Appeals & Equalization Process Resolves Valuation Questions Ahead of Hearing – Board Receives Presentation
Jun 12, 2018 04:21PM
● By Editor
June 12, 2018 – While no one registered to present a case on their property valuation at the County Board of Appeals & Equalization (CBAE) Hearing held Monday, June 11, the Cook County Assessor’s Office resolved and processed 63 appeals ahead of time. The appeals were approved by the County Board at the Hearing Monday evening.
Approved appeals by the numbers:
- 53 parcel valuations were reduced
- Four parcel valuations were increased
- Four parcels were unchanged, and
- Four parcels resulted in class changes.
As no additional property owners showed up for the hearing, the Assessor’s Office presented a summary of the Office’s overall activities over past year, which included the revaluation of the entire Gunflint and Greenwood Districts. A total of $13,012,400 in new construction value across the County was added to the overall value base. This includes new structures and structures unnoted in previous records. The County Board was also given a breakdown of the different classes of properties in Cook County:
- 50% Seasonal Recreational properties (includes vacant land)
- 33% Residential properties (includes vacant land)
- 4.4% Commercial/Industrial
- 2.18 % Seasonal Resorts
- 0.4% Apartments, and
- 10.38%, all others
The upcoming revaluation of City of Grand Marais parcels this summer, as the start of a new quintile assessment was discussed as well as how the Assessor’s Office is preparing for future years. The quintile assessment means that one fifth of the County’s parcels are evaluated each year, over five years.
For any questions on property assessment in Cook County, contact the Assessor’s Office at 387-3650 or go to: www.co.cook.mn.us > Assessor
Contact: Todd Smith, Cook County Assessor 218-387-3650 or [email protected]