04 Broadcaster Press November 22, 2011 www.broadcasteronline.com One in a VerMillion Meet Gene Lunn By David Lias estate lending for nearly 30 years, and that has helped me tremendously.” He also has undergone Gene Lunn was “formal” training that all appointed Clay County’s directors of equalization director of equalization must undergo to keep on and assessor on Dec. 1, 2010, and admits the past top of the ever-changing rules and regulations year has been a busy one involving zoning and real for his office. estate appraisal. “In the last year, we “I completed the had a little over 400 real schooling estate requirements, transactions and have been in the certified by the county,” he state said. “We Department of adjust Revenue,” property on a Gene said. “I mass basis “There are depending approximately 9,000 am enjoying this job on what the parcels of property tremendously.” market is He has lived doing. And in Clay County, and in Vermillion when we do our goal is to look since August a mass 1986, and has at one of those adjustment, worked as a what we do is properties once banker, and adjust the every five years.” served as value of director of the similar types Dakota of properties. Hospital As you do Foundation the work, before you zero beginning his everything current role. down to the “This office is charged type and age of the with the responsibility of property.” Gene got the chance to determining the value of real estate in the county,” “get his feet wet” his Gene said. “There are current role at the Clay approximately 9,000 County Courthouse by parcels of property in working for 90 days with Clay County, and our past Director of goal is to look at one of Equalization Leonard those properties once Rasmussen for 90 days every five years.” before he retired late last Some of those year. properties haven’t “That was a great changed from year to experience,” Gene said. “When I worked in banking, I dealt with real david.lias@plaintalk.net Tell them you saw it in the Broadcaster! Vermillion, SD 624-4429 GENE LUNN year. But when change occurs, that also prompts a review by Gene and his staff. “If a building permit is issued for new construction or remodeling, we also look at that, to evaluate it to determine how the changes have affected the value of the property,” he said. Gene admits that sometimes people confuse the scope of his office to the point of believing he actually Patricia Curry: 605-661-2860 Andy Curry: 605-261-1202 Archie Dunham: 605-366-4625 Also see us at Siouxlandhomes.com www.dunhamcompany.com PRICE REDUCED 4 BR, 3 bath ranch. Open concept, living room w/firepl, slider to patio. Kitchen appliances stay. Master w/ roomy walk-in closet, large mst bath w/double sinks. Main fl laundry. L level finish: huge family rm, 2 BR w/ egress, full bath. 3 stall heated garage w/epoxy finish floor. 3rd stall set for tandem 4th stall, pad poured. 1806 Jack Nicklaus – $209,900 PRICE REDUCED 5 BR, 3 baths, master with bath, slider from dining to cedar bi-level deck, fenced yard. 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Pleasant St. – $32,000 NEW LISTING personal information that must remain confidential, is public information,” he said. “People can stop in or give a call if they have any questions or concerns.” welcome to call Gene or visit his office in the basement of county courthouse. “The information we have down here, except for certain types of Virtual Tours Elk Point, SD 1704 Arnold Palmer Lane – $219,900 determines the amount of property taxes that each owner of real estate in the county pays. The main goal of his office is to assess county properties’ values. That assessed valuation figure is used by local governments, including the city, county and school district, to determine how much property tax must be levied to derive the needed revenue for their budgets. 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