04-26-2000 Board of Review - Laserfiche WebLink

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LOCAL BOARD OF REVIEW SUMMARY • The valuation notices shall be in writing and be sent by ordinary mail at least ten calendar days before the meeting of the local board of review. The local board of review statutory requirements covered under M.S. 274.01. • The meetings must be held between April 1 and May 31 each year. The board of review must complete its work and adjourn within 20 days from the time of convening stated in the notice of the clerk. Calendar days, original night is day one. • Local Boards of Review must see that all taxable property is properly assessed, valued, and classified for all current assessments. The board may consider both real and personal property. • If any property has been omitted, the board must correct the assessment by adding it to the list of assessments along with its market value. • The board may not increase or decrease by percentage all assessments in a district of a given class of property. Changes in the aggregate assessments by classes are made by the county board of equalization. • Although the local board has the authority to increase or decrease individual assessments, the total of such adjustments must not reduce the aggregate assessment by more than one percent. If the changes exceed one percent of the aggregate assessments, none of the adjustments will be allowed. • The local board does not have the authority to reopen former assessments on which ta.xes are due and payable. The board only considers assessments in the current vear. • The board may find instances of undervalued properties. The board must notify the owner of the property that the value is going to be raised. The property owner may then appear before the board if they so wish.