2. Tax Equalization Bd Convenes - Laserfiche WebLink

CASSCOUN1Y GOVERNMENT ... Auditor Michael Montplaisir, CPA 701-241-5601 Treasurer Charlotte Sandvik 701-241-5611 Director of Equalization Frank Klein 701-241-5616 Box 2806 211 Ninth Street South Fargo, North Dakota 58103 Fax 701-241-5728 www.casscountygov.com May 26, 2006 RECEIVED MAY 25;:20061 Cass County Board of Equalization 211 9th St S Fargo, ND 58103 CASS COUNTY COMMISSION Dear Board Members: The Cass County Board of Equalization is scheduled for Monday, June 5th, at 3;30 PM. The purpose of the hearing is to hear any individual appeals and to equalize the property assessment valuations among the various jurisdictions. In North Dakota, the assessments are reviewed annually. The property tax is budget driven, in that budgets determine the total amount of tax to be collected. Assessments determine how much each property will bear in relation to the total tax burden. State statutes require residential and commerical property be valued at market value and that agricultural property be valued at its productivity value, as established by the legislature. I've enelosed a eopy ofNDCC 57-12 County Board of Equalization for your reference. For 2006, I've raised the agricultural valuation 6%, to bring the assessment in compliance with state statute. The county average true and full value is approximately $570 per acre. I'm also recommending that 97.1 acres of agricultural land be classfied as inundated. The rural residential assessments are not in eompliance according to the assessment/sales ratio study. I've therefore spot ehecked the residential assessments of townships and cities and am recommending numerous increases in valuation. I'm also currently reviewing numerous individual assessment appeals. If you have any questions or would like additional information, please eontact me at 241-5617. ~~~ Frank Klein Cass County Director of Equalization Enclosures (5pgs)