Hutchinson taxpayers will experience a shift in the local tax burden next fiscal year as leases on several commercial properties along the 17th Avenue corridor start to show their age.
Following reappraisals by the Reno County Appraiser’s office, commercial property values within the city dropped this year by nearly $15 million, or about 3.3%, according to data from that office.
Residential values, in contrast, went up.
(Read more: Local – The Hutchinson News)