Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
3. <br />MINUTES OF THE ORONO BOARD OF REVIEW <br />HELD APRIL 26.2000 <br />Mayor Jabbour requested the Assessor review the iedependent appraisal and review the <br />site. <br />Moorse noted the Board of Review will reconvene on May 8th. <br />James Bull, Jr., 1330 Cherry Place. Bull expressed concerns that his land is being valued <br />too high. Bull stated his market value for 1999 u as $293,000, with this year ’s value being <br />listed at $363,000. Bull indicated this is a 23.9 percent increase, which is excessive in his <br />view. Bui! requested the Assessor visit his property. <br />Mayot tbbour commented the assessor's office typically will shift the value from the home <br />to the lanJ as the residence gets older and there is a good likelihood the home will be tom <br />down. Jabbour stated the value of the home decreased while the value of the land increased. <br />Davy stated land values in this area are increasing. <br />Kelley inquired whether the assessor's office makes the assumption that some homes will <br />be tom down. <br />Davy stated that a potential a buyer may be looking for a building site on the lake and <br />is considering a tear-down, especially if the residence is older. <br />Kelley stated in his opinion the system of arriving at property ta.\es should be reviewed and <br />changed, noting that some long-time residents are being forced out of their homes due to the <br />high ta.\es. <br />Mayor Jabbour requested the Assessor visit the property prior to the ne.xt Board of Review <br />meeting. <br />4. Thomas Ryan, 2350 Longview Circle. Ryan inquired whether the breakdown between th< <br />land and building values are different. <br />Davy stated the value of the land depends on the size of the lot, the location in the City, and <br />other factors. <br />Ryan inquired whether the assessor looks at each development separately. <br />Davy stated they look at each particular development and what the lots are selling for in <br />reaching tlieir land values. <br />Page 3 <br />» <br />,