Mandan Sends Notices of Property Valuation Increase | News

Mandan’s appraisal department will send notices to homeowners with an increase in real estate appraisal of $3,000 and 10% or more in 2022, according to information released by the city of Mandan. Notices are sent to owners of approximately 3,000 parcels.

The State Board of Equalization requires that all property be assessed at less than 10% of prevailing market values. Reasons for notices of increase in value include property with new or additional structure within the past year and situations involving the expiration of an exemption, such as for new homes or businesses. Values ​​may also change in 2022 due to increases in market value due to comparable property sales that occurred in 2021. According to the Bismarck-Mandan Board of Realtors, the average sale price for residential properties in 2021 was $282,034 , compared to $261,930 a year. before.

City officials are encouraging property owners receiving notices of increases to review the information and contact the Assessment Department by April 5 to ask questions or to arrange a property assessment review.

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Property owners may appeal the assessment at 7 p.m. Tuesday, April 5 at Mandan City Hall, 205 Second Ave NW after the City Board meeting. Property owners who have not received a notice can obtain the 2022 property values ​​by calling the Assessment Department.

Mandan’s actions are then forwarded to the Morton County Equalization Board which will meet at 6 p.m. June 9 at the Morton County Courthouse, 210 Second Ave NW.

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Call 701-667-3232 to request a property reassessment or tour.