"Where Fillmore County News Comes First"
Wednesday, April 23rd, 2014
Volume ∞ Issue ∞
- 10:21:04, Mar 14th 2014 - Doc - So many winners. ... [Read More]
Fri, Jun 27th, 2003
Posted in Features
Posted in Features
The Fillmore County Board of Appeal and Equalization met on Tuesday afternoon to review assessments of property throughout the county. The total value of all property for the 2003 assessment in Fillmore County is $1,671,962,900, up from $1,519,722,700 the previous year.
In a letter to the County Board, Fillmore County Assessor Robert Pickett stated that property sold in 2002 had an annualized median increase of 13% with a range from 2% to 75%. This is similar to what has been seen in previous years. In the 2002 sales ratio study for the 2003 assessment, there were 243 residential class sales, 22 commercial sales and 45 agricultural sales. Residential properties increased 8% over the past year, with agricultural properties increasing 8.2% and commercial 8.4% from the previous year’s assessment. New construction totalled $26,142,000, an increase of 5.7% from the 2002 assessment. Of this total, $12,573,800 occurred in townships and $13,568,200 in cities. Spring Valley had new construction of $3,855,100, Chatfield $2,563,000, Fountain 1,429,600, Rushford $1,396,300 and Preston $1,074,700. The Board of Equalization voted unanimously to approve the assessor’s recommendation to adjust the estimated market value of property in Newburg Township owned by Michael and Nancy Aske from $83,000 to $77,500. Commissioner Randy Dahl made the point that he wanted the public to know that 1/3 to 1/2 of the commercial property tax levied in the county actually goes to the state. The county assessor agreed stating that the actual percentage going to the state depends on the city tax rate. He also said that some of the tax for seasonal recreational property also goes to the state of Minnesota. “When they say the local tax stays local, it is not always true,” the second district Commissioner said. “This is a backdoor way for the state to get revenue.”