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Home prices keep city assessed values rising

April 11, 2013

Home prices jumped 27 percent on average in Minot last year, according to the city assessor’s office....

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(20)

vanbus

Apr-11-13 3:37 AM

Those strong market figures mean assessed values also must go up to stay in compliance with state law, city assessor Kevin Ternes told the Minot City Council, which met Tuesday as the Board of Equalization. The board approved assessed valuations for the city, but final determination of assessments will be made by the State Board of Equalization.

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socialismsucks

Apr-11-13 6:56 AM

which means we can expect about a 40% increase in next yr's property taxes.

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dvalley

Apr-11-13 7:05 AM

that second to last statement is such a crock of crap.

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dvalley

Apr-11-13 7:07 AM

the last 2 statements are such a crock of crap.

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EarlyBird

Apr-11-13 8:12 AM

Wow that is so dirty dirty dirty to use a spike caused by a disaster to raise taxes. I hope all of those involved get together and appeal that decision. A lawyer wouldn't cost that much if you all shared the cost. You don't suppose Minot is pricing itself out of the housing race do you, well they are for many many folks.

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billldoesntgetit

Apr-11-13 8:38 AM

Whats that old saying..you put your hand in a bucket of water..wave it around make waves.. take it out and the water goes back to still and silent.

Like gas prices.. we hated the $2 gas now we are idiots and happy as heck over $3 gas.

Houses will be the same way I suspect..but never taxes.. thats one thing we hate and keeping hating from day one.

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EarlyBird

Apr-11-13 8:52 AM

That house in the picture really looks like it's value has went up.. wow!!!

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EarlyBird

Apr-11-13 8:55 AM

At this pace soon the shade of trees will be considered shelter and we will be taxed for the leaves on the trees. Insanity abounds!!!

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takkak

Apr-11-13 9:11 AM

Amazing we voted to keep property taxes. Remember, keep it local...that got us back to back property tax raises directly after flood and an increase in sales tak. Maybe we should have not kept it local.

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EarlyBird

Apr-11-13 9:30 AM

If it were not for very low interest rates provided by BND, Fema funds and CDBG money the housing would not have recovered even to this point. So the increase is really based on money that was given to people by the government.

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muleskinner

Apr-11-13 9:31 AM

Misery loves company.

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EarlyBird

Apr-11-13 9:33 AM

It's like this, we will give you $30,000.00 for your destroyed home if you keep it so we can tax the help out of you.

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bobtimm

Apr-11-13 10:40 AM

Update: Even after presenting the fact, along with pictures, that my basement receives sewage backup about twice a year the committee headed by Blake Krebseth felt it was right to increase my property value 40%. As a HONEST Realtor I could not sell my home without disclosing the fact that the City of Minot stores sewage in my basement a couple times a year. Mr Blake Krebseth then suggested I sell it for $100,000. If I were to take Mr Blake Krebseth's sarcastic advice then where could I relocate my family (with two children under the age of 13) in the City of Minot. I was also told the increase is justified because the City PLANS on fixing the problem around November of this year.

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SLAAAPPPP

Apr-11-13 11:39 AM

Ternes is a typical soulless, repressed gov't tool. They salivate at the chance to run-up the assessments but they NEVER reduce them when the market turns. They wanna jack your assessment but turn around and allow a mobile home next door to a beautiful 3-story victorian... truly a 'brilliant' bunch we have leading this town. Best job for Ternes would be to stand around with his thumb in a*****somewhere.

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SLAAAPPPP

Apr-11-13 11:41 AM

Ternes is a typical soulless, repressed gov't tool. They salivate at the chance to run-up the assessments but they NEVER reduce them when the market turns. They wanna jack your assessment but turn around and allow a mobile home next door to a beautiful 3-story victorian... truly a 'brilliant' bunch we have leading this town. Best job for Ternes would be to stand around with his thumb in a Canadian dam.

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Rancher7

Apr-11-13 5:24 PM

So when the houseing market goes back down where it belongs we all will get a rebate check!!

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namexxx

Apr-11-13 8:05 PM

Thieves in business suits are still just thieves.

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MarkHighwater

Apr-12-13 9:30 AM

My assessment increase was 24 percent...which in turn jacked up my insurance premium....2 scams taxes and insurance...something we all pay thru the nose,but most never get a nickel back...UGH

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eyerollwink

Apr-12-13 11:35 AM

I appreciate that my property has gained in value. It means I made a good investment. I wouldn't sell it for what the city has it valued at.

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muleskinner

Apr-12-13 9:48 PM

There is a building by the 3rd Street viaduct that has a good-sized black char on the west side of the structure. It has to be valued at least for 200 thousand, even though it is useless. Gotta tax it somehow, it is a dwelling in Minot and the assessor says it has value.

Then there is the park that I haven't visited since the flood, but, no big deal, taxes are real low, don't know how they can get any lower, and the City of Minot is clueless with no conscience.

Another hard day on the planet.

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