HomeMy WebLinkAbout03 27 2017 County Assessment Report
Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com
4646 Dakota Street SE
Prior Lake, MN 55372
CITY COUNCIL WORK SESSION REPORT
MEETING DATE: MARCH 27, 2017
AGENDA #: 1A
PREPARED BY: DON URAM, FINANCE DIRECTOR
PRESENTED BY: CYNTHIA GEIS, COUNTY AUDITOR/TREASURER
MICHAEL THOMPSON, COUNTY ASSESSOR
AGENDA ITEM: SCOTT COUNTY PROPERTY ASSESSMENT
INTRODUCTION: Cindy Geis and Michael Thompson from Scott County will present an overview
of property taxation procedures, explain assessment processes, summarize
current market information, and review the recent assessment for payable 2018.
TOPICS: Discussion topics will include the property tax timeline, property classifications,
tax burdens, the assessment process, estimating market value, and the appeals
process. Information will be presented specific to the City’s 2017 assessment
(impacting taxes payable in 2018).
CONCLUSION:
This work session topic is intended to brief the new members of the Council and
to refresh the knowledge of the existing members about the assessment process
the County follows when establishing property values. This information is used
during the City’s budget process to help evaluate the impacts of certain
expenditure decisions and in establishing the City’s property tax levy.
ATTACHMENTS: 1. N/A