The Fayette Citizen-News Page

Wednesday, June 27, 2001

Tax assessments are here

You should get your tax assessment notice in the mail this week if you haven't gotten it already.

County assessors have reassessed the value of 33,554 parcels and assigned value to 2,319 new parcels and sent out notices June 29, said chief assessor Ellen Mills.

The overall value of real estate in Fayette rose by $739.05 million, a little over 8 percent, compared to last year, with almost half of that increase, $321.05 million, attributed to new properties.

Because of the reassessments, most Fayette residents will see their property taxes increase this year if the rate of taxation remains the same. County commissioners will use the assessment figures to decide the tax rate later this summer, before tax bills go out in the fall.

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