This report presents the analysis and associated conclusions with regard to property valuations within Jefferson County for the 1997 tax year. By law, these valuations are based on the tax status date of June 30, 1996. The complete analysis, including frequency distributions of ratios by class, plots of 1997 assessed value verses the sales price, ratio results, and stratification of results in single-family class has been appended to this report. No significant differences between the change in assessed value for sold parcels and the change in assessed value for comparable unsold parcels in any classes were identified. The agricultural land in Jefferson County was classified before a soil survey was published.
Aerial photos are in the assessor's office.
The land classification is broad without adequate detail to accurately reflect variations in productivity between parcels. Grazing land is appropriately classified by carrying capacity with the aid of SCS Range Site Maps and Range Site Descriptions. The lease terms used accurately reflect land use in the County. There are few acres of wheat and irrigated hay and an accurate reporting system is not availalbe. Commodity prices, expense items, and capitalization rate specified by the DPT were used.