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r - <br />^PR 26 1996 <br />.-—-VIOAPRIL 26, 1995 <br />CITY ASSESSOR AND <br />LOCAL BOARD OF REVIEW <br />2750 KELLEY PARKWAY <br />ORONO, MN 55356 <br />RE PROPERTY ID 31-118-23 22 0002 <br />THIS LETTER IS IN RESPONSE TO THE HENNEPIN COUNTY REAL <br />ESTATE VALUATION NOTICE FOR THE 1995 VALUE FOR TAXES FOR THE <br />ABOVE PROPERTY <br />THE NEW VALUATION PLACES AN ESTIMATED VALUE OF THE <br />PROPERTY AT $290,500 00 THIS IS A 14 37% INCREASE OVER LAST YEARS <br />VALUATION OF $254,000 00 1 BELIEVE THIS IS EXCESSIVE AND IS ABOVE <br />THE TRUE CURRENT MARKET VALUE OF THE PROPERTY <br />A'^CORDING TO AREA PUBLICATIONS THE CURRENT REAL ESTATE <br />MARKE r VALUE IN GENERAL HAS BEEN CLOSE TO 3 5% THIS IS ALSO <br />CLOSE TO THE CURRENT INFLATION RATE 1 HAVE CONSULTED WITH MY <br />REAL ESTATE AGENT AND HE CONFIRMS THIS AND IS CURRENTLY <br />WORKING ON SOME COMPARISONS TO SUBSTANTIATE THIS <br />OVER THE LAST FIVE YEARS THE COUNTY HAS INCREASED THE <br />VALUATION OF THIS PROPERTY BY OVER 40% THIS IS NOT IN LINE WITH <br />LOCAL PROPERTY VALUES ON SIMILAR PROPERTY AND IS IN NEED OF <br />ADJUSTMENT <br />PLEASE CONSIDER THIS LETTER AS MY APPEAL TO THE COUNTY'S <br />VALUATION OF THE PROPERTY AND MY REQUEST THE ESTIMATED <br />MARKET VALUE BE CHANGED TO $260,000,00 <br />I HAVE LEFT A MESSAGE WITH THE CITY ASSESSOR AT 473-1844 lO <br />DISCUSS THIS MATTER, BUT AS OF THIS DATE I HAVE NOT HEARD FROM <br />HIM. <br />IF YOU HAVE ANY QUESTIONS I CAN BE REACHED AT 473-5993 OR <br />475-3020. <br />SINCERELY, <br />DENNIS G ESTERLY <br />4765 WATERTOWN ROAD <br />ORONO, MN 55359