Agenda - Council - 03/22/2011 - Laserfiche WebLink

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Understanding Your Assessment and Tax Calculation ANOKA COUNTY Re -Value As part of this mass appraisal process, all properties are re -valued annually based on the information on record. Properties are physically inspected and property records reviewed once every 5 years (as required by Minnesota statute). This is an ongoing process. Each year, 20% of a city is inspected so that in a cycle of five years all properties have been inspected at least once. Properties are also inspected when there is a building permit issued or at the request of the property owner, in addition to review every five years. The sale of a property does not initiate a reassessment. As stated earlier, Minnesota state law governs the assessment date, which is January 2nd of each year, as well as the sales periods associated with each assessment date. Assessment Timeline As required by Minnesota statute, the 2009 assessment was based on transactions that closed between October 1, 2007 and September 30, 2008. The 2009 assessment will be used for tax calculations this year (2010). Property owners were notified of their 2009 value on their Notice of Valuation and Classification. The notices were mailed out in March of 2009 in the same envelope as the 2009 tax statement. The appeals process took place at the municipal level during the month of April and at the county level in June. At this point, if a property owner wishes to appeal their 2009 assessment (for taxes payable 2010) their only option is to file a tax court petition. This must be done no later than April 1, 2010. The 2010 assessment has just been completed with Notices of Valuation and Classification being mailed the week of March 22nd. This is the assessment that will be used for tax calculations for taxes payable in 2011. The sales period associated with this assessment is October 1, 2008 thru September 30, 2009. As with past assessments, the local appeals process will begin in April and finish up in June. The options and requirements to appeal this assessment are listed on the back of the Notice of Valuation and Classification. If you have an issue with your 2010 assessment the first thing you should do is contact your local assessor. Their phone number is listed on your notice. Sales that occurred after October 1, 2009 were not used in determining the 2010 assessment. In keeping with the statutory sales period, those sales will be in the group of sales used to determine valuations for the 2011 assessment, for taxes payable in 2012. Anoka County Property Records and Taxation Assessor's Office www.anokacounty.us/prop-records-tax 763-323-5475 Page 3