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Kenneth A. Tolzmann Sr. Accredited Minnesota Assessor Centerville City Assessor TO: City of Centerville Attn: Mr. Mark Statz, Administrator FROM: Kenneth A. Tolzmann, SAMA #1939 Centerville City Assessor DATE: May 6, 2020 RE: 2020 Pay 2021 Assessment Report Introduction I have prepared this 2020 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 2020 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, 2020. The estimated market values established for this 2020 assessment are based upon qualified sales of Centerville properties taking place from October 1, 2018 through September 30, 2019. From this sales information, 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. concerns regarding their market value, the appeal can be brought to this local Board of Appeal and Equalization. The 2020 Assessment Summary State Statutes require all real property within the City of Centerville to be valued at nd market value as of the January 2 assessment date. The 2020 assessment has met all assessment standards set by the State of Minnesota. Statistically, based upon the 41 qualified sales within the City during this sales period, and after value adjustments made accordingly by zone, the final result was an assessment the Minnesota Dept. of Revenue with a median sales ratio of 94.56%, a coefficient of dispersion of 4.07, and a Price Related Differential of 100. This compares with an overall Anoka County Ratio of 94.45% and a COD of 7.46.