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2006-12-04 CC Minutes TNTA,Ibertvill-e sMON Town uwno. et CR„ w�. ALBERTVILLE CITY COUNCIL December 4, 2006 Truth In Taxation Albertville City Hall 6:00 PM PRESENT: Mayor Don Peterson, Council members John Vetsch, LeRoy Berning, and Tom Fay, City Administrator Larry Kruse, Finance Director Tina Lannes, and City Clerk Bridget Miller ABSENT: Council member Ron Klecker Mayor Peterson called the Albertville City Council Truth In Taxation meeting to order at 6:00 p.m. TRUTH IN TAXATION HEARING Finance Director Lannes informed the Council that the city received a video that explains to taxpayers where the property taxes are allocated in the various areas of government. It points out the various areas that effect how property taxes are calculated and where property taxes are designated for use; such as state, county, schools, and city. Finance Director Lannes went on to review the change in Market Value from 2002 to 2006. Mayor Peterson asked if there was anyone present that wanted to speak to the Council regarding their 2007 property tax statement. Michael Potter approached the Council bringing it to the Council's attention that his property, with a PID of 101-800-062200 un-platted land, valued at $96,900 in 2006 went up in value by about 87.3 percent. According to the 2007 Property Tax Statement it was valued at $175,000. City Administrator Kruse stated that the concern or question Mr. Potter had regarding how did the value go up 87.3 percent should be presented to the Board of Review. The Board of Review generally meets in May of the calendar year. In the interim, City Administrator Kruse suggested that Mr. Potter to discuss this matter with the Wright County Assessor's office, located in Buffalo. MAPublic Data\City Council\Council Minutes\2006 Minutes\M 12-04-06 T N T Final.doc City of Albertville City Council Truth in Taxation Minutes December 4, 2006 Page 2 of 2 ADJOURNMENT MOTION BY Council member Berning, seconded by Council member Vetsch to adjourn at 6:30 p.m. Motion carried unanimously. on Peterson, Mayor f 1 Bridget Miller, ity Clerk M:\Public Data\City Council\Council Minutes\2006 Minutes\M 12-04-06 T N T Final.doc