Loading...
2.1 SR 04-08-2024City of Elk - River To City Council Meeting Date April 8, 2024 Item Description City Staff Report Request for Action Item Number 2.1 Prepared By Tina Allard, City Clerk Reviewed by: Cal Portner Tina Allard Action Requested The Board listens to each appeal and makes a determination regarding the value or classification of the parcel being considered. If the Board is not sure how to vote, the decision should be "No Change." The property owner is then able to appeal to the County Board or the Tax Court. All decisions should be adopted by a formal vote. Options for decisions include: ■ No change ■ Reduce the value of a property ■ Raise the value of a property ■ Add improvements to the assessment list ■ Add properties to the assessment list ■ Change the classification of property ■ Have the assessor inspect the property and report to the board at a reconvene meeting If the Board determines further review of any parcels by the assessor are needed, a reconvene meeting must be set for the assessor to report back for further action. The date and time must be determined before the recess of this meeting and must be within 20 days of this meeting. The last date to schedule a reconvene meeting would be Friday, April 26, 2024. There is a Council meeting scheduled for Monday, April 15, 6:30 p.m. Background/Discussion Board Purpose The Board's purpose is to objectively determine if parcel values and classifications were properly set for the current assessment. It is assumed the assessor has properly valued and classified a property and the burden of proof rests with the property owner. Appeals must be based on facts and the property owner must present supporting evidence to the Board that the current year's valuation or classification is incorrect. All changes made by the Board must be based on fact. Remember, reductions in value shift the tax burden to others. Here is a link to the Board of Appeal Handbook with more detailed information. The Elk River Vision A avelcoming community with revolutionary and spirited resourcefulness, exceptional service, and community p 0 1 ERE 0 6 engagement that encourages and inspires prosperity INAT of 6 Reconvene Meeting All issues must be resolved before the meeting is adjourned. The Board should not order the assessor to review a parcel and change the valuation/classification and then adjourn. The Board may ask the assessor to review the parcel and report back at a reconvene meeting. Once the Board adjourns, it cannot reconvene. Certification At least one member who attended the state -required training must be at this meeting. The following are currently certified: ■ G rupa, 7/ I /2027 ■ Beyer, 7/ I /2024 ■ Wagner, 7/ I /2026 ■ Dietz, 7/ I /2026 Financial Impact N/A Mission/Policy/Goal Attachments I. 2024 Agricultural Report 2. 2024 Local Board Data 3. 2024 City Assessment Report Page 3 of 6 2024 City of Elk River Local Board of Appeal and Equalization April 8, 2024 Sales from October 1, 2022 to September 30, 2023 were used to determine the estimated market values for the 2024 assessment. Countywide there was 1 good sale of parcels over 34.5 acres. Due to lack of sales, no adjustments were made to the estimated market values of agricultural land for the 2024 assessment. The 2024 methodology utilizes agricultural sales within a region to develop a tillable and non - tillable value to be used for Green Acres in that area. Our Green Acres Region includes the Counties of Anoka, Chisago, Isanti and Sherburne. The Department of Revenue issued a memo which indicated that the average per acre value for tillable land was to be $4,400 (up $500 from 2023) and the average for non -tillable was to be $2,900 (up $400 per acre from 2023). Township Averages as Reported to the Department of Revenue for the 2024 Assessment 2024 Estimated Market Values 2a Tillable 6600/ac 2a/2b Pasture 6300/ac -Same values have been applied to Rural Preserve and CRP land Waste 750/ac Wetlands 750/ac 2024 Green Acres Values 2a Tillable 4500/ac 2a Pasture 3100/ac Waste 750/ac -Same values have been applied to Rural Preserve and CRP land Page 4 of 6 Elk River Local Board of Appeal and Equalization April 8, 2024 6:00 p.m. Year End Summary — 2024 Assessment Re -Assessment Residential/Seasonal/Imp Ag 1906 Commercial/Industrial/Exempt 233 Agriculture Land 8 Residential Statistics — 3 year history Item 2023 2022 2021 New Homes 92 93 113 Misc Permits Decks/bsmt finish/additions 115 184 326 Total Sales 334 450 679 Median Sale Price $372,700 $382,100 $363,600 Median Market Value $358,100 $364,900 $340,300 2024 Assessment Adjustments Vacant Land Adjustments 0% Residential Home Adjustments 0% Lakeshore Adjustments 0% Page 5 of 6 Sherburne County Assessor Sherburne County Government Center 13880 Business Center Dr NW Elk River, MN 55330-1692 Phone: (763)765-4900 FAX: (763) 765-4905 2024 ELK RIVER CITY ASSESSMENT Residential and Seasonal improved properties remained stable in the 2024 assessment. There were 334 sales used in our sales study and 1,055 sales county -wide. Any increases in value, was done during reassessment and properties with new improvements. Assessment Years 2020 351 sales 2021 392 sales 2022 424 sales 2023 450 sales 2024 334 sales Study Ratio Overall Change 88.9% x 1.058% = 94.1 % adjusted ratio 88.2% x 1.080% = 95.3% adjusted ratio 77.7% x 1.197% = 93.0% adjusted ratio 87.2% x 1.073% = 93.6% adjusted ratio 97.5% -end ratio = 98.1 % ajdusted ratio Rural Vacant land county -wide there was 1 sale. Apartments increased county wide by 10% Commercial and Industrial County -wide there were 13 total sales — no Industrial sales. Our commercial median ratio started as 86.06% and final ratio is 95.9%. Total Taxable New Construction Assessment Years 2020 $ 45,481,884 2021 $ 32,931,500 2022 $ 53,818,300 2023 $ 53,403,900 2024 $ 54,806,00 Total City Estimated Market Value Assessment Years 2020 $ 2,658,483,400 2021 $ 2,859,083,800 2022 $ 3, 518, 721,100 2023 $ 3,894,488,200 2024 $ 3, 996, 067,100 Page 6 of 6 Special Meeting of the City Council as Board of Appeal and Equalization SIGN -IN Monday, April 8, 2024 6:00 p.m. Elk River City Hall Please sign in for the opportunity to speak to the board. Each speaker will be allowed to speak for 3 minutes. Name Address L/ c, gyp/ `((*1 194�1T 4 Av� M V1! _J .7 3 -,7 AOE � f j � % V +�1.� Ol 1 4 c:P//d Pe r k S-f N. L) �J,V\ Gaw•`b`Cl Page 1 of 3 Special Meeting of the City of City Council as Board Monday, April 8, 2024 Elk of Appeal and 6:00 p.m. R1Ver Equalization Elk River City Hall SIGN -IN Please sign in for the opportunity to speak to the board. Each speaker will be allowed to speak for 3 minutes. a Page of 3 2024 Elk River Local Board of Appeal and Equalization 04/8/2024 Recommendation from County Assessor For changes to 2024 Assessment Gary & Mary Keifenheim 19425 Irving Circle NW ELK RIVER, MN 55330 Parcel # 75-00431-0422 Legal Description: LOT 11, BLOCK 4 Ridgewood East 3rd S27-T33N-R26W 2024 Original Land $159,097 Improvements 5249.549 TOTAL $408,646 Difference: (-$7,683) 2024 Suggested Change $159, 097 5241, 866 $400, 963 Assessor recommendation: After a complete interior and exterior inspection it is recommended to adjust the improvement value to $241,866 due to size discrepancy on cantilever portion on the front of the home. 2024 County Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Jordan & Amanda Janke 19331 Rush CT NW ELK RIVER, MN 55330 Parcel # 75-00608-0306 Legal Description: LOT 3, BLOCK 3 608-Cherrywood Hills 2024 Original 2024 Suggested Change Land $119,500 $119,500 Improvements $320.900 S313,600 TOTAL $440,400 $433,100 Difference: (-$7,300) Reassessed at owner request made changes accordingly. 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Benzinger Properties Inc 21301 County Road 81 Rodgers MN 55374 Parcel # 75-00894-0235 Legal Description: LOT 7, Block 2 19532 York ST NW, Elk River MN 2024 Original 2024 Suggested Change Land $70,100 $94,500 Improvements $340,000 $340,000 TOTAL $410,100 $434,500 Difference: (+$24,400) Corrected land value from clerical error 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment T.H. Construction of Anoka 617 E Main St Anoka MN 55303 Parcel # 75-00901-0120 Legal Description: LOT 4, Block 1 18535 Salem St NW, Elk River MN 2024 Original 2024 Suggested Change Land $70,600 $95,200 Improvements 24� S248.330 TOTAL $318,930 $343,530 Difference: (+$24,600) Corrected land value from clerical error 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Douglas & Melissa Anderson 19651 ELK Lake RD NW Elk River MN 55330 Parcel # 75700910-0120 Legal Description: LOT 4 Block 1 2024 Original 2024 Suggested Change Land $134,500 $174,500 Improvements $413.450 $413.450 TOTAL $547,950 $587,950 Difference: (+$40,000) Corrected land value from clerical error 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Katherine & Grant Hilyar 20816 Fresno ST NW Elk River MN 55330 Parcel # 75-00912-0225 Legal Description: LOT 5 Block 2 2024 Original 2024 Suggested Change Land $133,400 $164,900 Improvements $499.000 $499,000 TOTAL $632,400 $633,900 Difference: (+$31,500) Corrected land value from clerical error 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Paul & Sandy Peterson 18094 Fresno ST NW Elk River MN 55330 Parcel # 75-00873-0105 Legal Description: LOT 1 Block 1 2024 Original Land $89,400 Improvements $372,400 TOTAL $461,800 Difference: (+$29,300) Corrected land value from clerical error 2024 Suggested Change $118,700 S372.400 $491,100 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Prime Partners LLC 1428 5th Ave Anoka MN 55303 Parcel # 75-00901-0260 Legal Description: LOT 12 Block 2 18602 Salem ST NW, Elk River MN 55330 2024 Original 2024 Suggested Change Land $80,800 $108,000 Improvements $268,100 $268,100 TOTAL $348, 900 $376,100 Difference: (+$27,200) Corrected land value from clerical error 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Prime Partners LLC 1428 5t" Ave Anoka MN 55303 Parcel # 75-00901-0145 Legal Description: LOT 9 Block 1 18585 Salem ST NW, Elk River MN 55330 2024 Original Land $80,000 Improvements $280.900 TOTAL $360,900 Difference: (+$27,000) Corrected land value from clerical error 2024 Suggested Change $107, 000 280 900 $387, 900 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Kevin Hagen Jr 14226 212t" Ave NW Elk River MN 55330 Parcel # 75-00924-0110 Legal Description: LOT 2 Block 1 2024 Original Land $125,400 Improvements $318,900 TOTAL $444,300 Difference: (+$39,000) Corrected land value from clerical error 2024 Suggested Change $164,400 $318,900 $483, 300 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Prime Partners LLC 1428 5th Ave Anoka MN 55303 Parcel # 75-00901-0305 Legal Description: LOT 1 Block 3 18605 Salem ST NW, Elk River MN 55330 2024 Original 2024 Suggested Change Land $80,800 $108,000 Improvements $296.600 $296.600 TOTAL $377,400 $404,600 Difference: (+$27,200) Corrected land value from clerical error 2024 Elk River Local Board of Appeal and Equalization 04/08/2024 Recommendation from County Assessor For changes to 2024 Assessment Haley Myers & Seth Johnson 18592 Salem St NW Elk River MN 55330 Parcel # 75-00901-0250 Legal Description: LOT 10 Block 2 2024 Original Land $80,800 Improvements $244,400 TOTAL $325,200 Difference: (+$27,200) Corrected land value from clerical error 2024 Suggested Change $108, 000 $244,400 $352,400 2024 Elk River Local Board of Appeal and Equalization 04/8/2024 Recommendation from County Assessor For changes to 2024 Assessment Jamie Vale 624 Irving Ave NW ELK RIVER, MN 55330 Parcel # 75-00412-0230 Legal Description: LOT 6, BLOCK 2 Burrell's Addition S34 T33N R26W 2024 Original 2024 Suggested Change Land $89,080 $89,080 Improvements S 182.822 '$ 164.859 TOTAL $271,902 $253,939 Difference: (-$17,963) Assessor recommendation: After a complete interior and exterior inspection it is recommended to adjust the improvement value to $164,859 due to age and condition. 2024 Elk River Local Board of Appeal and Equalization 04/8/2024 Recommendation from County Assessor For changes to 2024 Assessment Diane & Michael Burns 16762 Yale St NW ELK RIVER, MN 55330 Parcel # 75-00494-0155 Legal Description: LOT 12, BLOCK 1 Mississippi Heights S11 T32N R26W 2024 Original 2024 Suggested Change Land $235,424 $235,424 Improvements $715,467 S681.867 TOTAL $950,891 $917,291 Difference: (-$33,600) Assessor recommendation: After a complete interior and exterior inspection it is recommended to adjust the improvement value to $681,867 due to upper living area only being storage. James and Nora Wacek 19715 Tyler Street NW Elk River, MN 55330 Property ID: 75-00123-4300 To the Local Board of Appeal and Equalization City of Elk River Elk River City Hall Date: April 3, 2024 We present this letter as notice that we hereby appeal the valuation of our property listed above. We have purchased our property for $335,900 on 11/10/2022 on the open real estate market based on MLS listing of the property that is still available online. Sale was noted on the public records under the above listed proprety ID. We requested that the Assessor would adjust the estimated market value based on the actual sales price to represent the actual market price of our property but we were refused. We contest the use of a generic study for estimating the market value of our proprety instead of using the actual market price paid as our proprety was sold and purchased on the open market for a market price determined by real estate professionals based on size, age, condition'and features of the property comparable to similar properties sold in close proximity of our location, which is a tested and proven method used by lenders, appraisers and realtors. For your reference, here are publically available records on our proprety: Location:19715 Tyler St NW Sale Date:11/10/2022 Sale Price: $335,900 (listed price $339,500) Built:1985 Size: 1908 sq ft 3 bed/1.5 bath Sold at $176/sq ft based on size and sale price Valued by Assessor at $195/sq ft in 2023 based on size and estimated market value of $372,400 In addition, the definition of the term "estimated market value" is defined in the valuation notice as "This value Is what the assessor estimates what your proprety would likely sell for on the open market". In support of our appeal, we must point out, that based on the fact that we know what our property actually sold for on the open market, we know that our proprety would likely NOT sell at the estimated price of the assessor. We request the Honorable Local Board and Equalizaton to order the Sherburne County Assessor to adjust the valuation of our property for the purpose of tax assessment calculation based on the actual market price paid at $335,900. The estimated market value listed on the valuation notice Is overinflating the price of our property unfairly in comparison to the paid market price, and the estimated market valuation of comparable homes sold in our neighboorhood since our purchase. We sincerely apologize that we are unable to be present at the meeting in person but trust that we have included the relevant facts of our appeal for a satisfactory decision so no further actions will be required for a just outcome In this case. If you require further action or information from us, please let us know by calling at 651-340-9696 or email at james.wacek@gmail.com or by mail at our address listed on the top. Sincerely, { Jam s Wacek and Nora Wacek Enclosures: 4 public listings printed from Coldwell Banker Homes website for each property listed above 4 property tax statements for each property listed above 3 Scott Jones 20927 Elk Lake Rd NW Ell( River, MN 55330 Local Board of Appeal and Equalization City of Elk River Elk River City Hall April 8, 2024 We are unable to attend the appeal meeting on Monday April 811• 1 am sending this Letter to the assessor to be able to appear in front of the County Board of Appeal on June 14t". CJ has already had the opportunityto come to our home and do a walkthrough. It is my opinion that the Estimated market Value is too high. Thank you, Scott Jones Jolene Richter From: Tina Allard Sent: Monday, April 8, 2024 12:51 PM Cc: Jolene Richter Subject: FW: Home valuation appeal 19451 Rawlins Cir NW Hi Councilmembexs: See below. From: Carla <6barzizas@gmail.com> Sent: Monday, April 08, 202412:12 PM To: Tina Allard <tallard@ElkRiverMN.gov>; clinton.kopetka@co.sherburne.mn.us Subject: Home valuation appeal 19451 Rawlins Cir NW Hello, I am officially appealing the valuation on our home. My husband and I are unable to make the meeting on Monday, April 8th. This email is to request to be able to appear in front of the county board. C1 has already done a walk through on our home. I(indest regards, Carla Barziza 19451 Rawlins Cir NW Elk River, MN 55330