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

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U 2008 LOCAL BOARD OF Wednesd; 7:00 i TS OF THE LPPEAL AND EQUALIZATION 7, April 16, 2008 'clock p.m. 12. Diane Erichsen, 4225 Watertown Road, PID #31- 118 -23 13 0015 Erichson stated she has 5.36 acres, which was assessed at $473,000. A look at other residences along Watertown Road show complete discrepancies in the values. Erichsen stated 3855 Watertown Road sold October 6, consists of 19.17 acres, and their valuation amounts to $28 an acre. 3925 Watertown Road is assessed at 12.14 acres, which is $22.00 an acre. 4025 Watertown Road has 13.07 acres and is assessed at 630,000, which is $48 an acre. Erichsen stated her land is valued at $84,000 an acre. Erichsen indicated to her knowledge someone his reviewed the property. Approximately one -half of the property is swamp land and her property is the lowest property on Watertown Road. Erichsen indicated both Watertown Road and the Kokesh Farm Road feeds into her property. The actual dry land is approximately 1.5 acres. After the construction of Kokesh Farm Road, the runoff comes very close to her residence even though she brought her concerns to the attention of the city engineer. Erichsen stated her property is valued as one of the highest on Watertown Erichsen indicated other comparables include 5,' $215,000. Erichsen indicated she has not revieN swampy as her property. Another comparable i stated as it relates to property value decreases, a of 2007, 7.74 acres, was assessed at $700,000 ai value. 5 Creekview Green, four acres, which sold for ;d but the property but she is certain it is not as Deer Creek Road, 10 acres, $200,000. Erichsen .ouse at 585 Brown Road, which sold in November I sold for $550,000, a 21 percent decrease in the • Erichsen stated the land values are dropping in the area and that the discrepancies in land value need to be reviewed. Erichsen stated she has a five acre minimum and is unable to sell off any of the land and that her valuation is not comparable to other similar properties, especially given the swampy nature of her land. Murphy asked how the culvert was installed and whether Ms. Erickson was consulted on that prior to the culvert going in. Erichsen stated she did raise some concerns regarding the drainage and that the developer was directed to put in some holding ponds, which unfortunately drain into her property. Erichsen stated in her opinion she should not be assessed for 5.73 acres "of land when she cannot use the majority of it. The Orono Board of Appeal directed the Hennepin County Assessor to visit Ms. Erichsen's property and review her information. 13. William Wyatt, 4235 County Road 6, Wyatt illustrated on the overhead the increases h since 1999 to the present. The house is 28 years Mr. Davy has agreed to reduce his value by six I #31- 118 -23 12 0013 has experienced in his assessed market value Id and consists of 1900 square feet. Wyatt stated rcent for the 2008 value. Wyatt indicated his next door neighbor has'twice as much land but it is divided into two lots. The valuation in 2007 was $583,000 for his property and 639,000 for his neighbor's property. In 2009, • 1 • PAGE 7 of 18