Some homeowners in flood-prone areas of Cass County got a jolt when they recently opened their property tax statements.
An estimated 60 to 80 properties saw steep reductions in valuations, a temporary reflection of damage and loss of use resulting from the devastating spring flood, officials said Tuesday.
The reductions in valuation ranged from $5,000 to $250,000, with properties at the top end likely to have sustained water damage on the main floor, and likely to be candidates for a buyout, said Frank Klein, Cass County assessor.
“Probably the bulk of them are from $50,000 to $100,000,” he said. He added: “It’s just a temporary value reduction.”
Flood damage lowers valuation of Cass homes
December 9, 2009