3. Tax Equalization Bd convenes - Laserfiche WebLink

CASS COUNTY GOVERNMENT RECEIVED May 23rd, 2014 Cass County Board of Equalization MAY 272014" 211 9`h St S CASS COUNTY COMMEISiON Fargo, ND 58103 Auditor Dear Board Members: Michael Montplaisir,CPA The Cass County Board of Equalization is scheduled for Monday, June 2nd, 701-241-5601 starting at 3:30 PM. The board meets to hear any appeals and to equalize assessments among the various jurisdictions. Treasurer The property tax is budget driven, in that budgets determine the total amount of Charlotte Sandvik tax to be collected. Assessments determine how much each property will bear in 701-241-5611 relation to the total tax burden. Statutes require residential and commercial property be valued at market value and that agricultural property be valued at its Director of productivity value. Equalization I expect the Cass County net taxable valuation to increase at least 5%. Frank Klein Agricultural land was increased 9% for 2014, based on the certified value 701.241.5616 provided by the state tax department. The assessment sales ratio study indicates that Cass County is out of compliance with residential and commercial assessments outside of the cities of Fargo and West Fargo. The residential assessment ratio is 86.4% and the commercial assessment ratio is 89.1%. The state board of equalization requires that the overall assessment ratio fall between 90%-100%. The recommendations attached will bring Cass County into compliance. I'm currently reviewing individual appeals and will provide recommendations at a later date. If you have any questions or would like additional information, please contact me at 241-5617. Sincerely, Frank Klein Cass County Director of Equalization Box 2806 211 Ninth Street South Fargo,North Dakota 58103 Fax 701-241-5728 www.casscountynd.gov