The County Assessor's office has provided me with some information regarding assessed real estate values in The NACS School district from the last several years.
I am not yet ready to comment on them as I have to perform some more research.
I have added a column to see what has happened to the rate changed over the last few years.
I had to convert the data so that we are comparing "apples" to "apples."
The way that property values are assessed has been changed. In the 98/99, 99/00, and 00/01 school years the properties were assessed at 1/3 of market value. So to compensate for this I multiplied the assessed value x 3 and I divided the listed tax rate by 3.
The large jump in the 02/03 year is due to the Statewide Re-assessment.
So after converting the data we have:
Year Net Certified Assessed Value NWACS Tax Rate Actual change to rate
98/99 609,914,310 1.7672% Base year
99/00 656,707,890 1.9419% 9.9% increase
00/01 706,799,505 1.9334% .44% decrease
01/02 772,206,070 1.9861% 2.7% increase
02/03 1,327,467,230 1.2078% 64.4% decrease REASSESSMENT
03/04 1,405,832,860 1.4693% 17.8% increase
04/05 1,518,265,180 1.4726% 2.2% increase
05/06 1,617,393,440 Unknown, Mike is guessing 1.6788%
What this means is the net assessed value in The Northwest Allen County School district has increased by over 165% since the 98/99 school year.