Thursday, April 5, 2012

C.W. Property Values Down

Property values continue to decline in Crow Wing County.

County Land Services says assessed property values decreased by $620 million from 2011 to 2012.  That's an improvement from previous year,  which showed a drop of $820 million. 

The county is the process of sending out valuation and classification notices to all landowners identifying the assessed value of the property as of January 2nd, 2012.

Gary Griffin, Land Services Supervisor for property valuation said that an overall decline in value does not mean all properties have declined in value.  If comparable properties in a neighborhood sold for more, valuation will be higher.  Conversely, if similar properties fell upon sale, then valuation will be lower.

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