06-02-81 CCM - Laserfiche WebLink

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CITY OF LAKE ELMO BOARD OF REVIEW; JUNE 3, 1981 Councillors present: 2:30 to 5:30 - Novak, Eder and Mottaz 5:30 to 7:30 - Fraser and Eder 6:00 to 7:00 - Morgan ASSESSORS: Ray Durrow 9120 Hudson 37034-2460 Valuation: Blvd $62,300 June 16, 1981 Council action. Change the classification to Ag. Sally Zoller and David Stephen Questioned the valuation. The Durrow's have a life estate with Dayton Hudson to live on the property. They cannot sell the property; but could move the house if they would move. The house is 125 years old. They live on three acres that are still part of the 60 acre farm they sold to Dayton Hudson. They pay a life estate tax of $200. They do not feel they should have to pay the same amount of taxes as someone who could sell their property. They questioned double taxing of the property stating Dayton Hudson is taxed on the 60A; and they are taxed on their three acres. The life estate provision is on the three acres, only. The Assessors said the parcel and house still have value and they cannot change the value. The parcel is presently taxed residential. ASSESSOR ACTION: None COUNCIL ACTION : Mayor Eder recommended the Assessor research this situation and make a recommendation to the Board. ASSESSOR RECOMMENDATION: The Assessor checked the records and determined that Dayton Hudson pays taxes on 57 acres. The Durrows are paying taxes on the 3 acres. No comment was made about changing the classification to agrigultural. Gerald Wulfing Questioned the 32% valuation increase. He does 8196 38th St. not feel the home would sell for $82,000. The 37095-4200 increase in value will double his taxes. The home Valuation: $82,660 was revalued this year. Previous increases over the past three years were blanket increases. Mr. Wulfing said he has an appraisal done last year and the amount was $75,000. ASSESSOR ACTION: The Assessor recommended Mr. Wulfing bring in his written appraisal and consideration will be given on an adjustment. COUNCIL ACTION: None ASSESSOR RECOMMENDATION: The assessor viewed the house and recommended no change. The valuation is in line with the square footage and because there is a pool. An adjustment will be considered if an appraisal is brought in. drs. Ranallo Questioned the assessed value of the home. Home 8643 Stillwater Blvd. is 35 years old and feels it is the highest valued 37021-3000 in the area. The Assessor gave a breakdown of the Valuation: $57,780 home assessment. Mrs. Ranallo said there is no kitchen in the basement as indicated on the record.