commercial properties. The smaller counties just do not have access to the regional comparable data that is needed. The benefits of outsourcing the residential valuations may not be worth the expense, as most of the data used is local anyway. Oconee County should probably look into outsourcing the commercial property valuations only……
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Michael Dodds, MAI, CCIM, MRICS

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