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��1� <br /> . _�� emo <br /> { � <br /> 1 � " <br /> � � �'.�..-.,, �. Recyckd Pnper <br /> �. <br /> ���_ <br /> To: Orono Mayor and Council <br /> From: Bill Davy <br /> Date: April 3,2006 <br /> Re: 2006 Assessment Local Board of Review <br /> The 2006 Orono Local Bard of Review has been scheduled for Wednesday, April 19t''. As <br /> preparation for the Local Board of Review,please find the enclosed data to help you. There is <br /> a sununary of Local Board duties and responsibilities, a chart listing the amount of assessment <br /> gowth for Lake Minnetonka communities, and a book of sales with photos and characteristics <br /> from a sample of sales throughout the city. <br /> Summary of the 2006 Assessment <br /> , Each year estimated market values are analyzed along with data from the market. <br /> Adjustments, as appropriate for each type of property are made. The results of those <br /> adjustments for the 2006 assessment are as fellows: <br /> • Residential Lakeshore+ 9.5% <br /> • Residential Off Lake + 8% <br /> There are 3,841 taa�able parcels in the city with a total market value of approximately <br /> $2,810,521,000. This value includes $36,409,000 in new construction improvements. The <br /> overall value increase for the City of Orono is 8.8%. <br /> Prior to the meeting if you should have any questions or concems, please feel free to call me <br /> at, 612 348-6833. <br />