The assessed valuation of Pottawatomie County increased by about $13 million for 2013, according to figures certified last week to the county clerk’s office.
The assessed or taxable value of all property (real, utilities and personal) for 2013 is $471,581,882, an increase of $12,859,539 over last year’s valuation of $458,722,343.
Assessed property value is the baseline used by local units of government (cities, counties, school districts) in determining budgets and tax rates for the coming fiscal year.
As valuation trends upward, a lower tax levy is required to generate an equal amount of ad valorem tax revenue, and vice-versa.
The increase in assessed value for 2013, while significant, is the smallest increase in the past four years.
The county’s assessed valuation jumped $16 million in 2010, $22 million in 2011, and a whopping $47 million last year, the result of a 21.6 percent increase in state-assessed property (utilities, railroads, etc.).
The assessed value of the county’s 12 cities jumped by about $4 million with all but one city, Belvue, showing an increase for 2013. The portion of Manhattan in Pott County increased by slightly more than $2 million; Onaga, about $641,000; St. Marys, about $414,000; and Wamego, approximately $606,000.
The assessed value of the county’s 23 townships jumped by about $9 million, with all but four showing an increase for 2013. The most significant increases were in Emmett Township (about $4 million), the site of Jeffrey Energy Center, and Blue Township (about $2 million) in the southwest corner of the county.
The four primary school districts in the county also saw increases in assessed value for 2013: USD 320 Wamego, from $67,015,358 to $68,907,053; USD 321 St. Marys, from $250,156,317 to $254,277,053; USD 322 Onaga, from $17,689 to $18,438,265; and USD 323 Rock Creek, from $42,166,943 to $44,112,533.