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2023-04-17 Local Board of Appeal & Equalization Minutes LOCAL BOARD OF APPEAL AND EQUALIZATION MINUTES April 17, 2023 – 6:15 pm Council Chambers Albertville City Hall 1. Call to Order Mayor Hendrickson called the meeting to order at 6:15 pm. Present: Mayor Hendrickson, Councilmembers Cocking, Hayden and Zagorski Absent: Councilmember Olson Staff Present: City Administrator Nafstad, City Clerk Luedke, Finance Director Lannes, Wright County Assessor Tony Rasmussen and Wright County Appraiser Corey Czycalla. 2. Assessor’s Presentation Wright County Assessor Rasmussen and Appraiser Czycalla provided the following information and answered questions from Council: • The purpose of this Local Board of Appeal and Equalization is to review the 2023 assessment for taxes due and payable in 2024. • A quorum must be present and at least one of the members must be "Training Certified” under Minnesota statutes, section 274.014. • Minnesota State law requires the Assessor to value property at 100% of market value; however, the Statutes allow the Assessor to be within a range of 90 to 105% of market value. • The sales ratio study period was from October 1, 2021 through September 30, 2022. The sales data from the study period was used to appraise property as of the January 2, 2023 assessment date. • During the study, Albertville had 106 qualified sales used in the sales ratio study with a sales ratio of 93.09% and a time adjusted ratio of 87,68% which was down from 146 sales last year. • The state time adjusted median sales ratio following all changes for market condition and equalization for the 2023 assessment is now 95.07% which is a result of a 9.84% increase of total city residential & seasonal market value excluding new construction. • Over all property types, Wright County had an increase in market value of 17.80% for the 2022 Assessment with a total estimated market value of $25,695,128,352. 3. Public Hearing Mayor Hendrickson called for the Local Board of Appeal and Equalization public hearing to open. MOTION made by Councilmember Cocking, seconded by Councilmember Hayden to open the public hearing. Ayes: Cocking, Hayden, Hendrickson and Zagorski. Nays: None. Absent: Olson. The motion carried. Mr. Michael Potter, said he had a question on his property value located at the southwest corner of 60th Street NE and Mackenzie Avenue but after speaking tonight with Wright County Assessor Rasmussen, he agreed with the County’s evaluation. Local Board of Appeals and Equalization Minutes Page 2 Meeting of April 17, 2023 Appraiser Czycalla provided an overview of the 28 calls Wright County received from Albertville residents and the review process if the residents had questions on their property value. He said after reviewing the properties, he had a total of 10 properties (9 residential and 1 commercial) that he recommended a reduction on: •101-081-002120 – 5048 Kahl Avenue NE reduced from $393,200 to $380,400; •101-062-002010 – 10349 Karston Avenue NE reduced from $513,800 to $495,400; •101-081-002160 – 5043 Kahler Court NE reduced from $500,200 to $478,800; •101-029-003100 – 6082 Kalland Circle NE reduced from $311,500 to $291,300; •101-068-001020 – 10461 Karston Circle NE reduced from $546,700 to 505,200; •101-085-003020 – 10368 49th Street NE reduced from $449,300 to $427,700; •101-090-002100 – 10132 Karston Court NE reduced from $507,800 to $494,300; •101-053-002100 – 10230 Karston Avenue NE reduced from $365,300 to $360,400 and •101-500-121203 – 11531 50th Street NE reduced from $365,400 to $328,200 •101-047-001380 – Kalland Ave Properties LLC reduced from $5,767,500 to $5,522,000 MOTION made by Councilmember Cocking, seconded by Councilmember Zagorski to accept the recommended changes from the Wright County Assessors. Ayes: Cocking, Hayden, Hendrickson and Zagorski. Nays: None. Absent: Olson. The motion carried. MOTION made by Councilmember Cocking, seconded by Councilmember Hayden to close the public hearing. Ayes: Cocking, Hayden, Hendrickson and Zagorski. Nays: None. Absent: Olson. The motion carried. 4.Adjournment MOTION made by Councilmember Cocking, second by Councilmember Hayden to adjourn the meeting at 7:01 pm. Ayes: Cocking, Hayden, Hendrickson and Zagorski. Nays: None. Absent: Olson. The motion carried. Respectfully submitted, __________________________________ Kristine A. Luedke, City Clerk