4.0. SR 04-28-2003 - Laserfiche WebLink

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CHAPTER 22 Although the county board of equalization may decrease and, after notice to the taxpayer, increase individual valuations, its primary task is to equalize the ratio between market value and assessed market value in the various districts. The county board of equalization's main purpose is to secure uniformity of assessed value from district to district, with only occasional attention to uniformity between taxpayers within any one district. The board may not reduce the aggregate valuations of either real or personal property in the county below the amounts the assessors have determined, but it may increase these amounts. Minn. Stat. § 375 192. Minn. Stat. § 270.11, subds. 1, 6. ,gee also, Minn. Stat. § 274.13. subd. 1 (a). Upon the property owner's application, the board may change a property's homestead classification or reduce its market value, reducing or refunding any taxes the person has already paid. 3. State board of equalization The commissioner of revenue acts as the state board of equalization. The commissioner's primary assessment task is to ensure uniformity of valuations between counties. The commissioner may adjust valuations between districts and between classes of property. The commissioner may raise or lower individual assessments, but may increase individual assessments only after the taxpayer has received notice and has had an opportunity to be heard. The commissioner may not reduce the aggregate value of all property in the state by more than 1 percent below the total the county boards of equalization have reported. The commissioner may order a reassessment of property in any district. Minn. Stat. § 271.01. Minn. Stat. § 271.21. 4. Appeals to tax court The tax court is the final authority for the hearing and determination of all questions under the property tax laws of the state, except for an appeal to the Supreme Court. The tax court has jurisdiction in cases dealing with property taxes only after the taxpayer has appealed the valuation or assessment to the town or city board of review and to the county board of equalization, except for those taxpayers whose original assessments came from the commissioner of revenue. The tax court has no jurisdiction involving an order of the state board of equalization unless a taxpayer contests the valuation of the property. The tax court must hold hearings at any place in the state so taxpayers may appear before the court with as little inconvenience and expense to the taxpayer as possible. The small claims division of the tax court has jurisdiction in any case concerning the valuation, assessment, or taxation of residential property the taxpayer has homesteaded, and of non-homesteaded property if the estimated market value is less than $100,000. The small claims division also hears cases concerning the tax laws in which the amount in controversy does not exceed $5,000, including penalties and interest. 22-10 HANDBOOK FOR MINNESOTA CITIES