04-20-2005 Board of Appeal and Equalization Minutes

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t • C: C] ORONO BOARD OF APP: Wednesday, 7:00 o'c OF THE & AND EQUALIZATION Aril 20, 2005 ck p.m. Davy stated what is not always included in the valuations are any improvements that have been made to properties. Davy stated the Assessor's Office looks at estimated market value, which does not always include improvements to homes. Winton noted the homes in his neighborhood are fairly new. Peterson noted the Assessor did visit this quadrant The Board requested the Assessor visit the Winton 6. Scott Morrison, 1525 Sixth Avenue North, PID 21 for penalizing something that has not yet been sold a Morrison stated he would like to know what that just market. Davy stated a study of the sales throughout the City and more for properties, which is the reason for the is required to assess properties based on current mai the City where this property is located. 118 -23 33 0033, inquired what the justification is I the owner has not realized any capital gain on it. ication is for penalizing that theoretical gain in the been conducted and that people are paying more ier valuations. Davy noted the Assessor's Office value. Morrison inquired whether the state gives the property owner a rebate if the house is valued at a much higher amount than what it actually sells for in the future. Davy indicated the property owner would get an Morrison stated in his opinion a one year abatement i taxes on a higher valuation for a number of years. Davy stated the state rarely needs to issue an below what the home sells for. Morrison indicated he built this home in 1998 and the gone up $40,000 to $50,000. Morrison stated the taxi $736,000 to $827,000. Morrison stated at this rate ne $932,000. , Morrison indicated he has the same complaints regar( told by the City of Orono that Spring Hill Road is Loi Long Lake informed him that Spring Hill Road is Or( problem paying taxes when he is not receiving any be Morrison stated there should be a reasonable cap put Murphy commented he understands the frustration that the tax forms received by the property owners stated the Orono portion of the tax statement is the maintained a consistent levy over the years. from the state for one year. not fair if the property owner has been paying since the Assessor's Office is generally slightly every year since his valuation has consistently ale marketable value for this year has gone from t year's taxable marketable value would be g the roads as expressed earlier and that he was Lake's responsibility. Morrison stated the City of )'s responsibility. Morrison stated he has a tit from the City or the County. properties as far as valuations. )erty owners feel with the valuation process but .ide state, county, school and city taxes. Murphy llest portion of the taxes and that the City has PAGE 5