<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=28Yd0n_122KW7vU00" alt="https://img.particlenews.com/image.php?url=28Yd0n_122KW7vU00" width="750" height="500" ></figure>During their unusual afternoon, not morning, meeting, on Tuesday, June 17, the Faribault County Board of Commissioners took a break to hold their annual Board of Review and Equalization Meeting at 6:30 p.m. that day.It is the annual meeting where citizens can come forward and question the tax valuation of their property.This year only one county resident, Crystal Dulas of Wells, came forward to question the valuation on her building in Wells that houses Dulas Excavating, Dulas Diesel and Dulas Disposal.Dulas said the valuation this year was at $676,500.“In 2022 it was $146,900,” Dulas said. “We did put an addition on and it went to $383,700, but now it is so much higher.”County assessor Brady Rauenhorst explained that all commercial property in the county had been re-evaluated and the valuations were increased.“The valuation has to be between 90 percent and 105 percent of what commercial property is selling for in the county,” Rauenhorst said. “We are at an average of 94.33 percent of what those sales of commercial property have been.”Rauenhorst also explained that they are supposed to use six sales of similar property to make the valuations, but small towns often don’t have six sales of commercial property in one year, so they use sales across the county. He cited sales of large commercial properties in Wells, Easton and other towns in the county.“Sale prices for commercial property have gone up,” Rauenhorst said. “So our valuations have to as well.”Dulas pointed out that she had purchased her building for less than $200,000 just three years ago, but Rauenhorst said that was a “related sale,” meaning it was one relative selling it to another relative and they cannot count that towards the valuation, as the price can be lower than usual.After a half hour of discussion the board took no action on the valuation of Dulas’ property. When she asked what else she could do, Rauenhorst pointed out that the next step was to take it to Tax Court.</div></body>

Block Source: Faribault County Register

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During their unusual afternoon, not morning, meeting, on Tuesday, June 17, the Faribault County Board of Commissioners took a break to hold their annual Board of Review and Equalization Meeting at 6:30 p.m. that day. It is the annual meeting where citizens can come forward and question the tax valuation...

County Board holds its Board of Equalization Hearing

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During their unusual afternoon, not morning, meeting, on Tuesday, June 17, the Faribault County Board of Commissioners took a break to hold their annual Bo

County Board holds its Board of Equalization Hearing

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