05-11-1992 Board of Review - Laserfiche WebLink

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m pw-:fe:feipf: Pr> Hijrpii^ t};^.f frhp.it* fei/;Vl':.i mi^wm ■>« #- life life- M- p. fS;p- fKI'v' mmifey W-'ifife.fet-m p: IPtt.iis& %ir t'w • iip\^’'' wm^‘. Wi'¥%;^-v-mm .y . 1 / > ■; ' ^■',”"... A ■MINUTES OF ORONO 1992 RECONVENED BOARD OF REVIEW MEETINGHELD MAY 11, 1992 ROLL The Reconvened Board of Review met on the above date with the following members present; Mayor Barbara Peterson, CounciI members Gabriel Jabbour, Mary Butler and J. Diann Goetten. Edward Callahan was absent. The following represented the City staff: City Administrator Ron Moorse, Public Works Director John Gerhardson, City Assessor Rolf Erickson, Assistant City Assessor Dave Wilde, and City Recorder Terl Naab. Mayor Peterson cal led the meeting to order at 6:00 P.M. Harvey Anderson. 1101 Wlllowbrook Drive. PIP# 26-118-23 41 0003 & 0006. felt the new valuation was still inequitable and Inconsistent with the surrounding neighborhood. He stated the property next door which Is fairly comparable is for sale for $30,000 more than his asking price and yet it was originally appraised almost $50,000 less than his home and after the adjustment is still $19,000 less than his home. He noted another house down the street was valued at $24,000 more than his house in 1981 and since then have Installed a pool, and until the adjustment was made, his property was valued at $19,000 more than that property. Jabbour stated they are told by the Legislature based on the fair market value. Anderson said that on his street there are seven homes which are In Orono and several In Medina. The properties In Orono have been raised more tha^'' those In Medina. He noted a property that Is comparable to his home on Salem Court which just sold for $265,000 and his realtor has suggested lowering his selling price. He said his wife asked the assessor why the discrepancy between the 1981 valuation between the two houses and the 1992 valuation. The aniiwer was there must be some specific reason. Erickson explained that he has reviewed the properties in Medina and felt the valuations for those properties were correct. He explained that last year Medina realized some substantial Increases. He said the 1981 valuation mean nothing for this review. Anderson said his property abuts County Road 6 and the valuation for his property Is the same as those setting further back from the road. He noted his asking price for the property is $339,000. Butler felt that the assessor’s valuation was near enough the asking price of the property. Anderson explained that price is considered to be the top dollar amount to be expected from a sale of the property. 1 ‘ 1. k t I