05-10-1989 CC MIN - BOR - Laserfiche WebLink

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MEETING OF THE ELK RIVER BOARD OF REVIEW HELD AT THE SHERBURNE COUNTY ADMINISTRATION BUILDING MAY 10. 1989 e Members Present: Mayor Tralle. Councilmembers Kropuenske and Schuldt Members Absent: Councilmembers Dobel and Holmgren Also Present: County Assessor. Ty Bischoff; Jerry Kritzeck and John Cullen Pursuant to due call and notice thereof. Mayor Tralle called the meeting of the Board of Review to order at 7:00 p.m. Mayor Tralle stated that Councilmember Holmgren has a conflict of interest as he is an employee of the County Assessor's Office. Therefore. he will not be participating in the Board of Review meeting. Ty Bischoff. County Assessor. stated that the purpose of the Board of Review is to review the 1989 assessments and taxes which are payable in 1990. He stated that anyone who has a conflict with their taxes may appear before the Board of Review at which time property values and classifications will be reviewed individually. Ty Bischoff stated that it is the duty of the Assessor's Office to estimate the market value of existing land and homes in the city of Elk River. He further indicated that the Commissioner of Revenue will not accept a level of assessment lower than 90% of the market value. Mr. Bischoff stated that Elk River's assessments did not reflect the 90% market value. therefore. the market value of all Elk River property owners was raised to reflect this 90%. e 1. Tom Hipsag - 115-140-060010 (75-428-0610) Mr. Hipsag indicated that his property valuation dropped from $88.000 to $84.300. He stated that although it did drop. he did not feel it was low enough. Mr. Hipsag indicated that he could not sell the home for $84.300. He indicated that it has been on the market for about two years and the most he has been offered is $74.000. Mr. Hipsag stated that the home is a duplex which he is trying to convert into a single owner. zero lot lined home. In order to do this he would have to add another well and put in a fireproof barrier wall. Jerry Kritzeck. Deputy County Assessor. indicated that the property value was lowered to compensate for the addition of the well and for the construction of the wall. He further indicated that the market valuation is consistent with the way other similar homes are appraised. Mayor Tralle indicated that the duplex has been assessed comparably to other duplexes in the area and further that a $4.000 decrease was an adjustment and he felt the property valuation should remain. COUNCILMEMBER SCHULDT MOVED THAT COUNCILMEMBER KROPUENSKE SECONDED THE VALUATION OF $84.300 REMAIN. THE MOTION. THE MOTION CARRIED 3-0. e