Agenda Packets - 1993/09/13 - Laserfiche WebLink

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Mounds View City Council Page Five "regular Meeting September 13 , 1993 Mayor Linke stated that these credits do not make up the difference saved between taxes and utilities. Councilmember Trude stated that whether a person itemizes or not depends on the age of the homeowner because newer homeowners often have very large deductions for their mortgage interest payments. Mayor Linke stated that earnings are the key to whether a person itemizes or not. Mayor Linke stated he does not itemize because he doesn't have enough deductions, and yet, he has two mortgages, one at 17%. Duane McCarty stated that the County sets the market values for the properties and that there is a methodology used that maintains continuity of fairness within the system. Mayor Linke spent a great deal of time on the phone with Ramsey County personnel discussing how the valuation for properties was set. Mayor Linke stated that Ramsey County explained that the market value is derived from a random sampling of homes being sold in the community. Homes at the time of the valuation that was being discussed were selling for $120, 000, but these were new homes being ,sold. This is what was driving up the market value. McCarty stated that under the law it can't work that way. McCarty stated 411that the County uses sales comparisons for like properties. Mayor Linke stated that the average sale price of homes in Mounds View is what was used. McCarty stated that this is a job for the City Attorney perhaps. Councilmember Trude stated that when she was out talking to people many of them had received 10% increases in their home market valuations and were very unhappy. Mayor- Linke -stated- that -he called Ramsey County to-discuss- market values -- - - - regarding properties and could not get the County to return his calls. Finally, Mayor Linke stated that he called Terry Schutten's office. Don Brager, the City's Finance Director also called and his calls were never returned. Councilmember Trude stated that market values determine the amount of taxation. Mayor Linke stated that he was told by Ramsey County that many residential properties went down, but when he talked to residents he couldn't find even one person whose property taxes went down. Roger Stigney, 8400 Eastwood Road, stated that the comparison that the Mayor made was user fees versus taxes, but there are other means such as special assessments. Stigney stated that one of the other factors in placing the.