05-4-98 agenda
CITY OF RICHFIELD
MONDAY, MAY 4, 1998
LOCAL BOARD OF EQUALIZATION
7:00 P.M.
COUNCIL CHAMBERS
AGENDA
CALL TO ORDER
ROLL CALL
0 I. CONVENING OF 1998 RICHFIELD BOARD OF EQUALIZATION
COUNCIL LETTER NO. 105
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.
LI
. CITY OF RICHFIELD, MINNESOTA
Council Letter No. 105
Agenda May 4, 1998
Issue Statement:
Convening of the 1998 Board of Equalization.
Background:
The 1998 Richfield Board of Equalization is scheduled for Monday, May 4, 1998 at
7 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 1998 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 typically concern 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, 1998. Overall, residential property values increased by approximately 3.7%
from 1997 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 1998
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 1998 assessment is 93.5%. The County Auditor's suggested level of
assessment (median ration) for all municipalities in Hennepin County is 93.5%. Thus,
the Richfield local assessment is on target with comparable Hennepin County
communities.
On February 24, 1998 property valuation notices were mailed to all property owners
showing the 1998 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 240 inquiries have been received to date, as compared to 530 last
i year. In addition, 45 property reviews were performed by Assessing staff. 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 will 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 p.m. on Monday, May 4,
1998 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 4, 1998 at 7 p.m. as the date and
time of the Board of Equalization Hearing for 1998.
.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 4, 1998. However if it
becomes necessary, the meeting could be continued to a future date in May.
Respectfully submitted,
James . Prosser
City Manager
0 JDP:cak
0 CITY OF RICHFIELD
1998 LOCAL BOARD OF REVIEW
May 4, 1998
Appearances
Anil Tandon
6232 12th Avenue South
26-028-24-21-0013
Ethel Jallen
7345 10th Avenue South
35-028-24-24-0041
Jeanne Lange
6954/6956-1st Avenue South
i 27-028-24-43-0114
1998 EMV
97,000
76,000
124,800
CD
SUBJECT PROPERTY
•
•
OWNER Anil Tandon
ADDRESS 6232 12th Avenue South
PID# 26-028-24-21-0013
1998 EMV 97,000
Story Height Rambler Year Built 1954
Ground Floor Area 1164 Gross Building Area 1164
Fireplaces 2
Central Air Conditioning Yes
Bathrooms 1/1/0
Finished Bsmt. Area 698
Garage 1 Car Attached
Porches/Decks Enclosed Porch - 96 Square Feet
Other/Comments
of
Lot Size 75 x 128
CD
SALES COMPARISON ADJUSTMENT GRID
ADDRESS:
ITY-
PID #
SALE DATE:
SALE:PRICE:
TIME ADJUSTMENT
.LE'. PRICE
/ SQ FT:
BLDG:
LAF.A•
CONDITION-
1STFLR RMS.-
2ND FLR RMS-
BED ROOMS:
BATAS: DLX:: '
PULL:
3/4:
IN. BSMT. AREA:
VALKOUT:
IREPLACES•
[EAT/COOLING:
:ARAGE: TYPE
lJr \;A.
PORCHES:
LOT SIZE S FT•
LOCATION:
OTHER:
MAC :Soundproof
NET ADJUSTMENT:
J SALE' PRICE-
1; i ADJ. SALE/ S FT
SUBJECT COMP
BL COMPARABLE #2 COMPARABLE #3 COMPARABLE #d
6232 12th Ave. S.
Richfield t
6501
R 6439 - 12th Ave. S.
Richfield 6426 17th Ave. S.
Richfield 6214 12th Ave. S.
Richfield
26-028-24-21-0013 26-028-24-13-0147 26-028-24-13-0023 26-028-24-14-0015 26-028-24-21-0039
N/A 11/97 3/96 7/97 11/97
N/A $97,000 $102,500 $104,500 $119.500
0% 4% 0% 0%
$97,000 $106,600 $104,500 $119,500
$0.00 $108.74 $94.00 $86.22 $94.24
Rambler Rambler Rambler Rambler Rambler
1164 892 1,134 1.212 1.268
1,164 892 $8100 1.134 1,212 $1400 1,268 $3100
Avg.-Above Av . Averse Similar Inferior $1,000 Similar
1954 1948 1956 1954 1953
Averse Inferior $1,000 Similar Similar Superior $3,000
5 4 $500 5 6 5
0 0 0 0 0
3 2 2 3 3
0 0 0 0 0
1 1 1 1 1
1 0 $2,000 0 S2,000 0 $2.000 1
0 0 1 $1,000 1 $1000 0
Full Full Full 90% 80%
689 446 $1.200 453 $1.200 545 $700 621
No No $0 No No No
2 1 $2,000 2 0 $4.000 2
FA/AC FA/None $1,500 FA/AC FA/AC FA/AC
1 Car Attached
320
2 Car Detached
440
($1,000)
1 Car Detached
352
$500
1 Car T.U.
288
$1,000 Car Att.
Car Det.
440 440
($4,500)
None None None None 160 $800
GLP - 96 Open - 60 S1,000 None $2,000 SP - 168 None $2,000
75 x 128 75 x 134 60 x 131 $1,500 75 x 134 100 x 128 ($2,500)
Average Similar Similar Similar Inferior $3,000
Yes No $3.000 Yes Yes Yes
$19,300 $6,200 $6,300 $8,900)
$116,300 $112,800 $110,800 $110,600
$99.91 $96.91 $95.19 $95.02
Indicated Value As Of January 2, 1998:
$112,000 $96.22 Per Sq Ft
COMPARABLE SALES
4D
6501 13th Ave. S.
6439 12th Ave. S.
•
6426 17th Ave. S. 6214 12th Ave. S.
0
SUBJECT PROPERTY
•
OWNER Ethal Jallen
ADDRESS 7345 10th Avenue South
PI D# 35-028-24-24-0041
1998 EMV 76,000
Story Height Rambler Year Built 1952
Ground Floor Area 814 Gross Building Area 814
Fireplaces 0
Central Air Conditioning Yes
Bathrooms 1/0/0
Finished Bsmt. Area 0
Garage 2 Car Detached
Porches/Decks None
Other/Comments
C7
Lot Size 72 x 134
0
SALES COMPARISON ADJUSTMENT GRID
SUBJECT COMPARABLE #1 C.ONIPARABLE #2 COMPARABLE #3
Afth DRESS:
ITY: 7345 1 Oth Ave. S.
Richfield 300 64th Street W.
Richfield 7525 Aldrich Ave. S.
Richfield 7332 10th Ave S.
Richfield
PID 4: 35-028-24-24-0041 27-028-24-22-0072 33-028-24-41-0164 35-028-24-24-0086
SALE DATE: N/A 10/97 3/97 6/96
SALE PRICE: N/A $74,500 $77,900 $86,900
TIME ADJUSTMENT 0% 0% 3%
M EE ADJ. SALE PRI" $74,500 $77,900 $89.500
ADJ. SALE / S IT. $0.00 $97.01 $94.31 $70.92
TYPE OF BLDG: Rambler Rambler Rambler Rambler
IST FLR AREA: 814 768 826 1.262
GROSS BLDG :kRF,1:S20 814 768 $900 826 1.262 ($8,900)
tiALITY:' Avera a Similar Similar Similar
AGE: 1952 1950 1945 $1 000 1952
CONDITION: Average Similar Similar Similar
1ST FZR RMS: 4 4 4 6
2ND FLR RMS?_ 0 0 0 0
BED ROOMS: 2 2 1 $1,000 3 $500
BATAS: DLX: 0 0 0 0
FULL: I 1 I I
3/4. 0 0 0 0
1/2-114':' 0 0 0 0
BASEMENT AREA: None None None None
FIN. BSMT. AREA: 0 0 0 0
WALKOUT: No No No No
FIREPLACES- 0 0 0 0
HEAT/COOLING: FA/AC FA/AC FA/None $1.000 FA/None $1.000
GARAGE: TYPE
AREA SQ FT: 2 Car Detached
720 I Car Detached
320 $3,000 1 Car Detached
300 $3,000 2 Car Det.
572 $1,000
DECK: None None None 160 5800
PORCHES: None None None None
LOT SIZES FT: 72 x 134 82 x 133 (S1,000) 50 x 120 52.000 75 x 134
LOCATION: Average Similar Superior (53,000) Similar
OTHER:
T ADJUSTMENT: ' $2,900 $5,000 ($8200
jJ SALE PRICE: $77,400 582,900 581.300
ADJ. SALE / S FT:" $95.09 $101.84 S99.88
Indicated Value As Of January 2, 1998:
$81,000 $99.51 Per So Ft
r
COMPARABLE SALES
AV. fz
•
•
300 64th Street W.
i
7525 Aldrich Ave. S.
7332 10th Avenue South
(f)
0
SUBJECT PROPERTY
it
•
OWNER Jeanne Lange
ADDRESS 6954/56 1st Avenue South
PI D# 27-028-24-43-0114
1998 EMV $124 800
Story Height one story (DB) Year Built 1953
Ground Floor Area 1944 Gross Building Area 1944
Fireplaces 1
Central Air Conditioning Yes (6956)
Bathrooms 2
Finished Bsmt. Area 460 s.f.
Garage 2 Car Detached 480 s.f.
Porches/Decks none
Other/Comments Owner's side has three bedrooms Ist floor family room
%Adfiro?,ia?p P. undated interior finishes
Lot Size 100x135
O