[PAGE 1] 2022 MINUTES LOCAL BOARD OF APPEAL & EQUALIZATION CITY OF OWATONNA Council Vice President Raney called the meeting of the Local Board of Appeal and Equalization (LBAE) to order at 6:00 p.m. on Tuesday, April 19, 2022 in Council Chambers at City Hall. Present were Council Members Boeke, Dotson, Burbank, Svenby, Voss and Raney; Mayor Kuntz; William Effertz, Steele County Assessor; Brock Nelson, Steele County Assistant Assessor; City Administrator Busse and Administrative Specialist Clawson. Council Member Svenby made a motion to approve the agenda, Council Member Voss seconded the motion, all members voted aye in approval. City Administrator Busse explained State Statute requires at least one voting member of the Council be certified with the Department of Revenue for completing LBAE training within the last four years. Current certifications are held by Council Members Svenby, Voss and Boeke. County Assessor Effertz commented he plans to retire at the end of May so this will be his last year to present the City’s Annual Assessment Report. The Steele County Assessor’s Department analyzes real estate sales during a 12-month period to modify the mass appraisal system to the current market as well as to improve equalization amount properties. Sales from October 1, 2020 – September 30, 2021 were used to complete this report and analyzed for market trends and assessment to sale ratio. Effertz explained the purpose of the LBAE is to provide a fair and objective forum for property owners to appeal their valuation and/or classification. The goal of the LBAE is to address property owner’s issues fairly and objectively. They are required to inspect 25% of parcels; this year, they looked at properties east of I-35, south of Cherry Street and north of School Street. The objective of the assessor is to be both accurate and uniform. There are three reasons that valuations change each year: 1. Market Adjustments: Occur due to the ever-changing market conditions of the real estate market. Different types of real estate changes at different rates. The 2022 adjustment rate was 17.07%, last year it was 6.31%. 2. Equalization. Even in a stable market, property values will change due to equalization. If a property value based on analysis of sales, is thought to be under or over assessed, either in relation to other properties or to a range of acceptable guidelines, the valuation may increase or decrease. 3. New improvements. The Commissioner of Revenue requires all property types be assessed between 90-105% of selling price. Any assessment by aggregate property type that is outside of this range will be adjusted accordingly by the State Board of Appeal and Equalization. Percentage of Property Types within the City for 2022 Estimated Market Values are: Residential 73.91% Commercial & Industrial 18.85% Apartments 5.79% Agriculture Land 1.45% Minnesota Statue 273.1251 states all property must be valued at its market value. To facilitate this the Department of Revenue mandates the median ratio in each jurisdiction, with an [PAGE 2] Minutes - City of Owatonna Board of Appeal & Equalization Tuesday, April 20, 2021 Page 2 of 4 adequate number of sales between 90%-105%. This ratio is determined by taking the assessed value by the sale price. The City’s ratio at the beginning of the evaluation cycle was 74.55%; 421 sales were used in the Sales Ratio Study to adjust this property ratio to 91.07%. Net Tax Capacity, the effective measurement of the tax base, increased $4.65 million or 17.7%. This reflects the changes in the market valuations plus the addition of new construction which leads to the expanding tax base. Owatonna’s Net Tax Capacity has been on a steady incline over the last five years creating a ripple benefit for everyone. The total Estimated Market Values without New Construction expanded 15.7% to $2.672 billion. Valuations of all property types increased during 2022 (these ratios do not include new construction values): Total Agriculture / Rural 3.84% Total Residental 20.2% Apartments 5.76% Commercial/Industrial 2.6% Industrial 5.48% Estimated Market Value of New Construction was $41,842,300. Miscellaneous 2022 Data: Residential Home Sales: 630 transactions; 61 more transactions than last year Median Sale Price $215,000; $28,000 increase over last year Residential Vacant Lot Sales: 39 sales; 9 more than last year Median Sale Price $35,600; $2,600 increase over last year Residential Estimated Market Value Median Value $221,650; $39,450 increase (20.2%) over last year Median Value per square foot $172; $28 increase over last year Number of new homes built 35; 2 more than last year Assessor Effertz explained property owners have opportunity to appeal their proposed property valuations. Their appeal is first presented to the Local Board of Appeal. After tonight’s meeting, if the property owner is still not satisfied with their proposed 2022 assessment, the next step in the appeal process is to make an appointment to attend the Steele County Board of Appeal and Equalization Meeting. This meeting will be held on June 14, 2022 at 7:00 p.m. in the County’s Administration Center. Valuation protests were received on these parcels within the City of Owatonna with the proposed recommendations from the Assessor’s office shown: PARCEL ID DEEDHOLDER ADDRESS PROPERTY VALUE ADJUSTED CHANGE REASON TYPE VALUE 17-003-2305 James Bain 509 Hazel Residential - $92,100 $92,100 0 No Change Lane Single Dwell 17-009-1240 MKP Properties, LLC 600 Hoffman Comm $512,000 $472,100 -$39,900 Value High % Mark & Karen Dr N Land/Blk - land Peterson 17-009-2410 Kevin Oyloe 486 bridge St Residential - $148,400 $148,400 0 No Change W Single Dwell 17-108-0207 Kevin & Wende 205 Wall Residential - $290,800 $290,800 0 No Change Oyloe Avenue Single Dwell [PAGE 3] Minutes - City of Owatonna Board of Appeal & Equalization Tuesday, April 19, 2022 Page 3 of 4 17-139-0302 Sherry Lynn Ahlrichs 1039 Grove Residential - $164,000 $164,000 0 No Change Ave S Single Dwell 17-182-0317 James & Gabrielle 1314 Lincoln Residential - $211,000 $211,000 0 No Change Thon Trustees Ave S Single Dwell 17-187-0134 2110 Linn Dr Residential - $309,800 $301,600 -$8,200 Value High John & Lee Gehan Single Dwell – Land 17-210-0106 Thomas & Connie 346 13th St Residential - $184,600 $184,600 0 No Change Griffin NE Single Dwell 17-221-0301 LZL Engineering LLC 2300 Park Dr Ind Land/Bld $1,568,500 $1,568,500 0 No Change – 1st $150,000 17-275-0108 Craig & Janice Kautz 150 18th St Residential - $282,600 $282,600 0 No Change NE Single Dwell 17-284-0207 Kyle A Skov 763 17th St SE Residential - $281,400 $281,400 0 No Change Single Dwell 17-298-0114 Allen & Donna 735 Gilmar Residential - $303,700 $303,700 0 No Change Grosland PL Single Dwell 17-305-0111 Jerry & Francie Drake 155 Cedar Pl Residential - $250,700 $250,700 0 No Change Single Dwell 17-307-0120 Stephen & Heather 395 Arglen Residential - $226,300 $213,900 -$12,400 Value High Brownewell DR Single Dwell – Bldg 17-310-0103 Scott & Donette Smith 1616 Mosher Residential - $263,900 $263,900 0 No Change Ave Single Dwell 17-3127-0406 Joanne Stohl & 645 Allan Ave Residential - $194,300 $194,300 0 No Change Jennifer Stohl Powell SW Single Dwell 17-50-0217 Todd & Kristen Andrix 1805 Residential - $366,700 $366,700 0 No Change Greenhaven Single Dwell NE 17-374-0101 Michael & Deanne 547 School St Residential - $298,500 $298,500 0 No Change Shaw E Single Dwell 17-375-0327 Patrick & Kensi Proehl 921 Residential - $309,700 $309,700 0 No Change Greenhaven Single Dwell 17-383-0105 Nathan & Diane 520 Hazeltine Residential - $418,100 $418,100 0 No Change Skala Pl NE Single Dwell 17-538-0108 Richard & Susan 1925 Residential - $469,300 $469,300 0 No Strom Whitetail Run Single Dwell Change- no Pl NC Inspection 17-555-0403 Doug & Jill Holmes 1135 Jadden Residential - $494,000 $494,000 0 No Change Lane SE Single Dwell 17-572-0106 Brian & Rachel 2175 Maple Residential - $430,700 $430,700 0 No Change Sande Leaf Ln NE Single Dwell 17-593-0124 Gary & Tammy 2168 Harbor Residential - $466,200 $449,000 -$17,200 Value High Adams, as Trustees Oak Dr SE Single Dwell – Building [PAGE 4] Minutes - City of Owatonna Board of Appeal & Equalization Tuesday, April 20, 2021 Page 4 of 4 17-598-0112 Ryan & Anne 2720 Timber Residential - $506,000 $483,000 -$23,000 Value High Hemann Ridge PL NE Single Dwell – Building 17-599-0001 Cole Bishman Residential- $7,100 $6,300 -$800 Value High Vacant Land – Land 17-599-0215 Cole & Lindsey 1507 Eagle Residential - $308,800 $304,500 -$4,300 Value High Bishman Ridge St NE Single Dwell – Land 17-605-0101 Gary & Tammy 1514 Smith Residential - $174,500 $174,500 0 No Change Adams, as Trustees Ave SE Single Dwell 17-612-0108 Daniel & Cheryl 1570 Eagle Residential - $310,000 $310,000 0 No Change Attig Ridge St NE Single Dwell Present to appeal their proposed property valuations were: Chris Gartner, 227 East Mill Street, said he has owned this property for 27 years and questions the 30% valuation increase proposed this year. Dale Sommers, 855 20th St NE, stated his property has received annual average increases of 8% but this year, the proposed amount is a 40% increase. Assessor Effertz commented his office will add these two properties to the appeal list. His office will review the proposed valuations for potential adjustment. Effertz commented this year, the average valuation adjustment in Steele County was a 20% increase. Council Member Dotson made a motion to accept the 2022 Property Owner Appeal List presented by the Steele County Assessor’s office with addition of these two parcels and the proposed adjustments as recommended. Council Member Svenby seconded the motion, all members voted aye for approval. At 6:32 p.m., a motion was made by Council Member Boeke, seconded by Council Member Dotson to adjourn. Dated April 26, 2021 Respectfully submitted, Jeanette Clawson, Administrative Specialist