04-17-1990 Council Minutes Board of Review

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i � 4 ► purchased the property in January for $85,000. The Assessor has 40 revalued the property at $101,000 but Mr. Stasik feels the property should be valued at the purchase price. The second property is P.I.D. 07- 117 -23 31 0015. The valuation is $295,000 and feels this is too high. This is lakeshore property but even with an 85 foot dock there is no water underneath it. Mayor Grabek stated the Assessor would review these properties. 15. Norm Oestreich, 4760 North Arm Drive - P.I.D. 06- 117 -23 23 0010 Mr. Oestreich stated his 1990 value was $94,700. He stated in October of 1989 he had the property appraised by real estate persons because he was thinking of putting the house on the market. The appraisal was $85,000. Mayor Grabek stated the Assessor would review the property. 16. A. Blakstvedt, 350 North Shore Drive - P.I.D. 06- 117 -23 23 0011 Mr. Blakstvedt stated the 1990 market value was $84,300. Mayor Grabek stated the Assessor would review the property. 17. Olga Taylor, 1880 Shadywood Road - P.I.D. 17- 117 -23 23 24 0004 Ms. Taylor stated her 1989 market value was $243,400 and in 1990 it is up to $253,500. The Assessor has revalued the property for 1990 and it is now $246,400. Mayor Grabek stated the Assessor would review the property again. 18. Rhonda Omlie, 1860 Shadywood Road - P.I.D. 17- 117 -23 24 0018 • No comments. 19. Jan Blesi, 2064 Shadywood Road - P.I.D. 17- 117 -23 31 0015 Ms. Blesi stated the 1990 valuation is $191,200 and the 1989 value was $182,800 an increase of 4.6 %. She had checked the value of close neighbors that were equal in size or larger and homes that were newer and their market value only went up about 3 %. They called the Assessor to get clarification and he said there must be something special about this property. But in fact there is nothing special about this property and at that point we were told it is too complicated for us to understand how they we assess the homes, it would take the Assessor two years to tell explain it to them and if they didn't like it, take it to court. Mayor Grabek stated that a 4.6% increase is not much of an increase but there is a disparity between you and your neighbors. The assessor will review the property again and we will look into the manner in which you were treated. 20. John Maresh, 2085 Sixth Avenue North - P.I.D. 27- 118 -23 31 0019 Mr. Maresh stated he had purchased the property in December of '89 for $285,000 and the current market value is the purchase price. However he understood that the taxable market value is always lower. The property originally consisted of over 5 acres and we purchased 2.6 of those acres. Property in North Farm Road valuations fall into the $281,000- 291,000 range and the actual • sale value of those houses would be in the $349,000- 350,000 area. He felt that showed there is a discrepancy between the market value and sale price. The same, he felt, was true in Salem Court.