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City of Centerville Council Meeting Minutes May 13, 2020 Mayor D. Love, Council Members Russ Koski, Michelle Lakso, Matt Montain, Tom Wilharber, City Administrator Mark Statz, City Attorney Kurt Glaser, City Assessor Ken Tolzmann and Theodore Anderson, Anoka County Property Tax Division were all present. 1. Mr. Ken Tolzmann Assessor Tolzmann stated that Minnesota Statutes establishes specific requirements for the property. He stated that 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 the 2020 assessments are based upon qualified sales of Centerville properties taking place from October 1, 2018 through September 30, 2019. He also stated that from this sales information, the 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 were asked to contact me prior to this meeting allowing him the opportunity to answer any questions they might have. Assessor Tolzmann stated that many questions are resolved prior to this satisfaction, the appeal may be brought before the Board this evening. Assessor Tolzmann stated that State Statutes requires all real property within the City to be valued at market value as of the January 2, 2020 and that same has been met. He stated that based on 41 qualified sales within Centerville during the sales period, and after value adjustments were made accordingly by zone, the final result the Minnesota Dept. of Revenue with a median sales ratio of 94.56%, a coefficient of dispersion (COD) of 4.07, and a Price Related Differential of 100. He also stated that this compares with an overall Anoka County Ratio of 94.45% and a COD of 7.46. Assessor Tolzmann stated that with respect to the overall growth in market value/tax base of the City for this year, those figures will be provided at a later date by Anoka County due to a new database this year. He also stated that with the current COVID-19 situation, and its effect on the market value of properties within the City that its effects would not be fully known until there can be an analysis of sales taking place between October 1, 2019 and September 30, 2020. He also stated that those values will be posted on January 2, 2021. Assessor Tolzmann concluded by saying that he had included the Minneapolis Association of Realtors Residential Real Estate Report (MAAR) in his report which included historical data surrounding the state of real estate market in Centerville and entire area. He stated that the 2019 reports states that the market values increased by 3.7% in Centerville last year and that the median sales price went from $263,250 in 2017, to $273,000 in 2019. The MAAR also noted that home values in Centerville have increased by 22.4% in the past 5 years which is good news for those residents that desire to sell their home. He also thanked Council for their continued support and stated that if any resident had questions to contact him during regular hours, he can schedule evening or weekend appointments also. Motion by Council Member Wilharber, seconded by Council Member Koski to Open the Board of Appeals & Equalization meeting at 6:40 p.m. A roll-call vote was taken. Mayor Love and Council Members Lakso, Koski, Montain and Wilharber voted in favor. Motion carried. Page 3 of 16