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HomeMy WebLinkAbout04-18-22 Bd of Equalization                              !"#$ %  &  '   &   %  ()#)*#*) *+,,  ( -.*"*-*+/+0$ ( *-0 % -#"##       1 1   2        '' %  %     ! %'  '1 1  %3  &     % ! %3           '      !     !" #$%$& ! ""     ' () "" *     + ,                       ! " #  $ %& '%( ))*+*,--.     )- )*- ) /-   -. /- 2022 Brooklyn Center Local Board of Appeal and Equalization Written Appeal of Value and Classification Recommendations Reconvene Meeting The following appeals were received at the Local Board of Appeal and Equalization meeting 04/04/2022o but prior to the Reconvene Meeting on 4/18/2022. Residential Appeals 1. Allan D Olson, 7124 Willow Lane N. 1980 2 Story Single Family Home. PID # 25-119-21-41-0026. 2022 Proposed EMV - $578,000. Assessor’s Recommendation - $507,000. The taxpayer made an appearance at the LBAE meeting on 04/04/2022. He stated his concerns regarding the value increasing from the year prior. I spoke with him the next day and reviewed his property characteristics. The percentage of basement finished space, room-count and bathroom ratings were wrong, along with the level of depreciation applied for this size of home. Adjustments were made and the owner now agrees with my recommendation. 2. Lawrence and Jacquelyn Lindquist, 6940 Willow Lane N. 1950 Rambler. PID # 25-119-21-44-0029. 2022 Proposed EMV - $501,000. Assessor’s Recommendation - $459,000. The owner called after the original meeting recessed on 04/05/2022 to discuss their valuation increase. I reviewed the property characteristics over the phone and learned there was a 3rd bathroom shown on the 2nd floor. There is no 2nd floor or 3rd bath. The percentage of basement finish was slightly high. In addition, there was not enough depreciation applied for this size of home. The owner agrees with the new proposed EMV. 3. Lawrence and Jacquelyn Lindquist, Outlot A, Larry Addition, Willow Lane N. Substandard Vacant Outlot for Access to River Island Home. PID # 25-119-21-44-0028. 2022 Proposed EMV - $54,000. Assessor’s Recommendation - $50,000. The same owners indicated on the previous appeal own a small substandard (not buildable) sized lot that is mainly used for access to a seasonal property on an island on the river. It was determined that the site adjustment for this substandard sized lot was large enough. The owners agree with this small reduction. 4. Alexander Kimball, 6519 Beard Ave N. 1950’s Rambler, recent purchase. PID # 34-119-21-13-0064. 2022 Proposed EMV - $261,000. Assessor’s Recommendation (No Change) $261,000. Owner called inside the 10-day window on the day of the 1st meeting but didn’t return my call until we recessed. The owner wanted us to explain why the property was valued above his purchase price. I explained the need for us to adjust the price to the effect date of our appraisal. The owner understands and agrees with the value. 5. Jeffrey T Basche, 7130 Willow Lane N. 1950’s Rambler. PID # 25-119-21-41-0006. 2022 Proposed EMV - $513,000. Assessor’s Recommendation - $462,000. Owner called and wanted a value review due to the large increase this year. We reviewed all the characteristics over the phone. I learned the basement quality rating was not correct and the overall updates were less extensive than we had thought therefore additional depreciation was needed. The recommendation is also based on similar sales in close in proximity. The owner concurs with the new recommended value. 6. Christopher and Lori Gordon, 5715 Major Ave N. 1950’s Rambler. PID # 03-118-21-23-0022. 2022 Proposed EMV - $322,000. Assessor’s Recommendation - $306,000. Owner called concerned about the increase in value. We reviewed all his property characteristics and I learned he removed all the basement finished space to accommodate a new heating system. The remaining characteristics were correct. The owner agrees with the new corrected value. 7. Louie Sinclair, 5000 63rd Ave N. 1950’s Rambler. PID # 33-119-21-41-0084. 2022 Proposed Value - $249,000. Assessor’s Recommendation - (No Change) $249,000. Owner called on Friday April 15th. He didn’t think his value increase was supported. We reviewed the characteristics of the property, and they were all correct. I then reviewed sales of similar properties in his immediate neighborhood. The owner didn’t realize what homes were selling for and agrees with the 2022 proposed valuation. 8. Chau Rashid, 7207 Dupont Ave N. 1960’s Rambler. PID # 25-119-21-32-0103. Proposed EMV - $234,000. Assessor’s Recommendation – (No Change) $234,000. This taxpayer sent an email to the city to appeal their valuation. I returned the call to both numbers provided in the email. I also researched comparable properties in Brooklyn Center and emailed 17 of them to review that support our value. Hamad returned my phone call this afternoon and reviewed the sales. He agrees with the value but is not happy with the possible tax implications. Commercial-Industrial Appeals 1. Empire Six LLC Et Al. – 6890 Shingle Creek Parkway, Industrial Cold Storage Facility, PID# 35-119-21-22- 0054 2022 Proposed EMV: $3,670,000. Assessor’s Recommendation – No Change. Ms. Sally Paul, a tax representative with Delta Property Tax, sent a letter to the city appealing the valuation of this property. The tax representative is appealing 27 Holiday properties throughout the county. We are requesting a vote of “no change” at this time to work on this appeal and reserve the appellant’s right to continue the appeal to the County Board. 2. BRE/ESA P Portfolio LLC – 2701 Freeway Boulevard, Hotel Extended Stay, PID# 35-119-21-23-0088 2022 Proposed EMV: $2,757,000 Assessor’s Recommendation – $2,584,000 Mr. Alex Reedy, a tax representative with Invoke Tax Partners, called on April 13th appealing the valuation of this property. Income and expense documentation was received and reviewed. The 2022 value increase was based upon an improving hotel market coming off of COVID. However, this property’s operations were worse by year end 2021 compared to year end 2020. The owner’s representative agrees with the proposed value.