04-25-2005 CC MIN - BOA - Laserfiche WebLink

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Board of Appeal and Equalization Minutes April 25, 2005 Page 5 . Assessor Kritzeck stated that it is dependent upon the judgment as to the quality (average); they use the Marshall/S'Wift manual; they pay attention to the size, sidewalk, etc.; and that this is applied consistently. MOVED BY COUNCILMEMBER FARBER AND SECONDED BY COUNCILMEMBER GUMPHREY TO MAKE THE LAND VALUE AT $4.85/SQUARE FOOT WHICH WOULD LOWER THE LAND VALUE BY $7,800 WITH THE BUILDING VALUE NOT CHANGING. MOTION CARRIED 5-0. 9. Les Lindquist and Floyd Kruse of K & L Properties, Parcel Identification Numbers 75-740-0040, 75-733-0205, 75-733-0105, 75-733-0115, 75-733-0110, and 75-733- 0120 Mr. Lindquist and Mr. Kruse have vacant lots in a commercial district. They stated that they do not have access to their 5.5 acres and are having problems selling it. The market value is at $939,200 'With a taxable base of $244,700. Assessor Kritzeck stated that this is $4.00/sq. ft. which appears to be on the high side. He stated that a fair value for a i-acre plot is $3.00/ sq. ft., a 5-acre parcel at $2.75 sq. ft. MOVED BY COUNCILMEMBER DIETZ AND SECONDED BY COUNCILMEMBER MOTIN THAT THE FIVE 1-ACRE LOTS TO BE ASSESSED AT $3.00 PER SQUARE FOOT AND THE ONE 5-ACRE LOT TO BE ASSESSED AT $2.75 PER SQUARE FOOT. MOTION CARRlED~. . 10. Scott Wold, Parcel Identification Numbers 75-674-0138 and 75-674-0140 Mr. Wold is a builder who has a town home which he is having problems selling. He stated that he has three homes at the market value but can't sell at this time. MOVED BY COUNCILMEMBER FARBER AND SECONDED BY COUNCILMEMBER MOTIN TO REDUCE THOSE TWO PARCELS BY $10,000 EACH, ONE FROM $186,360 TO $176,360 AND THE OTHER ONE AT $186,800 TO $176,800. MOTION CARRIED ~. 11. Downing Fountain, Parcel Identification Number 75-411-0305 Ms. Fountain questioned why her townhouse property went up by $17,000 value. She stated that the land in 2004 was valued at $22,000 and in 2005 was valued at $38,800. She stated that she does need to do some repairs and replace her roof. Appraiser Olson stated that he was not comfortable 'With how he had appraised the property value at this location and was more comfortable 'With placing a value of $29,000 for the land versus $38,800. He also stated that a 5% depreciation could be given. . MOVED BY COUNCILMEMBER FARBER AND SECONDED BY COUNCILMEMBER GUMPHREY TO LOWER THE LAND VALUE TO $29,000 ON BOTH SIDES OF THIS TOWNHOUSE AND TO GIVE 5% FOR - DEPRECIATION FOR THE BUILDING ALSO ON BOTH SIDES OF THIS TOWNHOUSE. MOTION CARRIED 5-0. 12. Richard Bury, Parcel Identification Number 75-109-1100