Agenda - Council - 05/27/1986 - Laserfiche WebLink

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PROCEEDINGS OF CIT~ COUNCIL BOARD OF ItEVlE~ CITY OF RAHSEY AItC~A COUN~ STATE OF NI~NESOTA The Ramsey City Council conducted a Board of Review on Thursday, April 17, 1986 at the Ramsey Hunicipal Center, 15153 Novthen Blvd. N.I~.~ P. amsey~ Hinnesota. Present: Also Present: Members Absent: Councilmember Arnie Cox Councilmember Jean Schlueter Councilmember A1 8orteberg City Assessor Les ~irz Hr. Gordy Starkey - County Assessor's Office Hayor Gary Heitman Councilmember Gary Reimann CALL TO ORDER Councilmember Cox called the Board of leviev to order at 7:25 p.m. Councilmember Cox stated that the purpose of the Board of leviev is to hear concerns with 1986 property valuations. Jan Hansoa.- 6030 Radium Circle lf~ - #R14-32-25-34-0011 - Stated he bought his home in 198~ for $70,400 which included $4,928 in realtor fees. Deducting those realtor fees brings the price of the home to $65~472. The estimated market value in 1985 was $69,0001 ~arket valuation for 1986 is $72,200. Mr. Hanson stated that he was told that the $3,200 increase was for a 3 season porch on the house; that structure was on the house when he purchased it in 198~. Hr. Wirz stated that Hr. Hanson's value was figured at a replacement rate of $41.66/square foot with a 6~ depreciation. Hr. Hanson inquired if market values will drop if the housing market starts to flatten. Hr. ~irz stated that the sales ratio controls the assessing process. Hr. Wirz also noted that if the porch was on the house in 1984, it just means that Hr. Hanson received one year of taxes that didn't take into account the porch. Councilmembers Schlueter and Sorteberg agreed with Hr. Wirz's explanation. Councilmember Cox stated that he doesn't see a valid reason for the estimated market value to be more than what Hr. Hanson paid for the home just a short April 17~ 1986 Page 1 of 6