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Home My WebLink About6A - Board of Review MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: CITY COUNCIL AGENDA REPORT May 15, 2000 ~ 7A \ Frank Boyles, City Managr;f;!. CONTINUATION OF BOARD OF REVIEW. History: The City Council, sitting as the Board of Review, conducted the annual public hearing on May 1, 2000. One individual appeared to appeal the valuation of his home as of January 2, 2000. The Council closed the public hearing contingent upon receiving a report from the County Assessor. Current Circumstances: County Assessor Leroy Arnoldi has completed the attached report after visiting the property in question. Mr. Arnoldi recommends that the valuation be unchanged. Conclusion: The Council may affirm, increase or decrease the Assessor's recommended valuation. Once the Council has addressed that valuation, they should affirm the January 2, 2000 valuation on all homes in Prior Lake. ALTERNATIVES: (1) Act upon the Assessor's recommendation for the specific property and then confirm all other valuations as of January 2, 2000. RECOMMENDED MOTION: Motion and Second to affirm the County Assessor's recommendation with respect ot PID #25-0450120. Motion and Second to affirm the County Assessor's valuations on all Prior Lake properties as of January 2, 2000. 16200 Eagle Creek Ave. S.E., Prior Lake. Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245 I :\COUNCI L \AGNRPTS\2000\0515 _7 A. DOC AN EQUAL OPPORTUNITY EMPLOYER SCOTT COUNTY FINANCE DIVISION TAXATION DEPARTMENT 200 FOURTH AVENUE WEST SfU\KOPEE,MN 55379 (612) 496-8115 Fax: (612) 496-8135 lamo ldi@co.scott.mn.us http://www.co.scott.mn.us LEROY T. ARNOLDI DEPARTMENT OF TAXATION DIRECTOR May 10, 2000 Prior Lake Board of Review RE: PID# 250450120 Bruce A. & Joanne C. Jorgensen 14307 Shady Beach Trail Prior Lake, MN 55372 Enclose please find an appraisal report along with comments relative to the above captioned property. The first step in reviewing this appeal was to determine if the market value assigned to the property was representative of its current value as of January 2, 2000. The appraisal report as submitted indicates that the valuation of $503, 800 does not exceed what the property could logically be marketed for. The second step was to analyze the sales, submitted by Mr. Jorgensen, reflected any discrimination as to being assessed outside of the perimeters of the Department of Revenue guidelines (90% - 105%). The median ratios for this sampling indicate proper assessment technique was used and no discrimination exists. With the valuation issue addressed, the main focus ofMr. Jorgensen appears to be actual dollars of real estate taxes. While one can sympathize with anyone that pays a large amount of tax, the market value of the property still remains the primary charge of the assessor. The proper forum for discussion of taxes and their relationship to budgets are at budget meetings. Based on these findings I am recommending no change in the estimated market value of $503,800. Respectfully submitted, .I-u['vL/' ~~-. 'L \.. ..' ..',' -'. ~\. Leroy T. Arnoldi Scott County Assessor In analyzing the 21 properties that were fumished to the assessor's office, the first priority was to retrieve data for the current assessment year. All information furnished to the assessor by the petitioner was for taxes payable 1999 which would reflect market values as of January 2, 1998. The following is the most current information relative to these properties. PID# 2000 market value comment 25 046 009 0 $532,100 250450100 $218,900 sold 2-97 / $230,000 25046001 0 $512,000 sold 5-98 / $550,000 25 046 009 0 $532,000 sold 7-98 / $532,578 252880010 $514,700 sold 12-99 $600,000 25 1260020 $139,600 no lakeshore / no sale 25 288 003 0 $357,100 25288001 1 $535,300 25 031 0 1 0 1 $389,100 sold 5-97 / $368,200 25 265 002 0 $590,800 25 03 I 0 I I 0 $513,500 25 03 1 0 I 2 0 $455,200 sold 2-97 / $470,000 25 03 I 0 I 0 0 $366,700 sold 5-97 / $345,800 250310070 $399,000 250470210 $314,700 sold 10-97 $249,900 25047013 I $667,500 sold 11-99 $815,000 25 1 17 010 0 $363,500 25 1 17 003 0 $239,700 25 I 17 0 I 6 0 $371,200 sold 9-97 / $336,500 25 046 008 0 $379,300 25045001 0 $430,800 While there is no comment on several parcel numbers, the factual sales indicate that the activity portrays a median sales ratio within the accepted Department of Revenue guidelines. Notes from inspection on the property located at 14307 Shady Beach Trail. Prior Lake, Minnesota 05-08-2000 Owner states hail damage to roof and skylights and windows. Appraiser notes both skylights and a few windows infact due suffer from hail damage. Home has a wood shake roof; inspection from the ground shows little sign of extensive damage Some split shingles were noted Owner states asphalt driveway and front concrete sidewalks need to be replaced due to settlement Appraiser notes some cracks in the sidewalk and some settlement in the driveway. Both units appear fully functional with little cosmetic deteriation. Owner states central air conditioning unit is inoperable. Appraiser noted this. Did not test. The appraiser is not an expert in this field. Owner states the back portion of garage (workshop) is unfinished. Appraiser notes insulation in walls and approximately 50% of the garage (workshop) is drywalled. Front portion of the garage is finished. Owner states site provides little privacy. Appraiser notes neighboring properties to the north and to the south. Property to the north is located close to the south property line. (NOT SURVEYED). All sites viewed as TYPICAL Lakeshore properties. Owner states moisture problems with the windows due to high humidity. Appraiser notes some water staining on the inside of the windows viewed. Owner states deferred maintenance on the interior of the property. Stained carpet Chipping and scratching of hardwood floors Original paint Chip on stair tread Some settlement cracks around the main level fireplace and built-in Appraiser notes some staining of the carpet, some chipping and scratching of the hardwood floors and some Settlement cracks around the main level fireplace and built-in. Appraise notes condition on interior walls, some scuff marks. All of the above described as typical for this age of home and described as deferred maintenance. Owner states low quality millwork throughout home. Appraiser notes millwork to be of average quality. Owner states sheWs in pantry bowed or broken. Appraiser notes sheWs in pantry are bowed. Owner states wall in basement is unfinished. Appraiser notes the north wall in the family room area is drywalled and untaped. Owner states entry way closet is too small. Appraiser notes size of hall closet as functional. ,_~__._,..~"_~__.._".._...,.. ....m__'___._~..~_h.." ___m'.'__ T/l-~ ~Gre4J~ if ~ aJuj7()-()~kP M 0 ~ .----------'-f-V - ;? 2 DO / 'l-~ tJ-r ~611. __ _ q~-~~---S~ ~O____ --lb 66zt ----------- -----q2-----illZ 1-t b tit -------_.~-- ------~-f------i-~JZ - ------ ~- -- -----.2-~2/2b----_________ -.~.--~t?P! _.. 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Jorgensen 14307 Shady Beach Trail Prior Lake, MN 55372 Dear Mr. Jorgensen: This letter is to inform you that I will be requesting no change in the estimated market value of your property, for the January 2, 2000 assessment, to the Prior Lake Board of Review at the May 15,2000 meeting. If you disagree with the decision, you have the right to appeal to the Scott County Board of Equalization that will meet June 13,2000 at the Scott County Government Center in Shakopee. If you choose to attend this meeting please call 496-8115 to be placed on the agenda. Sincerely, Leroy T. Arnoldi Scott County Assessor