Madison County Assessor certifies property valuations
NORFOLK - The Madison County Assessor is providing more information on the valuation of property in Madison County. Jeff Hackerott says the total valuation for Madison County is a little more than 2-billion-991-thousand-dollars. Hackerott says that is about $240-million more than last year. Of that increase, a little more than $14-million is related to new construction. The rest comes from changes in valuation on existing structures and property. For the city of Norfolk, total valuation is $1.2-million, an increase of about $13-million from last year. Hackerott says $7-million of the valuation increase in Norfolk is from new construction. Hackerott certified the valuations earlier this week, paving the way for government subdivisions to set their tax levies for the coming year.