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Anoka County City of Lino Lakes Sample Valuation Notice Back Appealing the Value or Classification of Your Property Informal Appeal Options - Contact Your Assessor -::eon have questions Drdisaeree w,iththe classification Dr estimated market value for tirour propertyforthe'2014 assessment; pleasecontact your assessor' s o'u'sirefirstto discuss your concerns. 'Often *ourisSus can be rev olve d at this level. CDntact infcrmationfor your assessor's office is on the other side of this notice. .come jurisdictions chooseto hold open b ook meetings to allowproperty owners to discuss their CD*+e arLLS Mithth? assss SDf. If this is an option available to you the meeting time (s) andlo€atio s) will be indicated on the other side ofthis notice. Fo rm a1 Appeal Options I F•.•our questions Di concerns are not resolvedaftermeetine with your assessor, you havetwo fom7a1 appeal options: Option 1- The Boardsof ?appeal and Equalization You may appear before theBoards of Appeal and Equalization in pers on, thrDuehaletter, orthroueha representative auth prized byyou. The meeting times and locations are onthe other side ofthis notice. Von must have presented your caseto the Local Bo aid of Appeal and Equalization BEFORE appealingto the ConntyBoa:rd of Appeal a nd Equalization. Step 1- Local Bo a rd of - Appeal and Equalization Ifyou believeyour value or classifi€ationis incorrect, youmaybrine your case to theL Deal Board of Appeal and Equalization Please contact your as sessor's office for more information.) (your city or towztsship no longer has a L Deal Board ofAppeal andEqualization (as indicated on the other side ofthis notice) you may appeal directly to theCouuiy Board of Appeal andEqualization Step 2 - County Bo a rd of Appeal and Equalization If the L Deal Board ofAppeal andEqualiZation did not resolve your concerns, you may brine your case to the Co laity BDard of Appeal and Equalization Please contact the county aSses SDI 's office to eet on the agenda or for more info ion Option 2 - Minnesota T am Court Dependine onthe type of appeal you maytakeyour case to either the Small Claims Division Of the ldeeularDivision of TaxCourt. You have until April 30 of the year in which taxes are payable to file an appeal with the Small Claims Division or the) eeuler Division of TaxCourt for your valuationandclas sification. For m or information contact the Mumesota TaxCourt: Fhone: 651-- 29&- 2806DrforlE.T Relay call 1- 00- 27 -3 9 0 n the web: ww-v., .taxcourt.statemnus Definitions Disabled Vetere ns Exclusion - Qualif ine disabled veterans may b s elieiblefora valuati onexclusion on their homesteadproperty. Estima tad Market Value - This value is what the as sss sor.estimatm your property wouldlikely sell for on the open market. Green Area - Applies to class 2a agricultural progertgr that is facine increasing values due to pressures not related to the agricultural value ofthe land. This value is determinedbylo ol,'yne at what comparable a_ricultural landis selling for in areas wheie them is no development pressure. The taxes on thehiehervalue are deferred until thepropertyris sDloi transferred withdraws or no loneerq»al+i+¢s for the pro gram. Ho mamma d l:arket Value Exclusion - Applies to residential homesteads andto the house, earaee_ and one acre of land for agricultural homesteads. The exclusionis a maximum of $30.400 at $ 715.000 of market value and then decreases by nine percaat for value over $ 76 ;000. Theexclusionpbases out for properties vahedat $413,800 or more JOBZ - Qualifyine bu size sses withina Job Opp ortun ityBusiness Zane maybe eligible fora partial propertytax exemption New Inaprovensenta - This is the as sea sor' s estimate of the value of new or previouslyunassessed improvements you have made to your property. Flat Deferment - For land that has been recently platted (divided into individual lots) but not yet improvedwith a stricture the increased malt 5ra1ue du a to plattine is phasedin over time. If construction begins; orifthelots soldbeforeexpimtion ofthe phase- inperiodd the lot will be assessed at full mar1ut value in the next as se serpent. Rural Free - Applies to clas s 2b rural vac alt land that is part of a farm homestead or that hadpre'iciisly been enrolledin Greffi Ares. if it is contiguous to agricultural Land enr oiled in Green Acres. This value may not exceed the Green Acres value fortified lands. The taxes On thehiehervalueare deferred long as the propertyqueliftes. Taxable Market Value- This is the value that your propertytaxes are actuallybased on after all reductions. This Old House Exclusion - This program expired with the 2003 assessment. However. prop arty may still be receivine the value exclusiontbrouah the 2013 as sessment. Qualifying properties withimpro vements that increasedthe estimated marlmt value by.S 5.000 or more were eli_ible to have s Dme of the value defen:ed fora maximum of 10 years. After this time the deed value is phasedin. For rnore information on appeals, visit the Dspor owiitof Revenue web.rste: hnp :;S4114u_rsaense.strrtsemn_us 59