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FUTURE ASSESSMENTS 1990 assessment involved a substantial change from prior years. It redefined the assessment process in the City of Ramsey by designatir~g zones or neighborhoods of similar type properties. This was done to ensure equity in the assessment and future assessments, and to allow the assessor to react to market changes in each individual neighborhood. Some of lhe problems that may be involved with the redefinition of zones or neighborhoods may be: 1) Some inequity on individual properties due to the lack of ability to inspect those properties and adjust inaccurate physical data on those properties; 2) There may be some inequity due to the comprehensive ,~...[~.,re of the land adjustments due to the lack of ability to inspect all of the land in the City of Ramsey; 3) There is a possibility of nonconforming neighborhoods in a zone or that one neighborhood may be placed in the wrong zone. The only solution to these problems will involve the physical inspection by the City Assessor of all of the properties in the City of Ramsey which can only be done at a rate of 25% of the properties in the City per year, and citizen involvement or feedback from the citizens in the individual neighborhoods providing much needed information on the valuation of properties in their area. The strengths of the redefinition of zones in the City of Ramsey may involve a resolution of past inequities in the tax burden of the City and may restore equity to all properties in the City of Ramsey based on their individual market values. The facts being that 1990 was a year where the values were restructured, especially in the residential real estate market, I anticipate little change in the 1991 assessment in that area. One area of concern for the 1991 assessment is the commercially zoned properties which were not inspected in 1990. In 1991, the commercial assessment will be completed and the values of the properties there will be restructured. This is very important because sales ratio studies in the commercially zoned area of Ramsey indicate that a more equitable assessment is required. The reassessment of this commercially zoned area in Ramsey was not done in 1990 due to the enormous amount of time which would be required to complete that assessment. There was not enough time in 1990 to complete a restructuring of both the residential and commercial real estate markets. I hope this report gives you a better understanding of how the 1990 assessment was prepared, why it was prepared with substantial changes from previous years and how these changes affect future assessments. If you have any questions, concerning the assessment, please contact me as I welcome any input which may improve the assessment of the City of Ramsey both now and in the future. Respectfully submitted, John E. Keefe l ;3~s~,y City Assessor 15