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2.0. SR 05-19-2008REQUEST FOR ACTION To Item Number Board of A eal and E ualization 2.0. Agenda Section Meeting Date Prepared by May 19, 2008 Jessica Miller, Executive Secxeta ~/De u - Ci Clerk Item Description Reviewed by Decision on Appeals from Recessed Meeting of April 30, 2008 Tina Allard, Ci Clerk Reviewed by Lori ohnson, Ci Adxninistsator Action Requested Board motion on each of the eight properties listed in the attachment. Options fox decisions include: No change • Lower the value Raise the value ^ Notify a propextp owner of intent to raise the value Change the classification Background/Discussion At the April 30, 2008, Board of Appeal and Equalization meeting, there were several pxoperdes that the Board directed the County Assessor to review. County Assessor Gerald I~xitzeck and his staff will be present at the May 19 reconvene meeting of the Board of Appeal and Equalization to review and update the Board on those pxopexdes. Attached is a summary of the appeal and action taken by the Board at the Apxi130 meeting Attachments Stxtnmaxy of appealed parcels continued to reconvene meeting on May 19. Action Motion by Second by Vote Follow Up S:AAdminis-txation\Bowd of Appeal\200A Reconvene CC Memudoc ,Properties continued to reconvene meeting of Board of Appeal and Equalization on Mawr 19. 2008: 1. Troy Segora, representing owner Connie Saxton, Parcel Identification Number 75-728-0172 Mr. Segora indicated that the estimated market value on his townhome is $192,300. He explained that there is a high vacancy rate in the townhomcs in his development He noted that a Urand new end unit townhome in his development is currently fisted fox $169,000. He would like to see his market value decreased. Mx. Olson explained that he believes this is a development issue but was not comfortable making a decision on just one property. Mx. Olson added that the land value could be a little high but he believes the total value is reasonable fox the area. The Board directed LV1r. Olson to review the land value and report back at the reconvene Board of Appeal meeting. 2. Brad Shepard, Parcel Identification Number 75-766-0140 Mr. and Mxs. Shepard explained that the current value of their home is $1,032,700 and they believe that is excessive. Ms. Quinn stated that she has made multiple attempts but has been unable to enter the property to conduct an appraisal. Ms. Quinn explained that when access is not allowed she must make assumptions on quality and construction in order to value the home. Mx. Kritzeck indicated that by statute the board cannot act on this parcel until access has been granted. Ms. Quinn provided her contact information to Mr. and Mxs. Shepard and they agreed to call hex fox an inspection. It was noted that the inspection must be completed prior to the date the board reconvenes. 3. Richard Pool, Parcel Identification Number 75-431-0410 Ms. Quinn presented a letter from Mx. Pool appealing his value. She stated that she has an appointment with Mx. Pool to review his property. 4. David Roseland, Parcel Identification Number 75-405-1810 Mr. Roseland was present to appeal the proposed market value on lux pxopexry. Ms. Quinn noted that access to the pxopexry has not been granted. Ms. Quinn provided her contact information and blr. Roseland agreed to contact her for an appointment fox reassessment. S:AAdmini~tration\B~ruxd of Appeal\2008 Rewnvene CC Memo.doc 5. Peggy Kaproth, Parcel Identification Number 75-409-0635 Ms. Kaproth indicated that this is a vacant lot that she purchased at auction. She stated that the 42% increase in market value is excessive. Mr. Olson explained that he reassessed all of the properties on the river in that area. He admitted he had trouble with figuring out a land scheme because the lots had been underassessed in previous years. Councihnember Gumphxev questioned why an increase in value of a property that has been underassessed is not spread out over a couple years. Mx. Olson explained that he cannot ethically spread it out. He noted that the value is not raised simply because it has been underassessed but because that is what it is worth. Mayor Klinzing questioned if the lot can be reviewed to evaluate its condition. Mr. Olson indicated he will review the property and report back to the board at the reconvene meeting. 6. Kenneth Dehn, Parcel Identification Number 75-733-0210 and 75-733-0215 Mr. Dehn submitted a letter appealing his market value. He explained that his business is currently closed and has no tenants and he would like a reassessment. Mx. Cullen indicated he will reassess the property and report back at the reconvene meeting. Jeffrey Day, Parcel Identification Number 75-523-0230 Mx. Day submitted a letter appealing his market value. The property will be reassessed and the appraiser will report back at the next meeting. 8. Mark Pendergast, Penmar Properties, Parcel Idendfication Numbers 75-133-1115 and 75-133- 1100 (Elk Crossing, LLC) Mr. Riley presented a letter from Mr. Pendergast appealing his values on the above mentioned apartment buildings. Mx. Riley explained that the appraisers were not able to review the properties until yesterday. He stated that he would recommend this item be continued to the reconvene meeting so the owner has time to respond to the rental data survey that has been sent out. 5:AAdmirilsceadonABoaxd of Appeal\7A08 Reconvene CC Memo.doc 5 ~ Jq joQ~ ~}u„doc~t5 Date: ~i19/2008 To: Elk River Board of Equalization Reconvene Meeting Re: Parcel Number 75-728-0172 (Connie Saxton) From: Greg Olson, Elk River City Assessor After reviewing assessed values and sales within our study period, I am recommending an adjustment of $6000 to the land value and a 5% reduction to the building regazding-the above referenced parcel. Value before the change: Land Building Total $41,000 ~ $151,300 $192,300 Value after the change: Land Building Total $3,000 $143,700 $178,700 Decrease in value: Land Building Total -$6,000 -$7,600 -$13,600 West Oaks 2nd Addition Recommended Land Value Adjustments Recommended Building Changes Parcell.D. From To Change From To C hange 75-728-0102 36000 30000 -6000 75-728-0104 36000 30000 -6000 75-728-0106 36000 30000 -6000 75-728-0108 36000 30000 -6000 75-728-0110 36000 30000 -6000 75-728-0112 36000 30000 -6000 75-728-0114 41000 35000 -6000 89100 84700 -4400 75-728-0116 41000 35000 -6000 173400 164700 -8700 75-728-0118 41000 35000 -6000 172900 164300 -8600 75-728-0120 41000 35000 -6000 187200 177800 -9400 75-728-0122 36000 30000 -6000 75-728-0124 36000 30000 -6000 - 75-728-0126 36000 30000 -6000 75-728-0128 36000 30000 -6000 75-728-0130 36000 30000 -6000 75-728-0132 36000 30000 -6000 75-728-0134 36000 30000 -6000 75-728-0136 36000 30000 -6000 75-728-0138 36000 30000 -6000 75-728-0140 36000 30000 -6000 75-728-0142 36000 30000 -6000 75-728-0144 36000 30000 -6000 75-728-0146 36000 30000 -6000 75-728-0148 36000 30000 -6000 75-728-0150 36000 30000 -6000 75-728-0152 36000 30000 -6000 75-728-0154 36000 30000 -6000 75-728-0156 36000 30000 -6000 75-728-0158 41000 35000 -6000 152700 145000 -7700 75-728-0160 41000 35000 -6000 132300 125700 -6600 75-728-0162 41000 35000 -6000 132300 125700 -6600 75-728-0164 41000 35000 -6000 152700 145000 -7700 75-728-0166 41000 35000 -6000 182400 173300 -9100 75-728-0168 41000 35000 -6000 139300 132400 -6900 75-728-0170 41000 35000 -6000 132800 126200 -6600 75-728-0174 41000 35000 -6000 139300 132400 -6900 75-728-0176 41000 35000 -6000 182400 173300 -9100 75-728-0178 41000 35000 -6000 152700 145000 -7700 75-728-0180 41000 35000 -6000 132300 125700 -6600 75-728-0182 41000 35000 -6000 129300 122900 -6400 75-728-0184 41000 35000 -6000 152700 145000 -7700 75-728-0186 36000 30000 -6000 75-728-0188 36000 30000 -6000 75-728-0190 36000 30000 -6000 75-728-0192 36000 30000 -6000 75-728-0194 Common element 6.28 acres no change 45 parcels -270000 17 parcels -126700 West Oaks 3rd Addition Recommended Land Value Adjustments Parcell.D. From To Change 75-741 -0102 36000 30000 -6000 75-741 -0104 36000 30000 -6000 75-741 -0106 36000 30000 -6000 75-741 -0108 36000 30000 -6000 75-741 -0110 36000 30000 -6000 75-741 -0112 36000 30000 -6000 75-741 -0114 36000 30000 -6000 75-741 -0116 36000 30000 -6000 75-741 -0118 36000 30000 -6000 75-741 -0120 36000 30000 -6000 75-741 -0122 36000 30000 -6000 75-741 -0124 36000 30000 -6000 75-741 -0126 36000 30000 -6000 75-741 -0128 36000 30000 -6000 75-741 -0130 36000 30000 -6000 75-741 -0132 36000 30000 -6000 75-741 -0134 36000 30000 -6000 75-741 -0136 36000 30000 -6000 75-741 -0138 36000 30000 -6000 75-741 -0140 36000 30000 -6000 75-741 -0142 36000 30000 -6000 75-741 -0144 36000 30000 -6000 75-741 -0146 36000 30000 -6000 75-741 -0148 36000 30000 -6000 75-741 -0150 36000 30000 -6000 75-741 -0152 36000 30000 -6000 75-741 -0154 36000 30000 -6000 75-741 -0156 36000 30000 -6000 75-741 -0158 36000 30000 -6000 75-741 -0160 36000 30000 -6000 75-741 -0162 36000 30000 -6000 75-741 -0164 36000 30000 -6000 75-741 -0166 36000 30000 -6000 75-741 -0168 36000 30000 -6000 75-741 -0170 36000 30000 -6000 75-741 -0172 36000 30000 -6000 75-741 -0174 36000 30000 -6000 75-741 -0176 36000 30000 -6000 75-741 -0178 36000 30000 -6000 75-741 -0180 36000 30000 -6000 75-741-0182 Future common element-no change 4D Parcels -240000 West Oaks 4th Addition Recommended Land Value Adjustments Parcell.D. From To Chage 75-753-0010 288000 240000 -48000 75-753-0105 41000 35000 -6000 75-753-0110 41000 35000 -6000 75-753-0115 41000 35000 -6000 75-753-0120 41000 35000 -6000 75-753-0125 41000 35000 -6000 75-753-0130 41000 35000 -6000 75-753-0135 41000 35000 -6000 75-735-0140 41000 35000 -6000 75-753-0145 41000 35000 -6000 75-753-0150 41000 35000 -6000 75-753-0155 41000 35000 -6000 75-753-0160 41000 35000 -6000 75-753-0165 Future common element-no change 1 lot -48000 12 lots -72000 2008 ELK RIVER BOARD OF EQUALIZATION KECONVENING MAY 19~", 2008 OWNER: SHLiPARD, BRAD A 21213 OLSON C1K L;LK RIVER MN >5330 LEUAL: Lot 8 Block 1 KINGDOM ESTATES SECOND ADDl"PION PARCF,L# 75-766-0140 An arbitrary appraisal was performed because Appraiser was unable to make an interior inspection. On May 1~`, 2008 an interior inspection was completed. I recommend the following value change. Befnre change Land Building Total $]03,600 $929,]00 $1,032,700 After change Land Building Total $103,600 $744,800 $848,400 Decrease:~184,300 2008 ELK KNER BOARD OF EQUALIZATION RECONVENING MAY 19T°, 2008 OWNER: POOL, KICHARD J 17800 194TH AVE NW ELK RTVF.R M1V 55330-1211 LEGAL: Lot ~ Block 4 RTDGF,WOOD EAST 3~D AllDITION PARCEL# 75-431-0410 A letter was presented for Richard on Apri] 30`x, 2008 to the Elk River Board of F,qualization requesting a reassessment of his property. A reassessment was completed on May 7r~', 2008. I recommend the following value change. Before change Lvrd Building Total $67,000 $137,700 $204,700 After change Land Building Total $67,000 $] 08,400 $175,400 Decrease: $29.300 2008 ELK RIVER BOARD OF EQUALIZATION RECONVENING MAY 19TH, 2008 OWNER ROSELAND, DAVID C ADDRESS: 320 RAILROAD DK ELK RIVER MN 55330 LEUAL: See attached YARCLLi! 75-405-1810 An arbitrary appraisal was performed because Appraiser was unable to make an interior inspection. On May 7`~ , 2008 an interior inspection was completed. I recommend the following changes. Assessment of property is as follows: Before change Land Building Total $26,000 $166,200 $192,200 After change Land Building Total $26,000 $10?,800 $128,800 Decrease : $63,400 ~eaa? ~~~script~on PARCEL 1: NWLY TRACT ALL THAT PT OF FOLLOW ING DES TRACT: LOT 7, BLK IS TOGETHER WITH S 1/2 OF VAC PORTION OF 2ND ST ABUTTING SAID LOT 1 ON THE N, ACCORDING TO THE PLAT THEREOF ON FILE & OF RECORD IN THE OFFICE OF COUNTY RECORDER WHICH LIES NWLY OF FOLLOWING DES LINE: BEG AT A PT ON ELY LINE OF ABOVE DES TRACT DIS 18.73 FT S OF NE CORNER THEREOF, THENCE SWLY TO A PT ON SWLY LINE OF SAID TRACT DISTANT 7.44.95 FT NWLY FROM MOST SLY CORNER THEREOF, AS MEAS ALONG SWLY LINE 2008 City of Elk Board of Appeal and Equalization Continuation May 19th, 2008 Ree;ommendations from County Assessor For changes to the 2008 Assessment 1.) DEHN, KEVNETH F SR, TRUSTEE PO BOX 325 ELK RIVER MN 55330 P.LN. 75-733-0215 Plat: K AND L ADDITION Description: LOT 3, BLK 2 2008 Original 2008 Suggested Change Land $ 189,800 $ 189,800 Building S 215,500 $ 176,100 Total $ 405,300 $ 365,900 Decrease of $39,400 to the buildings. Valuation decrease after reassessment. Increase to physical depreciation due to age and condition of the buildings. ~~,~' ~ =~ :, r f " =• i ~ ~~ f~` . :. F P. Q, 5~ ~ .. ~ ° ~ Fi ~ _ '92_ . b.. !~ 75-521-01 `fQ . ~ ~ 75-521-012 ' , ~ ~~ : ~ ~ F ~ ~ ~ ,,~ `~ 4 yy f F ~ ~ ~ r l ~ i f ~: Nr ~ i ~5 --° ~ a ;~ ~ ,r O~~'~ c ,. .. ^ w A ~ W `~ i ~ ~,.u r a -! w ~ ? ' ~ ~I n ~FI °~b i ~ . ~~ ; ~e ~A Y ~ w~ ;h 2 ~< u„ ~ O ~ ~. 6 .... 79-0 79-0 cn 5 ~ ~~ r ro 4 ~' ~ 1 fJ ~ ` a r r , 75- ~~~~ ~ 4•~ w k ~. ~.r ':~ . k. '+ Y •- s, + y ..4 Sri'.: y~' • y •. y 1 v i. w ~ M 33-0208, ~ 75-7~® ~, 'r yy,,a ~ E" ~ _f ~~ '`~~ we `.#$ Sill i .,.i ~x .1'°".Sf~nlSSs F R ' ,~ o ,r ~ ~ ~ H :A ~ i ~~ ~ ~ ~# ,- ~~"' 501`1-2 ; ~ ,~ - ~ -~ µi{ ~~~ ` _,'~ tF. fP f' ~P K .. ~{Por ~ ~ _ ~f f=6 ~ ~ ~~" e ~~rtlrr~ T 3~ ~ # . ~ i ~-i~~. ~ '~. a ~, -• { ` ~, ~" . ~ F•c . M~e+~f ~ F~' Fry r~i ~ - z ~ f~ ~"~ *'~ .Y v ' 1 r ~~~ r 75.11~aas:' '~_ Fraperty Address I - - '4Jt_.City __. ~ Owner 9_._.. Ghent Appraiser Nams 75-733-0215 SKETCH/AREA TA~~E ADDEN®lJIVA State Zip ' ___ 50' eldg2 l/0 2400.0 sf - ' i ~ 23' I ~ I LoR N ' 276.0 sf ' '-' 0 32 _ N pd YtS Y00fl N 66o osrt 0~ - `~ 29' 10' I.D N ~ouer ip N - O O ,y ' -'~~ Dverh anqq ~ ~ ~ bath 2320.0sf o~ 4D~ z2o.osr 13' on~~es De[ Garage 960.0 sf Building l/0 z%a~s ~ SDD0.0 sf Scale: 1 = 42 - - AREA CALCULATIDNS SUMMARY _ ___ I Comment Table 1 Code Description Fac[or Net Size Pe rimeter Net Tofals i, ', -- GLAl Huildingl/0 1.00 5000.0 300.0' ~'I Hldg2 1/0 1.00 2400.0 196.0 '. Oet Garage 1.00 960.0 128.0 I Overhang 1.00 2320.0 218.0 '~, ~ bath 1.00 78.0 38.0' I ', A '. offices 1.00 220.0 69.Oi I ~I, parts room 1.00 660.0 108. 0' '. I, - ~~ boiler 1.00 60.0 32.0 11696.0 '. '~.. ~ I P/P Loft 1.00 276.0 70.0' 2]6.0 ',,., '~,, j ' Comment Table 2 I Comment Table 3 x I I ~I s I T e j x I I ' Net LIVABLE Area (rounded wl factors) I I 11698 '~ -- SHtRaIIRNE COON ry A 5E.501:5 OYFlG[ fi~E% _OFTVJFFE BLL 650-9950 Apx]I LL v~ AocT fdN na 75-733-0215 ?5-~33-0215 i ~ 2008 City of Elk Board of Appeal and Equalization Continuation May 19th, 2008 Recommendations from County Assessor For changes to the 2008 Assessment 1.) DEHN, KENNETH F SR, TRUSTEE PO BOX 325 ELK RIVER MN 55330 P.LN. 75-733-0210 Ylat: K AND L ADDITION Description: LOT 2, BLK 2 2U08 Original 2008 Suggested Change Land $ 73,400 $ 73,400 Building $ 35.200 $ 23,900 Total $108,600 $ 97,300 Decrease of $l 1,300 to the building. Valuation decrease after reasseasment due to age and condition of the building. 7$-733-U21U .y SKETCH/AREA TABLE ADDENDUM Uj Gity m Owner __- -_ -- N Client - --- Appraiser Name 48' Dirt NU ECC[rIC 12' Sld ewall Pole Building 4832.0 sf Slid inc 24' [Y o) Scale' 1=30 AREA CALCULATIONS SUMMARY Comment Table 1 Code Description Factor Nei Size Perimeter Net Totals ' GLAl Pole Building 1.00 4032.0 264 4032.0 { rai Net LIVABLE Area SHFRflURNE COLNTY Ag3E550F 5 OFFICE State Comment Table 2 Comment Table 3 w/factors 4032 I ~- APEX SOFTVJ /1RE BC0.0fi0.905B Apa]i COw Ap Mtalira 2008 City of Elk Board of Appeal and Equalization Rc-convene May 19th, 2008 Recommendations from County Assessor For changes to the ?008 Assessment F,L,K CROSSINGS LLC P.LN. 75-133-1100 PO BOX 47123 MINNEAPOLIS MN 55447 Property Address: 814 PROCTOR AVE NW ELK RIVER MN Nroperty Type: A 21-unit apartment building / 21108 Original Land S 164,400 Building S 969,400 Total $1,133,800 Recommendation of no change. Reason: We have not received the income and expense information as of this time to complete our reassessment. 2008 City of Elk Board of Appeal and Equalization Ke-convene May 19th, 2008 Recommendations from County Assessor For changes to the 2008 Assessment PENDERGAST','_VIARK P.LN. 75-133-1115 PO BOX 47123 MINNEAPOLIS MN 55447 Property Address: 1175 SCHOOL STREET ELK KIVEK MN Property "Type: 2- 8 unit apartment buildings 2008 Original Land $ 164,400 Building ~ 969,400 Total X1,133,800 Recommendation of no change. Reason: W e have not received the income and expense information as of this time to complete our reassessment.