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Crow Wing County reports assessed property values drop by $620 million

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Crow Wing County property values decreased by $620 million, according to a the latest data released by the county’s assessment office.

But lower assessments don’t necessarily translate to lower taxes. Last year, the 2011 assessment decreased by $820 million. Total assessed value of all properties in the county declined from $10.43 billion as of Jan. 2, 2011, to $9.8 billion on Jan. 2, 2012, according to the county’s 2012 assessment.

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