Too many zeros add up to big problems in Carver County

Too many zeros add up to big problems in Carver County

Eric Mattson was not surprised that the small vacant lot he bought last year near the shores of Lake Waconia was increasing in value.

What shocked him was the $189 million market value the Carver County assessor’s office came up with for the 55- by 80-foot lot, making it the most valuable property in Waconia and possibly the county.

“It was such an obvious mistake,” said Mattson, 41, who was looking at a property tax bill of $2.5 million. “It was over the top. It was very funny.”

But no one is laughing at the assessor’s office, where the problem started. Neither is anyone at the Carver County Board, the city of Waconia or the Waconia School District. Those three entities — which were counting on the $2.5 million in increased property tax collections — now face the daunting task of raising taxes or cutting budgets to make up for the shortfall.