Assessed Value Has Grown Through Years - The Missourian: Local News

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Assessed Value Has Grown Through Years

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Posted: Saturday, July 20, 2013 7:30 pm

Through the years, Franklin County’s assessed property valuation has grown steadily.

In fact, since 1959 there have only been two years that it has gone down — 1984 and this year.

The county’s assessed valuation dropped by 3.87 percent this year compared to last. That is the largest drop in more than 50 years.

However, this year’s assessed value figures could still change after the Franklin Board of Equalization hearings are completed.

The assessed valuation is the percentage that property is taxed at. Residential property is taxed at 19 percent of its market value; agriculture, 12 percent; commercial/other, 32 percent.

Below is a yearly breakdown of assessed values since 1959:

1959 — $69.9 million

1960 — $72.7 million

1961 — $75.8 million

1962 — $79.5 million

1963 — $82.5 million

1964 — $86 million

1965 — $89.4 million

1966 — $93.5 million

1967 — $95 million

1968 — $100.1 million

1969 — $114.2 million

1970 — $129.3 million

1971 — $136.5 million

1972 — $142.3 million

1973 — $148.8 million

1974 — $152.7 million

1975 — $176 million

1976 — $178.4 million

1977 — $191.9 million

1978 — $203.9 million

1979 — $213.2 million

1980 — $226.4 million

1981 — $233.2 million

1982 — $243.7 million

1983 — $256.4 million

1984 — $256 million

1985 — $455.4 million

1986 — $480.1 million

1987 — $498.2 million

1988 — $517.9 million

1989 — $552.5 million

1990 — $577.9 million

1991 — $595.5 million

1992 — $622.4 million

1993 — $664.2 million

1994 — $695.3 million

1995 — $741.8 million

1996 — $788.4 million

1997 — $915.8 million

1998 — $944.6 million

1999 — $1 billion

2000 — $1.1 billion

2001 — $1.2 billion

2002 — $1.2 billion

2003 — $1.3 billion

2004 — $1.3 billion

2005 — $1.5 billion

2006 — $1.6 billion

2007 — $1.7 billion

2008 — $1.8 billion

2009 — $1.8 billion

2010 — $1.8 billion

2011 — $1.8 billion

2012 — $1.9 billion

2013 — $1.8 billion

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