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CHAPTER 22 <br /> <br />Minn. Stm. § 274.01, subd. l(f). <br /> <br />Minn. Stat. § 274.01, subd. l(b). <br /> <br />Minn. Stat. § 274.(11, subd. l(e). <br /> <br />Minn. Stat. § 274.01, subd. l(c). <br /> <br />Minn. Stat. § 274.01, subd. l(f). <br /> <br />Minn. Stat. § 274.13. <br /> <br />A majority of the members may take action at the board of review meeting, <br />and may adjourn the meeting from day to day for a period of 20 days until <br />they complete their work. After 20 days, the board has no authority and any <br />action it takes is invalid unless the commissioner of revenue has granted an <br />extension. <br /> <br /> In fulfilling its role, the board of review has three main functions: <br /> <br /> · It must review the assessor's list, making sure all taxable property in the <br /> city has been properly placed on the list. <br /> <br />· It must review the assessor's valuations, striving to standardize the ratio <br /> between market value and adjusted market value for each individual <br /> piece of property. To accomplish this, the board may raise or lower <br /> valuations on individual properties, but it cannot increase valuations <br /> without notifying the property owner and giving that person an <br /> opportunity to be heard. <br /> <br />· The board must hear and settle the complaints of individual property <br /> owners regarding the valuations on their property. <br /> <br />If a person fails to appear in person or through counsel or written <br />communication before the board of review after receiving notice of intent to <br />raise the assessment, or ifa person fails to apply for a review of the <br />assessment, that person may not appear before the county board of <br />equalization for a review of the assessment. An exception is when the <br />assessment takes place after the meeting of the board of review, or when <br />aggrieved individuals can establish that they did not receive notice at least <br />five days before the local board of review meeting. <br /> <br />The local board of review may not reduce the total or aggregate amount of <br />the county assessor's assessment by more than one percent. This means the <br />board must often compensate for reductions in assessed values by making <br />comparable increases in assessments against other parcels of property. <br /> <br />All complaints about an assessment or classification made after the meeting <br />of the board must be heard and determined by the county board of <br />equalization. <br /> <br />2. County board of equalization <br />The county board of equalization consists of either the county auditor and the <br />county commissioners, or a special board of equalization appointed by the <br />auditor and the board of county commissioners. The statutes establish <br />meeting dates. <br /> <br />HANDBOOK FOR MINNESOTA CITIES 22-9 <br /> <br /> <br />