04-28-1994 Council Minutes Board of Review

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MINUTES OF THE BOARD OF REVIEW MEETING HELD APRIL 28, 1994 • Warren Bielke 2565 Dunwoody Avenue #20- 117 -23 210031, 1994 assessed value is $701,000. Bielke distributed a handout of the property history noting the assessed value has increased $248,200 or 55% while the market value only increased by 39 %. After remodeling two years ago, Bielke purchased the property for $800,000. Mayor Callahan noted that the assessed value is 88 % of the market value while the average is 93 %. Erickson explained that the values they use are not determined by the sale price. Bielke stated there were no other properties in the neighborhood worth $800,000. It was worth it to them because they wanted to stay in the neighborhood. Kelley noted that Bielke was a willing buyer at $800,000 and he would find it difficult to lower the value below $701,000 and thought Bielke was fortunate that he was not at the 93 % level. The size and quality of this home may be the reason it is valued lower than the 93 %. Jabbour asked at what point the State would step in for a mass increase. Erickson responded it was a complicated procedure. If Orono was at 85 %, the State would increase across the board by 10% because they only increase by 5% or 10%. Erickson also stated that Tom Haller, one of the appraisers working for Erickson, had appraised this house for the previous owner while working for Forsythe Appraisals so he is very familiar with the property. John C Ericson 1620 Shadywood Road #17- 117 -23 210012 , 1994 market value is $261,000 and 1993 market value was $240,000. He did not feel it necessary for the Assessor to visit the property because nothing has changed except the paint in the kitchen. He requested the closing of the landing on his property or felt a 3 % increase from last year was reasonable. Walter Wolfe 1250 Spruce Place #08- 117 -23 32 0008, 1994 market value of $152,600. He • felt there were major improvements required to make the house saleable such as rafters (40% of roof needs replacement), 40% of the basement floor needs to be removed and replaced and 40 % of the west wall of the basement needs to be rebuilt. He has 49' of lakeshore on the west side of North Arm and has lived there 40 years. Mayor Callahan thought that the basic value may be in the land. Curt Quady, 1223 South Brown Road #10- 117 -23 310065,' 1994 market value of $90,000 and 1993 value of $82,800. He felt his market value was at 100%. He asked if it would be possible to have a $4,000 increase in valuation this year and $3,200 next year. He felt the value was fair but wanted to "ease into" the value over the next few years, similar to a step increase. Erickson explained that the State sets a limited value at 10% so the property owner would not pay taxes on a value that exceeded 10% from the previous year. Elmer Conover. 1489 Shoreline Drive, 11- 117 -23 23 0009, distributed a letter to the Board stating his reasons for appealing the market value. Mayor Callahan stated the Board would consider the information before the next meeting. Christa Nejezchleba 2625 Kelly Avenue #20- 177 -23 14 0026, asked what could be done about the trees dying on Kelly Avenue because it is always under water and if it would be possible to install a light because a lot of garbage is dumped in the wetlands. Mayor Callahan suggested she call the City Administrator to discuss these issues. She felt the 1994 market value of • $546,000 was too high because this is an old house but she did not know what the property would be worth. 2