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Home My WebLink About05-05-25 - Local Board of Appeal and Equalization Meeting—� Local Board of Appeal & CITY 1 "''` o F Equalization Meeting IN KE Monday, May 5, 2025 Mayor Rafferty, Councilmembers Cavegn, Lyden, Ruhland and Stoesz Interim City Administrator: Dave Pecchia 5:30 PM I 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 Appea and Equalization A ► Anoka County Lino Lakes Assessment Staff genberger Ted Anderson & Brandon Hodge Shawn Halligan Positio County Assessor Senior Appraisers Residential Appraiser Lino Lakes Property Breakdown Agricultural 2% 9,480 Parcels icense. Responsibility -,Am SAMA AMA AMA Exempt 7% Countywide Commercial/Industrial/Apartment/Exempt Residential 1-3 Units itial Anoka County In Minnesota it is the duty of the januar: Assessor to value and classify end property. This is done annually as of the assessment date of January 'd 2nd. March i All aspects of the assessment, Mid -March including but not limited to the Early May assessment date, sales period for each assessment and property tax May classification are dictated by state statute and under the oversight of the Minnesota Department of June 16th Revenue. The Assessment & Taxation October Calendar represents an annual 15tn timeline. November 1 Th November Asi.ks C�wn A•..1,l��Yr vAr.rr lee fee A�� ANOKA r\w couNTr c*m,2�11TJi1-, Knea M .,0.. AA P" lvoNsY 04313}1l Coll si...tb 0..strps. dcvc..c tp.1s sr,e 1 a o 9LW M C"awe tt�..ltMKd.\011! Wlllt/l-Mflp oe.+.N aq.dOM aseAi i \ A J 3033 vaw..s for Twos Payab4 ,n 2026 Proparry m nosce\ are del,eRd do �• �..� wleAte sup •._.tr..... ° wm �..... stop �,w pi......Tr.rs.... 2 Step F.pMyT•. a1ss....1 3 srw-�. c.r�srw,w leer t.w. n,. w Y• TIN time to appeal of question your CLASSIFICATION of VALUATION is NOW! Yew ►-ts..y. a W.lresrdty6) MW Values ,rttisrrt. Z ,=w.== ❑ r,N. Ma 1. n k i.ks4 f.., ttrs rlTO 11111121,111130 M...leesr.w ss skmrsd tlssl b,ss pMh assssslsst . e . _......,. n... , w......-. ,......,. a .. .......� �..•i >n.... se..w r wrrw.w. osrr.e i..wrl\..w v«.e:,.rw tttax sN1N t.rrttssr esr. ilttYl laN.sss 633/.7! rr A�.n..�.s �.trt w wear w taw rrr.r.r..wr ..r Now to Respond e tssb.M.e yow . a+re. s.. ..!!07 b Idea yP/ »1Mta a aBl. asy tsae .rebgs — a.a.R M Aorltbtonmro .is— ,e.laet y.l. a•....a . ycw •..d....e..%. app.. Me— read wMet or0- no.e. b...alse .b— dwe T. b.— No- 0— n.y.,, .+or.uwn n »a.sre 4 .w.q oars, . Fn y s oo a., .\,o s sr at M Moo C—oy uo.e.... , C~ Roo, 11e •1d1a R.—I, Ana. 2100 ,,d Aw A.oka a.9-ar dim The following meetings ate available to discuss or appeal your value and classification 11.0o41 Hord of Appw rW fgtNrutlonpp.n Hook Aas 26 2US 5 73p,n Ent Bettor • rJpdss.• s COY .Mew• 2241 2219 Ave NE. EM Bass, Wh 550, To dwu.s.s.,..•.... d 761324-1125 Clri+r I♦md d1 AM" and Equaltradott And. Caeay ci—, —, ,, i 2-00"Avenue. Anos.. la.l SS30, Roan &— G To Saws n sopo.—e ois ise J , 793 ,/s 175 1� Each spring Anoka County The notices include the -- sends out a property tax bill (based on the prior year Assessors estimate of market value along with the property assessment) along with the Notice of Valuation and classification(s) or use(s) as of Classification. January 2nd each year. Owners located in a City or Property Owners are Townships having a Local encouraged to call the Board of Appeal and Equalization (LBAE) MUST assessor regarding questions �W appeal there first if you wish or concerns on their Value to appeal at the County Board Notice. of Appeal and Equalization (CBAE). If property owners are still not satisfied with the outcome of the appeal methods above, they can is appeal directly to Minnesota Tax Court. Tax Court ,k&a Petitions may be filed any time after the Valuation Notice is received and before April 30th of the year taxes are payable. Anoka County 2025 ASSESSMENT Two (2) sales ratio studies are used in establishing market values. 21-month study January 1, 2023 to September 30, 2024 Sales Ratio + Trend Region (Lino Lakes & Centerville) 12-month study October 1, 2023 to September 30, 2024 Sales Ratio Sales Map - 12 Month Study N.� Lino Lakes Qualified .Sales v — Y 3 < Y f- Z MAIN 5T WTH ST • � W • � a `�E�'�SSV� W OQ? pPO� r — MAIN ST rr< _� 1 • NORTH.RD —J • I _ y BIRCH ST = F m X Q1 Fn ODNTY ROAD J COUNTY ROAD J ASH ST GOUNTY ROAD 1 -ASH CommeroaW ndustral vr.aecu�s.na: _ ,_ - ResiOenUal es $400,000 $380,000 $360,000 $340,000 $320,000 $300,000 $280,000 $260,000 $240,000 $220,000 $200,000 2021 2022 Median Sale Price 2023 2024 2025 (Median Estimated Market Value Anoka County Market Value Change The table below illustrates how values have changed from 2024 to 2025 by property type and how Lino Lakes compares to Countywide figures. Lino Lakes Property Type 2024 EMV 2025 EMV % Change (YOY) % Increase Due to NC Residential $3,200061300 $3,39516691100 6.09% 1.64% Agricultural $6514591500 $6712701500 2.77% 0.17% Apartment $81061000 $84,963,000 3.78% 7. 88% Comm/Ind $325,111,500 $316,042,500 -2.79% 2.92% Total EMV $3,678,3601600 1 $30%7371800 1 5.20% 1 1.85% Countywide Property Type 2024 EMV 2025 EMV % Change (YOY) % Increase Due to NC Residential $43114811031400 $450018361300 4.48% 1.03% Agricultural $677,181000 $72119891200 6. 62% 0.19% Apartment $314171426,500 $3,11017561200 -8.97% 1.64% Comm/Ind $715831352,700 $7147010491700 -1.49% 1.05% Total EMV $55108%145,500 $56168313421400 2.89% 1.07% Anoka County QUESTIO.. NS