04/15/1996 Council Minutes (3) - Laserfiche WebLink

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CITY COUNCIL BOARD OF REVIEW APRIL 15, 1996 DATE TIME STARTED TIME ENDED MEMBERS PRESENT MEMBERS ABSENT CITY OF LINO LAKES COUNCIL MINUTES : April 15, 1996 . 6:30 P.M. : 7:08 P.M. : Bergeson, Kuether, Landers, Neal : Lyden Staff Members present: City Assessors, Todd Smith and Mary Boyle and Clerk - Treasurer Marilyn Anderson. The purpose of the meeting was to discuss the 1996 assessment valuation placed on property for the 1997 taxes. Curtis Mau, 6668 Blue Heron Drive - Mr. Mau explained that he purchased his property in 1987. He noted the value of his property for 1995 was $99,600.00. His current valuation is $122,000.00. Mr. Mau said that he has not made any improvement on his property and asked why the jump in his property valuation. Mr. Smith explained that the properties in Mr. Mau's subdivision (Rice Lake Estates) had not been evaluated since 1989. As a result, the value on the individual homes were increased from $5,000.00 to $10,000.00 each. Mr. Smith also explained that the records for the entire subdivision were incomplete. Mr. Mau applied for a permit to install an air conditioner which required that Mr. Smith view the property to update his assessment records. When Mr. Smith visited Mr. Mau's home, he found that the basement had been completed and other improvements made totaling $19,000.00. Mr. Mau explained that everything was completed except the air conditioner when he purchased the home. Mr. Smith said that he did not doubt what Mr. Mau was saying, however, the property had not been appraised for about six (6) years. Mr. Smith also noted that the Assessor tries to value property at market value. That is one reason that there was such a large increase in Mr. Mau's property value. Mr. Smith told the City Council that he has now visited every property in Lino Lakes. Page 1