04-29-1999 CC MIN - BOA - Laserfiche WebLink

Home Browse Search

Board of Review Minutes April 29, 1999 Page 2 . value be increased. Ty Bischoff recommended that this particular market value not be decreased with the other Royal Oaks Ridge market values. COUNCILMEMBER DIETZ MOVED TO REDUCE THE ASSESSED MARKET VALUE FOR THE ENTIRE ROYAL OAKS RIDGE PLAT BY SEVEN PERCENT 7% WITH THE EXCEPTION OF PARCEL NO. 75-5220125. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 3-0. COUNCILMEMBER DIETZ MOVED TO RECESS THE MEETING OF THE BOARD OF REVIEW. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 3-0. The meeting of the Board of Review recessed at 6:40 p.m. Mayor Klinzing reconvened the Board of Review meeting at 6:42 p.m. 3. Ed Jensen - 75-519-0115 Mr. Jenson stated that the property value of his town home on Proctor Avenue has increased from $88,900 to $98,600. Assessor Greg Olson reviewed some comparable town home sales in the area and noted that the property value has increased due to the popularity of town homes. He further noted that all of the townhomes in that area received an increase of 10% in their assessed market value. e COUNCILMEMBER DIETZ MOVED TO MAKE NO CHANGE IN THE ASSESSED MARKET VALUE FOR PARCEL NO. 75-519-0115. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 3-0. 4. Ron Woeste - 75-499-0230 Mr. Woeste stated that his property value increased from $193.400 to $201,300. It was noted by the Council that this was the general increase given to all property in the City. Mr. Woeste indicated that he did not feel his home was appraised fairly due to the fact that when he purchased the home it had not had the general maintenance required of a home. He noted that the home needs windows replaced, to be re-roofed plus many other general maintenance items need to be accomplished. COUNCILMEMBER DIETZ MOVED TO HAVE THE ASSESSOR RE-EVALUATE THE HOME AND TO LEAVE THE APPRAISED VALUE AT THE DISCRETION OF THE ASSESSOR FOLLOWING RE-EV ALUATION OF THE PROPERTY. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 3-0. Assessor Ty Bischoff informed the Council that all of the modified two-story homes in Elk River are over-valued. He noted that the ratio of assessed value for this style of home is on the high end, ranging from about 101% - 107%. Ty Bischoff recommended that the Council consider reducing the value of this style of home. e COUNCILMEMBER DIETZ MOVED TO REDUCE THE VALUE OF THE BASE SQUARE FOOTAGE BY 10% OF ALL MODIFIED TWO-STORY HOMES IN THE CITY OF ELK RIVER. COUNCILMEMBER FARBER SECONDED THE MOTION. THE MOTION CARRIED 3-0.