Technology changing the process of how PVA's reassess property values
06/24/2015 03:49 PM
FRANKFORT – New technology is allowing some Property Valuation Administrators to do property assessments in a quicker and more efficient matter.
Pictometry is a program which allows county assessors to use software which compares current aerial photographs of properties with photos from previous flyovers to determine and additions to the property which would change the values of those properties.
Jefferson County PVA Tony Lindauer, who uses the program, told members of the Interim Joint Committee on Local Government on Wednesday that the program costs his office $30,000 a year to operate, but finds that it is efficient and could save taxpayers money in the long run.
Currently, 56 counties in the commonwealth use the program in some capacity.
Lindauer would like to see the General Assembly provide the means for all 120 counties to use the system.
“It would take a financial burden off of me that I could put into other technology and use those resources elsewhere,” Lindauer said.
Co-chair Rep. Steve Riggs, D-Louisville, agrees that it’s an effective took to evaluate properties but said that it’s up to the PVA’s in the counties to find ways to finance the program for their own needs.
“They need to put that in their budget if they think it’s important enough,” Riggs said. “They need to apply for grants or talk to their own lawmaker about getting some help with it.”
There has been concern about huge spikes, in some cases, in property assessments in Jefferson County.
In revitalized areas where properties are selling at two or three times what they were 20 years ago which means steep increases in assessments.
Lindauer defended the spikes saying that, by law, his office is required to value each property at 100 percent of fair cash value.
“Through our remapping and coupled with the sales that are going on and have soared, all I do is reflect what is going on in the market,” Lindauer said.
Riggs admits that it’s good and bad news for property owners in the “hot property” districts.
“I’ve had calls from people whose houses haven’t changed, who say I wish I was in their shoes, I wish my house went from $150,000 to $300,000, because I’d be worth a whole lot more money now,” Riggs said. “So it kind of depends on who you talk to.”
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