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242
<br />May 9, 1979
<br />Mr. Plemmons requested that the assessor come out and take a look at his
<br />property to review this. Mrs. Roisum asked hom to call to make an
<br />appointment whenever it was convenient.
<br />Mr. and Mrs. Standridge, plat No. 82908, parcel 3300 said that there
<br />were no improvements other than land improvements on their property,
<br />and their taxes had jumped quite a bit since last year. Mrs. Roisum
<br />checked the books and found listed the house, the deck, the shed and a
<br />barn as all the structures on the land, and market value listed as in-
<br />creasing from $40,778 in 1978 to $43,400 in 1979; she said that this
<br />increase was due basically to inflation. She also indicated that the
<br />building site value rose fro $5,900 to $8,00 this last year. Mr.
<br />Standridge said that the house is high water 90 %of the time; Mrs. Roisum
<br />said that this was taken into consideration, and explained the pro=
<br />cedure. Mr. Standridge requested that Mrs. Roisum come out and revalue
<br />the house. An appointment will be made.
<br />Mr. Dae Hak Chi, Plat No. 88083, parcel 20 wanted to know what his taxes
<br />were going to be next year. Mrs. Roisum said she had only a partial
<br />structure listed as of 1979. Mr. Sarkey first gave a rough estimate of
<br />$90.00, based primarily on the lot, as the structure is listed as in-
<br />complete on January 2 (1979). He added that if he occupies it prior to
<br />June 1, then he would be eligiablefor the homestead property tax refund.
<br />which would reduce that tax to about $290. This was based on a $12,000
<br />value on the house. This year's taxes would be just on the lot. With
<br />the limited value at $6,000, Mr. Starkey revised his estimate to be
<br />$240, with half of that refunded if the home was occupied by June 1.
<br />Mr. Thomas Lehn, palt No. 85400, parcel 1000, asked how market value was
<br />determined. Mr. Starkey said that market value should reflect what
<br />homes are actually selling for, but that because assessments are made
<br />early, the market value is often only about 90% of the actual selling
<br />value. Mr. Lehn wantted to know how assessments are done on new homes,
<br />especially in reference to his; Mrs. Roisum said that someone probably
<br />looked at it either before they moved in, or possibly afterwasrds. Mr.
<br />Lehn asked if it was possible to find out what neighbor's homes were
<br />valued at. Mr. Starkey said that when the Assessment Book is available
<br />(sometime in November), it is a matter of public record. Mr. Lehn was
<br />concerned becasue his home was valued at $55,700, and he understood his
<br />beighbor's jp,e. pm a comparable lot, to be valued at $44,000. Mrs.
<br />Roisum replied that it may not have been listed as a complete stru -ture
<br />at the time of assessment (completion of structures is often estimated
<br />for January 2), or that different types of homes are valued differently
<br />(split levels, split entries, etc.). Mr. Lehn inquired as to how homes
<br />are valued; Mrs. Roisum said all the homes in Colonial Woods are running
<br />very close together, and offhand, none seem to be valued at more than
<br />$5,00 less than Mr. Lehn's ,r. Lehn asked for a breakdown on his home:
<br />There is a land value of $11,200, which includes a $2,000 land improve-
<br />ment value for 1979, and a structure value of $49,400, for a total of
<br />$60,600. 1978 structure value was $48,500. Mr. Lehn said that last
<br />year's lot taxes were $19, and he was surprised because it was so low.
<br />Mr. Starkey replied that the first year taxes on a lot from a larger
<br />plat is figured by taking the larger area acreage value and dividing it
<br />by the number of lots, and that's why first year taxes are so low. Mr.
<br />Lehb wanted to know if in the event he wasn't comfortable with teh
<br />valuation on his house when he saw the Assessment Book in November,
<br />would he have any further recourse? Mr. Starkey indicated that he could
<br />complain this time next year on any previous taxes and it could be looked
<br />into again at that time. At that point hw could go through the local
<br />board, then the County Board, and after that there is still the option
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