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Kenneth A. Tolzmann, SAMA <br /> Centerville City Assessor <br /> TO: City of Centerville Councilmember's and Residents <br /> c/o Mr. Dallas Larson, City Administrator <br /> FROM: Kenneth A. Tolzmann, SAMA#1939 <br /> Centerville City Assessor <br /> DATE: April 15, 2014 <br /> RE: 2014 Pay 2015 Assessment Report <br /> Introduction <br /> I have prepared this 2014 Assessment Report for use by the City Council and Residents. <br /> The Assessment Report includes general information about both the appeals and <br /> assessment process, as well as specific information regarding this 2014 assessment. <br /> Minnesota Statutes establish specific requirements for the assessment of property. The <br /> law requires that all real property be valued at market value, which is defined as the usual <br /> or most likely selling price as of January 2, 2014. <br /> The estimated market values established for this 2014 assessment are based upon actual <br /> real estate market trends of City of Centerville properties taking place from October 1 <br /> 2012 through September 30, 2013. From these trends our mass appraisal system is used <br /> to determine individual property values. Property owners who have questions or <br /> concerns regarding the market value set for their property are asked to contact me prior to <br /> this meeting. This allows me the opportunity to answer any questions they might have. I <br /> have found that a large number of property owner concerns can be resolved by <br /> discussion. <br /> If I am unable to resolve a property owner's concerns regarding their market value, the <br /> appeal can be brought to this local Board of Appeal and Equalization. <br /> The 2014 Assessment Summary <br /> As previously mentioned, State Statutes require all real property within the City of <br /> Centerville to be valued at market value as of the January 2nd assessment date. The 2014 <br /> assessment has met all assessment standards set by the State of Minnesota. <br /> Statistically,based upon the 47 qualified sales within the City during this sales period, <br /> and after value adjustments made accordingly by zone, the final result was an assessment <br /> that qualifies as"excellent"in the eyes of the Minnesota Dept. of Revenue with a median <br /> of 94.3 and a coefficient of dispersion of 7.2, and a Price Related Differential of 101. <br /> 1 <br />