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4 <br />MINUTES OF THE <br />ORONO BOARD OF APPEAL AND EQUALIZATION <br />Wednesday, A H120,2005 <br />7:00 o'ctock p.m. <br />McMillan inquired whether this is a separate tax <br />Schmidt stated it is. <br />Murphy inquired whether it is worth $100 a year to the property owner to be able to store his items. <br />Schmidt stated he would not recoup that money if <br />owned this lot for approximately 18 to 19 years. <br />White inquired what the current taxes are on this pro <br />lot would ever be sold. Schmidt stated he has <br />Schmidt stated it is approximately $98 a year. Schmidt indicated five years ago the taxes were <br />approximately $7 and the lot was valued at $1,000. 11 <br />Davy indicated the property is currently valued at <br />contributing to the primary property. <br />Schmidt noted the properties have not been <br />from the primary adjoining lot. <br />,000. Davy stated this property is viewed as <br />and that it is his intention to sell the lot separately <br />Murphy indicated he also owns two parcels of property and that in his opinion the value of the second <br />adjoining parcel for storage is fairly valuable and that he is having a difficult time understanding how $98 <br />• is excessive. <br />The Board requested the Assessor visit the Schmidt property. <br />�I <br />3. Gregg Perl, 309 Westlake Street, PID 05- 117 -23 <br />garage, which increased it from three stalls to five s <br />the process of completing it. Perl stated from 2003 <br />$294,200 to $604,400. Perl indicated he has reside( <br />increased by 47 percent in two years. <br />McMillan inquired how much additional living <br />Perl stated the living space above the garage is <br />not finished at this time: <br />White inquired whether this is Lakeshore <br />!3 0040. Perl indicated he has put an addition on the <br />ills, with living space above it, and that he still is in <br />2006, the property valuation has increased from <br />on this property since 1987 and that his taxes have <br />was added. <br />the same size as the garage addition but is <br />Perl stated it is not lakeshore and is approximately a'two -acre lot. Perl indicated he obtained the permit in <br />2003 but has not yet resided in the new living space.! <br />Murphy inquired how building permits fit into the <br />Davy stated every year copies of all building pei <br />arrived at based upon the value the property has <br />• <br />anyone from the Assessor's office has contacted <br />process. <br />are received by the Assessor's Office and a value is <br />:d by the improvements. Davy inquired whether <br />Perl. <br />PAGE 3 <br />