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Home My WebLink About9A - County Assessor's Report16200 Eagle Creek Avenue S.E. Prior Lake, MN 55372-1714 CITY COUNCIL AGENDA REPORT MEETING DATE: AGENDA #: PREPARED BY: AGENDA ITEM: DISCUSSION: ALTERNATIVES: RECOMMENDED MOTION: May 16, 2005 /,,~\ Frank Boyles, City Manag CONSIDER APPROVAL OF THE COUNTY ASSESSOR'S REPORT FROM THE MAY 2, 2005 BOARD OF APPEALS AND EQUALIZATION HEARING. History: On May 2, 2005, the City Council conducted a public hearing sitting as the Board of Appeals and Equalization. The County Assessors attended the hearing as a resource. At the conclusion of the testimony, the public hearing was closed and the County Assessor's office was directed to prepare reports on each property for which an appeal had been made. Current Circumstances: The attached report has been submitted by Scott County Appraiser Gary Nagel and makes recommendations based on appeals heard by the Board at the May 2, 2005, City Council meeting. The reports were made after visiting properties where possible. The report addresses ten properties. In the case of the Zieska property, the adjustment had been made before the May 2 meeting based upon previous discussions. Of the remaining nine properties, five are recommended to remain the same, four to be reduced and zero to be increased. The report is attached together with materials submitted at the May 2 meeting and supplemental materials from the Assessor's office. Conclusion: The City Council should consider whether it wishes to receive any additional information from the County Assessor. If not, action would be appropriate to affirm the Assessor's valuations. (1) The City Council may affirm, raise, or lower the appealed valuations. (2) The Council should affirm all other 2005 valuations. Alternatives (1) and (2). Motion and Second to affirm the Assessor's recommended values for the properties for which appeals were received, and as a separate motion, to affirm all other values for the 2005 appraisal year. www. cityofpriorlake, com h\COUNClL~AGNRPTS~005\051605BO~ne/~.~~230OF / Fax 952.447.4245 Z n,, o m o o I-- Z u.I 0 == ~ o8 ~ o ~ ~= W W W ~ ~ ~ ~ ~ ~ ~ ~ ~z z z z z II IIIII III III 0 0 0 0 0 0 Z Z Z Z W · Z Z~ Z °~ ~ o~ < <~ O~ ~ O~ ~ z~ 0 z~ 0 z~ 0 z~ 0 z~ 0 z~ 0 z~o 0 0 0 0 0 0 0 0 ~ 0 ~ ~ ~ ~ 0 0 0 0 0 0 0 ~ ~ ~ ~ ~ 0 0 Z '-- ~.~~ ~ ~ .-- ~Z ~0~ ~0~ ~ ~ ~ ~ 0 ~ ~ ~ ~ 0 ~ 0 Z LU a.. a.. C) ILl Regarding property PID# 25-928-012-1 and 25-928-012-2 concerning agricultural status for the assessment year payable 2006. In order for a property to qualify for agricultural classification it must have had 10 acres or more that was used during the preceding year "exclusively and intensively" for raising or cultivating agricultural products. Upon reviewing the property there were scattered fruit trees in two locations on the property, and two separate areas of tilled land, noted as vegetable gardens. Another portion of the property was grassland which appeared to be wild grown. Other areas were lowland and susceptible to high water from an adjacent marsh. This area is also included in the National Wetlands Inventory. After reviewing the property it is my opinion that for taxes payable 2006 the property did not meet the qualification guidelines recommended by the state. It is my opinion and recommendation that the property be classified as residential. Gary W. Nagel Staff Appraiser Scott County Taxation Department SCOTT COUNTY MODIFIED UNIFORM AppRAISAL. REPORT PiN: 250980060 Oistrict: 2001 Address: 3470 Sycamore Trl. S~ Appraiser: Interior Exam: Yes Date of Exam: 51412005 Item Subject comparable #t Comparable #2 Comparable #3 3470 Sycamore Td. NJdress SVV 16015 Norl~,vood Rd. NVV 6406.150th St. SE 6386 150th St. SE PIN~ 250980060 251410830 251540070 259300220 Proximib/ 0.7 Miles 3.25 Miles 3.1 Miles Sale Price $779,000 $643,500 $655,000 Price/SF $389.69 $295.05 $344.74 r Data Source Inspection Record County and MLS Records County and MLS Records County and MLS Records N:liustments Description Description +(-) Adj. Description +('1 Adj' Description +(') Adi' Date of Sale Feb-04 Jun-04 Jul-04 Suburban I Suburban I Suburban I Suburban I Location Lake. shore Lakeshore Lake. shore Lakeshore Res 1140It LS I Res / 85ff LS I Res 1125fl LS / Site/View Rea / 146ft LS I Lake Lake $12,000 Lake $144,500 Lake $42,000 Desic~ln/Appeal 4 Level Split One Sto~/ One Sto~ One Sto~ Qualit~ of Construction Av~l for age Av~l for a~le Av~l for a~le Av~l for a~le A~le 26 Years 19 Years ($14,000) 30 Years 33 Years $14,000 Condition Avera~le Avera le Avera~ · Averat~ · Above Grade TotaI BR's Bath Tot BR Bth TOt BR Bth Tot BR Bth Room Count 6 3 2.5 5 2 2 $1,400 5 I I $4,200 6 3 1.75 $2,100 Uvir~l Area 1,922 1,999 2,181 ($6,4751 1,900 Basement Area Full I VVO Full I VVO Full I VVO Full / VVO Basement Finish 10001.75b 15001 lb ($10,700) 15001.75b ($10,000) 1,000 / .75b Functional Utilit~ Averac~le Avera~le Avera~le Avera~le Heat/Coolin~l FWA I CA FWA I CA FVVA I CA FWA I CA Energy Efficient Items T~/pical Typical Typical T~,pical Gara~te 3 Car Detached 2 Car Attached $3,500 2 Car Attached $3,500 3 Car Attached Porches/Decks/Etc. Deck Deck Deck Deck Special Features None Gar Under Gar ($7,000) None None Fireplaces 1 2 ($2,000) 2 ($2,000) 2 ($2,000) Gross Adiustment % 6% 27% 9% Net Adiustment% 2% 21% 9% !Net Adjustment ($16,8001 $133,725 $56,100 Indicated Value $762,200 $777,225 $711,100 Comments on Sales Comparison(including the subject property's compatibility to the neighbOrhood, etc.): The subject and all sales are lakeshore property located on Prior Lake and could be considered by the same prospective buyer. All comparable sales were judged to be similar in quality and actual age built. Lakeshore was adjusted at $3,500/foot up to 100 Ft., and $2,000/foot over 100 Ft. All sales provide good data for the final estimate of value for the subject and were given equal consideration. Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within three years of the date of appraisal: There is no pending sale or listing agreement on the subject property. There have been no additional sales on the subject or comparables in the past 3 years. INDICATED VALUE BY SALES COMPARISON APPROACH $745,000 I ONE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF 5~4~2005 (VVHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $745,000 Signature ~Did E~Did Not Date Report Signed Inspect Property SCOTT COUNTY MODIFIED UNIFORM APPRAISAL REPORT PIN: 253380420 District: 2002 Address: 16674 Blind Lake Trl. Appraiser: Interior Exam: Yes Date of Exam: 5~4~2005 Item Subject Comparable #1 Comparable ~2 Comparable #3 16674 Blind Lake Address Td. SE 16856 Pere~ldne Cir. SW 5548 Overlook Cir. SE 5918 Crossandra St. SE PIN~ 253380420 253080240 253350130 253160160 Proximity I Mile 0.6 Miles 0.95 Miles Sale Price $289,900 $316,9OO $332,000 Price/SF $165.85 $143.52 $173.10 Data Source Inspection Record County and MLS Records County and MLS Records County and MLS Records ~liustments Description Description +(-) Ad}. Description +(-) Ad~. Description +(-) Adi. Date of Sale Apr-04 Mar-04 Jun-D4 Location Suburban Suburban Suburban Suburban Typical Res / SFR Typical Res ! Typical Res I Typical Res / Site/View Avg SFR Avg SFR Park ($5,000) SFR Av~l Design/Appeal Modified 2 Story Modified 2 Story Modified 2 Sto~ Modified 2 Story Quality of Construction AV~l for a~le Avg for age Avg for age Avg for age A~le 7 Years 9 Years 7 Years 9 Years Condition Avera~le Avera~le Avers le Avera~le ~boveGrade Total BR's Bath Tot BR Bth! Tot BR Bth Tot BR Bth Room Count 8 4 2.75 7 4 2.5 $700 7 3 2.5 $700 8 3 2.25 $1,400 Living Area 2,115 1,748 $14,680 2,208 ($3,720) 1,918 $7,880 Basement Area Full Full / VVO ($3,000) Full / WO ($3,000) Full Basement Finish None None None 1,003 / .75b ($22,160) Functional Utility Average Average Average Average Heat/Cooling FWA / CA FWA / CA FWA / CA FWA / CA Enemy Efficient Items Typical Typical Tl/pical Typical Garage 3 Car Attached 3 Car Attached 3 Car Attached 3 Car Attached Porches/Decks/Etc. None Deck ($3,000) Deck ($3,000) None Special Features None None None None Fireplaces 1 2 ($2,000) 0 $2,000 1 Gross Adjustment % 8% 5% 9% Net Adiustment% 3% 4% 4% Net Adjustment $7,380 ($12,020) ($12,880) Indicated Value $297,280 $304,880 $319,120 Comments on Sales Comparison(including the subject property's compatibility to the neighborhood, etc.): The subject and all comparable sales are modified 2-story style homes located in competing areas of Prior Lake and could be considered by the same prospective buyer. All homes were judged to be similar in quality and actual age built. All comparable sales provide good data for the final estimate of value and were given consideration. Comparable sale fY2 was given the most consideration beeing the closest to the subject in proximity and finished square footage. Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within three years of the date of appraisal: There is no pending sale or listing agreement on the subject property. Comparable sale #3 also sold for $251,150 on 5/2412002, this sale appears to be a fair market transaction. There have been no additional sales on the subject or comparables in the past 3 years. INDICATED VALUE BY SALES COMPARISON APPROACH $305,000 I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF 5/4/2005 (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $305,000 Signature ['--~Did ~'~ Did Not Date Report Signed Inspect Property SCOTT COUNTY MODIFIED UNIFORM APPRAISAL REPORT PIN: 251720580 District: 2001 Address: 17140 Sunrise Ave Appraiser: Interior Exam: Date of Exam: Item Subject, , Comparable #1, i .Comparable #2 Comparable #3 17140 Sunrise Ave Address SW 3258 Spruce Tr. SW 17124 Sunrise Ave SW 3399 Balsam St SW P INit 251720580 251720600 251720570 251720240 Proximit~ 2 lots south Next door 2 Blocks Sale Price $238,500 $220,000 $237,000 Price/SF $204.90 $183.95 $175.30 Data Source Inspection Record Count~ and MLS Records Coun~ and MLS Records Count~ and MLS Records Adjustments Description Description: +(-) Adj. Descflption ~:)Ad), Description +(-) Adj. Date of Sale Jun-04 Ma~,-04. Feb-04 Location Suburban Suburban Suburban Suburban Site/View Res I Av~l Res I Av~l Res I AVl~l Res I Av~l Desil~ln/Appeel 3 level split 3 level split Bi-level 3 level split Oualib/of Construction Av~l for al;le Av~l for a~le AV~l for a~le Av~l for a~le A~le A-26/E-10 A-20/E-10 A-20/E-10 A-17/E-5 ($5,000) Condition Av~I Av~l Av~ Av~; ~boveGrade Total BR's Bath Tot BR Bth Tot BR: Bth Tot BR Bth Room Count 3 I 2 I 3 1.75 152,100) 3 1.75 ($2,100) Living Area 1,416 1,164 $8,820 1,196 $7,700 1,352 $2,240 Basement Area PartiaI-WO PartiaI-WO FulI-WO ($5,000) PartiaI-WO Basement Finish 7201.75b Similar Similar Similar Functional Utilib/ Avera!~e Avera~le Avera~le Avera~le Heat/Coolin~l FWA/CA FWA/CA FWA/CA FWA/CA Enemy Efficient Items Minimal Minimal Minimal Minimal Garage 2 Car Attached 2 Car Attached 2 Car Attached 2 Car Attached Porches/Decks/Etc. None None Deck ($3,000) Deck ($3,000) Special Features None None None Noite Fireplaces 1 I 0 $2,000 I ' Gross Adiustment % 4% 9% 5% Net Adjustment% ~ 4% 0% 3% Net Adjustment $8,820 ($400) ($7,860) Indicated Value $247,320 $2 19,600 $229,140 Comments on Sales Comparison(including the subject property's compatibility to the neighborhood, etc.): The subject and all comparable sales are multi-level style homes located in Plat 172 "Sunset Hills Addition" in Prior Lake and could be considered by the same prospective b~yer. All comparable sales provide good data for the final estimate of value and were given equal consideration. Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within three years of the date of appraisal: , Them is no pending sale or listing agreement on the subject property. Them have been no additional sales on the subject or comparables in the past 3 years. INDICATED VALUE BY SALES COMPARISON APPROACH $230,000 I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE'SUBJECT OF THIS REPORT, AS OF 0NHIOH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE $230,000 Signature r--'~Did ~]Did Not Date Report Signed Inspect Property : 05/05/05 THU 10:25 FAX 9524988135 SCOTT C0[~TY TAXATION ~002 Richard and Maria Keeney 16102 Lakeside Avenue Prior Lake, MN, 55372 952-440-1932 Oma) Local Bo,'u'd of Appeal & Equalization Scott County Taxes Prior Lake Fire Station #1 Prior Lake, MN 55372 Re: Objection to Value of Improvements in 2005 Valuation Statement. Meeting Date: May 2, 2005 - 8:00 p.m. Dear I.ocal Board of Appeal: We question and object to the value of improvements listed for the 2005 Notice of Valuation which lists improvements of $118,000. A phone call this date (May 2, 2005) with Gary at the County Assessor's office was unable to clarify the improvements tbr 2005. It also became clear at that time that there were also possible inaccuracies in the valuations of improvements for prior years on record with the Assessor'.,; office. Although we anticipate that working with the Assessor's office will quickly resolve any inaccuracies, wc feel it is still prudent to submit our objections to the Local Board of Appeal & Equalization at the official meeting so as to fully protect our rights. ' ..Summary of Improvements: Our property had an existing 2-Bedroom House (apx 700 sq-ft) with tuck-under 2-car garage when we purchased it in 2001. We constructed a new house on the property from 2002 through 2003. Consta'uction of the new house wits completed by the end of 2003 resulting in an occupied structure with a 2-car garage. It is unclear what percentage of the new house construction project has been assessed in each tax year. In late 2003, we removed the old house. It remains unclear if removal of the old house (which could have remained as a legal accessory structure) was accounted for in the Assessor's computations. Tills structure was assessed at over $71,000 in 2001. In 2004, the only improvement to our property was the additional 2-stall addition to the attached garage of' the new house (with concrete driveway). We were assuming that the improvements included in the 2005 valuation are limited to the garage addition, and do not include any portion of the construction of the new house in 2002-2003 nor the removal of the old house in 2003. From our conversations with the 05/05/05 THU 10'25 FAX 9524985135 SCOTT C0[~TY TAXATION ~003 Assessor's office today and also the amount of $118,000 of improvements listed in our valuation notice, there appears to be .some kind of error. Actual Cost of Improvements: Actual costs were $29,087 to construct thc garage addition (A summary of costs is enclosed. Copies of actual invoices are available upon request). Comparables Adjustments used in Appraisals: In 2003, the adjustment for a comparable on a mortgage appraisal with a differing number of garage stalls w~ $2000 per stall. Based on that adjustment per stall, adding two garage stalls would only add $4000 to the market value! Disparity of Valuation of Similar Improvements to Neighboring Propertie.~ Our neighbors to the immediate South (16I 10 Lakeside) recently added a stall to their garage and also a finished room to their house. They claim their improvements were only valued at $30,000 in their valuation notice. ' Additional dispute concernin~ "Tag" and Assessor access to interior of house The Assessors office indicated that their records show that they were unable to inspect the interior of the new house. We are aware of two instances where assessors have knocked on the door of new construction. In both cases, they were invited into the house with our full cooperation, but they declined. The Assessor may have made "worst case" assumptions concerning what portions of the basement had been finisl~ed. No improvements to the basement level of our house have taken place since 2003 when approximately ~ of the basement was finished during construction of the new house. It is clear that the value of the improvements made in 2004 is significantly less than $118,000. We would consider a fair value of the actual improvements made in 2004 to be not more than $29,087. We respectfully request that you adjust our Tax Valuation accordingly. Thank you. Richard and Maria Keene.~ff 05/05/05 THU 10:25 FAX 9524968135 SCOTT COL~'TY TAXATION This form is to notify you of the market value and classification of your property for assessment year 2005. The property taxes you will pay in 2006 will be based on this valuation and c/assificatJon. - This is NOT a bill - ' ....... -'--'AUTO"5-DIGIT 5.5328 RICHARD A & MARIA D KEENEY 16102 LAKESIDE AVE SE PRIOR LAKE, MN 55372-2465 l,l,l,,I,l,,,ll,l,=,l,,l,l,,I,l,l,,I,Ii,,,I,l,ll,,,,,hll,l,,I SCOTT COUNTY property ID.: R 250960280 Legal Description: LAKESIDE PARK P/O LOTS 44 & 45 & P/O NWl/4 COM 28' S OF NE[ COR OF LOT 45, W THROUGH CENTER TO SHORE, SE Property Address: ' 16102 LAKESIDE AVE SE PRIOR LAKE MN 55372 ¢ · ,: .."' . ' .. t. ...... ,": . $.' ~ .,' , ;.. ' ".! . .,'..." ,)' '.' ,, ,...' ::' . ,'..' .:'e.' ~ c'~',r ~.. ~,~ . -. v ~" "~, I,'· '-1 ~, -" . ,"' · ~ ' ' ,' · ~" ' ' :" " " ' ' ..... ~' ... ....... . ,.. <... ..... {, · .j~ . ..,..,... . ~ ......,, ,~ ,.. ,.~ , . ... . - . . . . .. ........... ,..,'. ':...... ~,.-r .~,~, .../~, .,....; ~..,,...;... ,.., ,~. ..,c~.~. ~ .~. ;,~ .. Previous 2004 Classification New 2005 Classification RES. HSTD RES. H STD Estimated Market Value Value of New Improvements Limited Market Value Green Acres Value Taxes Payable 21305 641,700 187,100 Taxes Payable 2006 876~700 118,000 856,000 Plat Deferment This Old HOuse Exclusion' Taxable Market Value $ 641,700 $ 856,000 ~]004 TAXATION'DEPARTMENT 200 4th Ave. W., Shakopee, MN 55379-1263 Phone: (952) 496-8773 Fax: (952) 496-8135 E-mail: larnoldj@co.soott mn.us Web site: www.co.scott, mn.us · <IF.,.VOIJf QOI] eve, ~" ,.,< ~, x~ .... ~ -~... ~. ,~,~,~,I~ ,.;,~ ...~Mu~ ~[4'g" '~ · '~. ...,~ .,., ,.~, .: t, ,,~,,...,.,....,.~.. , ~ .,...~,~ ,....¥ ,...~ ..~. {...~.... ..~ ,, ~.~ ~ ~: .'~ ~,~ ~Or[~t,', I'? ¢"~': "'~: ..... ';.':' ''';¢' ',':" :, ,,,~;., ,..; ~.~. ,..:,~'" ~. ~,, , .~; , ~.~. ,~ I~ ~' .,'p' .......... ~fi. : ..~d.' ~ % . . .,' .. , r; .)~ ' 't'~.'"~ ~ .,-, - ~ "~,,' 4'~ , +'"~'~%~""Z'~;.~ "'.%¢' '~ :';~": .;;" ~. :~,'. r ,, .~' .' ',.~ ':." .~ r... ;;% .~ ~.;..~,~,.. 'r~,~.~L~..~.;..', ,' .,are, ava dab i e.'. P ..~'~'~0¢: t h 6~O'~p~ s'~'1~::'~6~3.~:~¢'"?~;",c ,. ,, ,., ~.~ "C ~... .. ' *' ........ '" ~ ' "." '.:' ~ .... ~' ~, ':"' f ,':'"' ?:" ~.¢'~.., L':~"~;~t...:~ '7%.~.c'~." NL~,Y 2, 2005 g:00 .PM FRIOR LAKE STAT[ON al J'[~NE / 4, 2005 9:00 A~! SCOTT CO GOVT CENTEI~ CO BOARD ROOM . .' .... 8~$7007 (Z/05) . ., .. · . 05/05/05 THU 10:28 FAX 9524988135 SCOTT COUNTY. TAXATION ~005 oo 00 o 0 o 05/05/05 THU 10:26 FAX 9524988135 SCOTT COL~TY TAXATION ~006 Richard & Maria Keeney 16102 Lakeside Avenue Prior Lake MN 55372 properly id: R250960280 2004 Garage Addition Actual Costs Description Amount Supplier Date Demolition 1281 Bohnsack Feb-04 Excavation 745 Bohnsack Apr-04 Foundation Concrete 3600 Progressive Apr-04 Garage Doom 1139 Home Depot Apr-04 Lumber Materials 3868 Scherer Bros Apr-04 Tool Rental 92 Crown Rental Apr-04 Windows 917 Home Depot Apr-04 Framing 2460 Sames May-04 Garage FIoorlnsulation 416 Menards May-04 Heating (wirsbo) 160 Menards May-04 Misc Trim 67 Arrowhead May-04 Roofing Labor 350 Zimmerman May-04 Roofing Materials 915 Home Depot May-04 Sand 257 Bohnsack May-04 Floor Slab & Retaining WaiJ 5422 Brazier Jun-04 Stone materials 1197 Twin City Brick Jun-04 Stucco & Stone Labor 6157 MN Stucco Aug-04 Misc Supplies 44 Home Depot TotaJ 29087 Notes: Garage addition = 578 sq-ft, Driveway = 2500 sq-ft 05/05/05 TttU 10:25 FAX 9524968135 SCOTT COUNTY TAXATION ~007 05/05/05 THU 10:30 FAX 9524968135 SCOTT COUNTY TAXATION ~008 05/05/05 THU 10:34 FAX 9524988135 SCOTT COU.NTY TA~TION ~ 009 --,. Brazier Construction 1(;072 Eagle Creek Ave. For_..A Prior Lake, MN 5.5372. 16109 Lakeside Ave Se, Prior Lake Quote: Driveway (2500 sq 1~) x 4.75=$i 1,875.00 Colored Wax: $0.45 x 2500 sq It=$J,125-$1,125 (N/C) = $0.00 Completed Price $11.875.00 I,uke Brazier ~CHED~JLE F (Form 1040) Department of the Treasury Internal Revenue Service Name of proprietor' (99) Profit or Loss From Farming . · Attach to Form 1040, Form 1041, Form 1065, or Form 1065-B. · See Instructions for SChedule F (Form 1040). A Principal product. Describe in one oj' t~,o words your principal_crop or acti~/ity for the current tax year. C Accounting method: (1) ~Cash (2) r'-! Accrual OMB No. 1545-0074 Attachment Sequence No. 14 SQcial security number (SSN) B Enter code from Part IV II io I D Employer ID number (EIN), if any E Did you "materially participate" in the operation of this business during 2004? If "No," see page F-2 for limit on passive losses. I-~ Yes [~No Farm Income--Cash Method. Complete Parts I and II (Accrual method taxpayers complete Parts II 'and III, and line 11 of Part I.) Do not include sales of livestock held for draft, breeding, sport, or dairy purposes; report these sales On Form 4797. v. · ~ f I- · ------! - --r- .............. vii · Villi ~lVl i 2 Cost or other basis of livestock and other items reported on line 1. . 3 Subtract line 2 from line 1 ........ 3 4 Sales of livestOck, produce, grains, and other products you raised.. 4 ~'~ OO 5a Total cooperative distributions (Form(s) 1099-PATR) I 5aI J I Sbmaxab,eamount Sb 6a Agricultural program payments (see page F-2) 6a 6b Taxable amount 6b 7 Commodity Credit Corporation (CCC) loans (see page F-3): l ' a CCC loans reported under election . 7a b CCC loans forfeited ...... ... I' 71~ I' I' I 7c Taxable amount 7c 8 Crop insurance proceeds and certain di ,easter payments (see page F-3): I ~ a Amount received in 2004 . ... I ~ I. I J 8b Taxable amount 813 c If election to defer to 2005 is attached, check here · ['-] 8d Amount deferred from 2003 . 8d 9 Custom hire (machine work) income ..... 9 10 Other income, including Federal and state gasoline or fuel tax credit or refund (see page F-3) . 10 't 1 , ,Gro~s Income. Addamounts in the right column for lines 3 through 10. If accrual method taxpayer, enter the amount ,.from pa~e 2, line 51 .... . · 11 (~ ~ ~" O O m- --=. im ~ ~ ...... · ' . · · · · Farm Expenses--Cash and Accrual Method. Do not include personal or living expenses such as taxes, insurance, repairs, etc., on your home. 12 Car and truck eXpenses (see 25 ·Pension. and profit-sharing page F-4--also attach Form 4562) 12 .. plans , .. 25 13 Chemicals .. .... '* 13 26 Rent or lease (see page F-5): 14 'Conservation... expenses a Vehicles,' machinery, and equip- ' (see page F-4) . 14 merit ...... 26a 15 Custom hire (machine Work) . 15 . b Other (land, animals, etc.).. 26b 16 Depreciation and section 179 27 Repairs and maintenance . 27 expense deduction not claimed 28 Seeds and plants purchased '. . elsewhere (see page F:4) 16 29 Storage and warehousing . 29. 17 Employee benefit programs other . ' 30 Supplies purchased. . ' ' 30 than on line 25 . 17 31 Taxes . 31 · . 18 Feed purchased · .' 18 32' UtilitieS .. 32. 19 Fertilizers and lime . . 19 33. Veterinary, breeding, and medicine ~ 33 20 Freight. and trucking. . · 20 l 21 Gasoline, fuel, and oil . 21 '~"~' ~ ~' 34 Other .expenses (specify): . 22 Insurance (other than health) . 22 / ~ b .................... -. ........... 34b 23 Interest: .,~ · c 34c a, Mortgage (paid to banks, etc.). 233 d 34<1 b Other . . 23b e .......... , .... . 34e 24 Labor hired.(Iess 'eml:;10y~enlJ'credits) 24 .f · 34f 35 TOtal expenses. Add lines 12 through 34f . . . · 35 35 Net farm profit or (Ioss)~ subtract line 35 from line 11. If a profit, enter on Form 1040, line 18, and also on Schedule*SE, line 1. If a loss, 'YOu must go on to line 37 (estates, trusts, and partnerships, see page F-6) . 36 37 If you 'have a loss, you must check the box that describes your investment in this activity (see page F-6). ~ 37a r"] All investment is at risk. · If you checked 37a, enter the loss on Form 1040, line 18, and also on Schedule SE, line 1. · If. you checked 37b, you must attach Form 6198. I 37b [] Some investment is not at riSk. For Paperwork Reduction Act Notice, see Form 1040 instructions. Cat. No. 11346H Schedule F (Form 1040) 2004 To Whom it may concern. I appeal the proposed market value of my home for the year 2006. An improvement valued at $70,000 was added to my home value. As of January 1~, 2005 this improvement was only 25% complete. Therefore I feel that the value of the improvement should be $17,500. miyata PID 25-068001-0