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I I I I I I I I I I I I I Mr. ThUrston explained that the items taken into consideration to arrive at a market value are the type of house, the square footage and the overall quality of the construction and material. Value for amenities are then added such as fireplaces, central air, etc. The property is then depreciated based on the schedule that is typical in the market. Mr. Thurstoi! informed Ms. Johnson that a policy has not been adopted for monitoring the value of paint and carpet, etc. This would be difficult as the values would be continuously going up and down. Council directed that Mr. Thurston review Ms. Johnson's home and that of her neighbors plus other comparable homes and bring back a recommendation to the Board of Review when they reconvene. Doug Hanson, (PIN 34-32-25-11~0016) 14040 Azurite Street N.W., Ramsey, stated he has a building he feels is not up to standard and his market value has increased by $2,000. He feels his value is way too high as he'd never be able to sell his building for what it is valued at by the assessor. In reviewing Mr. Hansoffs property sheet, Mr. Thurston stated that former City Assessor John Keefe did a market analysis and compared Mr. Hanson's building to similar buildings in the Metro Area and his value amount of $193,700 is supported. Mr. Hanson felt that the building was not worth more than $175,000. Mr. Thurston and Mr. Donnelly agreed to review Mr. Hanson's property. Mr. Ben Deemer, 14501 Sunfish Lake Boulevard N.W., Ramsey, stated that for taxes pay. able 1993, he has made application for homestead abatement. He explained he was trying to purchase property last spring but couldn't sign the purchase agreement because the property was encumbered by the City. He stated he doesn't know if he's getting the property or not but does not want to lose the right to abatement. Mr. Thurston stated he would check into this for Mr. Deemer. He commented that when there's something to do with a title defect, it's handled by the County Attorney. Mr. Leonard Spohn, (PIN 35-32-25-21-0001) property owner in Industrial Park, stated in 1991 his property was valued at $123,700. In 1992 his value increased to $201,200. He stated he protested that amount, to no avail. In 1993 his value was lowered to $199,900 and now the value is back up to $204,500 for taxes payable in 1994. He felt his property value should not have increased from last year and stated property can't even be "given away" in his area. If he were to get for his property what it is appraised at, he would need $14,000 an acre. He stated that the City has put a storm sewer through his property on an easement they don't have yet and he's been paying taxes on that for five years. He added that he also lost eight acres of rye that the City hasn't paid him for yet either. City Administrator Schroeder stated that a check would be issued to Mr. Spohn for his rye crop. Mr. Thurston offered to review Mr. Spohn's property and also the property in that entire area. A representative of Alpaca Estates was present and stated they have some lots listed at $23,000 that they have not yet been able to sell and he felt their tax base needed to be reviewed. He felt they were being overtaxed and they dofft want it to keep increasing. He suggested that the City consider allowing multiple housing on some of their lots. Board of Review/April 1, 1993 Page 2 of 3