HomeMy WebLinkAbout05-05-25 - Local Board of Appeal and Equalization Meeting
Local Board of Appeal &
Equalization Meeting
Monday, May 5, 2025
Mayor Rafferty, Councilmembers Cavegn, Lyden, Ruhland and Stoesz
Interim City Administrator: Dave Pecchia
5:30 PM | Council Chambers (Not televised)
1. Call Board of Review to Order
2. Roll Call
3. Setting the Agenda: Addition or Deletion of Agenda Items
4. Anoka County Assessors Report, Alex Guggenberger, Anoka County Assessor
a. Overview of the Board of Review Process and Procedures
b. Property Tax Process and Recap of Current Assessment
5. Local Board of Appeal and Equalization Hearing
6. Recess or Adjourn the Meeting
- If time is needed for the Assessor to research a property value/view a property, the
meeting may be recessed to a future date.
Local Board of Appeal and Equalization
Lino Lakes Assessment Staff
Residential
89%
Agricultural
2%
Commercial/Industrial
2%
Exempt
7%
Lino Lakes Property Breakdown
9,480 Parcels
Name Position License ResponsibilityAlex Guggenberger County Assessor SAMA CountywideTed Anderson & Brandon Hodge Senior Appraisers AMA Commercial/Industrial/Apartment/ExemptShawn Halligan Residential Appraiser AMA Residential 1-3 Units
January
2nd
•Annual Assessment Date
Mid
March
•Valuation Notices & Tax Statements Mailed
Mid-March
Early May
•Informal Appeals
•Local Board or Open Book Meetings
May
15th
•1st Half Taxes Due
June
16th
•County Board of Appeal & Equalization Meeting (Clerical Error Only After)
October
15th
•2nd Half Taxes Due
November 17th
•2nd Half Agricultural Taxes Due
Mid
November
•Truth in Taxation Notices Mailed
Assessment & Taxation Timeline
In Minnesota it is the duty of the Assessor to value and classify property. This is done annually as of the assessment date of January 2nd. All aspects of the assessment, including but not limited to the assessment date, sales period for each assessment and property tax classification are dictated by state statute and under the oversight of the Minnesota Department of Revenue. The Assessment & Taxation Calendar represents an annual timeline.
Each spring Anoka County sends out a property tax bill (based on the prior year assessment) along with the Notice of Valuation and Classification.
The notices include the Assessors estimate of market value along with the property classification(s) or use(s) as of January 2nd each year.
Property Owners are encouraged to call the assessor regarding questions or concerns on their Value Notice.
Owners located in a City or Townships having a Local Board of Appeal and Equalization (LBAE) MUST appeal there first if you wish to appeal at the County Board of Appeal and Equalization (CBAE).
If property owners are still not satisfied with the outcome of the appeal methods above, they can appeal directly to Minnesota Tax Court. Tax Court Petitions may be filed any time after the Valuation Notice is received and before April 30th of the year taxes are payable.
2025 ASSESSMENTTwo (2) sales ratio studies are used in establishing market values.
12-month studyOctober 1, 2023 to September 30, 2024Sales Ratio
21-month studyJanuary 1, 2023 to September 30, 2024Sales Ratio + Trend Region (Lino Lakes & Centerville)
90 95 100 105
91.4 94.5
Median Sales Ratio
COD
5.27
Median
94.5
# o f Sales
184
Metric 2023 Res Sales 2024 Res SalesSales196184Median Sale Price 398,200 416,500Median Assessed Value 388,400 409,200
92.6
Sales Map – 12 Month Study
Median Sale Price vs Estimated Market Value
$200,000
$220,000
$240,000
$260,000
$280,000
$300,000
$320,000
$340,000
$360,000
$380,000
$400,000
2021 2022 2023 2024 2025
Median Sale Price Median Estimated Market Value
Market Value ChangeThe table below illustrates how values have changed from 2024 to 2025 by property type and how Lino Lakes compares to Countywide figures.
Lino Lakes
Countywide
Property Type 2024 EMV 2025 EMV % Change (YOY)% Increase Due to NC
Residential $43,148,103,400 $45,080,836,300 4.48%1.03%
Agricultural $677,181,900 $721,989,200 6.62%0.19%
Apartment $3,417,426,500 $3,110,756,200 -8.97%1.64%
Comm/Ind $7,583,352,700 $7,470,049,700 -1.49%1.05%
Total EMV $55,089,145,500 $56,683,342,400 2.89%1.07%
Property Type 2024 EMV 2025 EMV % Change (YOY)% Increase Due to NC
Residential $3,200,866,300 $3,395,669,100 6.09%1.64%
Agricultural $65,459,500 $67,270,500 2.77%0.17%
Apartment $81,866,000 $84,963,000 3.78%7.88%
Comm/Ind $325,111,500 $316,042,500 -2.79%2.92%
Total EMV $3,678,360,600 $3,869,737,800 5.20%1.85%