3.1. DRAFT MINUTES 05-09-2011 - Laserfiche WebLink

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Boazd of Appeal and Equalization Minutes Apri127, 2011 Page 2 Mr. Kritzeck explained that statute only allows the assessor to use arm's length transactions which would not include some of the values that Mr. Tigges is using. Mr. Olson stated he viewed comparables of similar ramblers in comparable neighborhoods in Elk River and the range was from $314,900 to $349,300 with the average at $330,200. MOVED BY COUNCILMEMBER ZERWAS AND SECONDED BY COUNCILMEMBER WESTGAARD TO ADJUST THE VALUE OF PARCEL 75- 601-0370 TO $330,200 WITH THE REDUCTION BEING MADE TO THE BUILDING VALUE. MOTION CARRIED 4-0. 3. Jacqueline Warfield, Parcel Identification Number 75-106-1300 Ms. Warfield indicated that her property was removed from Green Acres in 2008 and she is doing everything possible to get back in. She questioned why her neighbor's properties are being. assessed at a lower rate per acre than her property. Mr. Kritzeck explained that in order to qualify for the Green Acres program a property must first be classified as Agricultural. He further explained the requirements for the property to be classified as Agricultural. Ms. Henderson stated that the classification of property is based on the use from the previous year and Ms. Warfield recently completed the fencing of additional pasture but not in time for that area to be considered for the 2011 assessment. Mr. Kritzeck also explained why Ms. Warfield's neighbor's properties are assessed at a lower value. MOVED BY COUNCILMEMBER GUMPHREY AND SECONDED BY COUNCILMEMBER WESTGAARD TO REDUCE THE VALUE OF 9 ACRES OF RESIDENTIALLY CLASSED REMAINING ACRES FROM $4,600 AN ACRE TO $3,600 AN ACRE ON PARCEL 75-106-1300. MOTION CARRIED 4-0. 4. Timothy Hahn, Parcel Identification Number 75-719-3108 Stated that he lives in the least expensive unit in his complex and believes his appraised value should be reduced. Mr. Olson reviewed sales and the value of neighboring units. He indicated that he has to balance all of the townhome units in the city and he feels he is accurate on his appraisal unless something is wrong with Mr. Hahn's unit. MOVED BY COUNCILMEMBER WESTGAARD AND SECONDED BY COUNCILMEMBER GUMPHREY TO ADJUST THE VALUE OF PARCEL 75- 719-3108 TO $104,000 WITH THE REDUCTION BEING MADE TO THE BUILDING VALUE. MOTION CARRIED 4-0. 5. Lori Neutgens, Parcel Identification Number 75-546-0256 Ms. Neutgens explained that she believes her value is too low and she would like the appraiser to come out and reassess her property. She noted that she has made recent improvements.