06-02-82 agenda
CITY OF RICHFIELD, MINNESOTA
. Office of City Manager
Council Letter No. 180
Agenda June 2, 1982
The Honorable Mayor
and
Members of the City
City of Richf field
Council Members:
Council
Subject:
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June 2, 1982 Board of Review Meeting
The 1982 Richfield Board of Review meeting is scheduled
for Wednesday evening, June 2, 1982, at 7:00 p.m. in the
council chambers of city hall. The board consists of the
members of the city council and two residents of the city,
which are appointed by the city manager and confirmed by the
city council. The city council has previously approved i~Ir.
Harry Tickner and Mr. Harley Witte as the city residents to
serve on the Board of Review. The responsibilities and
duties of the Board of Review are outlined in the attached
section from Minnesota Statutes.
All property in the City of Richfield has been assessed
as of January 1, 1982, with the current value established for
each property as of that date. In general, residential prop-
erty values in Richfield were increased by an average of 9.1%
since the last general reassessment on January 1, 1981. Each
Richfield property owner received a notice in April, indicating
the January 1, 1982 market value on their property. These
notices requested property owners to contact the city assessor's
office and make an appointment if they wished to appear at the
Board of Review meeting to appeal the valuation established for
their property. Attached to this council letter is a list of
three property owners who have indicated an interest in appear-
ing before the Board.
As indicated, the market value for each property was current
as of January 1, 1982. Attached to this council letter is a
table on which is listed a number of repeat property sales,
comparing the sales price during the past year with the sale
price of the same property one or two years prior to that time.
The sales information substantiates the average increase in
market value which has occurred in the City of Richfield. Also
included is a list showing the average 1981 selling price of
one story buildings and multiple story buildings by total square
Council Letter No. 180 -2- June 2, 1982
. feet , including the selling price per square foot.
Respectfully submitted,
~~~ ~~ ~-
Karl Nollenberger
City Manager
cc: Harry Tickner
Harley Witte
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sass r1yJ~ tl".N IS; KL4'Ik~W, Cl)RRLC"LION, k:QUALIZA"LION 274.
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CI iAi'TER 274
ASSFSS~tENTS; REVIEW, CORRECTION, EQUALIZATION
str arc.
2N 01 H..ard of rr vrew. 27J 12 Dunes or auddor and assessors.
2N O) h'wu:r al mrrun{t. 2711) Courtly board or eQ uallxaUOn.
2N OJ Assess. rt's n•hun to auduor_ 27J IJ Length or srsston. record.
27J u5 AuJitur's crru l,cate, where rdrd. 27J 16 Corrrcled lists, abstracts.
27J (17 Lrst by per s.m auk nr absent. 27i I7 Record, abstract to county auditors.
2N np Cnrrtnwn of b~..~ks 27J I6 ~\burul or reality assessment roll Io
27J U9 Corr r,tuin of lalsr buts and returns. town rltrks.
27J IU hroprrry onuurd ur undrn~alurd 274.19 Assessment or class 2a property.
2N II Tares a ben on pro{H•rty to e~amtnrr's
list
271.01 I30ARD OF REVIEW. Subdivision L (a) The town board of each town,
the council or other goven,ing; body of each city, except in cities whose charters pro-
vide for z board of equalization, shall be a board of review. The county assessor shall
fix a day and time \chen each of such boards and the board of equalization of any city
whose charter provides for a board of equalization shall meet in the several assess-
ment distracts ut the count},, and shall on or before April 1st of each year give written
notice thereof to the clerk. Such meetings notwithstanding [he provisions of any char-
ter to the contrary shall be held between April 1st and June 30th in each year, and the
clerk shall gi\•e published and posted notice of such rneeting at least [en days prior to
the date fixed. Such board shall meet at the office of the clerk to review the assess-
ment and classification of property in such to\vn or district, and immediately proceed
to examine and ace that ull taxable property in the to\vn or district has been properly
placed upon the list, and duty vahled by the assessor. In case any property, real or
personal shall ha\•e been omitted, the board shall place it upon the list with its market
value, and correct the assessment so that each tract or lot of real property, and each
article, parcel, or class of personal property, shall be entered on the assessment list at
its rnarkct value; but no assessmunt of the property of any person shall be raised until
he has been duly notified of the intent of the board so to do. On application of any
person (celing aggrieved, the boa; d shall review the assessment or classification or
both, and correct it as shall appear just. A majority of the members tray act al such
nu'eUng, and acJjourn from clay to day until they finish the hearing; of all cases pre-
sented. the assessor shall attend, \vith his assessment books and papers, and take
part in the proceedings, but shall not vote. The county assessor, or an assistant dele-
gated by lion shall attend such meetings. "I he board shall list separately, on a form ap-
pended to the assessnu•nt book, all omitted property added to the list by the board
and all items of property increased or decreased, with the market value of each item
of property, added ur changed by the board, placed opposite such item. The county as-
sessor shall enter ^II chanl;es made by the board in the assessment book.
(b) If a person fails to appear in person, by counsel, or by written communica-
tion before the (xruel after being duly notified of the board's intent to raise the assess-
ment of his property, ur if a person feeling aggrieved by an assessment or
classification fails to apply for a review of the assessment or classification, he may
nut appear before the county board of equalization for a review of his assessment or
classilication, except \vhen an assessment \vas made subsequent to the rneeting of the
buanl, as provicfcd ur urcti(in '173.01, or that he can establish that he did not receive
nuUce of his rnarkct value at least five days before the local board of review meeting.
"ihe board of review, and the board of equalization of any city, unless a longer
period is approved by the commissioner of revenue, shall complete its work and ad-
journ \virhui 20 days Irum the tune of convening specified in the notice of the clerk
an<I no actwn riken subsequent u) such date shall be valid. Alt complaints in refer-
enre ro any asse•ssnu•nt ur classification made after the meeting of such board, shall
bo heanl :uul dt•uv niLu•d by the county board of equalization. Any non-resident may,
at :ury lino,, bel,xe the ntecting; of the board ul review, file written objections to his as-
sessment ur cl:+ssilication with the county assessor and if any such objections are
filed lhcy shall Im presented to the board of review at its meeting by the county asses-
sor fnr Its consuleratiun.
Subd. 'l. "r +IC council ur other governing body of any city, including cities whose
charters provi ,r a board of equalization, nTay appoint a special board of review to
which it may , gate all of the p0\A'erS aged dUlll'S apL'Clfled in subdivision 1. The ape- ~~~
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V.Y..n
ASSESSh1ENTS; REVIEW. CORRECTION, EQUALIZATION 274.03 38:i
cial board of review shall serve at the direction and discretion of the appointing bode
subject to the restrictions imposed by law on the appointing body. The appointini
body shall determine the number of members to be appointed thereto, the compcnsa
lion and expenses to be paid, and the term of office of each member. At least on,
member of the special board of review shall be an appraiser, realtor or other persot
familiar with property valuations in the assessment district.
(RLs847; 1941c402s1; 19-15c402s1; 1919c5d3s1;Ex1967c32ari8s3
1971 c434s3; 1971 c564s6; 1973c /23art5s 7; 1973c 150s 1; 1973c582s3
1975 c 339 s 5; 1977 c 434 s 11) (203.1) '
274.013 [Repealed, 1976 c 44 s 70 j
274.02 [Repealed, 1949 c 543 s 2 )
274.03 NOTICE OF MEETING. The clerk shall give at least ten days' posted
notice of the tune and place of the meeting of the board of review; but the failure to
give such notice or hold such meeting shall not vitiate any assessment, except as to
the excess over the market value of the property.
[ RL s 8-19; 1941 c 902 s 2; 1975 c 339 s 8 j (2036)
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BOARD OF REVIEW - June 2, 1982
John Regnier 6609 Emerson Av S
Audrey Hanson 7228-30 Lyndale Av S
Dr. William E. Renneke 7533 Sheridan Av S
28-028-24 42 0051
33-028-24 14 0081
32-028-24 41 0050
Kf.rI;:11 Sr~Lf~S
Cwc~ Years
1st F'1. Sale Sale Amount %/ % per
Address Type Area _ Date Am~~unt Date Amount Increase ~~ Mo. Mo.
6924 Logan Av 1!4SB 810 5/79 $61,900 1/81 S75,000 $13,100 21/20 1.05
6835 i0th Av 1SB 864 12/78 51,700 1/81 68,250 16,750 33/25 1.32
6521 ISth Av 1SB 785 9/78 47,000 1/81 64,900 17,900 38/28 1.36
7537 Girard Av 1SB 674 7/79 34,500 1/81 46,500 12,000 35/18 1.94
6445 15th Av 1SB 768 7/79 58.500 1/81 67,900 9,400 16/18 .89
7225 Lyndale 1145B 875 4/79 58,500 2/81 73,000 14,500 25/22 1.13
632I Humboldt 1SB 556 2/79 39,000 2/81 53,000 14,000 3b/24 1.5
6829 Upton Av 1SB 956 4/79 55,900 2/81 66,000 10,100 18/22 .81
7236 3rd Av 12SB 606 4/79 50,900 3/81 61,500 10,b00 21/23 .91
6408 21stAv 1=4SB 576 3/79 40,000 3/81 51,500 11,500 29/24 1.2
F340 .lames ISB 1032 3/79 63,000 3/81 80,000 17,000 27/24 1.12
r~3cjti i4th Av 1SB 822 5/79 56,500 3/81 69,000 12,500 22/22 1.
b324 16th Av 114SB 828 1/79 48,200 3/81 61,500 '13,300 27/26 1.03
7339 Stevens Av 1~SB 840 3/79 58,800 4/81 70,000 11,200 19/25 .76
6513 14th Av ISB 1074 8/79 54,900 4/81 68,000 13,100 24/20 1.2
'' 2868 W. 72nd 114SB 783 8/79 58,500 4/81 75,000 16,500 28/20 1.4
6529 Logan Av 14SB 1280 3/79 75,000 4/81 86,500 11,500 15/25 .6
7514 5th Av 1=4SB 802 6/79 50,000 4/81 67,900 17,900 36/22 1.63
5328 22nd Av S.E. 1020 9/79 59,900 5/81 78,900 19,000 32/21 1.52
7215 Oliver Av 1%4SB 1154 7/79 67,000 5/81 81,000 14,000 21/22 .95
7020 Portland Av 1SB 1264 8/79 69,900 5/81 79,500 9,600 14/21 .66
6~ 4th Av l~SB 990 6/79 63,000 6/81 70,896 7,896 12/24 .5
6i vicollet Av 1SB 1156 9/79 63,000 6/81 69,900 6,900 11/21 .52
b420 18th Av 1SNB 1032 8/79 50,540 6/81 60,500 10,000 20/22 .91
7445 14th Av 1SB 1228 7/79 70,000 7/81 79,900 9,900 14/24 .58
b627 17th Av 14SB 768 3/79 55,000 7/81 74,900 19,900 36/28 1.28
;401 Portland Av 1SB 1000 3/79 65,900 7/81 89,900 24,000 36/28 1.28
6939 5th av 1SB 1131 1/79 58,900 8/81 82,706 23,806 40/32 1.25
7401 Vincent Av 1SB 816 4/79 58,000 8/81 75,500 17,500 30/28 1.07
6519 Lrving Av 1SB 988 10/79 64,200 8/81 72,300 8,100 13/22 .59
6624 Thomas Av 14SB 756 1/79 56,000 8/81 75,000 19,000 34/32 1.06
7336 Dupont Av 114SB 660 1/80 49,000 8/81 55,500 6,500 13/20 .65
7000 Clinton Av 114SB 816 5/79 56,900 8/81 75,900 19,000 33/27 1.22
6320 16th Av 1SB 804 3/79 40,000 9/81 54,300 14,300 36/30 1.2
7309 Newton Av ISB 1116 3/80 60,000 11/81 68,000 8,000 13/20 .65
,7400 Thomas Av 1SB 884 6/80 55,600 1/82 65,900 10,300 18/19 .94
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REPEAT SALES
One Year
1st Fl. Sale Sale Amt. % per
A ddress Type Area Date Amount Date Amount Increase %/~~ Mo. Month
20 ~homas Av iSNB 9I2 7/79 $53,500 11/80 $60,000 6500 12/16 .75
245 Oliver 1-'wS8 864 8/79 $62,000 11/80 $75,900 13900 22/15 1.47
'409 Vincent 1SB 816 1/80 $54,000 1/81 $59,900 $5900 11/12 .91
915 W. 76tH 1`4SB 962 9/79 53,600 1/81 63,750 10150 19/16 1.19
433 Washburn 1SB 738 1/80 53,000 2/81 59,500 6500 12/13 .92
909 4th Ave 1SB 936 1.0/79 61,500 2/81 74,000 12500 20/16 1.25
239 16th Ave 1SB 1276 6/80 72,900 3/81 80,000 7100 10/9 1.11
314 Russell Av 1SB 1062 4/80 73,000 4/81 79,900 6900 9/12 .75
812 Irving Av ISB 890 11/79 55,500 4/81 68,000 12500 22/17 1.29
415 Wentworth 1SB 1132 10/79 70,000 4/81 76,000 6000 9/18 .5
545 Park Av 1SB 1053 11/79 71,000 4/81 72,500 1500 2/17 .12
120 Lyndale 1SB 1300 6/80 t03.500 4/81 105,109 1609 15/10 .15
1316 21st Av 1SB 1014 9/80 65,500 5/81 68,900 3400 5/9 .55
-3f~ Bloomington ISB 592 1/80 46,000 5/81 57,500 11500 25/16 1.56
:5 (>akland 1SB 1172 6/80 69,900 5/81 74,300 4400 6/11 .54
333 11th Ave 11,,SB 802 2/81 61,250 6/81 66,000 4750 8/4 2.
X14 Vincent 1SB 1198 7/80 68,000 6/81 82,000 14000 20/11 1.81
301 Lyndale 14SB 873 3/80 59,500 7/81 62,100 2600 4/16 .25
626 Vincent 1SB 1132 6/80 65,000 7/81 73,000 8000 12/13 .92
19 E. 70th St. 1SB 528 8/80 36,300 7/81 43,500 7200 20/11 1.82
817 Upton Av 1SB 816 10/80 59,500 7/81 68,900 9400 16/10 1.6
332 Standish 1SE 810 8/80 66,500 8/81 71,500 5000 7/12 .58
128 15th Ave 1SB 1076 4/80 54,000 8/81 64,350 10350 19/16 1.19
33 E. 66th St 1S 1086 4/80 40,000 8/81 58,000 18000 45/16 2.81
'intent 1SB 816 1/81 59,000 9/81 67,500 8500 14/9 1.55
51 Logan Av 1%aSB 895 7/80 64,500 9/8I 76,900 12400 19/14 1.36
~21 Vincent 1SB 1122 9/80 64,000 1/82 72,000 8000 12/16 .75
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AVERAGE SELLING PRICE
1981 for 1982
1 Story with Bsmt.
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Ground Average Ground Average
Floor Average Price Floor Average Price
Area Price per S q.Ft. Area Price per Sq.Ft. _
500 (2) $45,100 $91 1100 (34) $72,800 $66
600 (5) 53,500 b9 1200 (20) 77,100 64
700 (20) 58,"200 83 1300 (10) 81,100 62
800 (28) 62,000 78 1400 (2) 78,800 56
900 (41) 66,600 74 1600 (2) 96,000 60
1000 (39) b8,70U 69
1'-4 Story with Bsmt.
500 (2) $52,700 105 1000 (13) $68,500 $69
600 1
( ) 50 000 83 1100 4
( ) 72 300
, 66
700 (9) 61,300 88 1200 (2) 76,500 64
800 (44) 66,900 84 1300 (3) 80,300 62
900 (24) 66,300 74
l~ Story with Bsmt.
• 600 (2) 58,300 97 900 (3) 75,800 84
700 (3) 58,500 84 1000 (3) 79,100 79
800 (6) 71,300 89 1100 (2) 69,200 63
Sp lit Level - Split Entry
ti00 (1) 71,500 89 1300 (1) 84,000 65
1000 (5) 80,600 81 1400 (3) 83,700 60
1100 (1) 85,400 77 1700 (1) 122,000 72
1200 (1) 94,000 78
1 Story - No Bsmt.
600 (2) 51,300 86 1100 (5) 64,200 58
800 (3) 59,400 74 1300 (1) 59,500 46
900 (4) 63,400 70 1500 (1) 63,500 42
1000 (3) 59,80G 60 1600 (2) 66,500 42
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