Assessment Practices Survey Report Released for Lake County


NR# 60-K
Date: December 11, 2001
Customer and Taxpayer Services Division

Assessment Practices Survey Report Released for Lake County

The Board of Equalization (BOE) today released an assessment practices survey report on Lake County, announced Johan Klehs, Member, BOE.

Once every five years, the BOE conducts a review of each county's property tax assessment functions to determine whether properties are being assessed properly and to identify areas where improvements should be made. Issued as an "Assessment Practices Survey," the report provides an overview of how the assessor performs his duties and includes recommendations to correct assessment deficiencies and improve compliance with state law.

The BOE found that most properties in Lake County are being assessed properly, and the overall quality of the assessment roll meets the minimum standards required by the state to qualify for augmentation funds. However, the report provides 27 recommendations to improve the effectiveness of the assessor's operations. They include:

  • Reassess taxable possessory interests when they change ownership.
  • Adjust mineral property base year values for depletion.
  • Timely complete all mandatory audits.

The review focused on the quality of the 1999-2000 Lake County assessment roll, which contained 81,713 assessments having a total enrolled value of $3.296 billion.

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Note: A copy of the Lake County Assessment Practices Survey Report is available upon request.