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04/08/1996 BOE - 00001985' THE MINUTES OF MEETING OF THE BOARD OF REVIEW OF APRIL 8, 1996 Mayor Nee called the meetinq of the Board of Review to order at 7:30 p.m. ROLL CALL' MEMBERS PRESENT: Mayor Nee, Councilwoman Jorgenson, Councilwoman Bolkcom and Councilman Billings MEMBERS ASSENT: Councilman Schneider Mayor Nee stated the purpose of this meeting is to review the assessor's estimated market value for 1996 for taxes payable in 1997. Mr. Pribyl, Finance Director, asked Mr. Hervin, City Assessor, to review the process of equalization and methods used for this evaluation. Mr. A1 Barck, representative from Anoka County, was also present to answer any questions. Mr. Ed Hervin, City Assessor, stated this meeting was designed to review 1996 values placed on property in the City. He stated the � purpose of the meeting is not to review the taxes. He stated the values were arrived at primarily by a mass appraisal. He stated the County establishes the rates and the City establishes land values based on sales. � Mr. Hervin stated the City's assessment ratio is 94.4 percent. He stated there was about a 3-1/2 percent overall increase in value basically for inflation. He stated the increase in commercial values was about one to two percent, but the market is getting slightly stronqer. Mr. Hervin stated if property owners are not satisfied with the actions of this Board, they can appeal to the County Board of Equalization or to the State Board of Equalizatiott. He stated the final step in the appeal process is the State Tax Court. DONALD CRISPIN, 6820 OAKEY STREET Mr. Crispin stated it is hard to believe that someone would pay $90,OD0 to $100,000 for h1s home. He stated he believed his home was compared to those on Rice Creek Terrace, as there are not many homes sold along his street. He stated he would like to take his appeal to the County and challenges the value of $92,500 placed on his property. Mr. Crispin stated last year the City Assessor, Mr. Madsen, advised him that his lot was worth more than the ones on the other side of the street and he would like to know the reason. � BOARD OF REVIEW MEETING OF APRIL 8 1996 PAGE 2 He stated his home construction and a or fireplace. is built better because he has two by six two car garage, but it does not have a patio Mr. Hervin stated that fireplaces can raise the value as it adds to the resale of a home. He stated the value placed on fireplaces is from $500 to $1,500. Mr. Crispin stated he is one of the very few property owners in the block that does not have a fireplace or patio and neighbors that have these amenities have lower taxes. Mr. Hervin stated fireplaces are just one of many factors that can raise the value of property. Mr. Crispin stated it seems he is paying the highest taxes compared to neighboring property owners. Mr. Hervin stated there seems to be a lot of misinformation when property owners are discussing taxes, and he would need to review the issues. Mr. Crispin stated he understands the Cixy does not set the taxes, but when the value is raised it does, in essence, set the � taxes. He stated this year there was a sizable increase in his taxes of about $147.00. He stated the value itself did not increase that much. Mr. Hervin stated last year Mr. Crispin's value went down $700.00. Councilman Billings stated he understands that Mr. Crispin does not agree with the value of $92,500 placed on his property. He asked Mr. Crispin what he felt was a fair market value. Mr. Crispin stated he felt a true value would be $85,000. Mr. Hervin stated there were some comparisons done, which were similar to Mr. Crispin's property, and felt the value placed on this property was 7ustified. Mr. Crispin was provided with a copy of the comparisons which were completed by staff. Councilwoman Jorgenson reviewed similar properties in the area at 6840 Brookview Drive, 6840 and 6845 Washington, 6850 Jefferson, and 7896 Jackson. She noted that these property values ranged from $85,70o to $121,800 and sold from $89,000 to $135,000. � Mr. Crispin stated there are differences in his property from these ather properties. ' BOARD OF REVIEW MEETING OF APRIL 8, 1996 PAGE 3 Mr. Hervin stated ad�ustments were made for the differences. Mr. Crispin stated the home next to his was sold last year and questioned the selling price. Mayor Nee felt Mr. Crispin's appeal should be submitted to staff for review and brought back at the April 22 meeting. MoTION by Councilwoman Bolkcom to refer this appeal by Mr. Crispin to staff for further review. Seconded by Councilwoman Jorgenson. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously. No other persons spoke regarding the values placed on their property. MOTION by Councilwoman Jorgenson to continue the Board of Review meeting to April 22, 1996. Seconded by Councilwoman Bolkcom. Upon a voice vote, all voting aye, Mayor Nee declared the motion carried unanimously and the meeting adjourned at 7c55 p.m. Respectfully submitted, , ,- � � ��<_-L�- ' ` ` '`�-=� >�--,- Carole Haddad Recording Secretary � w��. � William S Nee Mayor