The Rockford City Council, at its April 9 meeting, conducted a Local Board of Appeal and Equalization hearing.
The purpose of the hearing is to allow property owners within the City of Rockford the opportunity to find out how their assessed property taxes, payable in 2013, are determined by county assessors, as well as a forum to ask questions about proposed property values and request a review of a specific property if questions, or concerns, remain regarding the original assessment.
Values for the 2013 assessment are reached using a Department of Revenue sales ratio study conducted from Oct. 2011 through Sept. 2012.
Using qualified sales, Wright County Assessors determined the median sale price of residential property in Rockford (Wright County) for taxes payable in 2013 is $187,500. Although residential property values have remained under the 2010 median price of $225,500, this category had a similar bump from $177,400 in 2011 to $182,000 in 2012.
The overall residential value assessment for 2013 is $155,395,800, representing a 2.87% increase over 2012’s value of $150,410,400. $663,300 was in was in new construction.
Commercial/Industrial value in Rockford (Wright County) saw a slight decline from the 2012 assessment, from $27,227,200 to $26,865,000, or minus 1.3%.
There were no public comments, or requests for reevaluation, during the hearing.
City Administrator Nancy Carswell reported to the council that staff was receiving an increase in inquiries about commercial properties available within the city; an update to be presented at the city’s April 23 special HRA meeting.
The council will also be reviewing the financial impact of the city’s proposed 2030 capital improvement plan and the Event Center Project, with updated projected operating costs and rental revenue included for consideration at a council workshop on April 17.
Carswell also informed the council that recent efforts by the Crop River Food Cooperative to reach area residents, including a breakfast event, have netted additional members bring the total to over 120 to date. Momentum seems to growing with awareness, she said, but more members are needed to open the cooperative grocer.
And, proposals for engineering services for the city have come in and are being reviewed. The proposals, six in total, include one from the city’s current engineering firm, Stantec. Interviews may begin later this month.
The weekend of May 4/5 will be a busy one for Rockford. Saturday, May 4, is the citywide cleanup event in which residents can drop off refuse for a nominal fee. May 5 includes the Rockford Fire Department’s annual pancake breakfast and the Thousand Hearts Day of Service (volunteer improvement projects and services will be set up throughout the city and neighboring Crow River Communities.) Former Rockford Mayor Mike Beyer displayed a quilt his wife, Christina Beyer, made to be raffled at the fire department’s breakfast event as well as his own woodworking pieces.
The next regular meeting of the Rockford City Council is Tuesday, April 23, at 7 p.m. at the Rockford City Hall, 6031 Main St.