(a) The City Council hereby delegates to the Board of Review the following authority and duties:
(1) To conduct annual meetings and hearings as required to fulfill its duties hereunder;
(2) To determine whether taxable property in the city has been properly placed on the assessment list and properly valued by the City Assessor;
(3) To place omitted real or personal property on the assessment list with its market value;
(4) Upon application of a property owner or taxpayer, to review the classification of real or personal property and to correct it as appears just; and
(5) Upon application of a property owner or taxpayer to review the assessment of real or personal property and to decrease, sustain or increase market values as it appears just.
(b) All determinations of the Board of Review are final in nature and the Board of Review shall act as the local Board of Appeal and Equalization for the city pursuant to § 7.04 of the City Charter.
(c) A decision of the Board of Review shall be made within 20 days of the date of the commencement of a Board of Review hearing, unless the time for decision has been extended as authorized by statute.
(d) The decisions of the Board of Review are final and are appealable to the Hennepin County Board of Appeal and Equalization pursuant to the provisions of state law. Copies of the Board of Review decisions shall be sent to the Hennepin County Assessor.
(e) The City Assessor shall report the decisions of the Board of Review to the City Council at the first regular City Council meeting after the Board of Review adjourns.
(Ord. 2017-15, passed 5-22-2017)