Cedar County Assessor Dan Lett and his staff are trying to figure out how many properties have been listed with incorrect values in the county’s computer system.
Lett said his staff has corrected eight incorrect valuations since property tax statements were mailed in September. He said the discrepancies involve only properties that have been transferred, but he’s not sure how far back the problem goes.
“The longevity of these issues are still unknown but we are are also currently looking into that as well,” Lett wrote in an email.
The problem affects only properties that have been transferred, but not all of them, Lett wrote. The inaccuracies include both over-valued and undervalued properties.
Lett said he’s hiring new staff to research property records and correct inaccurate valuations. He said the problem won’t affect county property tax revenue.
Residents who overpaid property taxes can receive a refund, including fees and penalties, if a claim is filed within two years. Appeals may be filed with the board of supervisors or board of review or the state tax review board.