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2 Board of Review/Equilization CITY OF CHANHASSEN ) City Center Dri." PO Box 147 :hanhlJ Jen, Minn"ota 55317 Phont612.937.1900 GtntraIFax612.937.5739 nginttTing Fax 612.937.9152 ,blic Saftty Fax 612.934.2524 Veb www.ci.chanhas.tn.mn.us J.. - MEMORANDUM TO: Scott Botcher, City Manager Todd Gerhardt, Asst. City Mamiger ~I April 19, 2000 FROM: DATE: SUBJ: Local Board of Review Meeting Notices were sent out to all property owners notifying them of their proposed "2000 Estimated Market Values." .Each year the City Council holds a meeting called the Local Board of Review. This meeting gives property owners the opportunity to appeal their estimated market valuation. The notice specified April 24, 2000 at 7:00p.m. as the deadline for property owners to submit their appeal to the Local Board of Review. The City/Carver County Assessor held an informational meeting on April 3, 2000 to discuss the assessment process used in 2000, and to answer specific questions regarding their individual parcel. There were approximately ten people who attended this meeting. Monday night's meeting is the first step in the property owner's appeal process. The property owner can make their appeal in person, or by sending a letter. If they do not make this appeal by the April 24 deadline, they cannot be heard by the Board of Review/City Council, or the County Board of Equalization, which is the second step in the process (see attachment #3). If the property owner is not satisfied with the decision made in steps I and 2, their last step is Tax Court. RECOMMENDATION: After receiving everyone's comments on Monday night, staff (Carver County Assessor's office) should be directed to contact each property owner to formally review their appeal and have the assessor explain the methodology used in determining their Estimated Market Value. After the assessor's office has completed their review with each property, they will provide a written analysis of their findings on each parcel and a staff recommendation for the Board of Review (City Council) to consider at their May 8, 2000 meeting. Attached for the City Council's review is the "V ear 2000 Assessment Summary" prepared by the Carver County Assessing Department. Their summary outlines the activity of the city's sales and growth rate, areas that were re-appraised, ~, City of Chanhass,". A rrowinr community with cltan lak", auality schook a charmin! downtown, thrivin! busin""" and btautifùl park,. A fTtat pia" to li!lt, work, and play. Scott Botcher, City Manager 04/20/00 Page 2 bnilding/land value information, and analysis of the improved equity between neighborhoods. ATTACHMENT I. Year 2000 Chanhassen Assessment Summary 2. "Notice of Estimated Market Value" 3. "How Appeal Process Works" g:\admin\tg\boardo&eviewmtg.doc C CARVER COUNTY Carver County Assessor 600 East Fourth Street Chaska, MN 55318 Notice of Your Property's Estimated Market Value and Property Gass For Taxes Payable in 2001 ~. ~. tS :¡;;; .ù' Parcel 10: R25.0131600 State law requires all property ownelll to be notified of any changes in their market value or property class. " Property Owner(s): Property C","": Property is classified according to ils use. Bare land, with no clear use, is classified according to ils highest and best use. Different classes of property are taxed at different rates established by the state legislature. 7516 C 17 CHANHASSEN HRA 690 CITY CENTER DR PO BOX 147 CHANHASSEN MN 55317-0147 Property Class: COMM Property Address: Municipality: CHANHASSEN CITY 1. 2000 Estimated Market Value is the assessor's estimate of what a property would sell for in an arm's length transaction. Market value is defined a,s the most probable price that a well informed buyer would pay a well informed seller for a property without either party being unduly pressured to buy or sell. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,800 2. Value of New Improvements is the assessor's estimate of the value improvements have added to the property. New improvements are not eligible for limited market value. ......................................................... !i; 3. 2000 Limited Market Value applies to agricultural, residential or noncommercial seasonal recreational residential property. This provision limits increases on taxable values to not more than 8.5 percent over the preceding year's Umited market value (or estimated market value if there was no linûted) or 15 percent of the difference between the two year's values, whichever is greater. ............................................................................ !i; 4. Green Acres is a tax deferment program for agricultural property. The deferment is designed to protect farm land from valuation or taxation increases resulting from outside economic influences such as urban development or the proximity of the land to a lake or river. . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . !i; 5. Exemption for This Old House Improvements applies to homes 45 years of age or older. Improvements that increase the assessor's estimated market value by $5.000 or more may have some of the value exempted. To qualify, the property must be the applicant's homestead in the year the improvements were made. Further information may be obtained from your coW\ty assessor's office. ................................. S; 6. 2000 Taxable Market Value is the value your property tax is actually based on. It is the final value after aU reductions/Jixnitationsanddeferrals ....................................... .............................. $ 57.800 Preliminary Review If you have questions concerning this notice or the valuation or classification of your property, please first call your assessor's office at: 952-361.1960. Often questions or concerns can be addressed without a formal appeal. Please note: This pre1inùnary review is provided as a service to property owners. It is not a formal part of the appeal process and it does not take the place of the Local Board of Review or any other appeal proceedings. You may appeal your valuation or classification at the following locations: Local Board of Review meeting: APRIL 24, 2000 7PM CHANHASSEN CITY HALL County Board of Equalization meeting: JUNE 19, 2000 9:00AM CHASKA GOV'T CENTER Carver County will hold the following informational meetings: INFORMATION MEETING APRIL 3, 2000 7PM CHANHASSEN CITY HALL /lffoc)lIJ1Ø/¡1- lfd.- vrub See back of page for additional instructions, conditions and limitations, Factors That Mfect Your Property Tax The tax you pay next year is detennined by three factors: (1) the property's taxable market value, (2) the classification of the property and (3) the amount of money spent by local taxing jurisdictions. H you disagree with either your property valuation or classification, you can review them with your assessor at the alternative review meeting or you can appeal directly to the County Board of Equalization. Comments you have concerning local taxing jurisdictions' spending should be made at Truth in Taxation hearings held in the fall of the year. Budget decisions that affect the following year's property taxes are made at these meetings. How to Appeal Your Estimated Market Value or Property Oass H you disagree with your estimated market value or property class, you may make fonnal appeal in one of the following ways: Three-Step Appeal Step One: local Board of Review. Your first official opportunity to appeal your property valuation or class is at the Local Board of Review. You may make your appeal in person, through a designated representative or by sending a letter. If your appeal is unsuccessful, proceed'to step two. NOTE: If you do not first appeal to the Board of Review, your appeal cannot be heard by the county Board of Equalization. Step Two: County Board of Equalization Appeals to the county Board of Equalization can be made in person, through a designated representative, or by sending a letter. To schedule an appointment for your appeal, call the county auditor's office at 952-361-1960. If you are dissatisfied with the results of this appeal, you may continue to step three. Step Three: Tax Court There are two divisions of the Minnesota Tax Court, the small claims division and the regular division. , . '., The small claims division will hear appeals involving all homestead property, or other properties with estimated market values of less than $100,000. This division will only hear appeals that have first been presented to the Local Board of Review (if held) and the County Board of Equalization. The small claims division is quite infonnal. All decisions of the small claims division are final and cannot be appealed to another court. The cost of filing an appeal in the small claims division is $25.00 plus a library fee. The regular division will hear all appeals. The regular division is more fonnal than the small claims division. Taxpayers are often represented by an attorney. Ordinary rules of court and evidence apply. Decisions of the regular division can be appealed to a higher court. The cost of filing an appeal in the regular division is $12200 plus a library fee. One-Step Appeal Appeals may be made directly to the regular division of the Tax Court without utilizing the Local Board of Review and County Board of Equalization. The regular division of the Tax Court is described above. All appeals to Tax Court must be filed on or before March 31 of the year the tax becomes payable. Specific instructions for appealing to Tax Court can be obtained by contacting the Minnesota Tax Court, Room 245,25 Constitution Avenue, St. Paul, MN 55155 or from the court administrator of the county in which your property is located. You may obtain additional information for their web site at www.taxcourt.state.mn.us. /J!khP1&11I# ~3 VN20011b