CC BOARD OF REVIEW MINUTES 04091996

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;J Board of Review Meeting Minutes • April 9, 1996 Page 4 1 Mr. Jeff Light, 3119 Silver Lake Road stated his estimate in 1995 was $80,000 and in 2 1996 it was $85,500. He believes this increase is excessive. Mr. Light stated he spoke 3 with Mr. Miller and he does not believe there are a lot of houses similar to his house. His 4 is over 50 years old and it has a 25 year old roof in need of replacement. Mayor Ranallo 5 asked if the home could be sold for $85,500. He stated the County could do a revaluation 6 but Mr. Light would be risking the chance the value could increase, stay the same or 7 decrease. Mayor Ranallo stated the County would do the reassessment. Mr. Light asked 8 why he was talking to the City when the County was the body that made the valuation. 9 Mr. Miller reviewed the appeal steps again. Faust stated the intent of the valuations is for 10 all taxpayers to pay their fair share. There is no incentive on the part of the City to raise, 11 lower or keep the valuation the same in a reassessment. Mr. Light stated he believes the 12 City has a vested interest in increasing the property values. Faust stated if the City 13 wanted more money from taxes the budget would be raised. Mayor Ranallo stated the 14 City wants to make sure the City looks good for incoming residents and businesses and 15 sometimes that raises the value of the property. Mr. Light asked if the valuation did not 16 increase could the taxes be the same. He asked if he took the appeal process all the way 17 to the tax court and his property value was decreased would his taxes go down. Faust stated it could decrease if only Mr. Light's evaluation was changed. 19 Ms. VanVickle asked why residential property taxes go up and the commercial goes 20 down. 21 Mr. Bruce Holten, 2909 Rankin Road, stated Minnesota subsidizes commercial taxes by 22 residential taxes. 23 Mr. Light stated he would like a re-evaluation of his property. Wagner noted Mr. Light's 24 increase was higher than the average. 25 Motion by Marks, second by Enrooth, to approve a County reappraisal of the property 2 6 owned by Mr. Jeff Light, 3119 Silver Lake Road, as requested. 27 Motion carried unanimously. 28 Mr. Bruce Holten, 2909 Rankin Road, stated last year he went as far as the tax court. The 29 County reduced his valuation from $142,000 to $130,000. This year his evaluation is 30 $134,000. Mayor Ranallo asked if he wants a re-evaluation. Mr. Holten stated he does 31 not. He does not want to waste any more time on this. Wagner asked who the County 'P3 Board of Equalization members are. Mr. Miller stated they are members appointed by the County Commissioners. Enrooth stated the County has the power to change a valuation 34 but the City does not. Mr. Holten stated he does not want to play any more games.