04-29-1992 CC MIN - BOR - Laserfiche WebLink

Home Browse Search

. . . Board of Review Minutes Wednesday, April 29, 1992 Page 3 COUNCILMEMBER DIETZ MOVED TO REASSESS PROPERTY 75-405-0630 AT $80,000 BASED ON A PORTION OF THE HOUSE BEING UNUSABLE. COUNCILMEMBER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 3-0. MARK MARTIN - 75-114-3311 - $94,000 Mr. Martin noted that the appraised value of his home increased approximately $26,000 in the last two years. He indicated that the home is 26 years old and was moved onto the property. He stated that although he has made improvements to the outside of the home and added a pole barn to the property, no improvements have been made to the inside of the home. Mr. Martin noted that he would not be able to sell his home for $94,000. John Cullen, Assessor, indicated that he raised the grade from 6 to 6.5 when the improvements were made to the home. The assessed valuation was also raised when the pole building was constructed plus there was an increase of $5,000 to the land which was an overall assessment to all 5 acre parcels in the City. COUNCILMEMBER DIETZ MOVED TO LOWER THE ASSESSED VALUATION OF PROPERTY 75-114-3311 TO $90,000 BASED ON THE AGE OF THE HOME AND THE FACT THAT THE INTERIOR HAS NOT BEEN IMPROVED. COUNCILMEMBER SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 3-0. Tom Hipsag - 75-457-0110 - $21,500 and 75-457-0130 - $21,5000 Tom Hipsag explained that both parcels are industrial lots. Jerry Kritzeck explained that the lots increased from 12,900 in 1991 TO $21,500 in 1992. He stated that the increase was based on comparison sales and because of State Law which requires industrial property to be assessed within 95% - 100% of the market value. Tom Hipsag explained that a portion of one of the lots is unsaleable because of low land. COUNCILMEMBER 75-457-0130 TO UNSALEABLE. CARRIED 3-0. DIETZ MOVED TO LOWER THE ASSESSED VALUE $17,500 BASED ON THE FACT THAT A PORTION OF THE COUNCILMEMBER SCHULDT SECONDED THE MOTION. OF PROPERTY PROPERTY IS THE MOTION COUNCILMEMBER DIETZ MOVED THAT THE ASSESSED VALUE OF PROPERTY REMAIN AT $21,500. COUNCILMEMBER SCHULDT SECONDED THE MOTION. CARRIED 3-0. 75-457-0110 THE MOTION Tom Hipsag - 75-428-0610 - $86,900 Tom Hipsag stated that he refinancing appraisal came the valuation for the property year before that the Board of stated that a similar property $86,500. was unable to refinance his home as the in at $81,000. Jerry Kritzeck indicated that has not increased since last year, and the Review lowered the assessed value. He further was sold next door to Hipsag's property at