4. Tax Equalization Board reconvenes

2007 Cass County Board of Equalization Kathleen Onsum Report I visited the Kathleen Onsum residence located at 1117 1 Oth Ave South Fargo on June 6th, 2007 and visited with Ms. Onsum concemtng her assessment. As you may recall, the taxpayer is on a fixed income and the taxes and assessment keep increasing, causing her budget problems. For 2006, the assessment was $98,000. After applying the 100% homestead credit of $67,500, the net assessment was $30,500. For 2007, the assessment was indexed +5% to $102,900. Ater applying the 100% homestead credit of $75,000 (increased by state legislature), the net assessment was $27,900. The valuation on which the property will be taxed decreased by 8.5%. In addition, it would appear that the property will be eligible for a 10% credit (SB2032) of the 2006 taxes, to be applied to the 2007 property tax liability. The credit would be about $62 and it would appear that you must apply for the credit through the state tax department. Ms. Onsum indicates that she may partially renovate the property through a grant program with the City of Fargo. She inquired whether she would be eligible for a renovation exemption for older structures. I referred her to the city assessment office for confirmation. I also reviewed information provided by the assessor's office concerning the assessment (attached). It would appear that the property is properly assessed. Based on this information, it is my recommendation to take no action on the appeal.