Residential property valuations in Lyon County saw the smallest increase since 2003.
Gary Post, Lyon County appraiser, presented valuation information to Lyon County commissioners during Wednesday’s Lyon County commission study session. There was a 5 percent increase in residential values from 2006 to 2007.
“This includes new construction,” Post told commissioners. “I want to caution you that these numbers have not been subjected to property owners yet. These are not certified numbers that I want you building your budget on.”
Post said that agricultural land is down 7 percent but agricultural houses or rural farmsteads are up almost 7 percent.
“This is a combination of several things,” Post said. “People like to live in the country and therefore there is a demand... The prices that people are willing to pay make me nervous. Therefore you are seeing a higher increase than you are in the cities.”