05-10-1999 Board of Review - Laserfiche WebLink

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MINUTES OF THE BOARD OF REVIEW MEETING HELD APRIL 28,1999 8. Gary Demek, ? 400 Watertown Road, ^vas not present at the time his name was called. 9. Dennis Grendahl, 2070 Shoreline Drive, PID #15-117-23-21 0005. Grcndahl stated he was unable to contact Chris Bennett, noting that his property is valued at $819,000 and in his opinion it should be lowered to $675,000. Grendahl stated a home in his neighborhood which is comparable to his just recently sold for $595,000, and that a refinance appraisal done on his property was lower tlian his current assessed value. Rennerfeldt stated that the assessed value by the assessor's office rarely will be able to get as low as a value placed on a property as part of a refinance appraisal, noting that more work is completed as part of the assessed valuation. Grendahl commented that traffic from Highway 15 also should be taken into account when his valuation is arrived at. Mayor Jabbour requested that someone from the assessor's office visit the property. 10. Paul Raster, 2600 Casco Point Road, PID #20-117-23-24 0043. Raster stated the value on his land has increased 81 percent over the past two years with the value on his residence increasing six percent. Raster stated the value of his property has increased 625 percent from the time it was initially built in 1979. Raster commented he is on a fixed income and will not be residing in the house any longer should the value remain the same. Raster rcvie\ved a handout on other properties with lakcshorc, noting that most of the homes arc valued at less than what the original purchase price w’as. Rennerfeldt stated that Raster's handout docs not include the 1999 assessments and that those properties have all been reassessed at higher valuations, noting that that area of the City experienced major changes in their property valuations this year. Mayor Jabbour requested that someone from the assessor's office visit the property. Rennerfeldt remarked that the Hennepin County Assessor's Office is obligated to value the properties at the fair market value. 11. Gregg Perl, Westlake Street, PID #05-117-23-23 0040. Perl stated his value has gone up $26,000 from last year and $22,800 the previous year. Perl remarked that he purchased the property in 1995 for $55,000, and did some major improvements to the property but does not feel that his propert>' should be valued at $217,000. Perl questioned why his taxes were increasing so much, and stated that the City of Orono should spend more money on improving the condition of its roads. Maj or Jabbour stated that the Cit>' of Orono receives the same amount of money regardless of the amount of increase in property valuations. Jabbour commented that ta.\cs differ from Page 4