•November 27, 2019•
As CCAO Lori Barringer’s role is to make sure that the value of residential, commercial and industrial properties is at 33.33% of Fair Market Value.
Market value is set by those who purchased property over the past 3 years.
Therefore, 2019 values are based on 2016, 2017 & 2018 sales.
What if property doesn’t sell; how do I determine values? The Replacement Cost New, minus depreciation, plus land values.
“We do this by utilizing a mass appraisal system (Vanguard)” Barringer explained.
Moultrie County has been using Vanguard since 2011 for Commercial & Industrial Properties.     Login or Subscribe to read the rest of this story.