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05-03-2021 Council Work Session Packet
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05-03-2021 Council Work Session Packet
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11/4/2021 10:53:20 AM
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11/4/2021 9:07:24 AM
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City Council
Council Document Type
Council Packet
Meeting Date
05/03/2021
Council Meeting Type
Work Session Regular
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Anoka County City of Lino Lakes <br />8 <br /> <br /> 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 2020 assessment which was used for tax calculations this year (2021) was based on transactions that closed between October 1, 2018 and September 30, 2019. Property owners were notified of their 2020 value on their Notice of Valuation and Classification (also referred to as a valuation notice). The notices were mailed out in April of 2020 in the same envelope as the tax statement. The appeals process took place at the municipal level during the month of April of 2020 and at the county level in June of 2020. At this point, if a property owner wishes to appeal their 2020 assessment (for taxes payable 2021) their only option is to file a tax court petition. This must be done no later than April 30, 2021. The 2021assessment was completed in February and the valuation notices were mailed the week of March 29th. The 2021 assessed value will be used for tax calculation purposes next year. The sales period associated with this assessment is October 1, 2019 thru September 30, 2020. As with past assessments, the local appeals process will begin in April and finish up in June. 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 2021 assessment, the first thing they should do is contact their local assessor. The phone numbers are listed on their valuation notice. Please note that only arms-length sales that closed between October 1, 2019 and September 30, 2020 have been used to determine valuations for the 2021 assessment, for taxes payable in 2022. The following chart may be helpful in following the timeline of your assessment: <br />SALES PERIOD ASSESSMENT DATE TAX YEAR <br /> <br />October 1, 2017 <br />to January 2, 2019 2020 <br />September 30, 2018 <br /> <br />October 1, 2018 <br />to January 2, 2020 2021 <br />September 30, 2019 <br /> <br />October 1, 2019 <br />to January 2, 2021 2022 <br />September 30, 2020
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