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COUNTY OF ANOKA <br /> O[fice qf the County A,~.~'e.~.~r <br /> <br />COURTHOUSE ANOKA, MINNESOTA 55303 612.421-4760 <br /> <br />September 22, 1980 <br /> <br />Memo To: Lester Wirz <br /> <br />From: Gayle Leone <br />Re: <br /> <br />1981 Residential Rate Increase <br /> <br />The 1981 Anoka County residential rate manual was increased <br />by 7%. This is to reflect the increase in the sales of <br />residential property from July 1, 1979 to July 1,1980. I am <br />using the Marshall and Swift index service along with E. H. <br />Boeckhs appraisal manual and index service to arrive at this <br />increase. This data is verified by taking actual resales of <br />residential property in Anoka County from 1979 to 1980, <br />together with sales data from many mortgage lending companies <br />and local real estate firms. Several local contractors are <br />also contacted to verify this increase. <br /> The assessor is charged, by law, to follow the market..value <br /> of all properties and to maintain his values as close to the <br /> selling price as possible; therefore, as real estate increases <br /> in value, so does the assessor's value. <br /> Since the revised value notices went out 11 days ago, we have <br /> had only 4 taxpayers question the new value. None of these <br /> 4 taxpayers felt their value was excessive. <br /> <br />GL:cls <br /> <br /> <br />