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HomeMy WebLinkAboutBOR April 19, 2004 C'..-GL\..u.J:.- ~ C I T Y o F Lú1.Jl:::tu, 5 A-I-04- NDOVE ANDOVER BOARD OF REVIEW MEETING -APRIL 19, 2004 MINUTES The Board of Review Meeting of the Andover City Council was called to order by Mayor Mike Gamache, 7:05 p.m., Monday, April 19, 2004, at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Councilmembers present: Don Jacobson, Mike Knight, Ken Orttel, Julie Trude Councilmember absent: None Also present: City Finance Director, Jim Dickinson City Administrator, John Erar Jason Dagostino, County Appraiser John Leone, County Appraiser Others BOARD OF REVIEW Mayor Gamache explained what the Board of Review is for and asked if the City had any written appeals. Mr. Dickinson stated they did not receive any. Mr. Winslow Holasek passed out a letter to the Council and stated he wanted to reserve the right to appeal. He stated he was glad to see that the County assessor gets back with answers to his questions promptly and is very easy to work with. He stated a resident cannot ask for anything more. Councilmember Jacobson noted on page 11, it ta1ks about the market value this year and he wondered why there was a large difference in tax rates throughout the City. Mr. Dagostino stated it depended on the taxable market rate the homes in the area were sold for. He stated the County was a little over eight percent tax increase this year. Councilmember Trude stated they are comparing average sales to average sales. Mr. Dagostino stated that is correct. Each neighborhood is in its own particular land zone and they run ratios for those land zones and compare their assessment to the market and adjust on a mass basis accordingly. Mr. Leone stated they measure that adjustment by running their sales ratio studies and finding out what their co-efficient dispersion is and the median sales price and making sure their level of assessment is good. Councilmember Jacobson asked what the difference is between estimated, limited and taxable market value. Mr. Dagostino stated limited market value is generally for rental properties and is the same as the taxable market value. The on1y difference between limited and taxable is if you have a green acres value then the limited will be different than the taxable. He stated that each year property can be valued at whatever the market dictates but State Statute limits it to a certain percent that it can be raised each year. . . Andover Board of Review Meeting Minutes - April 19, 2004 Page 2 Mr. Dagostino explained the difference between estimated and taxable market value. He explained the estimated value should be fifteen percent above the previous year's market value if no improvements were done. Councilmember Orttel asked if the percentage was income based. Mr. Dagostino stated the percents were across the board. Councilmember Orttel stated the County separates land value from Home value. He wondered what tax increase was on land versus home. Mr. Dagostino stated they look at each site and run sales ratios and fmd out where the assessed value is of the homes and then make structure adjustments and see where they are and make another sales ratio adjustment at the end of review. Councilmember· Orttel asked if the assessor uses their zoning in their tax figures. Mr. Dagostino stated they do. Commissioner Jacobson asked when they look at land that could be developed with sewer and water, what the going land rate is. Mr. Dagostino stated they figure it to be forty thousand dollars an acre. Councilmember Trude stated the ability to run sewer and water into the land increases the property value substantially. Mr. Dagostino stated land without the ability to run sewer and water to it sells for around ten thousand dollars per acre. Mr. Leone asked when the City was looking to increase the MUSA. Councilmember Orttel stated demand is one thing and it is very subjective. The owner would have to come and request their land be included in the MUSA. Mr. Dickinson stated annually the Community Development Department goes out to talk to residents to fmd out who wants to develop. Councilmember Knight asked if fifteen percent is the max, how they came up with that percent. The assessor stated this is mandated by the State. Eight percent is for 2004 and fifteen percent is for 2005. Motion by Jacobson, Seconded by Orttel, to recognize the letter from Mr. Holasek and allow him to move forward. Motion carried unanimously. Motion by Jacobson, Seconded by Orttel, to adjourn. Motion carried unanimously. The meeting adjourned at 7:25 p.m. Respectfully submitted, Susan Osbeck, Recording Secretary