04 07 25 City Council BOARD OF EQUALIZATION & APPEAL PUBLIC HEARING
Board of Appeal and Equalization
2025 Property Assessment and 2026 Tax Payable Analysis
Residential, Commercial, and Industrial property value trends
Full Document Analysis
Votes (4)
Adopt the agenda
Moved by Unspecified (recorded as second) · Seconded by Berk
Open the public hearing
Moved by Council Member Francis · Seconded by Council Member Duca
Close the public hearing
Moved by Council Member Duca · Seconded by Council Member Francis
Adjourn
Moved by Unspecified · Seconded by Unspecified
Notable Quotes (2)
For residential, increased by 1.4%. The duplex triplex was decreasing negative -1.9% and the apartment they were decreasing -2.2%.
I do call on all the sales that happened to try and get a the story of why it sold for what it did.
People (3)
Jason ViteHennepin County Residential AppraiserReported that property values remained relatively flat across the county.
1 quote
Reported that property values remained relatively flat across the county.
“It's been very quiet. Might have to do with the fact that, you know, we held values relatively flat across the board.”
Explaining the lack of public inquiries regarding property assessments.
David ThompsonCommercial AppraiserAccompanied Jason Vite to the council meeting.
Accompanied Jason Vite to the council meeting.
DucaCouncil MemberRaised concerns about disparities between sale prices and assigned estimated values.
1 quote
Raised concerns about disparities between sale prices and assigned estimated values.
“The sale price during that period was in many cases significantly more than the assigned 2025 estimated value.”
Questioning the methodology of property assessment versus market sale prices.
Places Mentioned
Events & Meetings (1)
- Special Meeting, Date Unspecified, 7:07 p.m. - 7:08 p.m.