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Kenneth A. Tolzmann <br /> Sr. Accredited Minnesota Assessor <br /> Centerville City Assessor <br /> TO: City of Centerville <br /> Attn: Mr. Mark Statz, Administrator <br /> FROM: Kenneth A. Tolzmann, SAMA#1939 <br /> Centerville City Assessor <br /> DATE: April 13, 2018 <br /> RE: 2018 Pay 2019 Assessment Report <br /> Introduction <br /> I have prepared this 2018 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 2018 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, 2018. <br /> The estimated market values established through the 2018 assessment are based upon <br /> qualified sales of Centerville properties taking place from October 1, 2016 through <br /> September 30, 2017. From this sales information, our mass appraisal system is used to <br /> determine individual property values. Property owners who have questions or concerns <br /> regarding the market value set for their property are asked to contact me prior to this <br /> 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 2018 Assessment Summary <br /> State Statutes require all real property within the City of Centerville to be valued at <br /> market value as of the January 2nd assessment date. The 2018 assessment has met all <br /> assessment standards set by the State of Minnesota. <br /> Statistically, based upon the 64 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 /> sales ratio of 94.6%, a coefficient of dispersion of 8.5, and a Price Related Differential of <br /> 100. <br /> 1 <br />