Macon property tax revaluations postponed
FRANKLIN–Citing the current economic downturn and resulting instability in the real estate market, Macon County tax assessor Richard Lightner asked the county’s board of commissioners to postpone property revaluations for two years. They agreed, in a unanimous vote.
Read Colin McCandless’s story for the Franklin Press here.
Here’s a quote from Lightner:
“The market’s real unstable right now,” Lightner said. “There’s a lot of stuff listed for sale. Sales are slower than in the past. So you really just don’t have the marketability.
“Basically, the numbers say we shouldn’t do a reval right now.”
Tags: Colin McCandless, economic downturn, Franklin, Franklin Press, Macon County, real estate
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