More St. Joseph County residents than ever may appeal the reassessments of their homes this year, after more than 60% of all properties in the county saw their assessed values rise amid a red-hot real estate market.
Property owners in the county last month began receiving notices of their latest reassessments, which will be used to calculate property taxes due in 2022.
County Assessor Rosemary Mandrici said the assessed values increased for 62% of the county’s 118,000 properties, up from the 58% that had higher assessments last year.
Fewer properties, about 17%, had their assessments decrease, while 21% stayed the same.
“The market has been extremely vibrant this go-round,” Mandrici said. “Realtors are saying there’s not enough inventory, so it’s definitely a seller’s market out there.”
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