06-02-86 agenda
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CITY OF RICHFIELD, MINNESOTA
Office of City Manager
Council Letter No. 217
Agenda June 2, 1986
The Honorable Mayor
and
Members of the City Council
City of Richfield
Subject: June 2, 1986 Board of Review Meeting
Council Members:
The 1986 Richfield Board of Review is scheduled for Monday,
June 2, 1986, at 7:00 p.m., in the council chambers of city hall.
As provided by city charter, the Board of Review consists of the
Mayor and Council Members, and two citizens appointed by the City
Manager with confirmation by the City Council. Mr. Lawrence
Edmond and' Mr. John Janski were recently appointed to serve on
the 1986 Board of Review.
ibilities of the Board of Review are
The duties and respons
established by state law as outlined in the attached section of
the Minnesota Statutes. 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
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, 1986. Overall,
residential property values increased by approximately .5% from
1985 values. Properties which were physically reappraised
received reductions and increases, with no overall trend.
Properties which were not physically reappraised received
statistical adjustments based on the characteristics of the
property..
For the fifth year, the Richfield property assessment has
been 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 provisions of
the law. For example, the Administrative Services Director
verifies that the number of on-site properties appraised for 1986
exceeded the standard (25% of total properties in the City)
established by law.
In addition, the median ration (comparing Estimated Market
Value to sales price) for Richfield's 1986 Assessment is 92.5%.
The County Auditor's suggested level of assessment (median ratio)
for all municipalities in Hennepin County is 92.5%. Thus, the
Richfield local assessment is on target with comparable Hennepin
County communities.
In April, property valuation notices were mailed to all
property owners showing the 1986 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 Review if the property owner desired to
challenge the EMV. About 150 inquiries have been received to
date, and some resulted in adjustments by the city assessor.
The city has received two notifications of appeals to the
Local Board of Review. One of these notifications indicate that
they will appear before the local Board.
A list of the two property owners who are appealing their
EMV or homestead classification is attached to this council
letter.
Any adjustments made by the Richfield Board of Review 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 Review, and then to the State Board of
Review and/or the State Tax Court.
Res tfully s mit ed,
ev n L. ich ~i
Acting City Manager
SD/eja
cc: Hennepin County Principal Appraiser (Larry Miller)
1986 Richfield Board of Review
Letter Appeal
First Western Bank 6500 Nicollet 27-028-24-24-OD60
Personal Appearance
Gary Sorrell for Janice Gapp 7235 Bloomington
(Homestead) 35-028-24-14-0035