Boone County Residents Challenge Rising Property Taxes

The Boone County Equalization Board has begun holding meetings to address concerns from property owners facing increased tax burdens. With the county assessor's office estimating that approximately 18,000 of the area's 29,000 parcels will see tax hikes, the board expects a high volume of appeals.

While the assessor's office performs appraisals in-house, Boone County contracted the Total Assessments Solutions Corporation (TASC) in November 2021 to serve as the appraisal manager. TASC is responsible for supervising methodology and ensuring all reappraisals meet state quality standards.

During the initial hearings, some residents reported drastic valuation jumps, including one instance of an 89% increase. To seek redress, property owners are encouraged to first contact the assessor's office. If the issue remains unresolved, the owner may schedule a formal hearing with the Equalization Board.

At these hearings, property owners present evidence to prove their property has been overvalued. Common arguments include providing more accurate "comparable" sales from nearby properties or pointing out errors regarding property improvements. The assessor and a TASC representative also present their findings. Following the testimony, the board deliberates - which may include a physical site visit - and mails a final decision to the owner within ten days.

Property owners have until August 17 to contact the assessor's office at (870) 741-3783 to dispute their reappraisals. The board will continue to hold hearings until all challenges are resolved.

In accordance with the Freedom of Information Act, these proceedings are open to the public. The next meeting is scheduled for August 11 at 9:30 a.m. at the Office of Emergency Management building.

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