There's more to it than that... theres a big uproar in Jackson County right now. We have a home there we purchased in 2020 when everything started exploding... We have 7 acres and its a nice 2,300 sq ft. home. The place sold for $325,000 in 2017... We purchased it for $425k in 2021.. so obviously taxes are going up on it... Sure enough 2022 assesment came and Jackson county valued our house at $450k... all sounds normal to this point. No complaints.
Fast forward to this year. Got the 2023 assessment last week.... Jackson County now values my house at $725,000!
To be clear, I don't live in a 3-quarter of a million dollar home. If I did I'd sell tomorrow, pocket the profit, and move into one of our rental places and ride things out... In reality the home might be worth a little more than I paid for it based on the market maybe $500k tops. The market did go up a little after we purchased but we bought pretty close to the top.
We'll appeal.... thousands others in Jackson county are. This story is pretty much the norm across the county with assessments going out this week. Jackson County canceled the County Commissioners meeting Monday in the wake of the uproar and will reschedule when they figure out how to address things.