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City approves new contract for reassessment
By Ken Anderson
News Correspondent

The Eagle River City Council approved a contract for a reassessment of all real estate and personal property in the city at its meeting last week.

Hoffman Appraisal Services of Gleason was awarded the work at a cost of $42,500 Terry Vosburgh explained the need for the new assessments.

“Currently, your (assessments) are based on 2005 values and you need to be revalued since you have properties at 113% and it’s unfair to those above 100%,” Vosburgh said. “You must realize not all properties accrue or decrease the same.”

An assessment is the value placed on a property

Tuesday, October 15, 2013 5:42 PM
Last Updated on Tuesday, October 15, 2013 5:43 PM
 

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