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Assessed Vigo Property Values Down, Less Money For Government


Property values inVigoCountyare down and that can have a big financial impact on local government.


The assessed value for real property has dropped more than $300 million, or 7.5 percent, with the largest drop hitting the city of Terre Haute. That kind of a drop in assessed value could result in the city losing between $2 million and $3 million in revenue next year.Officials with the Indiana Department of Local Government Finance have recommended that municipalities and other taxing units in Vigo County configure their 2013 budgets on about 20 percent less revenue in anticipation of lower assessments.The Taxpayers Association of Vigo County has said the city will have to consider some options and new ideas to be able to keep paying for services such as police and fire protection.Charging for trash service is another idea that seems to be generating more talk.