2014-04-23 CC Minutes LBAElbertVille
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CITY OF ALBERTVILLE
LOCAL BOARD OF APPEAL AND EQUALIZATION
April 23, 2014
ADOPTED MINUTES
ALBERTVILLE CITY HALL
ROLL CALL
PRESENT: Board members John Vetsch, Rob Olson, and Larry Sorensen
ABSENT: Board members Jillian Hendrickson and Dan Wagner
5:30 PM
OTHERS PRESENT: City Administrator-PWD Adam Nafstad, City Clerk Kimberly Olson,
Wright County Assessor Wally Peterson, and Wright County Assessor Tony Rasmuson.
PRESENTATION - WRIGHT COUNTY ASSESSOR'S OFFICE
Wright County Assessor Peterson began by explaining that the purpose of the Local Board of
Appeal and Equalization is to review the assessment of property. This Local Board of Appeal
and Equalization is being held for the 2014 assessment for taxes due and payable in 2015. The
Board does not have the authority to change any prior year's assessments. The Local Board does
not have the authority to grant an exemption or to order property to be removed from the tax
rolls. A quorum must be present and at least one of the members must be `Training Certified'
under Minnesota State Statutes Section 274.014 and Board member Sorensen has been certified.
State law requires the assessor to be at 100% of market value; however, the Statutes allow the
Assessor to be within a range of 90 to 105 percent of market value. The sales ratio study time
frame is from October 1, 2012 thru September 30, 2013. The sales date gathered from this ratio
period is used to appraise property as of the January 2, 2014 assessment date. There were 1,239
residential and seasonal/recreational properties used in the County -wide sales study and had a
time adjusted median ratio of 85.08% and a non -time adjusted ratio of 89.68%. There was a
County -wide increase of 8.47% on this type of property. There were 14 commercial and
industrial properties used in the County -wide sales ratio study with a County -wide 2.81 %
reduction in this type of property. A percentage of change reports indicate that the county -wide
agricultural estimated market value was increased by 10.70% from 2013. The current
assessment meets or exceeds standards for uniform assessment in all jurisdictions established by
the International Association of Assessment Officers.
City of Albertville Meeting Minutes
Local Board of Appeal and Equalization
April 23, 2014
Page 2 of 2
Rasmuson reported that there werel,239 qualified sales which were up from 756 qualified sales
the previous year. This is an increase of 64%. He stated that the market appears to be getting
healthier and there were 23 new homes in 2013.
Peterson reported three properties had requested their valuations be lowered and were granted by
the County as follows:
Property Address
PID
Original
Value
Adjusted Value
10526 62 Id Street NE
101-097-002050
$198,500
$195,400
6223 Kaitlin Avenue NE
1 101-097-005040
$181,700
1 $176,500
5230 Kali Court NE
1 101-103-002280
$301,662
1 $288,400
The Board felt these were fair adjustments based on the circumstances described.
Motioned by Olson, seconded by Sorensen, to accept the valuations set by the Wright County
Assessor's Office. Ayes: Sorenson, Olson, and Vetsch. Nays: None. Absent: Hendrickson
and Wagner. MOTION DECLARED CARRIED.
ADJOURNMENT
Motioned by Olson, seconded by Sorensen, to adjourn the meeting at 6:10 p.m. Ayes:
Sorensen, Olson, and Vetsch. Nays: None. Absent: Hendrickson and Wagner. MOTION
DECLARED CARRIED.
Respectfully submitted,
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Kimberly A. O on, City Clerk
MACity Council\Council Packet information\2014\050514\2014-04-23 LBAE Minutes.doc