Assessed property valuation determines the value of a residence for tax purposes and takes comparable home sales and inspections into consideration for that figure. That figure could be down this year in Geary County.

The property valuation is the price placed on a home in the community to calculate property taxes.

Final numbers are not yet in, but Junction City Manager Allen Dinkel said that a decrease in the assessed property valuation is likely.

“I think it’s going to go down two to three percent – I’m not going to speculate on any reasons on how it went down,” said Dinkel. “We deal with the number we get, we can’t change that number.”

Dinkel noted that the valuation is a number that he gets from the County.

If a decrease were to occur, it could result in decreased funding from the property tax mil levy in the amount of $160,000 if the levy remains the same for 2018.

Again, the final numbers have not yet been released.