YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Officials with the Greene County assessor's office say the area has seen a "substantial increase" in property values since the last time the office was required to revalue local real estate.
The assessor's office is sending multiple mailings to property owners who have seen an increase in their property values since Jan. 1, 2021, according to a news release. State law requires the assessor's office to revalue all real estate property in the county as of Jan. 1 on odd-numbered years.
"In the past two years, Greene County has had a substantial increase in the residential real estate market," officials said in the release. "Some of the contributing factors include high demand and low supply, recovery from COVID, purchases by real estate investment companies, low interest rates and the high desirability to relocate to the Springfield metropolitan area."
In Greene County, the tax is 19% of the assessed value of residential properties, according to GreeneCountyMo.gov.
The release did not provide an estimate of how many residential property owners would see increases.
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Received a 4% Raise from my employer, and got home to see that my property value increased. My new home payment equals my 4% raise..... still among the working poor. Happy to have a home... but just can't get ahead or increase any savings.