Busy housing market contributes to assessment jump for many property owners
SHERIDAN — The Sheridan County Assessor’s Office is generally a quiet place, but in 2007 and 2008 — at the peak of the housing boom in the country — it was a different story.
“2008 was the last time we saw the housing market going crazy,” Sheridan County Assessor Paul Fall said. “Interest rates had really dropped, and it was the peak of the market with 407 sales and an average sales price around $246,000 in Sheridan County. We had people lined up down the hall to protest their assessments that year.”
But as crazy as 2008 was, Fall is expecting reactions to 2021’s assessment schedules, or estimated property values for 2021, to bring more people to his office than ever before.
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