04-26-2004 CC MIN - BOA - Laserfiche WebLink

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Board of Appeal and Equalization Minutes April 26, 2004 Kevin Berry, 13270 196th Avenue, Parcel Identification Number 75-671-0205 Page 2 Mr. Berry, stated that he has looked at the valuation of other houses built in this development at the same dme that he his home was built. He tried to determine the average sale price of his peer group. He felt that the difference was about $26,000 or 23%. His home is a two story with the master bedroom and 70% of the f'mished square footage on the main level, with 30% upstairs. He feels that over me a more expensive home will rise slightly but tlfis has gone up by 23 percent. He paid $401,000 at the end of 2002. The added value was $46,000 for a value of $446,100 (increase of 11 percent which is less than 4 percent per year). The homeowner has 2050 sq. ft. The assessors stated that the four-season porch went from $11,500 to $18,000 in valuation. Assessor Kritzeck recommended that the homeowner bring in his blueprint and work with the assessors to further review this valuation and do comparisons of the neighborhood. MOVED BY COUNCILMEMBER DEITZ AND SECONDED BY COUNCILMEMBER MOTIN TO AGREE WITH THE COUNTY ASSESSOR'S VALUATION AFTER THEY HAVE MADE THEIR REVIEW AND IF THE HOMEOWNER DISAGREES HE CAN APPEAL AND THEN GO TO THE COUNTY BOARD ON JUNE 15TM. MOTION CARRIED 5-0. Robert Hillman, 10712 184th Avenue, Parcel Identification Number 75-681-0210 Mr. Hillman is looking at a 2003 assessed value of $303,400 and now it's at $321,600. This is the fLrst time that he is seeing that his assessed value is the same as his market value. In his opinion most cities are assessing homes at around 77% to 80%. He stated that his home and others are being assessed at retail value. Deputy Assessor Holmgren stated that this home, the first in the new development neighborhood to be sold, was purchased for $280,000. Since then the homes have sold at $320,000+ and currently at $350,000+. Assessor Kritzeck feels that this is a fair assessment. MOVED BY COUNCILMEMBER TVEITE AND SECONDED BY COUNCILMEMBER DIETZ TO LEAVE THE ASSESSED VALUATION WHERE IT IS FOR THIS PROPERTY. MOTION CARRIED 5-0. Bob Hoffman, 22390 Grant Street N.W., Parcel Identification Numbers 75-101-2200 and 75-101-2400 Mr. Hoffman has 123 acres with a total value of $812,700 in estimated market value. Buildings at 407,000; house $315,100; site value of $73,000 (includes the well and septic). He is questioning the site value. This is an allocated value based upon the value on it. He stated he is comfortable with what has been explained with the exception of the $73,000 on the site. Assessor Kritzeck stated that dais is an improved site versus an improved land. The owner's property can't be agriculture without calculating it this way. It was his recommendation to leave the assessed value as set.