04/20/1998 Council Minutes - Laserfiche WebLink

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CITY COUNCIL BOARD OF REVIEW APRIL 20, 1998 CITY COUNCIL BOARD OF REVIEW MINUTES DATE : April 20, 1998 TIME STARTED : 6:32 P.M. TIME ENDED : 7:00 P.M. MEMBERS PRESENT : Council Members Bergeson, Dahl, Lyden, Neal, Mayor Sullivan MEMBERS ABSENT : None Staff members present: Clerk -Treasurer, Marilyn Anderson and Anoka County Assessor, Todd Smith. The purpose of the meeting was to allow residents to come before the City Council and explain why they feel the value placed on their property by the City Assessor for property taxes payable in 1999 is incorrect. Mr. Smith presented information regarding State Statutes governing the Board of Review. There are several different portions of the Statutes that must be followed. The City and County Assessor's office have followed them every year. Mr. Smith's presentation included a definition of market value. He also presented a map to the City Council. The blue shaded area represents the area of re -assessment in 1997. Mr. Smith reviewed all properties in this area during 1997. The tan area represents the area that he will be reviewing in 1998. By State law, the Assessor must review 25% of the parcels of land each year. Mayor Sullivan noted that this map should be included in the next City newsletter along with an explanation that the Assessor visits one-quarter of the City annually. The final part of Mr. Smith's written presentation was the valuation notice which is designed by State Statute to reflect certain information and sent to each property owner each year. Council Member Neal noted many homeowners build patios. He asked if patios are included in the value of the property. Mr. Smith said patios can be very costly to install. However, they are not included in the value of the property because there is such a wide variety of construction. Decks are included in the value of the property. The Assessor looks at decks as an element of construction and determines the actual market value for that particular deck. Often decks are overbuilt but it may not add the value of what it cost to construct it. This also may be true with finished basements, additions or garages. Land is the only thing that appears to have a constant upward trend in value in Lino Lakes and there appears to be no slowing of this trend. Council Member Bergeson noted at one time there was a 3% increase to the value of all parcels. Mr. Smith said this comes from a historical standpoint. Usually, at the end of the PAGE 1