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05-10-2021 Local Board of Appeals & Equalization LOCAL BOARD OF APPEALS AND EQUALIZATION May 10, 2021 6:00 PM Fridley City Hall, 7071 University Avenue N.E. The City of Fridley will not discriminate against or harass anyone in the admission or access to, or treatment, or employment in its services, program, or activities because of race, color, creed, religion, national origin, sex, disability, age, marital status, sexual orientation or status with regard to public assistance. Upon request, accommodation will be provided to allow individuals with disabilities to d any interpreter or other persons with disabilities who require auxiliary aids should contact Roberta Collins at (763) 572-3500. (TTD/763-572-3534). AGENDA CALL TO ORDER ADOPTION OF REGULAR AGENDA REGULAR AGENDA ITEMS NEW BUSINESS 1.LBAE Resolution No. 2021-01, Approving the Equalization of Assessed Valuations of Real and Personal Property in the City of Fridley ADJOURN 2 Jufn!2/ AGENDA REPORT Meeting Date:May 10, 2021 Meeting Type:Local Board of Appeal and Equalization Submitted By:Patrick D. Maghrak, City Assessor Brian T. Northenscold, Appraiser Title LBAE Resolution No. 2021-01, Approving the Equalization of Assessed Valuations of Real and Personal Property in the City of Fridley Background Pursuant to Minnesota Statute §274.01, the Local Board of Appeal and Equalization (LBAE) of the City of Fridley (City) meets annually to determine whether taxable property in the City has been properly valued and classified by the City Assessor (Assessor) and to consider appeals and adjustments as needed.The LBAE examines any appeals from property owners for the current year valuation or classification. Anoka County (County) mailed a notice of valuation to all property owners on March 31, 2021 andthe City publisheda public notice on Friday, April 30, 2021in the Official Publicationand on the City website. The Assessor communicated with any appellants and attempted to resolve any valuation concerns. If the two parties could not come to an agreement, the property owners were asked to appear before the LBAEand present a formal appeal. If the appellant was unable to attend the LBAE, they may enter a written appeal into therecord and preserve their right to appealto the County Board of Appealand Equalization (CBAE). An appeal must be substantiated by facts, along with the property owners being prepared to answer questions posed by the LBAE. If the Assessor had a chance to review the property prior to the meeting, the Assessor can present facts and information after the property owner, along with a recommendation. At that time, the LBAE may decide based on the information presented. Three possible courses of action may be taken: 1) affirm, 2) reduce,or3)increase the 2021Estimated Market Value (EMV). If the Assessor has not reviewed the property prior to the meeting, the LBAE should ask the Assessor to review the property and present their findings to the LBAE ata reconvened meeting. If the LBAE does not resolve their concerns of the appellant(s), they may appeal to the CBAE, which will be held on June 14, 2021at 6:00 p.m.at the Anoka County Government Center. As of May 6, 2021, staff identified threeproperties requiring adjustments totheirEMVs (Exhibit A) and onepropertyrequestinganappeal to the CBAE (Exhibit B). The LBAE may modify these exhibits after holding their public hearings. Staff also preparedthe annualLBAE report(Exhibit C), which includes salesdata, a map of the reassessment area, performance measures and other information relatedto the property assessment process. Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 3 Jufn!2/ Financial Impact In total, the recommended EMV adjustments outlined in Exhibit A result in a reduction of $49,000. Based on 2021 property tax rates, staff estimate the cost of these changes to be approximately $257 in City tax. Recommendation Staff recommend the approval of LBAE Resolution No. 2021-01. Focus on Fridley Strategic Alignment Vibrant Neighborhoods & Places Community Identity & Relationship Building X Financial Stability & Commercial Prosperity Public Safety & Environmental Stewardship Organizational Excellence Attachments and Other Resources !Local Board of Appeals and Equalization Resolution No. 2021-01 !Exhibit A: List of properties with adjusted 2021 EMV approved by LBAE !Exhibit B: List of properties authorized to appeal to the CBAE !Exhibit C: LBAE Report !Exhibit D: Affidavit of Publication Vision Statement We believe Fridley will be a safe, vibrant, friendly and stable home for families and businesses. 4 Jufn!2/ Resolution No. 2021-01 Approving the Equalization of Assessed Valuations of Real and Personal Property as Recommended by the Local Board of Appeal and Equalization for 2021 Whereas, the Local Board of Appeal and Equalization (LBAE) convened and conducted a public hearing on May 10, 2021 to consider appeals to the classification and/or estimated market value (EMV) assessment of properties located within the City of Fridley (City); and Whereas, the EMV is an overview of the 2021 assessments and informs the LBAE of the compliance with State laws and regulations pertaining to the reappraisal and analysis of market conditions; and Whereas, the property owners listed in Exhibit A either resolved their respective appeal regarding their property with the City Assessor or attended the LBAE meeting on May 10, 2021 to appeal the classification and/or EMV assessment of their properties within the City; and Whereas, following the completion of its hearings, the LBAE fixed and approved the assessed EMV to each property listed in Exhibit A and submitted the same to the City Clerk; and Whereas, the LBAE was unable to reach consensus regarding those appeals listed in Exhibit B, preserving the right of those appellants to appeal to the Board of Appeal and Equalization for Anoka County; and Now, therefore be it resolved, that the Local Board of Appeal and Equalization of the City of Fridley hereby accepts and approves the 2021 report of the City Assessor; and Be it further resolved, that the Local Board of Appeal and Equalization hereby approves the adjustments in estimated market value outlined in Exhibit A; and Be it further resolved, that the Local Board of Appeal and Equalization hereby acknowledges and affirms those properties outlined in Exhibit B, preserving the rights of those appellants listed therein to proceed to the Board of Appeal and Equalization for Anoka County. Passed and adopted by the City Council of the City of Fridley this 10th day of May, 2021. _______________________________________ Scott J. Lund Mayor ATTEST: Daniel Tienter City Clerk 5 Jufn!2/ Exhibit A Estimated Market Value (EMV) Changes Parcel Original Adjusted Property Identification 2021 2021 No. Owner(s) Name Property Address Number EMV EMV 1 ASHRAF, LLC 7513 Able St. NE 12-30-24-22-0024 $260,100 $243,100 2 ASHRAF, LLC 7553 Able St. NE 12-30-24-22-0021 $259,800 $242,800 3 Andy Zheng 1632 Rice Creek Rd. NE 13-30-24-44-0002 $440,000 $425,000 4 5 6 7 8 9 10 6 Jufn!2/ Exhibit B County Board of Appeal and Equalization Acknowledgements Parcel Identification No. Property Owner(s) Name Property Address Number rd 1 WIP Petco, LLC 753 53 Ave. NE 23-30-24-44-0009 2 3 4 5 6 7 8 9 10 7 Jufn!2/ City of Fridley Board of Equalization Meeting Nbz21-3132 8 1 Jufn!2/ City of Fridley Table of Contents Bttfttnfou!Dbmfoebs!////////////////////////////////////////////////////////////////////////////////////////////////////////////!4! Bttfttnfou!boe!Wbmvbujpo!Ujnfmjof!Spmm!31320Qbz3133 ......................................................................... 5! Uif!3132!Bttfttnfou!////////////////////////////////////////////////////////////////////////////////////////////////////////////!6! 3132!Rvjoujmf!Nbq!//////////////////////////////////////////////////////////////////////////////////////////////////////////////////!7! 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Uif3132bttfttnfoutipvmesfgmfdunbslfudpoejujpotgps tbmftgspnuifqfsjpePdupcfs2-312:uispvhiTfqufncfs41-3131/Uiftf! tbmftsfqsftfouuifnpujwbujpotpguzqjdbmcvzfstboetfmmfstbdujohjouifjs! pxocftujoufsftu-gsffgspnvoevfjogmvfodf/Uiftftbmftxfsf! nfbtvsfebhbjotubttfttfewbmvftbuuifujnfpg!fbdiusbotbdujpoboeuif! sftvmujohsbujptxfsfvtfeupjoejdbufbozdibohftofdfttbszupbdijfwfuif! ubshfumfwfmpgbttfttnfou/Uifgjobmtufqjouifqspdfttjtupujnfbekvtuuif! tbmftxjuiNjooftpubEfqbsunfoupgSfwfovfusfoejogpsnbujpoboenblf! bozoffefebekvtunfouupbttvsfdpnqmjbodfxjuitubufsfrvjsfemfwfmtpg! bttfttnfou/! 27 10 Jufn!2/ CityofFridley Market Values After thorough study of the sales in the marketplace are conducted, the assessor established the assessed value of all real property. During the study period used, stth October 1, 2019 through September 30, 2020, there were 497 sales recorded in the city of Fridley. Staff verified all sales and determined that 316 of them were “arms- nd lengths” and those sales were used to estimate new market values as of January 2, 2021 In accordance with the results of these sales studies, values were adjusted in all neighborhoods towards the goal median ratio of 94.5% assessed value relative to the median qualified sale price. Entry level housing continues to fuel the growth in the median sales price while upper bracket homes have begun to enjoy larger percentage gain due in large part to historically low interest rates. The trend of low inventory levels continued in the 2020 real estate market and along with record low interest rates combined for another year of strong price appreciation. th Pressure on existing inventory had become so intense by the 4 Quarter that buyers were waiving inspection contingencies, offering between 3 to 6% above list price and adding provisions to supplement down payments if the property did not appraise at the sale price or above. Sales volume was up 3.07% compared with the 2019 market, while the average sales price was up by 4.6% and the median sales price up 5.9% per North Star Multiple Listing Service (MLS). Minnesota Department of Revenue statistics suggest a 6.33%- time trend for the 2021 assessment; trends are used to adjust sale prices up to the nd assessment date for uniform ratios as of January 2, of the assessment year. Land adjustments combined with increased building rates and local effort led to a median value increase of 6.27% for assessed residential values in Fridley. st As of March 31, 2020, there were only 19 homes listed for sale within North Starr MLS and of those, 11 had purchase agreements under contingency. Of the remaining 8 homes, two were new construction near the Fridley Civic Campus. There is still relatively low inventory, but the housing market may become more balanced as restrictions on foreclosure are lifted and lenders begin to sell off their portfolios. Sales in the first six months of the 2022 assessment study period are up 53.5% over last year. There have been 227 sales with 3 in the under $100,000 range, 28 in the $100,000 to $200,000 range, 141 sales in the $200,000 to $300,000 range, 49 sales in the $300,000 to $400,000 range and six sales over $400,000. When compared with the first 6 months of the 2021 assessment study period, the average selling price is up 12.5%, the average market time has decreased 52% from 27 days to 13 days, and sellers are getting just over 100%of the listing price which was the same as last year. Change in Property Values 2019 vs. 2020 Residential value increased from $1,852,957,600 in the 2020 assessment to a 2021 value of $1,969,090,900. Commercial/Industrial value increased from $993,269,100 in 2020 to $1,001,811,100 in 2021; and Apartments increased from $343,624,800 in 2020 to a 2021 value of $386,823,600. As a result of these changes, the time adjusted ratio for the 2021 assessment was 94.51% with a coefficient of dispersion (COD) of 5.88 and a price related differential (PRD) of 100 for residential properties, commercial properties were at 95.67, industrial properties at 87.48 and apartments had an 89.38 ratio. 28 11 Jufn!2/ City of Fridley CREVBREAKDOWNFORROLL 2019STUDY %of Total QualifiedSales31663.58 UnqualifiedSales18136.42 %of REJECTIONCODESANDREASONS Total #1OldSaleOutside21-month StudyPeriod00.0% #2RelativeSale, RelatedBusiness2212.0% #3Governmentor ExemptPartySale31.7% #4PartialInterestSale00.0% #5UseChange00.0% #6UnusualFinancing,Non-CashFinancing21.1% #7PhysicalChangeAfterAssessment Date8144.8% #8DeedCorrection00.0% #9Trade,Gift,EstateSaleNotExposedtoMarket2011.0% #10PriorInterestSale,Lease withOptiontoBuy21.1% #11DORUniqueCode00.0% #12DORUniqueCode10.6% #13DORUniqueCode00.0% #14CDPayoff,MortgageAssumption31.7% Foreclosure, Short Sale, Forced Sale, Legal #1552.8% Action #16AssessorValueforSaleYear NotAvailable21.1% #17ExcessiveNon-RealProperty00.0% #18RewriteTerms/ DefaultonCD00.0% #19Relocation, EmployeeTransfer10.6% #20Leaseback Saleformorethan6months00.0% 31.6% #21Bank/HUDsales.Salesnotexposedtothemkt. #22Less thanMin. DownpmtonCD&over1year42.2% #23SaleunderMinimumAmount$3,000/$10,00000.0% #24SaleofPropertiesinMorethanOneCounty00.0% #25AGPreserve00.0% #26NotTypicalMarketSale3217.7% #27CourtOrderedValue00.0% #28NursingHome/MobilePark00.0% #29AllocatedSalePrice00.0% #30AssessorValueRestrictedbyPlatLaw00.0% #31Assemblage00.0% 29 12 Jufn!2/ City of Fridley MONTHLYSALESDURING THESALESSTUDY Total Month/QuarterQualifiedUnqualified Sales 39 October 6436 39 56 November 28 33 49 December 27 78 4thQuarter 201913658 26 34 January 9 39 29 21 February 26 2: 5 March 48 70 1stQuarter 202022 43 49 7 April 4434 21 May 5: 33 38 June 2ndQuarter202038 12082 34 46 July 69 34 62 39 August 73 28 September 56 3rdQuarter 202017110863 497 AnnualTotals316181 2: 13 Jufn!2/ CityofFridley 31 14 Jufn!2/ CityofFridley 20-202Market Value Comparison 3131BTTFTTNFOU QFSDFOUPGUPUBMNBSLFUWBMVF! BQBSUNFOUT! 21/86& DPNNFSDJBM! JOEVTUSJBM! SFTJEFOUJBM! 41/11& 69/86&! BQBSUNFOUT PUIFS! DPNNFSDJBM!JOEVTUSJBM 1/61& PUIFS SFTJEFOUJBM 3132BTTFTTNFOU QFSDFOU!PGUPUBM!NBSLFU!WBMVF! BQBSUNFOUT! 22/61&! DPNNFSDJBM! JOEVTUSJBM! 41/11& SFTJEFOUJBM! 69/11& BQBSUNFOUT DPNNFSDJBM!JOEVTUSJBM PUIFS PUIFS! 1/61& SFTJEFOUJBM 32 15 Jufn!2/ City of Fridley Residential Appraisal System Qfs!Tubuf!Tubuvuf-!fbdi!qspqfsuz!nvtu!cf!qiztjdbmmz!jotqfdufe!boe!joejwjevbmmz bqqsbjtfe!podf!fwfsz!gjwf!zfbst/Gps!uijt!joejwjevbm!bqqsbjtbm-!ps!jo!uif!fwfou!pg bo!bttfttfe!wbmvf!bqqfbm-!xf!vtf!uxp!tuboebse!bqqsbjtbm!nfuipet!up!efufsnjof boewfsjgzuifftujnbufenbslfuwbmvfpgpvssftjefoujbmqspqfsujft; Gjstu-bobqqsbjtfsjotqfdutfbdiqspqfsuzupwfsjgzebub/Jgxfbsfvobcmfup wjfx!uif!joufsjpspg!b!ipnfpouifgjstuwjtju-bopujdfjtmfgusfrvftujohbsfuvso ufmfqipofdbmmgspnuifpxofsuptdifevmfuijtjotqfdujpo/Joufsjps jotqfdujpotbsfofdfttbszupdpogjsnpvsebubpouifqmbotboetqfdjgjdbujpot pgofxipnftboeupefufsnjofefqsfdjbujpogbdupstjopmefsipnft/ Updbmdvmbufuifftujnbufenbslfuwbmvfgspnuifqspqfsuzebub!xf!vtfb DpnqvufsBttjtufeNbttBqqsbjtbm)DBNB*tztufncbtfepob sfdpotusvdujpomfttefqsfdjbujponfuipepg!bqqsbjtbm/!Uifdptuwbsjbcmftboe mboetdifevmftbsfefwfmpqfeuispvhibobobmztjtpgtusbujgjfe!tbmft!xjuijo uifdjuz/Uijtnfuipevtftuif#QsjodjqmfpgTvctujuvujpo#boedbmdvmbuftxibu bcvzfsxpvmeibwfupqbzupsfqmbdffbdiipnfupebzmfttbhfefqfoefou efqsfdjbujpo/ Bdpnqbsbujwfnbslfubobmztjtjtvtfeupwfsjgzuiftfftujnbuft/Uif qspqfsujftvtfegpsuiftftuvejftbsfuiptfuibunptusfdfoumzibwf!tpme!boe czdpnqvufsbobmztjt-bsfnptudpnqbsbcmfupuiftvckfduqspqfsuzubljoh joupdpotjefsbujpodpotusvdujporvbmjuz-mpdbujpo-tj{f-tuzmf- Uifnbjoqpjoujoepjohbnbslfubobmztjtjtupnblftvsfuibu zpvbsfdpnqbsjoh#bqqmftxjuibqqmft#/Uijtxjmmnblfuifdpnqbsbcmf qspqfsujft#frvjwbmfouup#uiftvckfdu!qspqfsuz!boeftubcmjtibqspcbcmftbmf qsjdfpg!uif!tvckfdu/ Uiftf!uisff!tufqt!hjwf!vtuif!jogpsnbujpo!upwfsjgzpvsbttfttfe!wbmvf!psupbekvtu jujgofdfttbsz/ Sales Studies Bddpsejoh!up!Tubuf!Mbx-!ju!jt!uif!bttfttps(t!kpc!up!bqqsbjtf!bmm!sfbm!qspqfsuz!bu nbslfu!wbmvf!gps!qspqfsuz!uby!qvsqptft/Bt!b!nfuipe!pg!difdlt!boe!cbmbodft- uifEfqbsunfoupgSfwfovfvtfttubujtujdtboesbujptsfmbujohupbttfttfenbslfu wbmvf!boe!dvssfou!tbmf!qsjdft!up!dpogjsn!uibu!uif!mbx!jt!vqifme/Bttfttpst!vtf tjnjmbs!tubujtujdt!boe!tbmft!sbujpt!up!jefoujgz!nbslfu!usfoet!jo!efwfmpqjoh!nbslfu wbmvft/ Btbmftsbujpjtpcubjofeczdpnqbsjohuifbttfttps(tnbslfuwbmvfupuifbekvtufe tbmft!qsjdf!pg!fbdi!qspqfsuz!tpme!jo!bo!bsnt.mfohui!usbotbdujpo!xjuijo!b!gjyfe qfsjpe/!Bo!#bsnt.mfohui#!usbotbdujpo!jt!pof!uibu!jt!hfofsbufe!bgufs!b!qspqfsuz!ibt ibetvggjdjfouujnfpouifpqfonbslfu-cfuxffocpuibojogpsnfecvzfsboetfmmfs xjui!op!voevf!qsfttvsf!po!fjuifs!qbsuz/Uif!nfejbo!ps!nje.qpjou!sbujpt!bsf dbmdvmbufeboe!tusbujgjfeczqspqfsuzdmbttjgjdbujpo/ Uif!gjobm!dbmdvmbujpo!pg!sbujpt!dpnft!bgufs!ujnf!bekvtunfout!ibwf!cffo!bqqmjfe!up tbmft!bt!efufsnjofe!cz!uif!Njooftpub!Efqbsunfou!pg!Sfwfovft!ujnf!usfoe tuvejft/Uijtfggfdujwfmzbddpvoutgpsnbslfudibohftuispvhipvuuiftuvezqfsjpe boe!hjwft!bo!bddvsbuf!tobqtipu!pg!xifsf!qspqfsujft!xpvme!fyqfdu!up!tfmm!bt!pg oe Kbovbsz!3pguif!bttfttnfouzfbs/ 33 16 Jufn!2/ City of Fridley Residential Appraisal System Uif!pomz!qfsgfdu!bttfttnfou!xpvme!ibwf!b!211&!sbujp!gps!fwfsz!tbmf/!Uijt! pg!dpvstf-!jt!jnqpttjcmf/!Cfdbvtf!xf!bsf!opu!bcmf!up!qsfejdu!nbkps!fwfout! uibunbzdbvtftjhojgjdboutijgutjouifnbslfu-uiftubufbmmpxtb!26&! nbshjo!pg!fssps/! Uif!Efqbsunfou!pg!Sfwfovf!bekvtut!uif!nfejbo!sbujp!cz!uif!qfsdfoubhf!pg hspxui!gspn!uif!qsfwjpvt!zfbs(t!bctusbdu!wbmvf!pg!uif!tbnf!dmbtt!pg!qspqfsuz! xjuijo!uif!tbnf!kvsjtejdujpo/!Uijt!bekvtufe!nfejbo!sbujp!nvtu!gbmm!cfuxffo! :1&boe216&/Bozefwjbujpoxjmmxbssboub!tubufnboebufekvsjtejdujpo.! xjef!bekvtunfou!pg!bu!mfbtu!6&/!Up!bwpje!uijt!jodsfbtf-!uif!Boplb!Dpvouz! Bttfttpssfrvftutbnfejbotbmftsbujppg:5/6&/Jguijtmfwfmpg bttfttnfou!epft!opu!gbmm!joup!uif!tubuf!ujnf!bekvtufe!mfwfm!uibo!uif!Dpvouz! nbzbqqmzbobeejujpobmjodsfbtfjotusvduvsfsbuftupnffuuifsfrvjsfe! mfwfm/ Jo!Boplb!Dpvouz-!uif!bcjmjuz!up!tusbujgz!uif!sbujpt!cz!tuzmf-! bhf-!rvbmjuz!pg!dpotusvdujpo-!tj{f-!mboe!{pof!boe!wbmvf/!Uijt!bttjtut! vt!jo!bqqsbjtjoh!bmm!pgpvsqspqfsujft!dmptfs!uphpbm!sbujp/! Sales Statistics Defined Jo!beejujpo!up!uif!nfejbo!sbujp-!xf!ibwf!uif!bcjmjuz!up!efwfmpq!puifs tubujtujdt!up!uftu!uif!bddvsbdz!pg!uif!bttfttnfou/!Tpnf!pg!uiftf!bsf!vtfe buuiftubufboedpvouzmfwfmbmtp/Uifqsjnbsz!tubujtujdtvtfebsf; Aggregate Ratio;!Uijt!jt!uif!upubm!nbslfu!wbmvf!pg!bmm!tbmf!qspqfsujft ejwjefeczuifupubmtbmfqsjdft/Ju-bmpohxjuiuifnfbosbujp-hjwftbojefb pg!pvs!bttfttnfou!mfwfm/Xjuijo!uif!djuz-!xf!dpotuboumz!usz!up!bdijfwf!bo bhhsfhbuf!boe!nfbo!sbujp!pg!:5&!up!:6&!up!hjwf!vt!b!nbshjo!up!bddpvou gps!b!gmvduvbujoh!nbslfu!boe!tujmm!nbjoubjo!sbujpt!xjuijo!tubuf!nboebufe hvjefmjoft/ Mean Ratio;!Uif!nfbo!jt!uif!bwfsbhf!sbujp/Xf!vtf!uijt!sbujp!opu!pomz!up xbudipvsbttfttnfou!mfwfm-cvubmtpupbobmz{fqspqfsuzwbmvftcz efwfmpqnfou-!uzqf!pg!exfmmjoh!boe!wbmvf!sbohf/Uiftf!tuvejft!fobcmf!vt upusbdlnbslfuusfoet!joofjhicpsippet-qpqvmbsipvtjohuzqftboe dmbttft!pgqspqfsuz/ Coefficient of Dispersion (COD);!Uif!DPE!nfbtvsft!uif!bddvsbdz!pg uif!bttfttnfou/Ju!jt!qpttjcmf!up!ibwf!b!nfejbo!sbujp!pg!:4&!xjui!411 tbmft-!uxp!sbujpt!bu!:4&-!25:!bu!91&!boe!25:!bu!214&/Bmuipvhi!uijt!jt bo!fydfmmfou!nfejbo!sbujp-!uifsf!jt!pcwjpvtmz!b!hsfbu!jofrvbmjuz!jo!uif bttfttnfou/Uif!DPE!joejdbuft!uif!tqsfbe!pg!uif!sbujpt!gspn!uif!nfbo ps!nfejbo!sbujp/!Uif!hpbm!pg!b!hppe!bttfttnfou!jt!b!DPE!pg!21!up!31/B DPE!voefs!21!jt!dpotjefsfe!fydfmmfou!boe!bozuijoh!pwfs!31!xjmm!nfbo!bo bttfttnfousfwjfxczuifEfqbsunfoupgSfwfovf/ Price Related Differential (PRD);!Uijt!tubujtujd!nfbtvsft!uif!frvbmjuz cfuxffo!uif!bttfttnfout!pg!ijhi!boe!mpxwbmvfe!qspqfsuz/B!QSE!pwfs 211joejdbuftbsfhsfttjwfbttfttnfou-psuifmpxfswbmvfeqspqfsujftbsf bttfttfe!bu!b!hsfbufs!efhsff!uibo!uif!ijhifs/B!QSE!pg!mftt!uibo!211 joejdbuftbqsphsfttjwfbttfttnfoupsuifpqqptjuf/BqfsgfduQSEpg211 34 17 Jufn!2/ City of Fridley nfbot!uibu!cpui!ijhifs!boe!mpxfs!wbmvfe!qspqfsujft!bsf!bttfttfe!fybdumz frvbm/ Appeals Procedure FbditqsjohBoplbDpvouztfoetpvubqspqfsuzubycjmm/Uisffgbdupstuibu bggfduuifubycjmm!bsf; 2*Uifbnpvouzpvsmpdbmhpwfsonfout)upxo-djuz-dpvouz-fud/*tqfoeup qspwjeftfswjdftup!zpvsdpnnvojuz- 3*Uifubybcmfnbslfuwbmvf!pgzpvsqspqfsuz-boe 4*Uifdmbttjgjdbujpopgzpvsqspqfsuz)ipxju!jtvtfe*/ Uifbttfttpsefufsnjoftuifgjobmuxpgbdupst/Zpvnbzbqqfbmuifwbmvfps dmbttjgjdbujpopgzpvsqspqfsuz/ Informal Appeal Qspqfsuzpxofstbsffodpvsbhfeupdbmmuifbqqsbjtfspsbttfttpsxifofwfs uifzibwfrvftujpotpsdpodfsotbcpvuuifjsnbslfuwbmvf-dmbttjgjdbujpopguif qspqfsuz-psuifbttfttnfouqspdftt/ Bmnptubmmrvftujpotdbocfbotxfsfeevsjohuijtjogpsnbmbqqfbmqspdftt/ Xifoubyqbzfstdbmmrvftujpojohuifjsnbslfuwbmvf-fwfszfggpsujtnbefup nblfbobqqpjounfouupjotqfduqspqfsujftuibuxfsfopuqsfwjpvtmzjotqfdufe/ Jguifebubpouifqspqfsuzjtdpssfdu-uifbqqsbjtfsjtbcmfuptipxuifqspqfsuz pxofspuifstbmftjouifnbslfuuibutvqqpsuuifftujnbufenbslfuwbmvf/ Jgfsspstbsfgpvoeevsjohuifjotqfdujpo-pspuifsgbdupstjoejdbufbwbmvf sfevdujpojtxbssboufe-uifbqqsbjtfsdbofbtjmznblfuifdibohftbuuijtujnf/ Local Board of Equalization UifMpdbmCpbsejodmveftuifnbzpsboedjuzdpvodjmnfncfst/ UifMpdbmCpbsenffutevsjohBqsjmboefbsmzNbz/ Ubyqbzfstdbonblfuifjsbqqfbmjoqfstpopsczmfuufs/ Uifbttfttpsjtqsftfouupbotxfsbozrvftujpotboeqsftfoufwjefodf tvqqpsujohuifjswbmvf/ County Board of Appeal and Equalization Jopsefsup!bqqfbm!up!uifDpvouz!CpbsepgBqqfbm!boeFrvbmj{bujpo-b!qspqfsuz pxofsnvtugjstubqqfbmupuifMpdbmCpbsepgBqqfbmboeFrvbmj{bujpo/ UifDpvouzCpbsepgBqqfbmboeFrvbmj{bujpogpmmpxtuifMpdbmCpbsepg BqqfbmboeFrvbmj{bujpojouifbttfttnfoubqqfbmtqspdftt/ Uifjsspmfjtupfotvsffrvbmj{bujpobnpohjoejwjevbmbttfttnfouejtusjdutboe dmbttftpgqspqfsuz/ 35 18 Jufn!2/ City of Fridley ui UifDpvouz!cpbse!nffut!joKvof/Jo3131juxjmmdpnnfodfpoKvof2bu 7;11!qn/ B!ubyqbzfs!nvtu!gjstu!bqqfbm!upuif!mpdbm!cpbse!cfgpsf!bqqfbmjoh!upuif dpvouzcpbse/ Efdjtjpotpguif!Dpvouz!Cpbse!pgBqqfbmboeFrvbmj{bujpo!dbo!cf bqqfbmfeupuby!dpvsu/ Minnesota Tax Court UifUbyDpvsuibttubufxjefkvsjtejdujpo/FydfqugpsbobqqfbmupuifTvqsfnf Dpvsu-uifUbyDpvsutibmmcfuiftpmf-fydmvtjwfboegjobmbvuipsjuzgpsuififbsjoh boeefufsnjobujpopgbmmrvftujpotpgmbxboegbdubsjtjohvoefsuifubymbxtpguif tubuf/Uifsf!bsf!uxp!ejwjtjpot!pg!uby!dpvsu;uif!tnbmm!dmbjnt!ejwjtjpo!boe!uif sfhvmbsejwjtjpo/ Uif SmallClaimsDivisionoftheTaxCourt pomzifbstbqqfbmtjowpmwjohpof pguifgpmmpxjohtjuvbujpot; Uifubyft-joufsftuboeqfobmujftepopufydffe%6-111/ Uiffoujsfqbsdfmjtdmbttjgjfebtbsftjefoujbmipnftufbeboeuifqbsdfm dpoubjotopnpsfuibopofexfmmjohvoju/ Uiffoujsfqspqfsuzjtdmbttjgjfebtbobhsjdvmuvsbmipnftufbe/ Bqqfbmtjowpmwjohuifefojbmpgbdvssfouzfbsbqqmjdbujpogpsipnftufbe dmbttjgjdbujpopguifqspqfsuz/ Uifqspdffejohtpguiftnbmmdmbjntejwjtjpobsfmfttgpsnbmboeqspqfsuzpxofst pgufo!sfqsftfou!uifntfmwft/Uifsf!jt!op!pggjdjbm!sfdpse!pg!uif!qspdffejoht/ Efdjtjpotnbefczuiftnbmmdmbjntejwjtjpobsfgjobmboedboopucfbqqfbmfe gvsuifs/Tnbmmdmbjntefdjtjpotepoputfuqsfdfefou/ UifSfhvmbsEjwjtjpopguifUbyDpvsuxjmmifbsbmmbqqfbmt-jodmvejohuiptfxjuijo uifkvsjtejdujpopguiftnbmmdmbjntejwjtjpo/Efdjtjpotnbefifsfdbocfbqqfbmfe upbijhifsdpvsu/ UifqsjodjqbmpggjdfgpsuifUbyDpvsujtmpdbufejoTu/Qbvm/Ipxfwfs-uifUby Dpvsujtbdjsdvjudpvsuboedboipmeifbsjohtbubozpuifsqmbdfxjuijouiftubuftp uibu!ubyqbzfst!nbz!bqqfbs!xjui!bt!mjuumf!jodpowfojfodf!boe!fyqfotf!up!uif ubyqbzfs!bt!qpttjcmf/!Bqqfbmt!pg!qspqfsuz!mpdbufe!jo!Boplb!Dpvouz!bsf!ifbse!bu uif!Boplb!Dpvouz!Dpvsuipvtf-!xjui!usjbmt!tdifevmfe!up!cfhjo!po!Uivstebzt/ Uisff!kvehft!nblf!vq!uif!Uby!Dpvsu/Fbdi!nbz!ifbs!boe!efdjef!dbtft joefqfoefoumz/Ipxfwfs-bdbtfnbzcfusjfecfgpsfuiffoujsfdpvsuvoefsdfsubjo djsdvntubodft/ UifqfujujpofsnvtugjmfjoubydpvsupopscfgpsfBqsjm41pguifzfbsjoxijdiuif ubyjtqbzbcmf/ 36 19 Anoka County VALUATION NOTICE Jufn!2/ Alex Guggenberger, County Assessor 2022 Qspqfsuz!Sfdpset!boe!Ubybujpo 2021 Values for Taxes Payable in 3211!4se!Bwfovf Boplb-!NO!66414 Qspqfsuz!uby!opujdft!bsf!efmjwfsfe!po!uif!gpmmpxjoh!tdifevmf; )874*434.6511 Valuation and Classification Notice xxx/boplbdpvouz/vt Tufq Dmbtt;SFT!ITUE See Details Ftujnbufe!Nbslfu!wbmvf; !%336-711 Below. Ipnftufbe!Fydmvtjpo; !%27-:47 Property ID Number: 1 1 Ubybcmf!Nbslfu!Wbmvf;! !%319-775 Proposed Taxes Notice Tufq 3133!Qspqptfe!Uby;Dpnjoh!Opwfncfs!3132 Taxpayer(s): 2 Property Tax Statement GSJEMFZ!NO!66543.1111 Tufq tu 2Ibmg!Ubyft; Dpnjoh!Nbsdi!3133 oe 3Ibmg!Ubyft; 3 Property Description: Upubm!Ubyft!Evf!jo!3133; MPU!CML!!TZMWBO!IJMMT!QMBU!-!TVCK!UP!FBTF!PG!SFD! The time to appeal or question your CLASSIFICATION or VALUATION is NOW! Pxofs)t*; Ju!xjmm!cf!upp!mbuf!xifo!qspqptfe!ubyft!bsf!tfou/ Property Address;!7252!TUBSMJUF!CMWE!OF!-!GSJEMFZ!NO!66543.1111 How to Respond Your Property's Classification(s) and Values Taxes Payable In 2021Taxes Payable In 2022 Jg!zpv!cfmjfwf!zpvs!wbmvbujpo! (2020 Assessment)(2021 Assessment) boe!qspqfsuz!dmbtt!bsf Uif!bttfttps!ibt!efufsnjofe!zpvs!qspqfsuz(t!dmbttjgjdbujpo)t*!up!cf;! dpssfdu-!ju!jt!opu!ofdfttbsz up!dpoubdu!zpvs!bttfttps!ps SFT!ITUESFT!ITUE buufoe!boz!mjtufe!nffujoht/ Jg!zpv!ibwf!dpodfsot!bcpvu! uif!jogpsnbujpo!po!uijt! opujdf-please contact your If this box is checked, your classification has changed from last year's assessment. assessor/!Jg!zpvs!rvftujpot! Uif!bttfttps!ibt!ftujnbufe!zpvs!qspqfsuz(t!nbslfu!wbmvf!up!cf;! ps!dpodfsot!bsf!opu!sftpmwfe- npsf!gpsnbm!bqqfbm!pqujpot! Estimated Market Value (EMV) $217,000 $225,600 bsf!bwbjmbcmf/ Tfwfsbm!gbdupst!dbo!sfevdf!uif!bnpvou!uibu!jt!tvckfdu!up!uby;! Hsffo!Bdsft!Wbmvf!Efgfssbm Please read the back of this notice!gps!jnqpsubou Svsbm!Qsftfswf!Wbmvf!Efgfssbm jogpsnbujpo!bcpvu!uif! Pqfo!Tqbdf!Wbmvf!Efgfssbm gpsnbm!bqqfbm!qspdftt/ Qmbuufe!Wbdbou!Mboe!Fydmvtjpo Qspqfsuz!jogpsnbujpo!jt! Fydmvtjpo!gps!Wfufsbot!xjui!Ejtbcjmjujft bwbjmbcmf!gps!wjfxjoh! Npme!Ebnbhf!Fydmvtjpo Npoebz!.!Gsjebz-!9;11!b/n/!. Ipnftufbe!Nbslfu!Wbmvf!Fydmvtjpo 5;41!q/n/!bu!uif!Boplb! !%28-821!%27-:47 Dpvouz!Hpwfsonfou!Dfoufs- Taxable Market Value (TMV) $199,290 $208,664 Sppn!22:!Qvcmjd!Sftfbsdi! Bsfb-!3211!4se!Bwf/-!Boplb- Uif!gpmmpxjoh!wbmvft!)jg!boz*!bsf!sfgmfdufe!jo!zpvs!ftujnbufe!boe!ubybcmf!nbslfu!wbmvft;! ps!pomjof!bu! Ofx!Jnqspwfnfou!Wbmvf xxx/boplbdpvouz/vt Uif!dmbttjgjdbujpo)t*!pg!zpvs!qspqfsuz!bggfdu!uif!sbuf!bu!xijdi!zpvs!wbmvf!jt!ubyfe/! The following meetings are available to discuss or appeal your value and classification: Mpdbm!Cpbse!pg!Bqqfbm!boe!Frvbmj{bujpo0Pqfo!CpplDpvouz!Cpbse!pg!Bqqfbm!boe!Frvbmj{bujpo!Nffujoh Nbz!21-!3132!7;11qn!.!Kvof!25-!3132!7;11qn!.! GSJEMFZ!.!VQEBUFT!BU!DJUZ!XFCTJUFBOPLB!DPVOUZ!HPWFSONFOU!DFOUFS 8182!VOJWFSTJUZ!BWF!OF-!GSJEMFZ-!NO!665433211!4SE!BWFOVF-!BOPLB!NO-!66414!SPPN!$816 UP!EJTDVTT!WBMVFT!QMFBTF!DBMM!GPS!NPCJMF!IPNF;!874.435.2294BQQPJOUNFOUT!BSF!FODPVSBHFE GPS!SFBM!FTUBUF!QBSDFM;!874.683.4648!PS!!874.683.4647UP!TDIFEVMF!QMFBTF!DBMM!.!874.435.2286 37 Qsjou!Ebuf;!16016032 Definitions Appealing the Value or Exclusion for Veterans With Disabilities!.!Wfufsbot Jufn!2/ Classification of Your Property xjui!rvbmjgzjoh!ejtbcjmjujft!nbz!cf!fmjhjcmf!gps!b! wbmvbujpo!fydmvtjpo!po!uifjs!ipnftufbe!qspqfsuz/ Informal Appeal Options - Contact Your Assessor Estimated Market Value!.!Uijt!wbmvf!jt!xibu!uif! bttfttps!ftujnbuft!zpvs!qspqfsuz!xpvme!mjlfmz!tfmm!gps! Jg!zpv!ibwf!rvftujpot!ps!dpodfsot-!uif!bttfttps!dbo!ifmq!fyqmbjo!uif! po!uif!pqfo!nbslfu/ efubjmt!pg!zpvs!qspqfsuz(t!wbmvbujpo!boe!dmbttjgjdbujpo/!Dpoubdu! jogpsnbujpo!gps!zpvs!bttfttps(t!pggjdf!jt!po!uif!puifs!tjef!pg!uijt!opujdf/ Green Acres!.!Bqqmjft!up!dmbtt!3b!bhsjdvmuvsbm! qspqfsuz!uibu!jt!gbdjoh!jodsfbtjoh!wbmvft!evf!up! Tpnf!kvsjtejdujpot!dipptf!up!ipme!pqfo!cppl!nffujoht!up!bmmpx!qspqfsuz! qsfttvsft!opu!sfmbufe!up!uif!bhsjdvmuvsbm!wbmvf!pg!uif! pxofst!up!ejtdvtt!uifjs!dpodfsot!xjui!uif!bttfttps/!Jg!uijt!jt!bo!pqujpo! mboe/!Uijt!wbmvf!jt!efufsnjofe!cz!mppljoh!bu!xibu! bwbjmbcmf!up!zpv-!uif!nffujoh!ujnf)t*!boe!mpdbujpo)t*!xjmm!cf!joejdbufe!po! dpnqbsbcmf!bhsjdvmuvsbm!mboe!jt!tfmmjoh!gps!jo!bsfbt! xifsf!uifsf!jt!op!efwfmpqnfou!qsfttvsf/!Uif!ubyft! uif!puifs!tjef!pg!uijt!opujdf/ po!uif!ijhifs!wbmvf!bsf!efgfssfe!voujm!uif!qspqfsuz!jt! tpme-!usbotgfssfe-!xjuiesbxo-!ps!op!mpohfs!rvbmjgjft!gps uif!qsphsbn/ Formal Appeal Options Homestead Market Value Exclusion!.!Bqqmjft!up! sftjefoujbm!ipnftufbet!boe!up!uif!ipvtf-!hbsbhf-! 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Option 1 - The Boards of Appeal and Equalization qspqfsujft!wbmvfe!bu!%524-911!ps!npsf/ Zpv!nbz!bqqfbs!cfgpsf!uif!Cpbset!pg!Bqqfbm!boe!Frvbmj{bujpo!jo!qfstpo- New Improvements!.!Uijt!jt!uif!bttfttps(t!ftujnbuf uispvhi!b!mfuufs-!ps!uispvhi!b!sfqsftfoubujwf!bvuipsj{fe!cz!zpv/!Uif! pg!uif!wbmvf!pg!ofx!ps!qsfwjpvtmz!vobttfttfe! nffujoh!ujnft!boe!mpdbujpot!bsf!po!uif!puifs!tjef!pg!uijt!opujdf/ jnqspwfnfout!zpv!ibwf!nbef!up!zpvs!qspqfsuz/ You must have presented your case to the Local Board of Appeal Plat Deferment!.!Gps!mboe!uibu!ibt!cffo!sfdfoumz! and Equalization BEFORE appealing to the County Board of Appeal qmbuufe!)ejwjefe!joup!joejwjevbm!mput*!cvu!opu!zfu! and Equalization. jnqspwfe!xjui!b!tusvduvsf-!uif!jodsfbtfe!nbslfu!wbmvf evf!up!qmbuujoh!jt!qibtfe!jo!pwfs!ujnf/!Jg!dpotusvdujpo! Step 1 - Local Board of Appeal and Equalization cfhjot-!ps!jg!uif!mpu!jt!tpme!cfgpsf!fyqjsbujpo!pg!uif! qibtf.jo!qfsjpe-!uif!mpu!xjmm!cf!bttfttfe!bu!gvmm! 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Taxable Market Value!.!Uijt!jt!uif!wbmvf!uibu!zpvs! Frvbmj{bujpo/!Qmfbtf!dpoubdu!uif!dpvouz!bttfttps(t!pggjdf!up!hfu!po!uif! qspqfsuz!ubyft!bsf!bduvbmmz!cbtfe!po-!bgufs!bmm! bhfoeb!ps!gps!npsf!jogpsnbujpo/ sfevdujpot/ Option 2 - Minnesota Tax Court Efqfoejoh!po!uif!uzqf!pg!bqqfbm-!zpv!nbz!ublf!zpvs!dbtf!up!fjuifs!uif! Tnbmm!Dmbjnt!Ejwjtjpo!ps!uif!Sfhvmbs!Ejwjtjpo!pg!Uby!Dpvsu/!Zpv!ibwf! voujm!Bqsjm!41)Pdupcfs!2!gps!nbovgbduvsfe!ipnft!bttfttfe!bt!qfstpobm! qspqfsuz*!pg!uif!zfbs!jo!xijdi!ubyft!bsf!qbzbcmf!up!gjmf!bo!bqqfbm!xjui!uif! Tnbmm!Dmbjnt!Ejwjtjpo!ps!uif!Sfhvmbs!Ejwjtjpo!pg!Uby!Dpvsu!gps!zpvs! wbmvbujpo!boe!dmbttjgjdbujpo/ Gps!npsf!jogpsnbujpo-!dpoubdu!uif!Njooftpub!Uby!Dpvsu; 762.64:.4371!ps!gps!NO!Sfmbz!dbmm!2.911.738.463: Phone: xxx/no/hpw0uby.dpvsu On the web: Gps!npsf!jogpsnbujpo!po!bqqfbmt-!wjtju!uif!Efqbsunfou!pg!Sfwfovf!xfctjuf;!xxx/sfwfovf/tubuf/no/vt/ 38 Jufn!2/ City of Fridley Minnesota Statutes 274.01 BOARD OFAPPEAL AND EQUALIZATION. 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