2013-05-08 CC Packet - Laserfiche WebLink

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Kenneth A. Tolzmann, SAMA Centerville City Assessor TO: City of Centerville Councilmember’s and Residents c/o Mr. Dallas Larson, City Administrator FROM: Kenneth A. Tolzmann, SAMA #1939 Centerville City Assessor DATE: April 17, 2013 RE: 2013 Pay 2014 Assessment Report Introduction I have prepared this 2013 Assessment Report for use by the City Council and Residents. The Assessment Report includes general information about both the appeals and assessment process, as well as specific information regarding this 2013 assessment. Minnesota Statutes establish specific requirements for the assessment of property. The law requires that all real property be valued at market value, which is defined as the usual or most likely selling price as of January 2, 2013. The estimated market values established through the 2013 assessment are based upon actual real estate market trends of City of Centerville properties taking place from October 1, 2011 through September 30, 2012. From these trends our mass appraisal system is used to determine individual property values. Property owners who have questions or concerns regarding the market value set for their property are asked to contact me prior to this meeting. This allows me the opportunity to answer any questions they might have. I have found that a large number of property owner concerns can be resolved by discussion. If I am unable to resolve a property owner’s concerns regarding their market value, the appeal can be brought to this local Board of Appeal and Equalization. The 2013 Assessment Summary As previously mentioned, State Statutes require all real property within the City of nd Centerville to be valued at market value as of the January 2 assessment date. The 2013 assessment has met all assessment standards set by the State of Minnesota. Statistically, based upon the 32 qualified sales within the City during this sales period, and after value adjustments made accordingly by zone, the final result was an assessment that qualifies as “excellent” in the eyes of the Minnesota Dept. of Revenue with a median of 94.4 and a coefficient of dispersion of 5.6, and a Price Related Differential of 101.