LINCOLN, Neb. (KOLN) – The real-estate market in Lincoln has been a strong seller’s market for years now. As homes are being snapped up in just day, often over the asking price.
Because of these factors, and more, the Lancaster County Assessor’s Office said it’s waiting a year to revalue some property.
Waiting for 2023 when they can get a more accurate picture of what things are actually worth. Last year, many homeowners in Lincoln saw their property values jump sharply, even during the pandemic. The County Assessor, Rob Ogden, said things like interest rates and that seller’s market will likely continue to push prices up, but many won’t see a change on this year’s assessment.
Starting on June 1, single-family homeowners will likely be in for no surprises. As the County Assessor’s Office said, many valuations won’t be going up for 2022, which is good news when it comes to paying property taxes.
A few exceptions to that are new builds…