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HomeMy WebLinkAbout06/06/1984CITY OF APPLE VALLEY Dakota County, Minnesota June 6, 1984 Minutes of the Board of Review meeting of the City of Apple Valley, Dakota County, Minnesota, held June 6th, 1984, at 7:00 o'clock p.m. at the City Hall. PRESENT: Mayor Branning; Councilmembers Holton, Humphrey and Savanick; Deputy Clerk Mueller. ABSENT: Councilmember Goodwin. Mayor Branning called the Board of Review meeting to order at 7:07 p.m. and noted receipt of the affidavit of publication of the meeting notice. Bill Peterson, of the Dakota County Assessor's Office, was present and explained the purpose of this annual meeting is to review estimated market values of property in the City, as determined by the Assessor, for 1984. This affects taxes payable in 1985. In general, property in Apple Valley received a I0 percent increase on land value over 1983. Mr. Peterson said they are currently doing a physical valuation of all property in the City for 1985 values which will affect taxes payable in 1986. Mr. Peterson then answered general questions from the public as follows: If an objection was not filed last year and an inequity is found, can an abatement of previous taxes be made? It depends on the situation; if it was a calculation error, probably yes. How are values determined--What are the parameters for valuations? The State has set different classifications of residential property. The assessors determine into which classification property falls and sets the market value. A manual has been prepared outlining factors such as age, size, features, quality of construction and sales of like property. This is being used for the current physical revalua- tions which should be completed in Apple Valley during the next two or three months. It was asked whether the public could see this manual and Mr. Peterson advised the Office at the Government Center should be contacted. Are factors concerning circumstances of a sale, such as financing and employment transfers, taken into consideration in comparing selling prices? If the informa- tion is available, it is. Generally the only information available is from the certificate of real estate sale filed with the County. The State is reviewing this certificate with the intent of obtaining more information from it. If a home sells for less than its estimated market value, why isn't the value changed? In some instances, it is. The estimated market values in Apple Valley are believed to be at approximately 80 percent of actual as a median figure; some are higher and some lower. In some cases, the selling price does not reflect the true value of the property as compared with like property. The property in the City has not been completely revalued for 10 years, but increased by various per- centages causing some of the differences. They plan to get down to a five-year cycle for revaluing all property in the County. Mr. Peterson, and other members of the Assessor's staff, then reviewed the indivi- dual property records with members of the public present. Following the review, Mr. Peterson reported there were some properties his office would be specifically reviewing in more detail. A list of the individuals in attendance as well as those to be reviewed was received by the Board. CITY OF APPLE VALLEY Dakota County, Minnesota June 6, 1984 Page 2 The Board also received a letter dated June 6, 1984, from Jerry T. Phillips concerning parcel number 01-27500-080-03 whom Mr. Peterson will be contacting. MOTION: of Humphrey, seconded by Savanick, to adjourn. Ayes - 4 - Nays - 0. The meeting was adjourned at 9:25 o'clock p.m.