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Spring Valley discusses property values and taxes


Fri, Apr 15th, 2011
Posted in Government

PROPERTY VALUES AND YOUR TAX BILL

The Spring Valley City Council started their meeting at 5:30 rather than the traditional 6:00pm. The earlier time is required by the state to set aside a definite time for property owners to appear before the Council to make inquiries concerning their property tax valuations. The Board of Review traditionally does not have a large turnout of citizens and this night was no exception. As a citizen and property owner, you have the right to attend and appeal several items. First, the Local Board of Appeal and Equalization Rules and Duties can reduce the value of property or increase the value. It can add properties to the assessment list or add improvements to the assessment list. The Appeals can change the classification of a property.

Other changes that can be looked at would be to consider prior year assessment and order percentage increases or decreases for an entire class of property. Other limitations include reducing the aggregate assessment by more than one percent. The appeal cannot exempt property or make changes benefiting a property owner who refuses entry by the assessor.

Traditionally, property valuations of property are based on several factors: median sales ratios are used for equalization along with sales in any taxing district in any property class. The list of "can do's" and can't do's" goes on and on.

It all comes down to having a process to appeal if you don't agree with the property value or classification of your property. If you don't appear before the board to voice your opinion, then yours will not be changed.

Looking at Fillmore County, and Spring Valley in particular, we see that there were 31 sales as compared to 16 in Harmony, 15 in Preston and seven in Wykoff. The estimated market value of property in Spring Valley Township is $112,324, 400. In Spring Valley the new construction is $761,500.

METHODIST CHURCH SUMMER CONCERT

Other action by the Council was the granting of the Faith United Methodist Church Summer Concerts on June 18, July 16 and August 20th. Consideration will be given to having the event end at 10pm.

SEWER RATES

The sewer rates will be going up this year. The Council approved the increase because of lack of revenue. The cash flow will be reviewed every year to see if further adjustments are necessary. The average residential bill will increase $2.80 per month, moving the average residential bill to $32.35. [Read the Rest]

Chatfield to prepay four bonds

Fri, Apr 15th, 2011
Posted in Government



City Clerk Joel Young recommended the calling and prepayment of four bonds at the council's April 11 meeting. The bonds are requiring interest payments of between 4.5 percent and 5.75 percent, which is much higher than investment interest th ..... 
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Harmony assesses properties

Fri, Apr 15th, 2011
Posted in Government



County Assessor Fred Horihan was at the Harmony City Council meeting on April 12 to discuss property values during the Board of Review. He explained how he assessed properties in Harmony this last year. He ended up raising the value of the h ..... 
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Property values in Lanesboro

Fri, Apr 15th, 2011
Posted in Government



County Assessor Ron Vikre attended the Lanesboro City Council meeting on April 11 for the Board of Equalization meeting. He was there to discuss property values, and not taxes. He said most of the property valuations stayed the same in Lanes ..... 
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County approves Forestville boundary expansion

Fri, Apr 8th, 2011
Posted in Government

Mark White, Forestville State Park, explained at the county board's April 5 meeting that legislation to expand the boundaries of Forestville was approved and signed into law by Governor Mark Dayton.

The 460 acres in question are currently ow ..... 
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Census reveals Chatfield growth

Wed, Apr 6th, 2011
Posted in Government

City Clerk Joel Young announced at the city council's March 24 meeting that the city has seen some growth, which is good news for us. The 2010 census documented the population of the city to be 2,779 compared to the previous census which found it at ..... 
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Will racino gambling come to Minnesota?

Wed, Apr 6th, 2011
Posted in Government

Maybe the stars have at last aligned for the supporters of Racino Gambling. Republican Senator David Senjem, district 29 Rochester, and Representative Bob Gunther, district24A Fairmont, publicly introduced the legislation on March 21. Senjem is the ..... 
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Spring Valley reviews audit of 2010 finances

Wed, Apr 6th, 2011
Posted in Government

Members of the Spring Valley City Council settled back in their chairs and listened intently as Tom Wente of Smith Schafer and Associates, LTD, presented the audit of the city's 2010 finances.

The audit report contained the language that se ..... 
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Spring Valley residents urged to donate to food shelf

Fri, Mar 25th, 2011
Posted in Government



"Nearly half of hungry Minnesotans are children twelve years old and younger, and the fastest growing groups of hungry Minnesotans are senior citizens!" A statement such as this definitely gets your attention. Mayor Jim Struzyk walked throug ..... 
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