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Redwood County assessor explains valuation process at Walnut Grove Board of Appeals and Equalization; no questions from residents
Summary
Redwood County Assessor Jesse Jacobson reviewed property-market-value rules (90%–105% of sales) during the Board of Appeals and Equalization public hearing; no residents raised concerns at the session opened by the council.
The Walnut Grove Council opened its Board of Appeals and Equalization public hearing at 8:00 PM on April 14 and heard from Redwood County Assessor Jesse Jacobson about property valuation procedures.
Jacobson explained the county’s role in determining market values and said the Minnesota Department of Revenue requires counties to set overall market values between 90% and 105% of actual sales prices. He said if Walnut Grove properties averaged more than 105% of sales, the assessor must adjust market values to comply with state requirements. The minutes show no residents attended with questions or appeals at the hearing.
The hearing was recorded by the clerk and the council adjourned later that evening.
