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. property consists of .39 acres. The majority of the comparables have approximately .25 acres, and she attempted to make fair adjustments for that on the comparables. Based on those comparables, in her view the adjusted value on their property should be about $895,000 but they are currently at $1.193 million. Assessor Stulc reduced it to $1.1 million, but in her opinion it is still quite high. White asked when the house was purchased. Hector stated it was purchased in 2004. White asked whether the Assessor's Office has seen the comparables. Hector indicated they have not. The City Council requested the Assessor's Office contact the Hectors. 6. Ward Edwards, 2474 Carman Street, PID 20- 117 -23 12 0027 7. Richard Edwards, 2480 Carman Street, PID 20- 117 -23 12 0028 Richard Edwards stated the two lots that they own are located on the northeast side of Carman Bay and that their lots go east to west, which results in a substantial amount of weeds being washed up on their shore. Edwards indicated they routinely pick up the weeds and milfoil and haul out approximately 60 trailer loads of weeds every year. Murphy asked whether the Edwards have contacted the Assessor's Office. Richard Edwards indicated they have and that they have shown them an appraisal. White noted the Edwards feel the value of the lots is 750 versus the 1.291 million for 2009. Richard Edwards stated the appraisals are certified by the state. Stulc noted they do have copies of the appraisal. Kunik indicated they are refinance appraisals and that the appraisals appear to have a set value going in. The comparables do not utilize highest and best use and creates other issues. Kunik indicated the Assessor's Office has provided the Edwards with some better sale comparables. Kunik stated the mortgage companies and banks have basically set a price and that is what they are appraising them at. Ward Edwards stated they did provide four other certified appraisals. Kunik indicated they would look at the information and get back to the Edwards. White commented property taxes are an issue that the City takes seriously and that they would like the citizens who helped build the city be financially able to stay in the city upon retirement. Richard Edwards noted there is a bowling center that is also going in near their properties, which will cause issues with noise and lights. Edwards noted they also have noise issues with motorcycles during the summer. • PAGE 6