2025-04-21 LBAE MinutesLOCAL BOARD OF APPEAL AND EQUALIZATION MINUTES
April 21, 2025 – 6:15 pm
Council Chambers
Albertville City Hall
1. Call to Order
Mayor Hendrickson called the meeting to order at 6:19 pm.
Present: Mayor Hendrickson, Councilmembers Cocking, Hayden, Olson and Zagorski
Staff Present: City Administrator Nafstad, Finance Director Lannes, City Clerk Luedke
Also Present: Wright County Assessor Tony Rasmuson and Wright County Assessor Wally Peterson
2. Assessor’s Presentation
Wright County Assessor Rasmuson and Appraiser Peterson provided the following information and
answered questions from Council:
• The purpose of this Local Board of Appeal and Equalization is to review the 2025 assessment for
taxes due and payable in 2026.
• 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, 2023, through September 30, 2024. The sales data
from the study period was used to appraise property as of the January 2, 2025, assessment date.
• During the study, Albertville had 71 qualified sales used in the sales ratio study.
•The state time adjusted median sales ratio was 95.63%. After adjusting for market conditions and
equalization for the 2025 assessment, the final ration is 96.05% which is a result of a .69% increase
of total City residential value.
• Information on the Wright County Sales Study 2025 which is located on their website.
Appraiser Peterson provided an overview of the 5 calls he received from residents from Albertville
residents. He also provided an overview of the review process to see if the residents had questions on
their property value. He said the calls were down from recent years and answered questions from
Council regarding the calls received.
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, Olson and Zagorski. Nays: None. The motion carried.
There was no one in the audience that wished to speak.
Local Board of Appeals and Equalization Minutes Page 2
Meeting of April 21, 2025
MOTION made by Councilmember Cocking, seconded by Councilmember Hayden to close the public
hearing. Ayes: Cocking, Hayden, Hendrickson, Olson and Zagorski. Nays: None. The motion carried.
4.Adjournment
Mayor Hendrickson adjourned the meeting at 6:46 pm.
Respectfully submitted,
__________________________________
Kristine A. Luedke, City Clerk