05-3-99 agenda•
CITY OF RICHFIELD
MONDAY, MAY 3, 1999
LOCAL BOARD OF EQUALIZATION
7:00 P.M.
COUNCIL CHAMBERS
AGENDA
CALL TO ORDER
ROLL CALL
I. CONVENING OF 1999 RICHFIELD,BOARD OF EQUALIZATION
COUNCIL LETTER NO. 96
ADJOURNMENT
AUXILIARY AIDS FOR INDIVIDUALS WITH DISABILITIES ARE AVAILABLE UPON
REQUEST. REQUESTS MUST BE MADE AT LEAST 96 HOURS IN ADVANCE TO
THE ADMINISTRATIVE SERVICES DIRECTOR AT 861-9702.
•
CITY OF RICHFIELD, MINNESOTA
Council Letter No. 96A
Agenda May 3, 1999
Issue Statement:
Convening of the 1999 Board of Equalization.
Background:
The 1999 Richfield Board of Equalization is scheduled for Monday, May 3, 1999 at 7:00
p.m. in the Council Chambers of City Hall. As provided by City Charter, the. Board of
Equalization consists of the Mayor, Council Members and two citizens appointed by the
City Manager with confirmation by the City Council. Mr. Lawrence Emond and Mr.
Glenn Erickson were recently appointed to serve on the 1999 Board of Equalization.
The duties and responsibilities of the Board of Equalization are established by state
law. In general, it is the Board's responsibility to hear appeals by property owners from
the Estimated Market Values established by the City Assessor and to determine if
market values should be adjusted. The appeals must focus on market values rather
than tax rates or other concerns which property owners may bring up to the Board.
Each parcel of property in Richfield has had an Estimated Market Value (EMV) set as of
January 2, 1999. Overall, residential property values increased by approximately 6.4%
from 1998 values. Properties which were physically reappraised received reductions
and increases, but were generally increased. Properties which were not physically.
reappraised received statistical adjustments based on the characteristics of the property
and a computer assisted assessment.
The Richfield property assessment was conducted through a contract with Hennepin
County, which is supervised. by the Administrative Services Department. Staff works
closely with the Hennepin County Property Appraisers to ensure that the local
assessment complies with the provision of the law. For example, the Administrative
Services Director verifies that the number of on-site properties appraised for 1999
meets the standard (25% of total. properties in the City) established by law.
In addition, the median ratio (comparing Estimated Market Value to sales price) for
Richfield's 1999 assessment is 93.9%. The County Auditor's suggested level of
assessment (median ration) for all municipalities in Hennepin County is 94.0. Thus, the
Richfield local assessment is on target with comparable Hennepin County communities.
On March 12, 1999 property valuation notices were mailed to all property owners
showing the 1999 Estimated Market Value. The notices advised property owners to
contact the City Assessor's office regarding any questions or to schedule an
appearance before the Board of Equalization if the property owner desired to challenge
• the EMV. About 211 inquiries have been received to date, as compared to 240 last
year. In addition, assessing staff did 48 property reviews. Some resulted in
adjustments by the Assessing staff.
To date, the City has received three notifications of appeals to the local Board of
Equalization. All of these individuals indicated that they would appear before the Local
Board.
A list of the property owners who are appealing their EMV is attached to this council
letter.
Any adjustments made by the Richfield Board of Equalization will be recorded on the
property assessment rolls. After appearing at the Local Board, property owners may
subsequently appeal to the Hennepin County Board of Equalization and/or the State
Tax Court.
Recommended Motion:
It is recommended that the Board of Equalization convene at 7:00 p.m. on Monday,
May 3, 1999 and conduct the business scheduled for the Board.
Basis of Recommendation:
1. State Statute and City Charter mandate a Board of Equalization Hearing each year
to be conducted before May 31.
2. The City Council has established Monday, May 3, 1999 at 7:00 p.m. as the date and
time of the Board of Equalization Hearing for 1999.
• 3. Notice of the Hearing has been published and posted pursuant to law.
Alternative Recommendation:
None.
Discussion/Decision Mode:
The Hearing is likely to be conducted and completed on May 3, 1999. However if it
becomes necessary, the meeting could be continued to a future date in May. However,
the work of the Board must be completed within 20 days once the Board is convened.
Re a ully submi ed,
~~
t en L. Devich
Acting City Manager
SLD:cak
•
CITY OF RICHFIELD
1999 LOCAL BOARD OF REVIEW
May 3, 1999
Appearances
Kevin Kilian
7009 5~' Avenue South
34-028-24-11-0085
Raymond Thomas
6800 Portland Avenue South
27-028-24-44-0001
Anil Tandon
6232 12th Avenue South
26-028-24-21-0013
•
1999 EMV
107,000
71,000
101,000
•
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•
SUBJECT PROPERTY
•
•
OWNER Kevin Killian
ADDRESS 7009 5~' Avenue South
PID# 34-028-24-11-0085
1999 EMV $107,000
Story Height Rambler Year Built 1953
Ground Floor Area 1259 Gross Building Area 1164
Fireplaces 2
Central Air Conditioning Yes
Bathrooms 1, 3/4
Finished Bsmt. Area 567
Garage Carport (See Porch)
Porches/Decks Open Porch 288 S.F.
Other/Comments Cargort is valued as open porch
Lot Size 62 x 144
(~ SALES COMPARISON ADJUSTMENT GRID
U
5VBJECT
' COMPARABLE #1
COMPARABLE #2
COMPARABLE #3
COMPARABLE #4
ADDRESS:
CITY: 7009 5th ave s
Richfield 7509 Portland Ave. S.
Richfield 7235 4th Ave. S.
Richfield 7001 5th Ave. S.
.Richfield 7324 3rd Ave.S.
Richfield
'PID #: 34-028-24-0085 35-028-24-32-0014 34-028-24-14-0011 34-028-24-11-0087 34-028-24-13-0003
'SALE DATE: N/A Jan-98 Ma -98 Jun-98 Jun-98
SALE PRICE: ' $93,500 $114,000 $116,000 $115,000
ADJ. SALE f SQ FT: $0.00 $78.57 $99.65 $105.84. $98.46
TYPE OF BLDG: Rambler Rambler Rambler Rambler Rambler
15T FLI2 AREA: 1 259 1 190 1 144 1 096 1 168
GROSS BLDG ,4kI;A: 1 259 1 190 $2 000 1 144 $3 400 1 096 $4 800 1 168 $2 700
UALIT"1': Avers a-Above Av Similaz Similaz Similaz Similaz
AGE: 1953 1955 1962 $1 500 1955 1965 $2 000
GONAITION: S1. BelowAv . Su erior $1000 Su erior $1000 Su erior $1000 Su erior $1000
tST FLR RMti: 7 5 5 5 6
2ND FLR RRIti: 0 0 0 0 0
BED ROOMS: 4 3 3 3 3
BATHS: ' lll ti: 0 0 0 0 0
I FI_~LL 1 1 1 1 2 $3000
~ 3f4: 1 0 $2 000 0 $2 000 0 $2 000 0 $2 000
Tf2-Ifs: ~ 0 0 0 0 1 $1000
BASEM1IL~' f AR EA: 90% Full Full Full Full
FIN. BS1~1T. AREA: ' 567 s.f. 476 s.f. $500 572 s.f. 548 s.f. 350 s.f. $700
WALKOLri': Yes No $1000 No $1000 No $1000 No $1000
E`IREPLACES: 2 2 2 2 1 $2 000
BEAT/COOLING: Gfa/Cac GfaMone $1500 Gfa/Cac Gfa/Cac Ghw/None $1500
GARi~GE: Tk"1'F,
AREA S F"I : None None Detached
528
$5 000 .Attached
560
$6 000 Tuckunder
264
$1 500
DECK: 112 s.f. oor None $500 None $500 None $500 None $500
PORCHES: O.P. 288 oor None $1000 None $1000 GI 120 $2500 None $1000
LOT SIZES >a'I':' 8 928 6 900 $1 000 8 000 7 200 $1 000 6 700 $1 000
T_:OC.1TiON: Average Inferior
Bus stree
$5 000 Similaz Similaz Similaz
I
OTII G: R:
Functional No Gaza a
Similaz
Su erior
$5 000
Su erior
$5 000
Su erior
$5 000
NET ADJUSTMENT: $13,500 $4,600 $5,200 $1,100
ADJ SALE PRICE: $107,000 $109400 $110 800 $113 900
ADJ.'SALE ('SQ FT: $84.99 $86.89 $88.01 $90.47
Indicated Value A s Of .Tanuarv 2. 1999
$110,000_ $87.37 Per Sq Ft
1999 Estimated Market Value: $107,000
Recommended Value: $107,000
Comparable Sales
~~
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COMPARABLE #1
7509 Portland Ave. S.
Richfield
COMPARABLE #2
.7235 4th Ave. S.
Richfield
COMPARABLE #3
7001 5th Ave. S.
Richfield
COMPARABLE #4
7324 3rd Ave. S.
Richfield
[7
SUBJECT PROPERTY
OWNER Raymond Thomas
ADDRESS 6800 Portland Ave. S.
PI D# 27-028-24-44-0001
1999 EMV $71,000
Story Height E125 Year Built 1939
Ground Floor Area 838 Gross Building Area 1033
Fireplaces 0
Central Air Conditioning No
Bathrooms 1, 3/4
Finished Bsmt. Area 251/Poor
Garage 1 Car Detatched - 216 S. F.
Porches/Decks Enclosed Porch - 96 S.F.
Other/Comments Expansion area finish has no value.
Lot Size 50 x 152
SALES COMPARISON ADJUSTMENT GRID
v ...SUBJECT COIV>p.ARABLE #1 COMPARABLE #2 COMPARABLE #3 ' COitiIPARABLE #4
ADDRESS:' '
CTTI : 6800 Portland Ave.. S.
Richfield 6915 Stevens Ave. S.
Richfield 7332 Nicollet Ave.' S.
Richfield 6628 Columbus Ave. S.
Richfield 6616 Portland Ave. S.
Richfield
PlD #: 27-028-24-44-0001 27-028-24-43-0054 34-028-24-24-0110 26-028-24-33-0082 27-038-24-41-0007
SALEll.sI'E: N/A Jun-98 Se -98 Se -98 Ma -97
SALE PRICE: N/A $105,000 $99,900 $108,000 $102,000
TIME An.n STh1EN T 3%
TI1b1E AUJ.SAL>aPRICF. ' $105,000 $99,900 $108,000 $105,000
ADJ. SALE / SQ FT: $0.00 $109.38 $104.06 $103.85 $95.02
TYPE OF BLDG: Ex ansion Ex ansion Ex ansion Ex ansion Ex ansion
1ST FLR AREA:. 838 768 768 832 884
GROS5 BLDG AREA: 1 033 960 $1 800 960 $1 800 1 040 1 105 $1 800
UALITI": Avera a Similaz Similaz Similaz Su erior $2 000
ACE: 1939 1950 $2 000 1948 $2 000 1954 $3 000 1931 $2 000
CONDITION: Fair Su erior $15 000 Su erior $15 000 Su erior $15 000 Sl. Su erior $12 000
15"C FER R11S: 5 4 4 4 5
21~ID FLRRbIS: Unfinished Same Same Same Same
BED RUO><f'~: 2 2 2 2 2
R.1THS'.' I~LX: 0 0 0 0 0
BULL: ', 1 1 1 1 1
314: 1/Poor 0 $500 0 $500 0 $500 1/Av . $1 500
I/2-114: '' 0 0 0 0 0
BASEMENT AREA: Partial - 90% Full Full Full Full
I1IN. BSNTT. t1REA: 226/Poor 384/Av $1 600 230/Poor 416/Poor $600 0 $700
WALKUUT:' None None None None None
FIREPLACES: None None None None 1 $2 000
HEATICOOLING: Fa Gas/CA Fa Gas/CA Fa Gas/CA Fa Gas/None $1 500 Fa Gas/CA
GAR1G E: TYPE
ARE;: SO I~T: 1 Caz Det/Poor
216 2 Caz DedAvg
528 ($3,500) 2 Car AtUAvg
400 ($4,000 1 Car Det/Av
g
352
($2,000)
2 Car DetJAvg
588
($4,000)
DECI:: None None None None None
PORCH Eti: GLP 96' /Poor None $500 GLP 112'/Av $1 000 None $500 GLP 150'/Poor
1.0'r SIDE s ~ t~ f: 7 600 10 530 $3 000 9 324 $2 000 8 184 13 400 $5 000
LOCATION:
Portland Ave.
Superior
($5,000)
Nicollet Ave./Similar
Superior
($5,000) o an
Commercial
Sl. Inferior
($2,000
0TH ER:
NET ADJU5TIVfEIlT: $27,300 $21,700 ($23,100 $23,600
AIIJ SALE PRICE:' $77 700 $78 200 $84 900 $81 400
'' ADJ. SALE / SQ FT: $75.22 $75.70 $82. l9 $78.80
indicated Value As Of January 2, 1999:
000 $75.5.1 Per Sq Ft
1999 Assessed Value: $71,000
Recommended Value: $71,000
.Comparable Sales.
~')
COMPARABLE #1
6915 Stevens Ave. S.
Richfield
__ -
- -- _ _ _-_
COMPARABLE #3
6628 Columbus Ave. S.
Richfield
COMPARABLE #2
7332 Nicollet Ave. S.
Richfield
COMPARABLE #4
6616 Portland Ave. S:
Richfield
,~~ ; _ _ ..
~--_ ~,.
~-.
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SUBJECT PROPERTY
OWNER Anil Tandon
ADDRESS 6232 12~' Avenue South
PI D# 26-028-24-21-0013
1999 EMV $101,000
Story Height Rambler Year Built 1954
Ground Floor Area 1164 Gross Building Area 1164
Fireplaces 2
Central Air Conditioning Yes
Bathrooms 1, 3/4
Finished Bsmt. Area 698
Garage 1 Car Attached
Porches/Decks Enclosed Porch - 96 S.F.
Other/Comments MAC Soundin4 proofin4 and A/C have been added since
2/93 purchase of $88,000.
Lot Size 75 x 128
,~ SALES COMPARISON ADJUSTMENT GRID
/ ' SUBJECT COMPAR4BLE # I COMPAR4BLE'#2 CObiP?.RABLE #3 COMPARABLE #4
AADRESS:
CITY: 6232 12th aver
Richfield 6501 13th sues
Richfield 6338 18th sues
Richfield 6220 12th ave s
Richfield 6214 12th ave. s
Richfield
FIB #: 26-028-24-21-0013 26-028-24-13=0147 26-028-24-11-0053 26-028-24-21-0011 26-028-24-21-0039
SALE DATE: n.a. Nov-97 Au -98 Nov-98 Nov-97
SALE PRICE: n.a. $97,000 $113,000 $116,000 $119,500
ADJ. SALE 1 S PC: $0.00 $108.74 $95.60 $91.48 $94.24
TYPE OF BLDG:: rambler rambler rambler rambler rambler
1ST FLR AREA.: 1 164 892 ] 182 1 268 1 268
GROSS BLDG ARE:1: 1 164 892 $8 100 1 182 1 68 $3 100 1268 $3 100
UALITY:;, avers a similar similar similar similaz
AGE: 1954 1948 1954 1955 1953
CONDITIO\: averse similar similaz similaz similar
1ST FLR RAIti; 5 4 5 6 6
ZND FLIT It11S: 0 0 0 0 0
BED ROO'ti7 ti: 3 2 3 3 3
~ I3':1THS: ULh: 0 0 0 0 0
rFt1LL "` 1 1 1~ 1 1
;i4 1 0 $2 000 I 0 $2 000 1
l'-],'4 0 0 I $1000 0 0
1
BASEMEN`I:ARE;1:
full
full
full
80%
80%
FIN. BSMT. ARE:: 698 s.f. 446 s.f. $1 500 591 s.f. $600 507 s.f. $1 100 710 s.f.
!1'ALKOUT: no no no no no
FIREPLACES::'. 2 1 $2 000 1 $2 000 1 $2 000 2
HEAT/COOLING;: fa/cac fa/none $1500 fa/cac fa/cac fa/cac
GARAGE: 7'l'P E
AREAS F'1: 1 car att
320 2 car det.
440
$1 500 1 car t.u. 2 car det
312s.f./576s.f.
$4 000 1 caz att.
312 2 car att 2 car det
440s.f./440s.f.
$5 000
i
DECK:
0
0
120s.f.
$1000
0
160s.f.
$1500
PORCHES: 96 s.f. GLP 60 s.f. O.P. $2 000 none $3 000 none $3 000 none $3 000
LOT SIZE Sf~ FT 9 600 10 050 l0 125 9 600 11 500
LOCATION: average similar inferior $3,000 similar adj crosstwn $3,000
OTHER: mac sound roofin no mac sound ro $3 000 mac sound roofin mac sound roofin mac sound roofin
remod kit $4 000
NET ADJUSTMENT: $18,600 $1 400 $5 000 $3 600
ADJ SALE PRICE: ' $115 600 $111 600 $121 000 $115 900
ADJ. SALE / S FT': ~ $99.31 $95.88 $103.95 $99.57
Indicated Value As UfJanuary Z, 1999:
$115,000 $98.80 Per Sq Ft
1999 Estimated Market Value: $101,000
Recommended Value: $101,000
Comparable Sales
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COMPARABLE #1
6501 13th Ave S.
.Richfield
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COMPARABLE #2
633818th Ave.S.
Richfield
COMPARABLE #4
6214 12th Ave. S.
Richfield