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Anoka County City of Lino Lakes 4 As part of this mass appraisal process, all properties are re -valued annually based on the information on record. Properties are physically inspected and property records reviewed once every 5 years (as statutorily required). This is an ongoing process whereby 20% of a city is inspected each year so that in a cycle of 5 years all proper ties have been inspected at least once. In addition to this quintile review, properties are also inspected when there is a building permit issued or at the request of the property owner. The sale of a property does not initiate a reassessment. As stated earlier, Minnesota state law governs the assessment date, which is January 2nd of each year, as well as the sales periods associated with each assessment date. The 20 1 2 assessment which was used for tax calculations this year (20 1 3 ) was based on transact ions that closed between October 1, 20 10 and September 30, 20 1 1 . Property owners were notified of their 20 1 2 value on their Notice of Valuation and Classification (also referred to as a valuation notice ). The notices were mailed out in March of 20 1 2 in t he same envelope as the 20 1 2 tax statement. The appeals process took place at the municipal level during the month of April of 201 2 and at the county level in June of 201 2 . At this point, if a property owner wishes to appeal their 20 1 2 assessment (for ta xes payable 20 1 3 ) their only option is to file a tax court petition. This must be done no later than April 30, 20 1 3 . The 20 1 3 assessment has just been completed and the valuation notices w ere mailed the week of March 22nd . This is the assessment that will be used for tax calculations next year for taxes payable in 201 4 . The sales period associated with this assessment is October 1, 20 1 1 thru September 30, 20 1 2 . As with past assessments, the local appeals process will begin in April and finish up in J une. The options and requirements to appeal this assessment are listed on the back of the valuation notice . If a property owner has an issue with their 20 1 3 assessment , the first thing they should do is contact their local assessor. The phone numbers ar e listed on their notice of valuation . In conclusion, a ll arms -length sales that closed between October 1, 20 1 1 and September 30, 20 1 2 have b e e n used to determine valuatio ns for the 20 1 3 assessment, for tax es payable in 201 4 . And by the time you are payi ng your 1 st half real estate tax on May 15 of , 201 4 , the sales that were used to determine the estimated market value on which your taxes are based occurred somewhere be tween 19 to 31 months earlier. The following chart may be helpful in following the tim eline of your assessment. SALES PERIOD ASSESSMENT DATE TAX YEAR October 1, 2010 to January 2, 2012 2013 September 30, 2011 October 1, 2011 to January 2, 2013 2014 September 30, 2012 October 1, 2012 to January 2, 2014 2015 September 30, 2013