Assessor: net assessed value up about $568 million (5.23%); state ballot measures could alter reimbursements

Mike Horst, the county assessor (presenting the September supplemental), reported a net assessed valuation change of $567,739,875 — a 5.23% increase from the prior tax roll. He walked members through the real estate, personal and public service categories and flagged new downtown TIFs and other increments that affect the tax roll.

Horst said two state ballot measures could affect future collections: a summer question that would change reimbursement rules for a five‑year manufacturing exemption and a November measure that would modify caps on non‑homestead and homestead/ag properties (examples: moving some caps from 5% to 4% and from 3% to 1.75% for homesteaded/ag properties). He cautioned the county could see material changes to reimbursements depending on how the legislature implements manufacturing exemption reimbursements and how the caps are adopted.