Claremore Daily Progress

Government

June 26, 2013

County assessed values increase by $25M

CLAREMORE —

The Rogers County Excise Board will hear a report on a $25 million increase in the county’s assessed property values during a special meeting at 9 a.m. on Thursday in the commissioner’s meeting room.
Rogers County Assessor Scott Marsh will present the annual abstract of valuation and assessment for Rogers County.
“The assessed value has increased by $25 million this year,” Marsh said.
The $25 million increase is approximately a 4 percent increase in valuations, which is consistent with the yearly average, according to Marsh.
Assessed value is about 11 percent of the total value of properties located in Rogers County, excluding properties assessed by the State of Oklahoma, he said.
For example, companies including PSO/AEP in Oologah and AT&T are not included in that number because they are assessed at the state level, according to Marsh.
The assessment total on state assessed properties has not been released to Marsh at this time.
The final impact of the property value assessments on ad valorem revenues is not known at this time.
No formal protests of property value assessments done by Rogers County were filed this year finalizing the county assessments.
Once the state numbers are available, then the final impact on ad valorem revenues can be determined.
All public schools in Rogers County, as well as, Northeast Area VoTech, several fire districts and the general fund of Rogers County Government is directly impacted by ad valorem revenue.
Each year, the revenue of the county increases about 3 to 4 percent as assessments increase, according to county officials.
For the Rogers County commissioners, that means an increase in funds to the general fund.
In July 2012, the county commissioners reported a budget shortfall compared to the estimate of needs. The shortage was attributed to an increase in spending from the general fund not a decrease in assessments, according to officials.

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