Minutes - Council - 02/13/1975 - Special

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SPECIAL CITY OF RAMSEY COUNCIL MEETING February 13, 1975 The meeting was called to order at 12:20 by the Mayor, Mr. Cox. Present were Mr. Gorham, Mr. Reimann, Mr. Mickelson and Mrs. Oli- phant. Mr. Thurston, the assessor~ was also present. Mr. Thurston explained assessing procedure. He said if problems arise, they can often be taken care of by coming in to the office beforehand. He said the guide for assessing a house comes from the County and the State. Commercial property is assessed at 43% of market value. An op- erating farm homestead is assessed at 20% on the first $12,000 and 33 1/2% over $12,000 of market value. Homesteaded residen- tial property is valued at 25% on the first #12,O00 and 40% on the balance over $12,000. Residential that is not . homesteaded is valued at 40% of market value. Farms gain addition benefit in the mill rate for the school district. In Ramsey District ll taxes payable on commercial property in 1974 was $35.18 per $1,000 of market value. District #728 was $40.45. Payable in 1974 a $40,000 commercial building was taxe at $1,407.20. A $40,000 homestead was taxed at $836.00; non-homestead was $1,309. There is a differential in A, B, or C homes. Rate on a $25.22 "B" home is $25.22 per square foot; on a low "C" farm home $21.46 per. square foot. Rates are redone every two years. We are raising assessment 19% to 20%. having the books in to the County. March 15th is deadline for Discussion on the fact that houses today are selling for less than they were last year or when they were built. We will ask for a meeting with Mr. Clawson, Mr. Steffens, Mr. Ander- son and Mr. Weaver to discuss this tax situation, as soon as possible. Meeting closed at 1:30 p.m. Respectfully submitted, C 1 erk