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CHAPTER 22 <br /> <br />A.G. Op. 474d (Aug. 28, 1961). Local governments in Minnesota may not exempt any land from taxation for <br /> the purpose of attracting or keeping industry. <br /> <br />K. Equalization procedures <br />Once the assessors have completed their work, the city, county, and state <br />levels of government review and modify the assessments with limitations. <br />During this review, two kinds of corrections are possible: the governing body <br />may check the assessor's lists for accuracy, hear individual complaints and <br />make any necessary adjustments; and, the governing body may equalize the <br />ratio of market to assessed market values. The first function is the sole <br />concern of the city board of review, while the county and state boards devote <br />more time to the latter task. <br /> <br />When the entire procedure is complete, the county auditor puts the valuations <br />in the records to use when making up the tax rate figures. Only when all three <br />levels of government have reviewed and equalized the assessments, do they <br />become the official assessed values. <br /> <br />Minn. Stat. § 274.01, subd. l(a). <br /> <br />Minn. Stat. § 274.01, subd. 2. <br /> <br />Minn. Stat. § 274.01, subd. 3. <br /> <br />Minn. Stat. § 274.01, subd. l(a), <br />(d). <br /> <br />Minn. Stat. § 274.01, subd. l(a). <br /> <br />1. City board of review <br />The city council serves as the board of review in cities unless the power is <br />delegated to a special board of review or to the county, as described below. <br /> <br />The city council may appoint a special board of review. It may delegate to the <br />board all of the powers and duties the council would have if it acted as the <br />board of review. The members of the special board of review serve at the <br />direction and discretion of the council. The council determines the number of <br />members, the compensation and expense payments, and the term of office. At <br />least one member of the board must be an appraiser, realtor, or other person <br />familiar with property valuations in the assessment district. <br /> <br />Instead of performing the duties of a board of review itself or delegating it to <br />a special board of review, any city council of a city for which the county does <br />the assessing, may transfer its local board of review or equalization power <br />and duties to the county board. <br /> <br />The board of review meets in the city clerk's office. The city assessor and the <br />county assessor must attend this meeting with their assessment books and <br />papers. These officials may take part in the proceedings, but may not vote. <br /> <br />The meeting date of the board of review must be between April 1 and May <br />31, and is fixed by the county assessor on or before April 1 of each year by <br />giving written notice to the city clerk. After receiving the notice, the clerk <br />must give published and posted notice of the meeting at least 10 days before <br />the date of the meeting. <br /> <br />22-8 HANDBOOK FOR MINNESOTA CITIES <br /> <br /> <br />