040297 CC BR AgP
BOARD OF REVIEW
CITY OF SHOREWOOD
WEDNESDAY, APRIL 2, 1997
5755 COUNTRY CLUB ROAD
COUNCIL CHAMBERS
7:30 P.M.
AGENDA
1 . CONVENE BOARD OF REVIEW MEETING
A. Roll Call
Mayor Dahlberg _
Stover
McCarty _
O'Neill
Garfunkel
B. Review Agenda
2. PRESENTATION BY CITY ASSESSOR (Att.-#2 Assessor's Report)
3 . TESTIMONY BY RESIDENTS
4. COUNCIL DIRECTION TO ASSESSOR
5 . EST ABLISH DATE FOR BOARD TO RECONVENE
6 . ADJOURN
Kim A. Culp
6100 Apple Road
Shorewood, ML~ 55331
612-943-2300
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Iln APR 11997 lUll
./u u\
IBy I
March 28, 1997
Shorewood Board of Review
City of Shorewood
5755 Country Club Road
Shorewood, M:N 55331
Dear Board of Review:
I recently had a conversation regarding the valuation on my home in Shorewood with
Tom Heller,. City Assessor. I appreciated his sharing with me the comparables that he felt
were appropriate.
Having had the opportunity to reflect on the conversation and on the comparables that
were shared with me, I remain convinced that the value placed on my home is
inappropriate. I do not believe that there is any significant reason to change it from the
valuation of 1996 which was $706,700.
Please consider this letter my response to the review board which will be meeting April 2,
1997 at the City Hall. I wish to reserve my right of appeal to the Hennepin County Board
of Equalization.
Kim A. Culp
"
Stuart L./Gail M. Finney
19710 Chartwell Hill
Shorewood, MN 55331
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April 1, 1997
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: By
City of Shorewood
5755 Country Club Road
Shorewood, MN 55331
BY FAX TO: 474-0128
Re: Stuart L./Gail M. Finney
19710 Chartwell Hill
Shorewood, MN 55331
Property I.D. No. 36-117-23-13-0026
1997 Estimated Market Value
Dear Mayor and Council Members:
We are unable to appear on April 2, 1997 and are therefore writing
to appeal the 1997 market value of $328,000, which is an increase
of $10,000 over the 1996 valuation of $318,000.
The increase in value from 1995 to 1996 was from $315,000 to
$318,000, or $3,000, and we cannot understand a more than three
times increase in one year.
We have not made any improvements to the property. In fact, it is
now another year older and like most properties that are nine
years old, is requiring more maintenance just to maintain value.
The driveway needs to be repaired or replaced, the wood trim needs
to be painted, landscaping needs to be replaced, and
miscellaneous maintenance has to be performed on the interior of
the home. The foregoing is not meant to suggest that the home is
ramshackle or depreciating in value, but to point out that it is
difficult to reconcile a $10,000 value increase when there are no
major changes in the neighborhood or the economy which justify a
$10,000 valuation increase.
I respectfully request that the
that the 1997 estimated market
increase be reviewed and
$318,000.
"
Charles J. & Kathryn G. Fox
5660 Vine Hill Road
Shorewood, MN 5533 I
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i~l APR 11997 ~
\ By \
March 30, 1997
City Assessor
5755 Country Club Road
Shorewood, MN 5533 I
To Whom It May Cancem:
I wish to appeaL the proposed market vaLue increase of S2000 in 1997 for property
ID# 36-117-23 14 0059. I am aLso requesting that the market vaLue of the property be
decreased from the proposed Sl92,OOO to S186,000 which will bring it into parity with
other homes on Vine Hill Road.
During 1988 and 1989 RottLund Homes built three homes on Vine Hill Road that were based on the
same floor plan with some minor modifications. The addresses of those homes is 5620, 5640, and 5660
Vine Hill Road; the later of which I own. Today Shorewood has assessed these homes as follows:
ADDRESS
1997 PROPOSED INCREASE
1997 MARKET VALUE
5620
S 3,000
S 176,000
5640
S 1,000
S 186,000
5660
S 2,000
.$ 192,000
ClearLy, one can see that my property at 5660 is over valued in comparison to the others since the floor
pLan/square footage is roughly the same for ail the properties, and my lot was the smallest and least
expensive.
Therefore I am requesting that the estimated market vaLue for my home be reduced to .$ I 86,000
for 1997.
~
Charles J. Fox
Wk Ph# 591-2400
Hm Ph# 474-5082
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, Increase in home's market-Value
'.. ~,'i .~'. ' c' -~.'" _:. '"'.
, s~ouldrrt' drive up your tax bill
are addressing the same. issue in
. their 1997 sessions. So should the
The Minne~ota Legisiature is Minnesota Legislature! , ".
attempting to conceive and pass We, the Minnesota Seasonal
effective property tax reform leg- Recreational Property Owners
islation. While numerous propos- Coalition,Inc.,'are supporting leg-
als are being,'considered, most islation that will cap taxable mar-
center on removal of all or part of ket value on allresidential prop-
the K-12 grad~ school funding erty (home~t~ead.:;~easonal,~';~g
from the prop~rty tax and having "homestea~.:nonhomestead.aiid
it iransferredtQ the state or fund" :~!,iental}aUh~. axIDUaI. rateofiIifla- "
/ed by a local sales taL. ,><.. :'.:", ?,"tion(coIAIIloDlyreferredtoastlle '
;' ': In most cases the>resultwill be:::;coiisuri1ei'price~in4eioiQlP;!'c5$5
<l:su~stantial (~~mporary?)reduc~';;;..p~rceIl!;~~ch.evei is'l~ssc:~;,~i~
tion ill property'taxes for all class'-";i< i ~~c:wr!i!'}mp'~ove.mep.t~?~~d-
'; ~J)~ pr.opertY,..~~, hOIIJ.~s~~ead.. s~a::i'<liti()qsar~}l.;c!gqeg.froIP-~pi.$,Lc,,~p
. sonii! cabins. business, farms,etc..:;,ai1ci~cunew:inarketvalue/estab-
: .Taxpayers (~hould.: be :cau::~'trrshe(fwhen,the propertY1i;:~id
tioned.however, that one major .. (afterwhich.the CPLcap again
element is missing from all these" applies). After aII,jf thefe'deral
proposals, and"unless itis added" government can.:restricfSocial
tOal}y tax refoi!:nlegislation, we'll! Security, Medicare, . gov~~nt
be nght back where we are now ,employee wages and penslo~a:nd
~ ' .. '. -. .' . '- ~ "y","!{.Ij:'
(or worse) in five years: What's thousands of other paymentS'dto
the missing ingl:edientlA"rate of taxpayers to the CPI, why s~oti1d-
inflation" cap,or ceiling on tax- n't the taxable marketvalues;of
able market values for residential . residential real estate upon which
property ownerS. . ,,; '. . .~. '. local governments base their.tax
'. Under the ,~c:!ment Minnesota, .,...' collections : be ' based;~ ,.upi;inl
market valuet'~ystem,. . taxable ,,restricted by thesame ind~x?;"j,
market values can be:.driven up f;.To tax homes' on the basi~of
by "market forces~, .over: which ,unrestricted assessed market val"
homeowners haye.,absolutely nO"/ue has no relationship to theo:WT
controL .'~'!;:, .,'" ners~rrenters' ability to pay, and
If. for example;"SOmeonemoves ,"is ill fact forcingIIlanyhomeownf?
into your neighborhood and paYS.,:'ersto s~lland move out~,Restrict:-'
much more for a home or lot than<.ing' those,.tciiable. values:,' to the'.
it's .worth - or builds a much',' annuaLrate of inflationWilldo~a~.
, . . '.; _ ,'," ,,". '.,', ", ",.' i'.-....
more, luxurious home than the <much better jobof1inkiIjg those'
average in the neighborhood-:-'}. taxable values to ~abilitrtopaY:OJ,i':
the, foll()wing yecn:;your,taiable :" It will also bring more.IJressure..
marketvaliie'(~d ~twill goup~: <?n local governments tocbe more
significantly ''::'i:,yetiYou haven't .,.accountable and reduce spending .,'
done a thing~p increaseits.yalue.,by sprea<W1g the tax base niore
It' sth.esaineJ:~)ln~ if~ before,~;,; evenly across all property classes
but more' iniportantly~ no one hilS-,::' - and'eliminating "windfall"
given you more mom~ywitli wpicfi" revenue- increases resulting from
to pay the resulting increase in "market-driven" market value in-
yourpropertYt~est,;_.,. _ .... . 'creases.Jtwill not,howeyer..r.e-
The Minnesota Taxpayers As- strict local governments from In-
so dation has reported Minneso~a ,creasing levies (a la California) :!t
homeowners' maJor.. complaint, will simply make it more difficult: '
about the Minn~otci p'roperty'tax,: We urge all homeowners ~d.,
system is tax iIfcreases tied to renters to write and call yqfu:L
. rapidly, esc}liatirlg market values, ',. - state seriator. state representactt~?.,
This is the same-issuEl that playe~ ~,:and the governor. urging thenito ,;
a major role inprl.iperty tax ~;r;add the CPI cap legislation to~;
volts in Califorriia{19781, Massa:--:,' property tax: reform enacted. T~~;;
chusettS (1980)# Oregon (1996) .. bill numbers are Senate File Ncf:t
and' prompted::~.South Carolina . 1049 and House File No. 1239.*'ili.;!
(1995) and Utah (l995~96) to .~~~i;
make significant legislative - Richard G. Wray,~ of Mend.O,ttI:> .'..~
changes to preventrunup in is president or the;MinnesoUf..:;;
property tax bills due to rising Seasonal Recreational PropeT;f:Y:,;Fic
property values. The Montana Owners coali~nlnc.'Y~-:
and,Washington state legislatures
,-.",
By Rlch~d G. Wray
~3/27/1997 14:05
817-4290044
JERRY SIMMONS
PAGE 01
iKlRKWOOD AND DARBY, me
i PROPERTYTAXCONSULTANTS
i3000 E. BELKNAP. SUITE 400, Fr. WOR11I, TX761 I I
, PHONE: (817) 831-3594 FAX: (817) 429-0044
FAX MEMO
DATE:
March 27~ 1997
!
TO:
I
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Jerry sinUnons
I
Hennepin!County Assessor
FROM:
RE: Appeal o~Value
Dear Sir,
Please cou,der this as n'?ti:fication of appeal for property lD 33-117-23-14-0041 located at 24365
Smith Town Road. We pelieve.the property is worth $420,000 to the real estate, I have enclosed
a copy of tie lease agree;ment indicating a S3,500.00/mo. lease is in effect. We respectfully ask
that you further review this information and advise us as to your offer to reduce the value at your
earliest co emence. I
SENDING 1 PAGES (INcLUDING COVER. SHEEn. IF YOU DO NOT RECEIVE ALL PAGES OF THIS
TRANSMI AI.. PLEASE CONTACT DIANE GAUSE (817) 831-3594.
I
03/27/1997 14:05 817-4290044
JERRY SIMMONS
PAGE 02
DAtE '3.7.. 7-9 i
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FINA OIL AllD ClttMICAL COMPANY
HARXE!!NG DIVISION
RUt !StA'l'E
P.O.. :BOX 2159
DAI.LAS ~ 'l'X. 75221
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PHONE (214) 750-2910
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II ?ACZS. :~:CLT.:':i:lING T'dIS P":.GE.
BOARD OF REVIEW INFORMATION
Definitions and Explanations
Powers of the Local Board of Review: The board may only increase or decrease the market value and/or
change the classification of any properties on an individual basis. The board may also add any properties that
were omitted from the tax rolls. These changes can only be made for the January 2, 1997 assessment/1998 tax
year.
Limitations of the Local Board of Review: The board may make no aggregate changes to the entire
assessment and it is limited to indivdual changes not to exceed 1 % of the total market value of the city.
Market Value: The most probable price in terms of money which a property should bring in a competitive and
open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently,
knowledgeably and assuming the price is not affected by undue stimulus.
Classification: The use of a property as defined by Minnesota Law. The most common classifications are
apartment, double bungalow, triplex, commercial, farm, industrial, seasonal recreational, residential homestead,
and residential non-homestead.
Limited Value: A statutory value that is automatically calculated when the market value of a property is
increased over 10%. This value can increase either 10% each year or 1/3 of the difference between the current
and previous years' values if that difference is greater than 30%.
Qualifying Improvements: Used to describe the amount of an improvement under the "this old house" law.
This law allows homeowners of property at least 35 years old (and under $150,000 except in Excelsior,
Hopkins, and Minneapolis which have a $300,000 limit) at the time a permit is applied for to apply and have
certain improvements exempted from taxation for 10 years.
Taxable Market VaIue: This is the net value used for taxation. It is the market or limited value, whichever is
lower, minus the qualifying improvements. Remember, that not every property will have a limited value or a
qualifying amount.
MOST ASKED QUESTIONS
Why does my market value keep increasing each year? Because properties in your city are in demand in the
real estate marketplace. When values decline it is usually because that market has become undesirable.
What if! think another property is undervalued? You may request, in writing, that the local board of
review have the assessor review that property. The board is required to notify the property owner and then to
direct the assessor to review the property.
Isn't the assessor's value supposed to be lower than the actual value of a property? Minnesota State Law
states that all properties are required to be valued at Market Value. As a practical matter the Minnesota
Department of Revenue and the Hennepin County Assessor's Office require the median sale in a city to be at
93%; thus one half ofthe sales are above and the other half are below this point.
OVER
Why isn't my value set at 93% of marl{et value? The 93% median sales ratio is a check, done after the
assessment has been completed, to determine if the assessment was correctly done. Your property was valued
on the basis of its location, size, quality and amenities.
Why can't the assessor just raise the values of the properties that have sold and leave my value alone?
The law states that all properties, not properties that have recently sold, be valued at market value. In addition
the State of Minnesota and Hennepin County check the amount the local assessor increases the properties that
have sold, the amount of increase of a random sample of all properties of the same classification and the total
increase of each property type. If these figures do not correspond, the State or County will increase the entire
assessment of that property classification.
My house is worth much more than the average house in the area, but I don't get any more services than
the average homeowner does. Why? By law Minnesota has an Ad Valorem Real Estate Tax or a tax based
on the value of your house, but each property owner is entitled to "equal benefits" under Federal and State Law.
I'm on a fixed income and I am being taxed out of my house! What can I do? The only current relief is the
income adjusted homestead credit which targets seniors and low income homeowners and renters. Apply with
form MIPR directly to the State of Minnesota.
How can I change the way property taxes are determined? By contacting your State Senator and State
Representative. All real property tax laws are legislated by them.
When is it all going to end? It will change when and if the law changes. These changes have to be made at
the state level.
, .
Clerk's Notice to Post and Publish - HC 1163
ASSESSMENT NOTICE
, NOTICE IS HEREBY GIVEN, That the Board of Review of the
City
of
~hnrPlA1r\il("\
In
Hennepin
County, Minn.,
will meet at-the-ofiice-ei-the Council ChambeCiel'k-; in saicl
at 7: 30 o"clock -L..-M., on
City
,
Wednesday
, the
Second
day of April
, 19-2L,
for the purpose of reviewing and correcting the assessment of saicl C i t Y
for the year 1994, All persons considering themselves aggrieved by said assessment or who
wish to complain that the property of another is assessed too low, are hereby notified to
appear at said meeting and show cause for having such assessment corrected.
No complaint that another person is assessed too low will be acted upon until the
person so assessed, or his agent, shall have been notified of such complaint.
Dated this
15 th day of March
, 19.2].
")
,,' ,/ /,:"',~:-;' I,//--/
, ' / ~~:'7"<.:
~"1 It tJ ,,( ~ 4..A:~~,~,/" ',,) lVcJ6
Deputy Clerk of the I'; r}7 of Shorewood
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Stuart L./Gail M. Finney
19710 Chartwell Hill
Shorewood. MN 55331
April 1. 1997
City of Shorewood
5755 Country Club Road
Shorewood. MN 55331
BY FAX TO: 474-0128
Re: Stuart L./Gail M. Finney
19710 Chartwell Hill
Shorewood. MN 55331
Property I.D. No. 36-117-23-13-0026
1997 Estimated Market Value
Dear Mayor and Council Members:
We are unable to appear on April 2. 1997 and are therefore writing
to appeal the 1997 market value of $328.000. which is an increase
of $10.000 over the 1996 valuation of $318.000.
The increase in value from 1995 to 1996 was from $315.000 to
$318.000. or $3.000. and we cannot understand a more than three
times increase in one year.
We have not made any improvements to the property. In fact. it is
now another year older and like most properties that are nine
years old. is requiring more maintenance just to maintain value.
The driveway needs to be repaired or replaced. the wood trim needs
to be painted. landscaping needs to be replaced. and
miscellaneous maintenance has to be performed on the interior of
the home. The foregoing is not meant to suggest that the home is
ramshackle or depreciating in value. but to point out that it is
difficult to reconcile a $10.000 value increase when there are no
major changes in the neighborhood or the economy which justify a
$10.000 valuation increase.
I respectfully request that the valu~~~on increase be reviewed and
that the 1997 estimated market:va1-~b~ se:t--a.~..__$318. 000.
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Charles J & Kathryn G. Fox
5660 Vine Hill Road
Shorewood, MN 55331
lij~~~~Vl~~\
\~ APR 11991 ~
\ By I
March 30, 1997
City Assessor
5755 Country Club Road
Shorewood, MN 55331
To Whom It May Concern:
I wish to appeal the proposed market value increase of $2000 in 1997 for property
ID# 36-117-23 14 0059. I am also requesting that the market value of the property be
decreased from the proposed $192,000 to $186,000 which will bring it into parity with
other homes on Vine Hill Road.
During 1988 and 1989 Rottlund Homes built three homes on Vine Hill Road that were based on the
same floor plan with some minor modifications. The addresses ofthose homes is 5620, 5640, and 5660
Vine Hill Road; the later of which I own. Today Shorewood has assessed these homes as follows:
ADDRESS
1997 PROPOSED INCREASE
1997 MARKET VALUE
5620
$ 3,000
$ 176,000
5640
$ 1,000
$ 186,000
5660
$ 2,000
$ 192,000
Clearly, one can see that my property at 5660 is over valued in comparison to the others since the floor
plan/square footage is roughly the same for all the properties, and my lot was the smallest and least
expensive.
Therefore I am requesting that the estimated market value for my home be reduced to $186,000
for 1997.
Wk Ph# 591-2400
Hm Ph# 474-5082
Increase in home's market value
shouldn't 'drive up your tax bill
By Richard G. Wray
The Minnesota Legislature is
attempting to conceive and pass
effective property tax reform leg-
islation. While numerous propos-
als are being considered, most
center on removal of all or part of
the K-12 grade school funding
from the property tax and having
it transferred to the state or fund-
ed by a local sales tax.
In most cases the result will be
a substantial (temporary?) reduc-
tion in property taxes for all class-
es of property - homestead, sea-
sonal cabins, business, farms, etc.
Taxpayers should be cau-
tioned, however, that one major
element is missing from all these
proposals, and unless it is added
to any tax reform legislation, we'll
be right back where we are now
(or worse) in five years. What's
the missing ingredient? A "rate of
inflation" cap or ceiling on tax-
able market values for residential
property owners.
Under the current Minnesota
market value system, taxable
market values can be driven up
by "market forces" over which
homeowners have absolutely no
control.
If, for example, someone moves
into your neighborhood and pays
much more for a home or lot than
it's worth - or builds a much
more luxurious home than the
average in the neighborhood -
the following year your taxable
market value (and taxes) will go up
significantly - yet you haven't
done a thing to increase its value.
It's the same home it was before,
but more importantly, no one has
given you more money with which
to pay the resulting increase in
your property taxes!
The Minnesota Taxpayers As-
sociation has reported Minnesota
homeowners' major complaint
about the Minnesota property tax
system is tax increases tied to
rapidly escalating market values.
This is the same issue that played
a major role in property tax re-
volts in California (1978), Massa-
chusetts (1980), Oregon (1996)
and prompt~d South Carolina
(1995) and Utah (1995-96) to
make significant legislative
changes to prevent run up in
property tax bills due to rising
property values. The Montana
and Washington state legislatures
are addressing the same issue in
their 1997 sessions. So should the
Minnesota Legislature!
We, the Minnesota Seasonal
Recreational Property Owners
Coalition, Inc., are supporting leg-
islation that will cap taxable mar-
ket value on all residential prop-
erty (homestead, seasonal, ag
homestead, nonhomestead and
rental) at the annual rate of infla-
tion (commonly referred to as the
consumer price index or CPI), or 5
percent, whichever is less.
Structural improvements/ ad-
ditions are excluded from the cap
and a new market value estab-
lished when the property is sold
(after which the CPI cap again
applies). After all, if the federal
government can restrict Social
Security, Medicare, government
employee wages and pensions and
thousands of other payments to
taxpayers to the CPI, why should-
n't the taxable market values of
residential real estate upon which
local governments base their tax
collections be based upon/
restricted by the same index?
To tax homes on the basis of
unrestricted assessed market val-
ue has no relationship to the ow-
ners' /renters' ability to pay, and
is in fact forcing many homeown-
ers to sell and move out. Restrict-
ing those taxable values to the
annual rate of inflation will do a
much better job of linking those
taxable values to "ability to pay."
It will also bring more pressure
on local governments to be more
accountable and reduce spending
by spreading the tax base more
evenly across all property classes
- and eliminating "windfall"
revenue increases resulting from
"market-driven" market value in-
creases. It will not, however, re-
strict local governments from in-
creasing levies (a la California). It
will simply make it more difficult.
We urge all homeowners and
renters to write and call your
state senator, state representative
and the governor, urging them to
add the cpr cap legislation to any
property tax reform enacted. The
bill numbers are Senate File No.
1049 and House File No. 1239.
- Richard G. Wray, of Mendota,
is president of the Minnesota
Seasonal Recreational Property
Owners Coalition Inc.
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Kim A. Culp
6100 Apple Road
Shorewood, MN 55331
612-943-2300
March 28, 1997
Shorewood Board of Review
City of Shorewood
5755 Country Club Road
Shorewood, MN 55331
Dear Board of Review:
I recently had a conversation regarding the valuation on my home in Shorewood with
Tom Heller, City Assessor. I appreciated his sharing with me the comparables that he felt
were appropriate.
Having had the opportunity to reflect on the conversation and on the comparables that
were shared with me, I remain convinced that the value placed on my home is
inappropriate. I do not believe that there is any significant reason to change it from the
valuation of 1996 which was $706,700.
Please consider this letter my response to the review board which will be meeting April 2,
1997 at the City Hall. I wish to reserve my right of appeal to the Hennepin County Board
of Equalization.
V71Y yours,
/,A/ <; / J- '., ,/.
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Kim A. Culp
<~ CENTURY BANK
11455 Viking Drive
Eden Prairie. Minnesota 55344-7247
Shorewood Board of Review
City of Shorewood
5755 Country Club Road
Shorewood, MN 55331
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817-4290044
JERRY SIMMONS
PAGE 01
iKIRKWOOD AND DARBY, INC
i PROPERTY TAX CONSULTANrS
13000 E. BELKNAP, SUITE 400, FT. WORTH, TX 761] ]
~ PHONE: (817) 831-3594 FAX; (817) 429-0044
FAX MEMO
DATE:
March 2711997
I
I
TO:
Hennepin!County Assessor
i
i
Jerry Sin$ons
I
FROM:
RE;
Appeal oiValue
i
Dear Sir,
Please COD 'der this as n~tification of appeal for property ID 33-117-23-14-0041 located at 24365
Smith Tow Road. We pelievethe property is worth $420,000 to the real estate, I have enclosed
a copy of e lease a~ent indicating a $3,500,OOJmo. lease is in effect. We respectfully ask
that you further review this information and advise us as to your offer to reduce the value at your
eaFliest co emence.
SENDING 1 PAGES (INCLUDING COVER SHEET). IF YOU DO NOT RECEIVE AlL PAGES OF TIllS
TRANSMI AL l'LEASEfONTACT DIANE GAUSE (817) 831-3594.
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TO: Shorewood Mayor and City Council Members
Jim Hurm, Shorewood City Administrator
FROM: Rolf Erickson, City Assessor, 473-1844
DATE: March 24,1997
RE: Local Board of Review for January 2, 1997 Assessment
The sales used for the January 2, 1997 Assessment (taxes payable in 1998) occurred between October 1, 1995
and September 30, 1996. Values for these properties that were established for the previous assessment (1-2-96)
were compared with the purchase prices to determine what changes were needed to more accurately reflect
market value.
Properties indicated on the enclosed map in the yellow area were physically inspected for the January 2, 1997
assessment. All properties in the city are recalculated every year.
AGGREGATE PROPERTY TYPE GROWTH (Total market value growth of each property type)
L ake shore 6.6%
Off Lake Residential 4.0%
Town houses 0.0%
Commercial/Industrial 5.2 %
Apartment 5.0%
Individual property increases varied from 0% to over 20% in extreme cases.
The Local Board of Review can address only questions of "Estimated Market Value" and "Classification" (see
definitions below) for the January 2, 1996 Assessment (taxes payable in 1997). The Board can make reductions
in value not exceed one percent of the current total market value ofthe City. There is no limit to the change
allowed of individual properties.
Market Value: The most probable price in terms of money which a property should bring in a competitive and
open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently,
knowledgeably and assuming the price in not affected by undue stimulus.
Classification: The use of a property as defined by state law. The most common classifications apartment,
double bungalow, triplex, commercial, farm, residential homestead and residential non-homestead.
We have enclosed a book of the sales considered for the current assessment as a reference for you to use at the
Board of Review. PLEASE BRING THIS BOOK TO THE BOARD OF REVIEW!
A copy of the local board review section from the Minnesota Property Tax Administrators Manual is included
for your information. If you have any questions, please call me. I will also be at City Hall one hour before the
board of review to answer any questions that you may have.
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MAP OF
SHOREWOOD
}lENNEPIN COUNTY
POP. j-J / ~
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DATE: 09/95
SECTION:4120
PAGE: 1
LOCAL BOARD OF REVIEW - DUTIES
The town board of each town, the council or other governing body of each city, is the
board of review except in cities whose charters provide for a board of equalization. The
county assessor shall fix a day and time when the board or the board of equalization shall
meet in the assessment districts of the county. On or before February 15 of each year the
assessor shall give written notice of the time to the city or town clerk. Notwithstanding
the provisions of any charter to the contrary, the meetings must be held between April 1
and May 31 each year. The clerk shall give published and posted notice of the meeting at
least ten days before the date of the meeting. The board shall meet at the office of the
clerk to review the assessment and classification of property in the town or city. No
changes in valuation or classification which are intended to correct errors in judgment by
the county assessor may be made by the county assessor after the board of review or the
county board of equalization has adjourned; however, corrections of errors that are merely
clerical in nature or changes that extend homestead treatment to property are permitted
after adjournment until the tax extension date for that assessment year. The changes must
be fully documented and maintained in the assessor's office and must be available for
review by any person. A copy of the changes made during this period must be sent to the
county board no later than December 31 of the assessment year.
The board shall determine whether the taxable property in the town or city has been
properly placed on the list and properly valued by the assessor. If real ,or personal
property has been omitted, the board shall place it on 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, is entered on the assessment list at its market value. No
assessment of the property of any person may be raised unless the person has been duly
notified of the intent of the board to do so. On application of any person feeling
aggrieved, the board shall review the assessment or classification, or both, and correct it as
appears just.
A local board of review may reduce assessments upon petition of the taxpayer but the
total reductions must not reduce the aggregate assessment made by the county assessor by
more than one percent. If the total reductions would lower the aggregate assessments
, made by the county assessor by more than one percent, none of the adjustments may be
made. The assessor shall correct any clerical errors or double assessments discovered by
the board of review without regard to the one percent limitation.
'~
DATE: 09/95
SECTION:4120
PAGE: 2
A majority of the members may act at the meeting, and adjourn from day to day until they
finish hearing the cases presented. The asse~sor shall attend, with the assessment books
and papers, and take part in the proceedings, but must not vote. The county assessor shall
attend the meetings. The board shall list separately, on a form appended to the assessment
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 or changed
by the board, placed opposite the item. The county assessor shall enter all changes made
by the board in the assessment book.
If a person fails to appear in person, by counsel, or by written communication before the
board after being duly notified of the board's intent to raise the assessment of the property,
or if a person feeling aggrieved by an assessment or classification fails to apply for a
review of the assessment or classification, the person may not appear before the county
board of equalization for a review of the assessment or classification. This paragraph does
not apply if an assessment was made after the board meeting, as provided in Section
273.01, or lfthe person can establish not having received notice of market value at least
five days before the local board of review meeting.
The board of review or the board of equalization must complete its work and adjourn
within 20 days from the time of convening stated in the notice of the clerk, unless a longer
period is approved by the Commissioner of Revenue. No action taken after that date is
valid. All complaints about an assessment or classification, made after the meeting of the
hoard must be heard and determined by the county board of equalization. A nonresident
may, at any time, before the meeting of the board of review file written objections to an
assessment or classification with the county assessor. The objections must be presented to
the board of review at its meeting by the county assessor for its consideration. (M.S.
274.01)
'---..
DATE: 7/86
SECTION: 4121
PAGE: 1
~
SPECIAL BOARD OF REVIEW
The council or other governing body of any city, including cities whose charters
provide for a board of equalization, may appoint a special board of review to which it
may delegate all of the powers and duties of the board of review or board of equali-
zation. The special board of review shall serve at the direction and discretion of the
appointing body, subject to the restrictions imposed by law on the appointing body.
The appointing body shall determine the number of members to be appointed thereto,
the compensation and expenses to be paid, and the term of office of each member.
At least one member of the special board of review shall be an appraiser, realtor or
oth~r person familiar with property valuations in the assessment district. (M.S. 274.01)
DATE: 8/88
SECTION: 4122
PAGE: 1
LIMITATIONS
A local board of review may reduce assessments upon petition of the taxpayer but the
total adjustments must not reduce the aggregate assessment made by the county
assessor by more than one percent. If the total adjust ments would lower the t
b more than one percen , none
aggregate assessments made by the county assessor y
of the adjustments may be mad~. The assessor shall correct any clerical errors or .
double assessments discovered by the board of review without affecting the one
percent referred to above. (M.S. 274.01)
7
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19730 Sweetwater Curve
1993 $403,000
1994 $408,000
1995 $434,700 (
1996 $443,000 A<'
1997 $471,000 k
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Address LP SP ~'/B" FSF Lake Months
19730 SWC $439,000 $420,000 4/3 3730 y 5(8/93)
19645 SWC $419,900 $412,000 5/4 3950 N 1(10/96)
19600 SWC $459,900 $430,000 5/4 4170 y 2(8/96)
19635 SLT $524,900 $450,000 4/3 3324 N 8(2-97)
6160 SC $499,900 $465,000 4/4 4395 N 3(1-97)
6110 SWCR $485,000 $475,000 4/4 3543 N 3(3/96)
19840 SWC $735,000 $705,000 5/3 5810 y 9(9/96)
6200 SC $864,000 $845,000 5/7 7052 N 4 (1/96)
6145 SC $410,000 5/4 4200 N 11
19710 SWC $415,000 4/3 3196 y 6
19825 SWC $524,900 5/4 4748 N 7
19675 SLT $559,900 5/4 4552 N 5
Code
SWC Sweetwater Curve
SC Sierra Circle
SLT Silver Lake Trail
SWCR Sweetwater Circle
07/1<l5/95
16: 50
474 0128
2i: 612
SHOREWOOD
CITY -
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