The total City Taxable Property is tentatively assessed at $294,419,383, declining $1,735,181 from last year when the total city assessed property was $296,154,564. The decline is a combination of city settlements reducing assessments on tax certioraris and the state set equalization rate. School Taxable Property is figured at $281,952,580. City Taxable Property, $281,952,580.

According to Jacqueline Mackin of the City School District Business Office, the School Taxable property Past year was $298,126,000. Mackin said the tax rate is determined by the total of the City Taxable Property Assessment Roll, and the school district taxes different segments of the roll than the city does. Mackin said the School District never gets the total assessment figure until March.

The City Tentative Total Assessment Roll at this point continues its decline from $318,804,180 in 2002-03, a five year total decline in assessments of $24.3 Million.

Since 1991 total assessed value in the city was $433,240,91& As of today, prior to the city settling assessment challenges in the next two weeks, there has been a decline of $138.9 Million in assessed value, while full valuation of property has risen from $3.7 Billion in 1991 to $8.5 Billion in 2006.

According to a Legal Notice, The City Board of Assessment Review will meet January 22 from 3 to 5 PM and 7 to 9 PM to “hear complaints in relation to assessments of real property in the Assessor’s Office.” The Tentative Tax Roll is available for review as well as individual property assessments on the public computer until that date in the Assessor’s Office.

It is too early to lock in the assessed value until the Board & Assessment Review reviews expected challenges.