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04/04/2011 Council Packet
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04/04/2011 Council Packet
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1/29/2014 11:29:01 AM
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City Council
Council Document Type
Council Packet
Meeting Date
04/04/2011
Council Meeting Type
Work Session Regular
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Anoka County City of Lino Lakes <br />A non - resident may file written objections to his /her assessment with the county assessor <br />prior to the meeting of the Board of Appeal and Equalization. Such objections must be <br />presented to the Board for consideration while it is in session. <br />Before adjourning, the Board of Appeal and Equalization should cause the record of the <br />official proceedings to be prepared. The law requires that the proceedings be listed on a <br />separate form which is appended to the assessment book. The assessments of omitted <br />property must be listed in detail and all assessments that have been increased or decreased <br />should be shown as prescribed in the form. After the proceedings have been completed, the <br />record should be signed and dated by the members of the Board of Appeal and <br />Equalization. It is the duty of the county assessor to enter changes by Boards of Appeal and <br />Equalization in the assessment book of each district. <br />The Local Board of Appeal and Equalization has the opportunity of making a great <br />contribution to the equality of all assessments of property in a district. No other agency in the <br />assessment process has the knowledge of the property within a district that is possessed <br />jointly by the individual members of a Board of Appeal and Equalization. The County or State <br />Board of Equalization cannot give the detailed attention to individual assessments that is <br />possible in the session of the Local Board. The faithful performance of duty by the Local <br />Board of Appeal and Equalization will make a direct contribution to the attainment of equality <br />in meeting the costs of providing the essential services of local government. <br />Market Value Statistics <br />After thoroughly analyzing the sales that occur during the sales period, we establish the assessed <br />value of all real property. During the 2010 study period for the 2011 assessment, we recorded <br />5,378 sales of all property types countywide. Of these sales only 34 %, or 1,855 were considered <br />arms - length transactions. This is a slight improvement over the previous year when there were <br />5,223 recorded sales, with only 30% of them considered arms - length. <br />In accordance with the results of these sales studies, certain areas of the city and certain styles <br />and grades of homes may have adjusted values either lower or higher than the previous year's <br />value. The new values reflect market trends during the period of October 2009 thru September <br />2010. <br />Page 12 <br />
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