Board Of Equalization Approves Tax Valuations

Jamestown (CSi) The Jamestown City Council has approved a total real estate valuation for taxes in Jamestown of $703 million.

At the Jamestown Board of Equalization Tuesday, City Assesor, Darrell Wollan said, the figure is an increase from the $650 million in valuation used for the 2013 taxes.

Wollan said the value may be lowered to $696 million when final calculations are made.

The higher valuation was mostly due to changes in the value of residential property which increased 9.9 percent.

Each mill of taxes would generate $33,000 for the city compared to about $30,000 last year.