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Board of Appeal and Equalization Minutes Page 2 <br />April 10, 2017 <br />Motion carried 3-0. <br />2. Chad Creed, Parcel Identification Number 75-530-0210 <br />Mr. Creed was appealing the proposed property tax for his property for 2018 of <br />$133,400. He had questions regarding the fluctuation in value in 2016 at $129,600 <br />and reduced in 2017 to $124,600. He indicated he replaced the furnace and air <br />conditioner, as well as replaced toilets, but stated the windows and exterior siding of <br />the home are in poor condition and needs to be replaced. <br />Mr. Olson explained Mr. Creed's home received a physical visit from the county on <br />May 14, 2015 and the value was decreased to $124,600 based upon that visit. His <br />property then received the standard 7% increase for 2018 that was applied for Elk <br />River. Mr. Olson didn't recommend lowering the value. <br />Moved by Councilmember Olsen and seconded by Councilmember Ovall to <br />make no change to parcel 75-710-0034. <br />Motion carried 3-0. <br />3. Smit Family Limited Partnership #3, Parcel Identification Number 75- <br />129-4400 <br />Mr. Olson distributed a handout on the above parcel. <br />Moved by Councilmember Ovall and seconded by Councilmember Olsen to <br />adjust parcel 75-129-4400 from $47,400 to $25,600 as recommended by the <br />county assessor. <br />Motion carried 3-0. <br />4. Chad M. and Jacqueline P. Banack, Parcel Identification Number 75-978- <br />0260 <br />Mr. Olson distributed a handout on the above parcel. <br />Moved by Councilmember Ovall and seconded by Councilmember Olsen to <br />adjust parcel 75-978-0260 from $104,000 to $78,000. <br />Motion carried 3-0. <br />5. Held, Kathleen A Held Living Trust, Parcel Identification Number 75- <br />838-0110 <br />Mr. Olson distributed a handout on the above parcel. <br />IONEAEI B1 <br />NATURE <br />