04-16-2008 Council Minutes Local Board of Appeal & Equalization

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MINUTES OF THE 2008 LOCAL BOARD OF APPEAL AND EQUALIZATION Wednesday, April 16, 2008 7:00 o'clock p.m. If the property were listed today, he would not be able to sell it for more than $230,000, which is the asking price for similar properties in Spring Park and Mound. Quam stated the house was constructed in 1983 and consists of 1430 square feet. There have no improvements made to the house since it was built and the-basement is unfinished. It consists of three bedrooms and -two baths. Davy stated the Assessor's Office would do a visit to the property. Murphy asked whether the Assessor's Office would look at properties in Spring Park in a situation like this. Davy indicated they can. The Orono Board of Appeal directed the Hennepin County Assessor to visit Mr. Qua_ m's property and review his information. 5. Dan O'Donoghue, 1770 Shadywood Road, PID #17- 117 -23 210023 L� O'Donoghue stated his very first tax statement for the house was in 1999, when he purchased the property for $300,000. His most recent assessment was for $900,000, which is a 300 percent increase in the past ten years. O'Donoghue indicated he has concerns that he is being taxed out of his house. O'Donoghue stated his next door neighbor last year was assessed at 952,000 and he purchased the • property for $1.3 million, which was 20 to 30 percent over market value. O'Donoghue stated these numbers do not reflect the true market, and to experience a 300 percent increase in ten years, leaves one wondering where it will end. O'Donoghue stated his neighbors, with comparable lots, are fairly equal, but the homes are valued significantly different and he is unsure why that is. No improvements have been made to the lot since he purchased it. O'Donoghue requested the Assessor's Office visit his property. McMillan noted the interior is taken into consideration when valuing the various properties. The Orono Board of Appeal directed the Hennepin County Assessor to visit Mr. O'Donoghue's property and review his information. 6. Tom Bernard, 3470 Birch Lane, PID #08- 117 -23 43 0001 7. Judy Oliverius, 3490 Birch Lane, PID #08- 117 -23 43 0002 Bernard indicated he is having the same issue as his neighbor and requested the two properties be addressed together. Bernard distributed some information to the Board. Bernard stated in his opinion he feels the property is worth $740,000. His property has 40 feet of. shoreline. There is an assessed market land value of $608,000 listed on the Hennepin County web site. The property consists of 12,958 square feet and his back lot line is 102 feet wide. His neighbor • PAGE 4 of 18