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Board of Appeal and Equalization Minutes Page 2 <br /> April 8,2019 <br /> ----------------------------- <br /> Ms. Thoe noted for the 2018 assessment (taxes payable in 2019) water properties <br /> increased about 12%when other residential increased about 9% but she stated <br /> county staff is following the Department of Revenue's requirement for value <br /> increases. <br /> Mr. Olson indicated Mr. Dilley met with him last fall and they did agree on a <br /> decrease for 2019. The Council pointed out with the decrease for 2019, the net <br /> increase over two years was $22,600. <br /> Moved by Councilmember Christianson and seconded by Councilmember <br /> Westgaard to make no change to parcel 75-458-0120. Motion carried 4-0. <br /> 2. Rich Shulz, Parcel Identification Number 75-454-0120 <br /> Mr. Shulz indicated he feels his property is overvalued. He indicated he believes <br /> his property has been miscategorized 80% office space, 20%retail when it <br /> should have been 80% retail&20% office, for the last 10 years. He believes it <br /> should be 15% office and 85% retail based on his current tenants. <br /> Mr. Riley distributed handouts on what he feels are comparable properties. Mr. <br /> Shulz stated his building is considered above average at almost$55 a square foot <br /> and he feels he should be in the average category. He requested a $120,000 <br /> decrease in his value with his property coming in at around $45-$47 a square <br /> foot. <br /> Mr. Riley noted $120,000 decrease is huge and that he is working on a <br /> compromise with Mr. Shulz. He noted he is recommending a decrease of$8,600 <br /> as outlined on the handout. He added he would like to work with Mr. Shulz <br /> towards an income valuation if Mr. Shulz is willing to provide that information. <br /> Councilmember Westgaard questioned if Mr. Riley and Mr. Shulz can continue <br /> to work together and report back at a reconvene meeting. <br /> Mr. Olson indicated he would consider reducing Mr. Shulz's valuation to $49 a <br /> square foot based on averages from the handout. <br /> Moved by Mayor Dietz and seconded by Councilmember Christianson to <br /> adjust the value of parcel 75-454-0120 from a building value of$696,000 to <br /> $621,900. Motion carried 4-0. <br /> 3. Richard and Michelle Nietfeld, Parcel Identification Number 75-571-0110 <br /> Ms. Thoe distributed a handout on the above parcel. <br /> Moved by Councilmember Wagner and seconded by Councilmember <br /> Westgaard to adjust parcel 75-571-0110 from $339,000 to $326,000 as <br /> recommended by the county assessor. Motion carried 4-0. <br /> UREJ <br />