1. Tax Equalization Bd convenes - Laserfiche WebLink

CASSCOUN1Y GOVERNMENT ..I.. 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, Norrh Dakota 58103 Fax 701-241-5728 www.casscountynd.gov May 23rd, 2008 RECEIVED Cass County Board of Equalization 211 9th St S Fargo, ND 58103 MAY 2 3 2008 CASS COUNTY COMMISSION Dear Board Members: The Cass County Board of Equalization is scheduled for Monday, June 2nd, starting at 3:30 PM. The board of equalization meets to hear any individual appeals and to equalize property assessments among the various jurisdictions. It's my recommendation to simply hear any individual appeals on June 2nd, recess, and to act on those individual appeals and to equalize other assessments on June 16th . 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 commercial property be valued at market value and that agricultural property be valued at its productivity value, as established by a legislative formula. I've enclosed a copy ofNDCC 57-12 County Board of Equalization for your reference. For 2008, there is no indicated change in agricultural valuations. The county true and full assessment value is about $570 per acre. We appear to be in compliance with commercial assessments in rural Casso Total residential assessments outside of the two major cities are not in compliance according to the assessment/sales ratio study. It will be necessay to increase residential assessments in numerous townships and cities. I will have recommendations for the June 16th meeting. I'm also currently reviewing several individual assessment appeals and will have recommendations for the June 18th meeting. If you have any questions or would like additional information, please contact me at 241-5617. Sincerely, \ o;f~ J~ Frank Klein Cass County Director of Equalization Enclosures (3pgs)