HomeMy WebLinkAbout2011-04-27 Assessor LetterKenneth 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 27, 2011
RE: 2011 Pay 2012 Assessment Report
Introduction
I have prepared this 2011 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 2011 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, 2011.
The estimated market values established through the 2011 assessment are based upon actual real estate market trends of City of Centerville properties taking place from October 1, 2009
through September 30, 2010. 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 2011 Assessment Summary
As previously mentioned, State Statutes require all real property within the City of Centerville to be valued at market value as of the January 2nd assessment date. The 2011 assessment
has met all assessment standards set by the State of Minnesota.
Statistically, based upon the 22 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 92.5 and a coefficient of dispersion of 9.4, and a Price Related Differential of 101.
Changes made to this 2011 assessment from the 2010 assessment were as follows:
All residential buildings were adjusted Countywide based on size/quality.
Adjustments to land were:
Zone 3 (northside average) +10%
Zone 4 (acreage sites) – 10%
Zone 5 (lakeshore) no changes
Zone 6 (southside avg) -10%
Zone 7 (above avg) -15%
Zone 8 (average townhomes) -10%
Zone 9 (above avg townhomes) -10%
With respect to commercial/industrial parcels, there were no changes made to the land or building schedules.
In summary, we saw the overall estimated market value of the City drop by 4.6 % for this 2011 assessment vs. a 6% drop for last year. Preliminary indications are, that we have seen
the worst of the fall in real estate values here in Centerville. If the present trends continue, there is a good possibility that any further reduction in tax base for pay 2013 would
be minimal.
Conclusion
As your City Assessor, it is my priority to represent your community with utmost dignity and respect, and to make every property owner feel as though they are being heard. It is my
hope that through explanation, and discussion, there can be a better understanding.
If there are any questions from members of the City Council or City Staff, or City Residents, please do not hesitate to call me. I am available to City residents always during normal
business hours and by appointment on evenings and weekends.
In closing, I would like to take this opportunity to thank the City of Centerville for allowing me the privilege of serving as your City Assessor. I can assure you that I take the responsibilities
of those duties most seriously.
If you or anyone has questions relating to property tax assessment, I would be most pleased to discuss these issues with you. You can reach me at my office at (651) 464-4862 or my cell
at (612) 865-2149.
Sincerely,
Kenneth A. Tolzmann, SAMA#1939
Centerville City Assessor