Mar
01

Aiken County Property Owners Brace for Reassessment Notices

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taxes4With 2016 being a property tax reassessment year, Aiken County Tax Assessor Rick Jantzen hopes to be able to make the assessment process as simple as possible for residents.

“Tax reassessments are a very impassioned exercise,” Jantzen said. “By the time the property owner contacts us, in the event of an appeal, he is pretty upset about what he’s received as his bill.”

A reassessment is the process of redetermining the value of a parcel of real estate for property tax purposes, Jantzen said.

This year will be Aiken County’s seventh reassessment since its first in 1982. Property tax reassessments have occurred every five years since 1995 when the tax statutes changed. A property’s tax value is limited to a 15 percent increase over the last reassessment, which occurred in 2011.

Since that time, according to Jantzen, the median sales price of single family residence is up 10.8 percent in Aiken County. And since 2010, the median sales price of all Aiken County property sales has increased 4.1 percent, from $120,000 to $124,900.

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Categories : Aiken

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