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Property values on the rise
City and county assessors are mailing out assessment forms about changes to property values
Posted: Apr 6, 2021 11:30 PM
Updated: Apr 6, 2021 11:42 PM
Posted By: Alex Jirgens
MASON CITY, Iowa - You may be getting a notice in the mail for a change in your property values. But why are they increasing?
City assessor Dana Shipley s office has seen a record number of sales and high prices, all within the last 12 months. The average value increased about 7% from the 2019 value, though she has seen it jump as high as 14%. Different neighborhoods sell differently. Two story home versus a single story home, brick versus frame, has it been remodeled or not? Is it on a busy highway or is it tucked away in the corner of a subdivision? There are so many factors in what people will pay.