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Anoka County City of Lino Lakes 14 A non -resident may file written objections to his/her assessment with the county assessor prior to the meeting of the Board of Appeal and Equalization. Such objections must be presented to the Boar d for consideration while it is in session. Before adjourning, the Board of Appeal and Equalization should cause the record of the official proceedings to be prepared. The law requires that the proceedings be listed on a separate form which is appended t o the assessment book. The assessments of omitted property must be listed in detail and all assessments that have been increased or decreased should be shown as prescribed in the form. After the proceedings have been completed, the record should be signe d and dated by the members of the Board of Appeal and Equalization. It is the duty of the county assessor to enter changes by Boards of Appeal and Equalization in the assessment book of each district. The Local Board of Appeal and Equalization has the op portunity of making a great contribution to the equality of all assessments of property in a district. No other agency in the assessment process has the knowledge of the property within a district that is possessed jointly by the individual members of a B oard of Appeal and Equalization. The County or State Board of Equalization cannot give the detailed attention to individual assessments that is possible in the session of the Local Board. The faithful performance of duty by the Local Board of Appeal and Equalization will make a direct contribution to the attainment of equality in meeting the costs of providing the essential services of local government. Market Value Statistic s After thorough studies of the sales in the market place are conducted, we esta blish the assessed value of all real property. During the 20 1 2 study period for the 201 3 assessment , we recorded 6,218 sales countywide of all property types . O f these sales , only 2,266 were considered "arms - length" transactions . The remaining 3,952 sal es not considered arms -length would include foreclosure sales, bank sales, sales involving government entities and sales between related parties. During the 2011 Sales Perio d the total number of transactions rose by 1,043 , or 20%. The number of non -arms -length transactions (mostly foreclosure sales) rose only 298 , or 8%. We believe that this is reflective of the recovery that we’ve been hearing about in the media. Later in the report you will see s ales analysis information for this city and for the ent ire county. This information will relate to improved residential properties only and will not include vacant land sales or sales for commercial, industrial or apartment properties. In accordance with the results of these sales studies, certain areas of th e city and certain styles and grades of homes m ay have adjusted values either lower or higher than the previous year's value. Th e new values reflect market trends during the period of October 20 1 1 thru September 20 1 2 .