05-08-2023 City Council Packet - Laserfiche WebLink

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Anoka County City of Lino Lakes 8 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 2022 assessment which was used for tax calculations this year (2023) was based on transactions that closed between October 1st, 2020 and September 30th, 2021. Property owners were notified of their 2022 value on their Notice of Valuation and Classification (also referred to as a valuation notice). The notices were mailed out in March of 2022 in the same envelope as the tax statement. The appeals process took place at the municipal level during the month of April of 2022 and at the county level in June of 2022. At this point, if a property owner wishes to appeal their 2022 assessment (for taxes payable 2023) their only option is to file a tax court petition. This must be done no later than April 30th, 2023. The 2023 assessment was completed in February and the valuation notices were mailed the week of March 20th. The 2023 assessed value will be used for tax calculation purposes next year. The sales period associated with this assessment is October 1st, 2021 thru September 30th, 2022. 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 2023 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 1st, 2021 and September 30th, 2022 have been used to determine valuations for the 2023 assessment, for taxes payable in 2024. The following chart may be helpful in following the timeline of your assessment: SALES PERIOD ASSESSMENT DATE TAX YEAR October 1, 2019 to January 2, 2021 2022 September 30, 2020 October 1, 2020 to January 2, 2022 2023 September 30, 2021 October 1, 2021 to January 2, 2023 2024 September 30, 2022