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17 | Page <br />2.A recent appraisal of your property which indicates true and full market value, not just <br />what a bank is willing to lend on. <br />3.Copies of your property records, and neighboring property records, which show <br />inequities amongst values. <br />4.Recent sale information regarding similar properties with documentation to prove the <br />properties are comparable. <br />An appeal board is only interested in the fairness and accuracy of the value placed on the <br />property. They are not able to lower valuations because the property owner cannot afford to <br />pay the taxes or feels that the property tax is too high. The assessment staff is here to assist the <br />public and educate property owners about the assessment process. Staff is trained to be <br />respectful, calm, polite and helpful. If a property owner returns the same respect, the staff is <br />better able to concentrate and be more helpful in gathering the information needed for an <br />appeal. <br />SALES RATIO EXPLAINED <br />The sales ratio study is conducted annually by the ND State Tax Commissioner’s Office to ensure that <br />the local jurisdictions comply with setting appropriate property values. Every sale of property in Cass <br />County is filed with the state indicating the adjusted sales price (house, lot, and special assessment <br />balance) and the true and full value. If the prior year sales percentage is not within the tolerance range, <br />which for 2022 is 90-100% of the true and full value, then Cass County would need to increase the <br />valuations to bring the overall values into compliance. Value adjustments for new construction or <br />exemptions expiring are not considered in these increases. <br />DEFINITIONS <br />•Median Ratio: A measure of central tendency. Median is affected by the number of <br />observations and is not distorted by the size of extreme ratios. The State Board of <br />Equalization, when equalizing residential and commercial property assessments, uses <br />this. Individual ratios of the sales are arranged in order of magnitude, and then the <br />middle ratio in the series is the “Median Ratio”. <br />•Price Related Differential: A measurement of the relationship between the ratios of <br />high-value and low-value properties to determine if the value of property has any <br />influence on the assessment ratio. If the PRD is 1.00, there is no bias in the assessment <br />of high-value properties in comparison to those for low-value properties. If the PRD is