04-24-2006 CC MIN - BOA - Laserfiche WebLink

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. . . Board of Appeal and Equalization Minutes April 24, 2006 Page 5 Mr. Olson's lot is in Park Pointe, abutting 175th and is a corner lot. He purchased this thinking it would be affordable because there is a ditch in the back of the property. He paid $315,000 from his brother for this property and it is currently valued at $278,000. Appraiser Olson found three comparables in Park Pointe which had recently sold for amounts of $301,100, $306,500, and $377,000. MOVED BY COUNCILMEMBER DIETZ AND SECONDED BY COUNCILMEMBER FARBER THAT THE VALUE SHOULD REMAIN THE SAME. MOTION CARRIED 4-0. 13. Lisa Radke, Parcel Identification Number 75-431-0402 Ms. Radke was concerned because her value continues to go up. In 2003 it was $160,800; 2004 it was $187,800; 2005 it was $189,000 and there had been a big increase during that time. It is currently valued at $208,000 and she felt it had gone up quite drastically in those few short years. Appraiser Holmgren explained that these homes had been reassessed in the 2004-2005 time span and there had been changes to the grades of the home as well as some other attributable changes. Mr. Holmgren explained that at that time, they needed to do a land adjustment due to undervaluing. It is now felt that they are in the right area for the value of the homes in this part of the city. MOVED BY COUNCILMEMBER DIETZ AND SECONDED BY COUNCILMEMBER GUMPHREY TO MAKE NO CHANGE. MOTION CARRIED 4-0. 14. Rich Schulz, Parcel Identification Number 75-516-0728 (residential) Mr. Schulz asked Councilmember Dietz to not vote on his property because he felt that there was some bad blood. Councilmember Dietz explained that there was no conflict of interest and did not wish to step down. Mr. Schulz explained that his value had gone up at a 15% increase and was looking at comparisons for the development of Deerfield versus Royal Oaks. Assessor Kritzeck explained 'that the price for square footage for some items such as extra bathrooms and a pool had increased the valuation of homes in this area. Mr. Schulz was agreeable to have the appraiser come out to his property when he is present. MOVED BY COUNCILMEMBER FARBER AND SECONDED BY COUNCILMEMBER GUMPHREY TO LEAVE THE VALUE THE SAME. MOTION CARRIED 4-0. 15. Rich Schulz, Parcel Identification Number 75-454-0120 (commercial) Mr. Schulz was concerned that when his property had been relooked at last year, whether they had looked at the correct unit. The building is now fully occupied and it should have been reflective of only the six units. Appraiser Riley explained that he had given him a credit for incompletion in the total value of the building and that 1,400 square feet equaling $39,600 was not listed in that total. He also explained that he did not increase the building by 5% because it was new construction, only 10% on the land.