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Anoka County City of Lino Lakes Valuation Notice Back Appealing the value or classification of your property Informal appeal options — Contact your assessor tf you have questions or disagree with the dassiica ion cr estimated market value for your property for 2012, please contact yar assessors offce first to disares your cerncems. Often your issues can be resolved at kis level. Contact information Ice yotr assessor's office is an the otter side of his notice. Sane jurisdctions choose to hold open book meetings to allay property owners to discuss the concerns with the assessor. If this is an option available b you, the meeting time(s) and locatien(s) will be incdcated cn the other sided this notice. Formal appeal options If your ques6orns cr concerns are not resolved alter meeting with your assessor. you have two formal appeal options: Option 1— The Boards of Appeal and Equalization You may appear belt re the Boards of Appeal and Equalization in person, trough a leer. a trough a representative a ihorized by you The meeting times and locations are on the other sided this notice. You must have presented your case to the Local Board of Appeal and Equalization BEFORE appealing to the County Board of Appeal and Equalt to ion. : . p ■; : �.� -. . 1,1 If you befere yar value or dassiicabon is incorrect you may brag your case to the Local Board of Appeal and Equel®tion. Please contact your assessors office for more emotion. If your city or bens* no longer has a Leal Board oAppeal and Egeiza ion (as located an the other side d this notice) you may appeal drectly to the Carly Board of llppeal and Et Seep 2 — County Board of Appeal and Egwfmtion If the Local Board of Appeal and Equaization did not resolve your concerns, pi may bring your case to the Carty Board of Appeal and Equal¢3ial You must call in advance to get on the agenda. Please contact the comity assessors c&e to get on the agent or for more efamation. Option 2 — Minnesota Tax Court Depend ng on the type of appeal, you may take your case to either the Small Claims Division or the Regular Division of Court. You have trail April 309, of the year in which taxes are payable to file en appeal with the Small Claims Division a the Regular Division of Tax Court for your 2012 velttaticn and classification. For more inform*" contact the Wirnesota Tax Court Phone: 651 - 296-2806 a 1- 800 -627 -3529 websile: www.taxcortstatemn.us Definitions Dill. Vets Homestead Market Value Exclusion — Quailying disabled veterans may be eligible Cdr a valuation exclusion on lned homestead properly. Estimated Market Mahe — This value Is that he assessor estimates your property would rely sell for on the open market Green Acres —Applies to class 2a agricultural property hat is lacing increasing races clue to pressures not related to the aohoultural value of the land. This values detennned by eook g at what bomparabie agricultural land is sell q for in areas where there is no development pressure. The taxes on the higher value are deferred and the property is sold. tansferred, withdrawn. or no longer qualifies kr the program. Homestead Market Value Evolution —Applies to residential homesteads and to the house garage, and one ace of lard on agricultural homesteads_ The exclusion is a maximum of 930,400 al $76,000 of market value. and then decreases by nine percent for value over 976,000. The ego lusion phases out for properties valued al 9413,840 or more. Tried was enacted during the 2011 Special Session and was .'hot shawl on 2011 value notices, although it was applied 2b 2011 wee* market vales. M JOEY • Quarrying businesses wilhn a Job Opportunity Business Zone may be eligible fora partial property lax exemption. New Improvements — This is lre assessor's estimate of the value of new or previously unassessed improvements you have made to your property. Plat Deferment — For land mat has been recently plated {divided nb individual 119) but not yet improved with a stucbre. the increased market value due is platting 5 phased in over 1me. H cortseuction begins, or if the lot is sold before expiration of phase -ill period.. the la nil be assessed at full market value in Me next assessment Referendum Market Value — This value is sugetx to referenda levies, and is applied prior to any homestead market value excWSgn. Rural Preserve — Applies to class 2b rural vacant and that is part of a farm homestead cr hat had previously been enroled in Green Acres, if d is contiguous lo agricultural land enroled in Green Acres. This value may not exceed he Green Acres value for ibed lands. The taxes on he higher value are deferred so long as the property quallies. Taxable Market Value — This is the value that your property taxes are actually based on, alter as reductions, exclusions, exemptions, and deferrals. Your 2012 value, along with the class rate and the budgets of your local government, wit determme mar much you wit pay in taxes in 2013. This Old House Exclusion — This program expied with the 2003 assessment However. property may still be receiving he value exclusion until 2019. Qualifying properies with improvements that increased he estimated market value b't 15,000 a more were eigitle to have some of the value deferred fora maximum of 10 years. After this lime the deferred value is phased n. For more eybrm -ion on (weal. chuck out the DeparmvmafRoverue xa+baay. hap:; earosmremxu;