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LAKE 11MO BOARD OF REVIG'WO JUKE 49 1980 —2— 8. James Tobin 4180 Irvin Circle Plate 37446-2650 Estimated Value — $759930 Questioned increase of $12,000 from the Limited Value in 1979 and MOW from the Market Value. The Assessor explained there is no longer a Limited Value and how the Estimated Value is arrived at. ACTION: None 9. Terry Edgington iF280 Ivy Estimated Value — $839105 Plate 371t44 2950 Feels valuation is too high. The Assessor has not gone through the house. ACTION: The Assessor will go through the house and verify the valuation. ASSESSOR CORRECTION: The Assessor determined this parcel was valued too high in 1979. The Edgington's have applied for a corrected 1979 valuation. The assessor adjusted the valuation on the house making the total valuation $76,050. 10. Frank Meyer 11601 Capri Plate 37003-2000 Estimated Value — $41,835 Sun City9 Az. Questioned what is necessary to qualify .for Homestead Credit, as he is on total disability. IIe does not reside on the property. The Assessor said in order to qualify for Homestead Credit his home/residence would have to be on the property. He also asked the aoerage be is valued on. He sold off 10A of the 62A, leaving 52A. The Assessor has his valuation based on 62A. **ACTION: The Council members present and the Assessors agreed to correct the aoerage to 52A with a valuation of $35,500. Mr. Meyer will verify what the taxes will be on this reduced amount with the Assessors Office. 11. Kenneth Hagan 5431 Hilltop Plate 37162-2600 Estimated Value — $1180445 feels valuation is too high, Questions the increase in valuation from date of purohase, June 1979. The Assessor stated last years valuation was based on an incomplete structure (this should have been assessed at total completion in 1979 but was not). The increase included total completion' extras In the home and new rates, The Assessors had not been through the home, ACTION: The Assessors will go through the home and verify the valuation. ASSESSOR CORRECTION: Based on review of the home the .Assessors corrected their valuation to $117,000. 12. John Leslie 115146 20th Street Plate 37024-2750 Estimated Value — $39790 37024-2700 $479195 37024-2653 $120 Questioned the land value increase. The Assessor explained the over—all percentage increase. Discussion on valuation of parcel 37024-2750. **ACTION, Council members present and the Assessors agreed to reduce the land valuation on parcel 37024-2750 to $19880,0making the land value comparable to other lots in the area. The Assessor will also change the roof designation to.Gable from.Iii=p, will check the status of the recreation room and will adjust the valuation if the room is incomplete at the time of the 1981 valuation.