04-15-2009 Council Minutes - Laserfiche WebLink

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MINUTES OF THE ORONO BOARD OF APPEAL AND EQUALIZATION Wednesday, April 15, 2009 7:00 o'clock p.m. • Murphy stated he would dispute the fact that most people are happy with their taxes but that they like to live in this area. Murphy noted his taxes have more than doubled in the 20 years that he has resided in this area. Regan stated in his view he is paying more than his fair share. Stulc noted they did. reduce Mr. Regan's valuation on his property. Regan stated they reduced his value by half a percent, which is not adequate, especially given the fact that his property values increased by 72 percent. A comparable house sold at $840,000. His house was constructed in 1952 and has railroad tracks and a trail in the back. That lot is 2.3 acres and he has a half an acre. The property sold for $840,000 and his is valued at $840,000. Another comparable provided by the Hennepin County Assessor's Office is located at 1461 Bay Ridge Road. That property sold for $975,000 and has County Road 15 in front of it and consists of one acre. That property has 140 feet of lakeshore and he has 90 feet of shoreline. Regan indicated no improvements have been done to the house in 22 years. McMillan asked whether the assessor has visited the property. Stulc indicated he did visit the property last year. White stated the Council will be provided an analysis by the Assessor's Office and then reconvene in two weeks to discuss any valuations that remain unresolved. • Regan stated in his opinion he could sell the house for approximately $700,000. Murphy stated if Mr. Regan is not satisfied with the outcome, the next step is to go to the county. 23. Charles Reid, 1400 Baldur Park Road, PID 08- 117 -23 310001 Reid stated he does not feel his valuation should be raised. In the past four years his taxes have gone up 27 percent and his income has not gone up. The Assessor's Office has stated that lakeshore does not decrease but that he has seen lakeshore values go up and down over the past 24 years. Reid indicated he did not receive much satisfaction from the Assessor's Office. The City Council has authorized the construction of a large house next door to him, which will drive his values up even higher. White suggested Mr. Reid provide some comparables to the assessor. Reid stated he was not able to find any comparables in his neighborhood because the majority of the homes are newer. White commented it appears that Mr. Reid did experience a higher than average increase and that he would like the Assessor's Office to review this property. The City Council requested the Assessor's Office review Mr. Reid's property. • PAGE 12