05-13-2002 Board of Appeal and Equalization Reconvened Packet

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♦ • • • • April 24.2002 (hand delivered)I Of:-' cv! V c.' o.=;cvo Local Board of Appeal & Equali/uilion %OronoGty Hall Appeal of Estimated Market Value and Market Value for Taxation for 2002 (2003 Taxes) Property n> 08-117-23 410001 Property Address 3200 North Shore Drive, Way7aia. Mn SS39I Greetings, We arc questioning both of the above items. We have had little opportunity to pull together infotmation as the Assessor's office just returned our call yesterday. The property right nc.xt to us recently sold for over $20,000 less then our 2002 Est Market Value. It is ^te simOar to ours - two bedroom older home, a Ultle smaller, with a two car garage- Their total land area is a little smaller then oure but our property has three major easements that significantly reduce the usability - a ten foot casement down the length (only S7 feet wide to begin with); a sewer pumping lift station cuts the property in half and a sewer line cutting accrossed nearly the full width for a neighboring home. In addition, tlicre arc overhead power lines to an adjacent properly cutting accrossed our land in another location. Our useable land is less then the property that sold and is not on one continuous piece. We therefore feel our Estimated Market Value is at least $20,000 to high- We are unable to relate the Limited Market Value to the Statue’s requirements and question its calculation as being in compliance with the law. Further, we have continually requested a ‘This Old House* exception for the improvement we made of adding the garage. That is not reflected in this statement. The inerrase in our Estimated Market Value was 20%. Ihis is totally unrealistic and not supported by an actual SdJc of similar property tight nc.xt to us. We have a small, ol^r two bedroom home with a two car garage, dirt floor in of the basement, exposed piping in the kitchen, painted ceiling tiles in the halL Some areas of the home arc better then others. We have seen the inside of the other home and found similar conditions. We knew and socialized with the gentleman that lived in the other home before it was sold. We arc concerned that overvaluing the property will negatively impact our ability to maintain this home thru our retiremenL We arc not wealthy people. We saved to purchase the property and work long hours to try to improve it and be good neighbors and responsible tax payers but we are also concerned that tax policy may well penalize us for our efforts. We appreciate your consii'rraticn of our appeal. Rick'WiAdenburg Shirley Hendr^'*kson Property Owners and Residents !i ! 1