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I i»_ ill L.C. <br />May 11,1995 <br />1 1 1995 <br />City Assessor <br />Locsl Board of Review <br />Orono, MN <br />VnoTff'" Valuation Notice <br />1J95 value for Taxes Payable m 1996 <br />Property Address: 2474 Carman Street <br />Wayzata. MN 55391 <br />I D #20-117-23 12 0027 <br />Dear Sir: <br />On April 26, 1995 I addressed a letter to the city assessor and to the <br />Orono local board of review contesting the estimated market value of <br />$340,000 for my property at 2472 Carman St., Wayzata, Mn., 55391. <br />I have also left three voice mail messages for the assessor, 473-1844 <br />which had not been returned until today. <br />A letter dated May 7, 1995 informed me that the Orono board of review <br />was of the opinion that the estimated property value of $340,000 was <br />correct as appraised by the city assesor. <br />Once again I find it very difficult to understand how the value of my <br />property can increase from $308,200 to $340,000 in one year. That is <br />an increase of $31,800 or 10,7%. <br />In April of 1994 I experienced the same problem. The markey value of my <br />property was appraised at $328,000 by the Orono assessor as of Jan. 2,1994. <br />My property had been appraised by two independent appraisers on Nov. 22,1993 <br />at $ 309,000. <br />After my letter of April 25, 1994 citing this injustice the market value <br />was reduced by the city assessor to $308.200.(Orono letter of April 27,1994) <br />H <br />i <br />My neighbors property has always been assessed at more than my property. <br />His estimated for 1995 was $352,000.He challenged this amount and the value <br />was reduced. Now for the first time in 5 years my property is considerably <br />higher than his. <br />There os no justification for the increase of $31,800 in the value of my <br />based on the appraisal of my property by two independent appraisers and <br />my neighbors appraisal. <br />Sincerely <br />Ward E. Edwards