Fargo commissioners certify 2025 assessment roll after assessor’s reappraisal briefing; dozens of appeals moved to pending

Assessor Michael Brown briefed the Fargo Board of Equalization on a yearlong reappraisal and sales-ratio review Tuesday, and the board voted unanimously to certify the 2025 assessment roll while moving appeals received at today’s session into pending status.

Brown told the mayor and commissioners the office adjusted values on roughly 18,000 properties this year and sent about 6,100 notices of value increase. The city’s total true and full value is about $23,000,000,000, a 4.75% increase over last year, he said. Projected taxable value for 2025 was given as $882,000,900, and Brown said a mill is worth about $882,900.

The presentation conveyed why some property classes changed. Brown said commercial sales ratios were about 97.2% before reappraisal and 96.4% after; office and apartment sales showed softening, so the assessor’s office lowered values for those property types by about 5%. Residential sales ratios improved from about 91% before local review to 94.9% after the office’s adjustments. "This Board of Equalization is being conducted pursuant to North…