HomeMy WebLinkAbout2003 05-05 CCP Board of Appeal & Equalization Form No. A.F. 4 - Notice to Clerk of Meeting of Board of Review -' Equalization
OFFICE OF COUNTY ASSESSOR
TO THE CLERK OF THE Ci ty OF Brooklyn Center
HENNEPIN COUNTY, MINNESOTA
NOTICE IS HEREBY GIVEN, That the Fifth day of May
at Seven o'clock P • M., has been fixed as the date for the meeting of the Local Board of
Appeal and Equalization in your Ci tY for said year. This meeting should be held in your office as provided by law.
Pursuant to the provisions of the Minnesota Statutes Section 274.03, you are required to give notice of said
meeting by publication and posting, not later than ten days prior to the date of said meeting.
Given under my hand this Sixth day of February 20 03
C :)A0?77L1,0 O Q
County Assessor
Hennepin County, Minnesota
HC200 (1/02)
Hennepin County Memo
To: Sharon Knutson, Brooklyn Center Clerk
From: Thomas May, Hennepin County Assessor
Date: December 10, 2002
Re: 2003 Local Board of Appeal and Equalization Dates
Mondav Mav 5, 2003
Day of the Week Date
Minnesota Law requires that I, as County Assessor, set the date for your Local Board of Appeal
and Equalization Meeting. After reviewing previous meeting days and your suggestions of last
year, the above date was selected. I sincerely hope that it is agreeable with your council.
As there must be a quorum, I would suggest that an informal review of your members with a
request that they mark their calendars would be appropriate. I have attached a summary of the
duties and responsibilities of the Local Board of Appeal and Equalization. If your board has
additional questions or need more information, please contact your local assessor.
Please confirm the date set out or call Bill Effertz at (612) 348 -3388 with your alternative date
by January 10, so that our printing order can be completed on time. We suggest starting times of
6:30, 7:00 or 7:30 p.m., but will discuss alternatives with you if you wish a different time.
Your early completion and return of the attached tear off strip will be appreciated and we will
send your official notice for posting as required by law.
Please return to JoDee Schinkel, A -2103 Government Center, Minneapolis, MN 55487
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(Q�
CONFIRMATION
Municipality: 6 rc)O W y n G rab- r
Date: �pI�1�Gl� 1 I �1(� 5 rQD03
Time: • DO P .
Place: C� -�'� Ood t l Dun r-, l C h am ber s
For selecting meeting dates in future years, the following information will be helpful
2003 Brooklyn Center Board of Appeal and Equalization
Meeting Agenda:
1. Meeting called to order, roll call. (7:OOpm)
2. The statement of the purpose of the Local Board of Appeal and Equalization and
a review of the board's duties.
3. The Assessor's Report.
4. Appearances by taxpayers with appointments.
5. Appearances by taxpayers without an appointment
6. Consideration of written appeals.
25- 119 -21 -33 -0077
Mr. Larry Cuskey
7024 Humboldt Ave N.
10- 118 -21 -12 -0057
Mr. George Van Vliet
Twin Lake Manor Apartments
3413 53 Avenue N
02- 118 -21 -12 -0010
Mr. Timothy Doody, Attorney
Former K -Mart Building
5930 Earle Brown Drive
03- 118 -21 -42 -0030
Mr. Eugene R. Wright
Office Building
5615 Brooklyn Boulevard
7. Adjourn.
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Review
Of
7024 Humbolddt Avenue North
Brooklyn Center, MN
PID # 25- 119 -21 -33 -0077
Larry A. Cuskey
2003 Local Board of Appeal and Equalization
City of Brooklyn Center
A Millennium Community
May 5, 2003
Mr. Larry Cuskey
7024 Humboldt Ave N.
Brooklyn Center, MN 55430
RE: 2003 Valuation, 7024 Humbuldt Ave N., PID# 25- 119 -21 -33 -0077
Dear Mr. Cuskey:
In reviewing your home it is my recommendation that the current estimated market value
of $156,600 and your taxable market value of $127,700 be sustained. We have taken
into consideration the current real estate market as well as the style, square footage, age
and location of your home when determining this estimated market value.
I have included a list of comparable properties that have sold during 2002, located on
through streets along with a comparable sales summary grid of comparable rambler
homes.
Your petition rights are still open with the Local Board of Appeal and Equalization. If you
would like to present your position to the board please feel free to attend the meeting
Monday, May 5 at 7:00 pm or if you are unavailable please notify the Assessor in writing
to have your case proceed to the County Board of Appeal and Equalization.
If you have any further questions please contact our office at 763 - 569 -3310 for further
assistance.
Sincerely,
Nancy W ik
City Assessor
6301 Shingle Creek Parkway Recreation and Community Center Phone & TDD Number
Brooklyn Center, MN 55430 -2199 (763) 569 -3400
City Hall & TDD Number (763) 569 -3300 FAX (763) 569 -3434
FAX (763) 569 -3494
www.cityofbrooklyncenter.org
Review
Of
7024 Humbolddt Avenue North
Brooklyn Center, MN
PID # 25- 119 -21 -33 -0077
Larry A. Cuskey
w
Style: Rambler
Main Level(s) Room Count: 5/3/1
Below Grade Room Count: 2 / 1 /
Garage: 1 Car, Attached
Fireplaces: None
Air Conditioning: CAC
Porches / Decks / Misc.: None
PROPERTY DATA SYSTEM
TAXPAYER INQUIRY CURR 319
PROPERTY ID NEXT _
25- 119 -21 -33 -0077
Pt.Con: Mt.Adr:
HOUSE# FRACTION STREET NAME UNIT ZIP +4 Front: 75 Back: 75
7024 1/_ HUMBOLDT AVE N 55430+ Right: 137 Left: 137
Owners: CUSKEY LARRY A Owner3:
Owner2: CUSKEY SHARON M Owner4:
Zoning: R1 Prim /sec: Yr.blt: 1969 Area: 10284 Acres: .00
Sch.Dst: 11 Wshd: 00 Gr /Os /Ex: Subrecs: 01 Width: Depth:
Mkt -Land Mkt -Bldg Mkt -Mach Mkt -Tot Tx Capacity Hd PT %Own
2003: 31000 125600 156600 1277 H R 100
2002: 27200 113300 140500 1141 H R 100
2001: 26700 97900 124600 1037 H R 100
Legal Description: LOT 9 BLOCK 2
NORTHLAND ESTATES 4TH
Type PID or AD DRESS: press ENTER: a r F1. F2. F8
PROPERTY DATA SYSTEM
LIMITED MARKET VALUE INQUIRY CURR 318
NEXT _
PID 25- 119 -21 -33 -0077 ASSESSMENT YEAR 2003 SUB -REC 01
HOUSE# 7024 F/A 1/_ STREET HUMBOLDT AVE N UNIT
CALCULATE LMV (Y /N) PROPERTY TYPE R HMSTD CODE H
PART CONST GR /OS /EX REL HMSTD IND
CONTIG IND
MARKET LAND VALUE 31000
MARKET BUILDING VALUE 125600
MACHINERY VALUE
TOTAL MARKET VALUE 156600
IMPROVEMENT AMOUNT
LIMITED MARKET VALUE 127700
QUALIFYING IMPROVEMENT AMOUNT -
MARKET VALUE SUBJECT TO TAXATION 127700
TAXABLE MARKET VALUE TAX CAPACITY 1277
Make chanaes; press ENTER' or Fi FQ F4 F5. F8
PROPERTY DATA SYSTEM
COMPUTER AIDED APPRAISAL INQUIRY 05/04/03 CURR 436
_
PROPERTY ID: 25- 119 -21 -33 -0077 YEAR: 2003 1 NEXT
ADDRESS 7024 HUMBOLDT AVE N CLASS: B07 DT: SF
STYLE ONE LEVEL MANUAL: NO
GBA 1156 (SQ.FT.) AGE: 21 YRS ZONED: R1
BASIC RATE $ 95.28
ADJ. RATE $ 95.28 -> EXT. WALL: 9 6 ( +) SHAPE: 96 ( +)
ADJ.RATE *GBA: $ 110143 -> ADD BSMT $ 10080 = 1008 SgFt @ $10.00 Rate
->
ADJUSTED TOT: $ 120223 DED UNF.GBA: $ = SgFt @ $40.00 Rate
ADDITIVE AMT: $ 17282 -> GARAGE : 6412 DORMERS: PAT.DOORS:
-> WALKOUT: AIRCOND: 1387 DECKS
-> PATIOS : 180 PORCHES: POOLS
-> BATHS : 2600 FIREPLC: FIN.BSMT.: 6703
TOTAL COST : $ 137505
ADJUSTMENTS : 91.0% -> DEPRECIATION: 95.0% INFLUENCES: -4%
-> FUNCTIONAL ECONOMIC
BLDG VALUE : $ 125100 BLDG MARKET VALUE : $ 125600
FLAT CHGS : $ 500 LAND MARKET VALUE : $ 31000
TOTAL MARKET VALUE: $ 156600
Tvoe PID. Press FNTFR: or F1. F.2. FR
Sales Comparable Adjustment Analysis
Subject Property Comparable One Comparable Two Comparable Three Comparable Four Comparable Five Comparable Six
7106 Humboldt Ave N., 7006 Humboldt Ave N., 7037 Emerson Ave N., 7237 Bryant Ave N., 6812 Address 7100 Humboldt Ave N., ry Dupont Ave N., p
7024 Humboldt Ave N. Brooklyn Center Brooklyn Center Brooklyn Center Brooklyn Center Brooklyn Center Brooklyn Center
PID 25- 119 -21-33 -0077 25- 119 -21-32 -0064 25- 119 -21-32 -0063 25419 -21-33 -0080 25- 119 -21-33 -0027 25- 119 -21-31 -0046 36- 119 -21.21 -0062
Sale Price $190,000 $179,900 $154,000 $176,000 $174,500 $168,000
Sale Date September, 2002 September, 2002 Octobe 2002 Novemb °r, 2002 August, 2002 January, 2002
Adjustments Description Adjustment $ Description Adjustment $ Description Adjustment $ Description Adjustment $ Description Adjustment $ Description Adjustment $
Financing Typical $0 Typical $0 Typical $0 Typical $0 Typical $0 Typical $0
Time Adjustme Inferior, 4 months $6,300 Inferior, 4 months $6,000 Inferior, 3 months $3,800 Inferior, 2 months $2,900 Inferior, 5 months $7,200 Inferior, 12 months $16,800
Location I Site Good Similar $0 Similar $0 Similar $0 Similar $0 Similar $0 Similar $0
Site Size I View 10,2841 Thru St 10,275 - Thru St $0 10,285 -Thru St $0 10,283 - Thru St $0 10,016 - Superior ($6,000) 9,525 - Superior ($6,000) 9,880 - Superior ($6
Style Rambler Rambler $0 Rambler $0 Rambler Rambler Rambler Rambler
- Year Built I Effective A ge 1969/1982 1968/1978 $0 1969/1979 $0 1969/1979 $0 1963/1977 $0 1964/1974 $0 1968/1975 $0
Condition Good Similar $0 Similar $0 Similar $0 Similar $0 Similar $0 Similar $0
GSA (sq. ft.) 1,156 1,200 $0 1,036 $0 $1,200 $0 1,156 $0 1,156 $0 1,160 $0
Room Count Above Grade
TotaUBdrm uSa th 3 Bdrms / 1 Bath 6/3/1 $0 5/3/1 $0 513/1 $0 5/3/1 $0 513/1 $0 5/3/1 $0
1200/95% 1036/90% 960/50% 1156195% 1156/75% 1160/50% 1
Bsmt Area & Finish 1156170YJ 1 Bdrm -2 Other 1 - FIR, 1 Other $0 1 Family Room $0 1 FR, 1 Other $0 1 FR, 1 Bdrm $0 1 Family Rm $0 FR, 1 Bdrm $0
TF Rms I BdrmalBaths 71412 8/3/2 $0 6/3/1 $1,500 7/3/2 $0 7/4/2 $0 7/3/2 $0 7/4/2 $0
Heat I Air Conditioning Gas Forced Air I CAC GFA / CAC $0 GFA / CAC $0 GFA / CAC $0 GFA / CAC $0 GFA / CAC $0 GFA / CAC $0
Garage 1 Car, Attached 2 Car, Att ($5,000) 2 Car, Aft ($5,000) 2 Car, Aft ($5,000) 2 Car, Att ($5,000) 2 Car, Aft ($5,000) 2 Car, Det. ($5,000)
Fireplace(s) None Similar $0 Similar $0 One ($2,000) One ($2,000) Similar $0 Two ($4,000)
Porch I Deck / Patio None Similar $0 Similar $0 Breezeway ($2,500) Similar $0 Deck ($1,200) Deck ($1,200)
Interior Updates Interior Updates
New Roof, New Roof, GFA &
Remodeling Exterior Updates Skylight, Patio Dr ($18,000) CAC ($15,000) Similar Similar $0 Similar $0 Similar $0
Other None Similar $0 Similar $0 Similar $0 Similar $0 2nd Det Gar ($5,000) Similar $0
Total Adjustments ($16,700) ($12,500) ($5,700) ($10,100) ($10,000) $600
Indicated Value $173,300 $167,400 $148 300 $166,900 $164,500 $
768 600
Valuation Reconciliation $165,000
Comments: in reviewing the sales of residential properties located on busy streets in Brooklyn Center, we are able to find three comparables close to the subject property on through streets. In
addition, I have included three other rambler sales representative of the current market. These comparable properties are similar in style, age and size to the subject property. The sales
comparison approach was used in the above market analysis. It is our recommendation that Mr. Cuskey's estimated market value should be sustained at $156,600. Mr. Cuskey's taxable
market value will remain at $127,700.
COMPARABLE SALES
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COMPARABLE ADDRESS SALE DATE SALE PRICE I —
1 7100 Humboldt Ave N Sept. 2002 $190,000 - I —
2 7106 Humboldt Ave N Sept. 2002 $179,900 I I
3 7006 Humboldt Ave N Oct. 2002 $154,000 :
4 7037 Emerson Ave N Nov. 2002 $176,000
5 7237 Bryant Ave N Aug. 2002 $174,500
6 6812 Dupont Ave N Jan. 2002 $168,000
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TIME ADJUSTMENT ANALYSIS - MULTIPLE SALES RECONCILIATION
Original Sale Date Resale Date
Sale # Address and Price and Price $ Difference Months Elapsed % Change % Annual Change
5343 Colfax Ave N.,
Brooklyn Center June, 2002 February, 2003
1 Split Entry $183,400 $188,000 $4,600 8 2.51% 3.77%
5737 Irving Ave N.,
Brooklyn Center March, 2002 January, 2003
2 Rambler $129,450 $142,000 $12,550 10 9.69% 11.63%
5200 Ewing Ave N.,
Brooklyn Center August, 2002 March, 2003
3 Rambler $150,200 $163,000 $12,800 7 8.52% 14.61%
2712 Mumford Rd.,
Brooklyn Center June, 2002 April, 2003
4 Rambler $159,900 $171,150 $11,250 10 7.04°x6 8.46%
Average Months 9
Mean Percent Change 6.94%
Mean Percent Change Annually 9.62%
Mean Percent Change Monthly 0.80%
Reconciliation of Time Adjustment Percent Annually 10%
Reconciliation of Time Adjustment Percent Monthly 0.83%
i
REPORT: SRATIO2 -01 REAL ESTATE SALES AND MARKET VALUE INFORMATION DATE OF REPORT: 04/25/03
VALUATION YEAR: 2003 CITY OF BROOKLYN CENTER PAGE: 1
SALES DATA PERIOD: 01/02 -09/02 2003 ASMT RAMBLERS ON THRU ST
PROPERTY I.D. MKT PURCH SALES RATIO DEV. FROM STD.DEV. SALE
DIST /NBRHD ADDRESS VALUE PRICE RATIO RANK MEDIAN MEAN FROM MEAN DATE
01- 118 -21 24 0032 15 54 5856 DUPONT AVE N 134400 170000 79.1 1 12.0- 13.2- 1.71- 05/2002
36- 119 -21 33 0021 15 54 6119 DUPONT AVE N 128700 162500 79.2 2 11.9- 13.1- 1.70- 07/2002
01- 118 -21 32 0001 15 54 5651 DUPONT AVE N 119800 148000 80.9 3 10.2- 11.4- 1.48- 08/2002'
34- 119 -21 31 0022 14 53 6300 GRIMES AVE N 139400 169500 82.2 4 8.9- 10.1- 1.31- 09/2002
36- 119 -21 33 0022 15 54 6113 DUPONT AVE N 131400 155800 84.3 5 6.8- 8.0- 1.03- 01/2002
27- 119 -21 31 0056 14 51 7101 FRANCE AVE N 132300 155000 85.4 6 5.7- 6.9- .89- 09/2002
01- 118 -21 23 0026 15 54 1108 57TH AVE N 135300 156900 86.2 7 4.9- 6.1- .79- 04/2002
02- 118 -21 41 0037 15 54 5637 IRVING AVE N 130700 150000 87.1 8 4.0- 5.2- .67- 03/2002
02- 118 -21 41 0005 15 54 5621 HUMBOLDT AVE N 127700 143865 88.8 9 2.3- 3.5- .45- 05/2002
28- 119 -21 44 0014 14 51 4812 69TH AVE N' 153900 170000 90.5 10 .6- 1.8- .23- 09/2002
34- 119 -21 31 0021 14 53 6301 FRANCE AVE N 135600 149900 90.5 11 .6- 1.8- .23- 02/2002
25- 119 -21 32 0064 15 52 7100 HUMBOLDT AVE N 172600 190000 90.8 12 .3- 1.5- .19- 09/2002
27- 119 -21 34 0056 14 51 7007 FRANCE AVE N 155400 170900 90.9 13 .2- 1.4- .18- 08/2002
27- 119 -21 43 0057 14 51 7018 FRANCE AVE N 147200 162000 90.9 14 .2- 1.4- .18- 05/2002
25- 119 -21 32 0063 15 52 7106 HUMBOLDT AVE N 163700 179900 91.0 15 .1- 1.3- .16- 09/2002
25- 119 -21 32 0003 15 52 1211 73RD AVE N 120500 132000 91.3 16 .2 1.0- .12- 06/2002
03- 118 -21 11 0038 14 53 6013 XERXES AVE N 150900 164000 92.0 17 .9 .3- .03- 04/2002
10- 118 -21 12 0066 14 55 5212 FRANCE AVE N 144900 155900 92.9 18 1.8 .6 .07 04/2002
02- 118 -21 44 0077 15 54 5451 HUMBOLDT AVE N 153600 165000 93.1 19 2.0 .8 .10 07/2002
33- 119 -21 42 0120 14 53 5312 63RD AVE N 143800 154000 93.4 20 2.3 1.1 .14 02/2002
01- 118 -21 32 0070 15 54 5624 HUMBOLDT AVE N 168900 180000 93.8 21 2.7 1.5 .19 07/2002
01- 118 -21 31 0016 15 54 5650 DUPONT AVE N 138100 145000 95.2 22 4.1 2.9 .37 02/2002
03- 118 -21 24 0025 14 55 3819 58TH AVE N 131200 137000 95.8 23 4.7 3.5 .45 02/2002
01- 118 -21 23 0026 15 54 1108 57TH AVE N 135300 136500 99.1 24 8.0 6.8 .88 03/2002
34- 119 -21 34 0115 14 53 4201 63RD AVE N 149600 150000 99.7 25 8.6 7.4 .96 07/2002
02- 118 -21 41 0079 15 54 5626 LOGAN AVE N 127500 125000 102.0 26 10.9 9.7 1.25 01/2002
33- 119 -21 43 0089 14 53 5323 63RD AVE N 185400 181094 102.4 27 11.3 10.1 1.31 06/2002
26- 119 -21 41 0026 15 52 1501 AMY LA 166400 160000 104.0 28 12.9 '11.7 1.51 04/2002
33- 119 -21 43 0001 14 53 5101 63RD AVE N 150300 139900 107.4 29 16.3 15.1 1.96 04/2002
36- 119 -21 31 0039 15 52 6430 DUPONT AVE N 150100 135900 110.4 30 19.3 18.1 2.35 04/2002
- - -- -- ----- - - - - --
ARITHMETIC AVERAGE VALUES 144153 156519
A) NUMBER OF SALES : 30
B) RANGE OF SALES RATIOS 79.1 TO 110.4
C) MEDIAN RATIO 91.1
D) MEAN RATIO : 92.3
E) SALES - WEIGHTED AGGR. RATIO 92.1
F) AVER. DEVIATION FROM MEDIAN 5.8
G) COEFFICIENT OF DISPERSION 6.3 ( = 100 * F /C)
H) COEFFICIENT OF VARIATION 8.3 ( = 100 * J /D)
I) INDEX OF REGRESSION 100.2 ( = 100 * D /E)
J) STANDARD DEVIATION 7.7
K) SAMPLE SUFFICIENCY GAUGE .72 ( = SQRT(0.5 *B /A))
PARCELS IN AREA = 7293 * ** E N D 0 F R E P O R T * **
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(71TV ASSES, /R- REAL Es'rATE DATA
it . Rating I Actual
Dy. Type Bsmt. A Effective
B Excellt I -I ec Ive' Unfin. 2"' GHA
1,
I. D. Number
E
Sq Ft I 'I
M-7 Zoning R I I Very' Good 2
Neighborhood se I Crawl/Slab Standa 3 Manual Unfin. GBA
Property Address Finished Bs)nt. 4
_" p Yes
JH_U
q_0L D N % , PTO C)bsolcte 5
Model Dimensions
Interior
I No Interior Condition Excellent 1 4 6 24= 1104
Owner I Bsmt. Quality /Class LARRY __s Plaster I I Plaster I 2 Good 2
I
A—C-US-KEY I thru 1,4 1 ,1 ock
Legal 1 - Shectrock 2 1
Panelin.- 3 Shectr 3 Average 3 4 52
LOT 9 BLOCK Panelin I
RDR_THLAND_Ef'TA_TE.S_4Tj4 Deck Baths Print Trim Fair 4 X
Neighborhood Rath m Dormers Spa Hardwood I I LA Hardwood I I Substandard 5 x
Very Good 1 7 � Len.ath I I Area 2 Softwood 2
Good Finish 2 Deluxe Softwood 1 1
I Painted 3 x
Full Painted 31 House Room Count
Average Construction i Quality 1 -5 3/4 Other 4 Other 4 'total Rooms x —
Fair 4 Wood Frame I X Patio ✓ I Floor Floor Be Family drooms 4.
Substandard 5 Masonry Walls 2 Area 0 1 v� i
Site Rating Other 3 I 1 Bath Ratinu ' W*ood 1 Wood x
Very Goad I Quality I - 5 1 Quality I - 5 5 Carpet 2 2 Living Carpet 3 Dinin-
File 3 Other I
Good '> Exterior NVallsffrirn Porch 4 Kitchen I
Fair 3 Stolle Glazed Area 4 of Fircolace Concrete Baths Baths Other
I" Fl Area
Minimum P T Baths
fllj��Rce Quality I -5 1 None Ina 9 of, I __
Adj. Prq lilt Stucco Deluxe
I Elec. Service 2" 1:1 Area
Positi _ V'L Wood 4 Screened Area Quality I - 5 Full Sales
.Eaual 2 Metal Standard 3 ' 314 Date
'e 3 �-'X Nla� 6 Quality I - 5 Price P9000 6.13.Arca
') I ,, X I
Area Substandard all. �1-tim
View Other 7 1 Op
8 Heating — od - e — 4 P artial Const. Interior Unso.
V inyl Quality 1- 5 1
1 7) Tt. I t 5 Ye3-1' X_
Equal 2 Quality I - 5 Hot Water 2 -Date
Negative 3 Roof Garage 91 Forced Air 2 Fireplace Fireplace 2 Price No 2
-Cb./Appeal Gable I L�-3 8 4 Electric 3 LeftTa.: Yes N o
Floor Area 4 of
Gravity 4 4 of at C.harre
Very
Excellent 1 1 lip 2 None Non-, 2 - Code
Good 2 Mansard 3 Ext. Walls Other Add Soo
4 Number Cars Ouajitv I - 5 Quality 1 5 3 Date
Avcra 3 _-_ j jnjl�rc� 2 Room Count 3 - Price
- _ __C Bsmt. ROOM Count i" Room Count
Fair Fl at S Condition
Sol
Substandard 5 Roof Cover Attached I Total Rooms e Total Rooms Total Roonis t
13 - Code
flo Detached 2 Bedrooms edroorns
QuaNty/Closs - s I j I Bedrooms I
Shim B r i!L!I—
Tuckunder Farnilv Family Other _-M-inec �QP P
Wood Shakes 2 3 Appr. No. Vcrniit Date 1 20 0
07
T B P 8_1 G 3 Built-In 4 Kitchen IJV; . it-,
2 Detached 2
Slate'l 4 Garage 42 Other 0 . . . . . .
a ' ' ' AU
Other I W 'nk' I.
A-0 Shape I Windows Floor Area Kitchen St I S ta n dard M — 110 cllol';�(_eristics
2 Casement I I Non - Standard 2 *L
B - L Dbl. Hum 2 V! Ext. Walls ff., , 1 75
C_U 3 Number Cars 7av6d Street I I Fronla," _37—
Irrea 4 Gliders 3 -Curbs 2
D Style Nvnina Condition 3 1 "cal 75—
A 4
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T _1i d n"' _"' b I t
SE /SF I Story I X Patio Doors Attached I Notes — -- SE /SF Sevier A1711.
3 00 !0 1 . 1 � ff'HU'v, __J 5 _. .
Ell. 'Yidlh
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Walkout Tuckunder 0 Eft. Depth
'w
3 JL
or
'llit
I - 5 Built-In 4 Area
1 Tcsir"!= 7 2.84—
Pool gposs n b1sitt he
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Area A #r__j ok
6 Air Conditioni 1_ S _W a Oil River
__ ng
2 Sion' Vcs 02 River Rating 10
1 -0
Other I - fI o 2 Quality I - 5 Wooded 11 3___
Other 2 Influences 12 _Aj_ _
711 t Da
Other 3 10
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Subject Property — Interior Photographs
Kitchen, Ceramic Floor
Living Room
Basement, Sewing Room
Subject Property — Photo's Water Damage
Water Damage in Bsmt Sewing Room /Laundry to sheetrock along floor
Bsmt %2 Bath, water damage to sheetrock wall
Bsmt wall, water damage to sheetrock
Date: 05/04/2003 City of Brooklyn Center Page: 1
PermFRes.rpt PERMIT FIND RESULTS
Permit # Type Sub Type / Description Work Type / Valuation Issued ,Final Address
BC017659 PL Residential Replace 05/07/2001 11/09/2001 7024 HUMBOLDT AVE N
DISHWASHER $ 50.00
BC016412 BL Residential Single Family Replace 08/15/2000 05/01/2001 7024 HUMBOLDT AVE N
SIDING $ 1,000.00
BC014739 BL Residential Single Family Remodel/Alteration 01/18/2000 07120/2000 7024 HUMBOLDT AVE N
ADD 1 WALL, 2 CLOSETS $ 1,000.00
BC013736 BL Residential Single Family Replace 09/07/1999 11/22/1999 7024 HUMBOLDT AVE N
TEAROFF/REROOF $ 3,900.00
I
| ^ Apr 30 2003 12:E9 VAN VLIET REAL ESTATE COM 050 759 7417 p.2
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Apr 30 2003 12:59 VAN VLIET REAL ESTATE COM 858 759 7417 p.3
City of Brooklyn Center, Minnesota
6301 Shingle Creek Parkway ■ Brooklyn Center, MN 55430 -2199 ■ (763) 569 -3310 ■ FAX: (763) 5693494 ■ TDD: (763) 569 -3300
2003 Notice of Valuation and Classification
For taxes payable in 2004 — This is NOT a bill
Property Identification Number: 10- 118 -21 -12 -0057
Property Location: 3413 53RD AVE. N '
JANUARY 2, 2003
TWIN LAKES PROPERTIES LLP
10425 BLUFF RD
EDEN PRAIRIE MN 55347 -5009
The values indicated are for the January 2, 2003, Assessment for taxes payable in 2004. The prior data has been
included for comparison purposes.
2002 for 2003 Taxes 2003 for 2004 Taxes
Property Classification: LOW INCOME APARTMENT
NON HOMESTEAD
Estimated Market Va1'ue: $559,000 $05000 _
Limited Market Value: $5,459,000 $6,250,000
Value of New
Improvements:
This Old House Exclusion:
Taxable Market Value: $5,459,000_ $6.250,000
Est. Market Value Deferred:
App eal! the Value or
ealin Pr o p erty i
If you disagree with the - values or classification of your prop Clas of Your Pro ert erty for 2003, please contact the Brooklyn Center Assessor's Office
first to discuss your concerns. Often yourquestions can be addressed informally at this level. (763) 5694310
Appeal Option 01 — Boards of Appeal and Equalization
You may appear before the Boards of Appeal and Equalization in person, by letter, orthrough a representative authorized by
you.
S
ea``
,
id r
If �o 'ilia rzstt
u believe elm ve ou
ry value ue
or
cla '
ssifice '
tion '
Y is ' o
Y incorrect, you may bring your case ' t3oard of Appealand Equalization.
Please contact the Brooklyn Center Assessor's Office for more information at (763) 569 -3310. The Board convenes at 7:00 PM,
on Monday, May 5, 2003, in the Council Chambers, City Hall, 6301 Shingle Creek Parkway, Brooklyn Center, MN 55430. 1f you
wish to make an apoeal before the local board. an application is reauired no later than Friday. Andl 11 2003.
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ppeal and Equalization did not resolve your concerns, you may bring your case : to the County Board
of Appeal and Equalization. The County Board of Appeal and Equalization begins art, "June. 16; 2003, Hennepin County
government, Center, 600 South Sixth St., Minneapolis, MN 55487. Application 5 is required no later than June 9, 2003. To
mnear before the C ounty Board. voet must have avneared before the Brooklyn Center Board of Aoneal and
Equalization.
Phone: (612) 348 -7050. ITTY (612) 348 -3461 Teletype]
Appeal Option #2 — Minnesota Ta Court
lrta I::Clar
ms> s
Dv
You may take your case directly to the Small Claims Division of Tax Court if:
• The assessor's estimated market value of your property is less than $300,000; or
• The entire parcel is classified -as a residential homestead_ (le or 1 b) and the parcel contains no more than one dwelling unit;
or ...
• The entire property is classified as.an agricultural homestead (2a or 1 b); or
• You are appealing
iV
pealing the denial of a current year application for homestead classification of your property.
...:
;Re r11s1'::Di
Regardless of property type or the nature of your claim- you always the option to - file directly with the Regular
Division of Tax Court, You have until April 30, 2004, to file an appeal with the Small Claims Division or the Regular
Division of Tax Court for this year's valuation notice.
For more information contact: MN Tax Court, 25 Reverend Dr. Martin Luther King Jr. Blvd., Room 245, St. Paul, MN 55115
Phone: 651- 296 -2806 [TTY Relay (800) 627 -3529 Teletype]
Web site: www.taxcourt.state.mn.us E -mail: infogDtaxcourt state, mn.us
Apr 30 2003 12:59 VRN VLIET REAL ESTATE COM 858 759 7417 p.4
PRESORTED
City of Brooklyn Center FIRST -CLASS MAIL
_+ Y U.S. POSTAGE PAID
6301 Shingle Creek Parkway MINNEAPOLIS MN
Brooklyn Center, MN 55430 -2199 PE MI T NO 3395
IMPORTANT: Property_ Tax Information
RN SERVICE REQUESTED
Valuation Notice
905+!
ptQ ; �IS
I
VANV4a5 - * 7553472026 1742 15 03/25/09
RETURN TO SENDER
E :VAN VLIET REAL ESTATE CO
TEMPORARILY AWAY
'F RETURN TO -SEN
�.e.410 .` A 11��I1F�' 1. 11�171�' 11�71�) lIFF1�11F14��� 21::�!{1iiF�l:�tlill�iFlt
- .. ..
IMPORTANT IN FORMAT16N AND' 6 #_' 0I IITIdNS:
This notice is to inform you of the market value and classification of your property for assessment year 2003. The
property taxes you will pay in 2004 will be based on this valuation and classification. If you believe your valuation and
property class are correct, it is not necessary to contact the assessor or attend the meeting listed on this notice.
Proaerty Classification
The statutory classification that has been assigned to your property based upon your use of the property. A change in classification of your property
can have a significant impact on the real estate tax payable. Please compare the•2002 and 2003 classifications listed on the other sideof this
statement
Estimated Market Value
This value is what the assessor estimates your property would likely sell for on the open market. State law (M.S. 273.11 Subd. 1) requires
assessors to value property at 10o peroent of market value.
Limited Markel Value (M.S. 273.11 , Subd.1a)
Limits how much the taxable value of certain properties can increase.. With the exception of new improvements, the value is limited to the
greater of. 1) 12 percent increase over last year's limited value or 2) 20 percent of the difference between this year's estimated value and last
...year's limited value. This only applies to agricultural, residential, timberland, or noncommercial seasonal recreational residential (cabin)
property.
Value of New Iml,rovements
This is the assessor's estimate of the value of new or omitted improvements you have made to your property. These improvements are not
eligible -for limited market value.
Applies only to homestead property 45 years of age or older and valued at less than $400,000. Improvements that increase the estimated market
value by $5,000 or more may have some of the value exempted. Only improvements made before Jan. 2, 2003, and assessed forthe
2003 assessment will qualify for this exclusion. More information on this exclusion may be obtained by contacting your Assessor's
Office.
Taxable Market Value (M.S. 273.121)
This is the value that your property taxes are actually based on, after all reductions, limitations, exemptions and deferrals. Your 2003 value,
along with the class rate and the budgets of your local government, will determine how much you will pay in taxes in 2004.
Market Value Deferred -Green Acres -Open Soace
Only applies to agricultural -open space property that is facing increasing values due to development pressures not related to the agricultural -
open space value of the land. The assessor anives atthis lowervalue by looking at what comparable agricultural -open space land is selling for in
areas where there is not development pressure. The taxes on the highervalue are deferred until the property is sold or no longer qualifies for the
program.
Market Value Deferred - Plat Deferment
For land that has been recently platted (divided Into individual lots) but not yet improved with a structure, the increased market value due
to platting is added over a 3 year phase -in period. If construction begins before the expiration of the phasein period, the lot will be
assessed at full market value in the next assessment
Commercial/industrial Propertv IM.S. 273.13..Subd. 24)
Each parcel of commercial and industrial property has a reduced, "preferred" class rate on the first tier of market value ($150,000)
and a "non- preferred" rate on the remaining market value, except in the case of contiguous parcels owned by the same person or entity.
Contiguous properties are classed at the `non - preferred" rate. Please call your assessor for details and exceptions.
PROPERTY DATA SYSTEM
TAXPAYER INQUIRY ICURR 319
PROPERTY ID NEXT _
10- 118 -21 -12 -0056
Pt.Con: Mt.Adr: Y
HOUSE# FRACTION STREET NAME UNIT ZIP +4 Front: Back:
3305 1/_ 53RD AVE N 55429+ Right: Left:
Ownerl: TWIN LAKES PROPE RTIES LLP Owner3:
Owner2: Owner4:
Zoning: R5 Prim /sec: Yr.blt: 1967 Area: 381380 Acres: 8.70
Sch.Dst: 281 Wshd: 00 Gr /Os /Ex: Subrecs: 01 Width: Depth:
Mkt -Land Mkt -Bldg Mkt -Mach Mkt -Tot Tx Capacity Hd PT %Own
2003: 1106000 5390000 6496000 81200 A 0
2002: 1106000 4568000 5674000 56740 HL 0
2001: 1106000 4010000 5116000 46044 HL 0
Legal Description: LOT 1 BLOCK 1
TERRACE APARTMENTS ADDITION
THAT PART OF LOT 1 LYING N OF A LINE
RUNNING E PAR WITH N LINE OF SEC 10
T 118 R 21 FROM A PT IN W LINE OF
SAID LOT 1 DIS 558 FT S FROM N LINE ..MORE LEGAL
TVDe PID or ADD RESS: press ENTER: or F1, F2, F8
PROPERTY DATA SYSTEM
PARCEL INFORMATION INQUIRY CURR 300
PROPERTY ID NEXT
10- 118 -21 -12 -0057
MULTI STATUS LICNSE
HOUSE# FRACTION STREET NAME UNIT ZIP +4 ADDR CODES CODES
3413 1/_ 53RD AVE N 55429+ Y TCPET RE400
OWNER
OWNER LAST NAME FIRST M CORP TAXPAY ADDR OWNER CHANGE DATE
#1 TWIN LAKES PROPE RTIES LLP Y Y N (Y /N) 04/07/1995
#2
#3
#4
LOT BLOCK ADDITION DIST NBRHOOD WATERSHED SCHOOL DIST STATUS DIV NO
1 1 90061 14 75 281 N
SPECIAL FLAGS
PARENT PROPERTY ID DIV.PD YR /SPLT APPV DATE 1 2 3 4 5 6 7 8 9 10
N N N N N N N N N N
TAX FORFEIT DATE COMMENT FLAG VALUE RECORD VALUE YEAR PURGED
S (Y /N) N N
TVDe PID or ADDRESS: press FNTFR: or F1. F2. F8
2003 INCOME APPROACH ANALYSIS
APARTMENTS
1
Twin Lake Manor
YEAR OF CONSTRUCTION: CT O N: 1967
3306 -3413 53rd Ave N PID: 10-118-21-12-0056,0057
310 UNIT EOON ACTUAL TOTAL
UNITS MIX RENT RENT EGON RENT
2 STUDIOS $550 $520 $1,100
0 00
308 1 dEDROOMS $750 $725 $231,000
0 2 BEDROOMS $0 $0 $0
0 3 BEDROOMS $0 $0 $0
70 GARAGES $40 $50 $2,800
ECONOMIC ACTUAL
MONTHLY ADJ. RENT $234,900
TOTAL ANNUAL ADJ. RENT $2,818,800 $2,096,112
TOTAL NUMBER OF UNITS 310
GROSS BUILDING AREA 255,504
CAPITALIZATION PROCESS
ECONOMIC ACTUAL
POTENTIAL GROSS RENT (PGI) $2,818,800 $2,096,112
LESS: VACANCY & COLLECTION LOSS
% OF PGI 3.0% ($84,564) 3.00% ($62,883)
OTHER MISC INCOME 2.0% $56,376 2.00% $41,922
EFFECTIVE GROSS INCOME $2,790,612 $2,075,151
LESS: ANNUAL EXPENSES OfPGI 32% ($902,016) 35% ($733,639)
LESS: RESERVES FOR REPLACEMENT 2 0 ($56,376) 20 / 0 ($ 41,922 )
TOTAL ALLOWANCE 34% ($958,392) 37% ($775,561)
ANNUAL NET INCOME $1,83 $1,299,589
RETURN ON & OF PERSONAL PROPERTY $26,040 $26,040
$700 /UNIT @ 12%
NET INCOME TO REAL PROPERTY UJILM $1. 73 -Fi49
Tax Ra
CAPITALIZATION MARKET TAX RATE 2.380/6
OVERALL RATE 9.00%
EFFECTIVE TAX RATE 3.40%
TOTAL CAP RATE 12.40% 12.40% 12.40%
CAPITALIZED VALUE OF PROPERTY $14,566,000 $10,271,000
CAPITALIZED VALUE PER UNIT $46,987 $33,132
LV oer Unit BV per Unit ,
2003 Land $2,212,000 $7,000 2003 Building $10,534,000 $41.23 $33,981
CORRELATED 2002 VALUE BY INCOME APPROACH $12,746,000
2003 per Unit $41,116
2002 Assessment Land Value BV EMV
Both PID's $2,170,000 $8,963,000 11,133,000 2003 per 18 $49.89
2002 assessment parcel Breakdown
10- 118 -21- 120056 158 Land Value BV EMV % change from 02 to 03 14.5 0 /0
Sub 1 A 100.0% $1,106,000 $5,390,000 $6,496,000
Total $1,106,000 $5,369,000 $6,496,000
10- 118 -21- 120057 152 Land Value BV EMV
Sub 1 A 100.0% $1,106,000 $5,144,000 $6,250,000
Total $1. 106,000 $5,144,000 $6,250,000
Grand Total $2,212.000 $10.534,000 $12,746,000
2003
BROOKLYN CENTER APARTMENT ASSESSMENT
COMPLEXES 76 UNITS OR MORE
2003 UNIT
PROPERTY AREAS 2003 EMV VALUES In 2002 EMV 41T VALUES [n
Twin Lake Manor Land 829,171 Land $2,212,000 $7,135 Unit Land $2,170,000.00 7,000.00 Unit
3305.3413 53rd Ave N GBA 255,504 Building $10,534,000 $41.23 In Building $8,963,000.00 35.08 In
PID: 10. 118 -21.12 -0056, 0057 Units 310 Total $12,746,000 $49.89 [n Total $11,133,000.00 43.57 In
Age 1967 Change 14.5% $41,11a Unit Change 10.9% 35,912.90 Unit
TWIN LAKE NORTH Land 851,400 Land $2,226,000 $8,065 Unit Land $2,226,000.00 8,065.22 Unit
45004539 58TH AVE N GBA 354,912 Building $10,962,000 $3o.ae [n Building $10,762,000.00 30.32 [n
PID: 03. 11821 -22 -0025 AND 0027 Units 276 Total $13,188,000 $37.1s [n Total $12,988,000.00 36.59 [n
Age 1968 Change 1.5% $47,7x3 Unit Change 2.69% 47,057.97 Unit
SUMMERCHASE Land 674,352 Land $2,016,000 $a,000 Unit Land $2,016,000 8,000.00 Unit
2802 NORTHWAY DRIVE
GBA 245,313 Building $9,205,000 $57.52 [n Building $8,086,000 40.30 [n
PID: 02. 11821.23 -0015 Units 252 Total $11,221,000 $45.74 [Q $10,102,000 48.51 In
Age 1968 Change 11.1% $44,528 Unit Change -2.40% 40,087.30 Unit
MELROSE GATES Land 586,574 Land $1,736,000 $a,o0o Unit Land $1,736,000.00 8,000.00 Unit
63054507 CAMDEN AVE N GBA 220,711 Building $8,059,000 s3e.51 [n Building $7,205,000.00 47.04 In
PID: 36. 11921.31 -0045 Units 217 Total $9,795,000 $44.3e [n Total $8,941,000.00 $4.90 [q
PID: 36- 1182124-0046 Age 1969 Change 9.6% $45,138 Unit Change 0.0% 41,202.76 Unit
Loral Board 2002 Appeal
Earls Brown Terrace Land 142,098 Land $980,000 $7,000 unit Land $910,000.00 6,500.00 unit
6100 Summit Drive GBA 142,237 Building $7,097,000 $49.90 [n Building $7,167,000.00 50.39 [n
PID: 35-119-21-44-0012 Units 140 Total $8,077,000 $5x.79 [n Total $8,077,000.00 56.79 [n
Age 1987 Change 0.0% $57,693 Unit Change $0.01 57,692.86 Unit
Carrington Drive Lard 256,789 Land $850,000 $5,641 Unit Land $832,000.00 6,500.00 Unit
1302 A8 69th: 6910.20 Humboldt GBA 121,180 Building $4,660,000 $38.46 M Building $4,538,000.00 37.45 [n
PID: 25. 119.21.33 -0045 thru 0048 Units 128 Total $5,510,000 $45.47 [n Total $5,370,000.00 44.31 In
Age 1965 Change 2.6% $43,047 Unit Change $0.14 41,953.13 Unit
River Glen Land 478,123 Land $875,000 $7,813 Unit Land $832,000.00 7,428.57 Unit
40770th Ave N GBA 131,848 Building $4,970,000 $37.ee [n Building $4,222,000.00 32.02 [n
PID: 25 -119 - 2143 -0049 Units 112 Total $5,845,000 $44.33 [n Total $5,054,000.00 38.33 [n
Age 1971 Change 15.7% $52188 Unit Change $0.16 45,125.00 Unit
Shingle Creek Tower Apartments land 478,123 Land $825,000 $6,762 Unit Land $800,000.00 $6,557 Unit
6221 Shingle Creek Pkwy GBA 104,624 Building $3,514,000 $33.5o [n Building $2,525,000.00 24.13 [n
PID: 35. 11921 -34 -0004 Units 122 Total $4,339,000 $41.47 M Total $3,325,000.00 31.78 [n'
Partial Construction Ind. Age 1973 Change 30.5 $35,566 Unit Change 0.00% $27,254 Unit
Sold 712002 $3,203,000 (AFTER ADJ) IMPROV $1,150,000 TC Stipulation
EARLE BROWN FARM APARTMENTS Land 361,722 Land $825,000 $%e75 Unit Land $780,000.00 6,500.00 Unit
1701 69TH AVE N GBA 139,044 Building $4,567,000 $32.es [n Building $4,203,000.00 30.23 [n
PID: 35. 119.21.11 -0037 Units 120 Total $5,392,000 $38.78 [n Total $4,983,000.00 35.84 In
Age 1971 Change 8.2% $44,933 Unit Change $0.14 41,525.00 Unit
THE PINES Land 276,562 Land $675,000 $6,618 Unit Land $663,000.00 6,500.00 Unit
6511 HUMBOLDT AVE N GBA 101,658 Building $3,837,000 $37.74 [n Building $3,460,000.00 34.04 In
PID: 35-119-21-14-0009 Units 102 Total $4,512,000 $44.3& [n Total $4,123,000.00 40.56 in
Age 1969 Change 9.4% $44,235 Unit Change $0.17 40,421.57 Unit
GEORGETOWN TOWNHOMES Land 476,238 Land $740,000 $6,043 Unit Land $740,000.00 8,043.48 Unit
700 66TH AVE N GBA 165,912 Building $4,787,000 $28.85 [n Building $3,661,000.00 22.07 [n
PID: 36. 119.21 -24 -0047 Units 92 Total $5,527,000 $33.31 [n Total $4,401,000.00 26.53 [n
Townhome Style Age 1967 Change 25.6% $60,076 Unit Change $0.05 47,836.96 Unit
05/05/2003
2003
BROOKLYN CENTER APARTMENT ASSESSMENT
COMPLEXES 76 UNITS OR MORE
2003 UNIT
PROPERTY AREAS 2003 EMV VALUES [q 2002 EMV 4IT VALUES [Q
WOVENHEARTS ASSISTED LIVING Land 168,722 Land $630,000 $7,000 Unit Land $610,000.00 6,777.78 Unit
6001 EARLE BROWN DR GBA 51,738 Building $3,890,000 $75.19 [/J Building $3,694,000.00 71.40 [/1
PID: 02. 118 - 21.11.0007 Units 90 Total $4,520,000 $87.36 [/J Total $4,304,000.00 83.19 [Q
Age 1993 Change 5.0% $50,222 Unit Change $0.13 47,822.22 Unit
BROOKSIDE MANOR Lab 293,070 Land $618,000 $6,867 Unit Land $585,000.00 6,500.00 Unit
1300,1301,1121 67TH AVE N GBA 91,863 Building $3,784,000 $41.19 [/J Building $3,283,000.00 35.74
PID: 36. 119.21 - 22.0040, 0045, 0046 Units 90 Total $4,402,000 $47.92 [/J Total $3,868,000.00 42.11 [Q
Age 1968 Change 13.8% s".911 Unit Change $0.13 42,977.78 Unit
Riverwood Apartments Land 244,207 Land $588,100 $7,001 Unit Land $588,000.00 7,000.00 Unit
6401 -6425 WILLOW Ln W201 -215 65th Av GBA 71,337 Building $3,154,900 $44.23 [/J Building $2,569,000.00 36.01 [/J
PID: 36.119 -21.42 -0007, 0008, 0009,
0010,'0011, 0012,0013 Units 84 Total $3,743,000 s52.47 [/J Total $3,157,000.00 44.25 [/J
Age 1962 Change 18.6% $44,5eo Unit Change $0.09 37,583.33 Unit
EVERGREEN PARK MANOR Land 203,018 Land $560,000 $7,000 Unit Land $560,000.00 7,000.00 Unit
7200 CAMDEN AVE N GBA 86,552 Building $3,196,000 $36.93 (/J Building $3,183,000.00 36.78 [/]
PID: 25-119-21-42-0059 Units 80 Total $3,756,000 $43.40 [/J Total $3,743,000.00 43.25 [/J
Age 1972 Chance 0.3% $46,950 Unit Change $0.13 46,787.50 Unit
TOTALS Land 6.320,169 Land $15,726,847 s 7,100 Unit Land $15,431,747.00 6,966.93 Unit
and GBA 2,284,433 Building $86,216,900 $ 37.74 18 Building $84,038,000.00 36.79 in
AVERAGES Units 2,215 Total $102,573,000 $ 44.90 til Total $100,079,000.00 43.81 [/]
Change 2.49% $46,308 Unit Change 11.72% 45,182.39 Unit
G:1 DeptsWSSESStSPREDSHTWssessor12003cia1 (APT 77- 310ALS12003 TO' $0 Improvement $0.00 nv Improvement
05/05/2003
CITY ASSESSOR • REAL ESTATE DATA Construction Basement Parking Apartment Breakdown "
Pr erty Name Print Date 04/03/00 A) Steel Frame 1 Basement % Ramp 1 Number Type Area
TWIN LAKES MANOR B) Rein. Conc. 2 Bsmt. Use Code 000 Surface 2 1 Eff
PID # Prop Type: C) Conc. Blk. 3 X Plumbing Underground 3 1 1 1 Br ✓ 5 7 6
f/ 10- 118 -21 -12 -0057 A HL
D) Wood Frame 4 Above Average 1 # of Spaces 0 2 Br �—
Property Address: S) Pre -Fab 5 Average 2 X Area i . 3 Br
3413 5 5 3RD AVE N Other 6 Below Average 3 Garage TOTAL: 1 S2 AVG: S7E
r7
Exterior Walls Electrical Floor Area ) 3 C U Rents as of O 1 994
Owner Brick 1 Above Average 1 I # of Spaces Actual Type Economic:
TWIN LAKES PROPERTIES LLP Stucco 2_,_—.X-- Average 2 X Rent @$ 300 Eff
Taxpayer, 3 Below Average 3 Detached 1 X 3 4 0 1 Br
_54 ! / Metal 4 Height Underground 2 2 Br
r .� , ✓ Attached 3 , 3 Br
U / ,_�JI'.` �¢ �,} Concrete 5 Aver /Story , 0
Legal Description Glass 6 # of Stories 3, 0 Sprinkler System 3 3 9 A V G
LOT 1 BLOCK 1 Other 7 Clear Height , 0 % of Area 0 0 0 Oj/° Rental /Expense information
TERRACE APARTMENTS ADDITION Roof Structure Elevator Pool Gross Income$ $191680
Wood 1 None X Indoor 1 Vacancies , 29 a/O
Land Data Construction Quality Steel 2 Quantity Outdoor 2 I r u Eff. Gross Income $ 9 0 9 9 6 S
Frontage Excellent 4 Precast 3 Security System Flat Charge: a Operating Expense $ 75 71
Depth 3.5 Other 4 Yes 1 Add. Net Income $ 1 5 4 6 9 4
Area /Sq. ft. 44779 1 Good 3 Roof Cover No 2 X Sub. Cap Rate . 351%
Irreg. Shape NO 2.5 Pitch & Gravel 1 CDE. GRM 3 . 5
zoning Rg Average 2 X Wood Shingles 2 BUILDING PERMITS f` Rent /Sq. Ft. $ 9 , 50
Area Rating 1.5 Asp. Shingles 3 Interior Inspected
Site Rating Low 1 Insulated Roof 4 X No. Date 1
Allow Un /Ar Use Codes Other , 5 No 2
Trackage 1 352 1 0 0 °k Heating Type Value $ Date 05TDI / a3
Yes 1 2 0 0 0 % Electric 1 % ✓ Appraiser Initials '
No 2 I X 3 0 0 0 % Forced Air 3 % ' No. Date / / Cash Equivalency Sales Data
Sewer 4 0 0 0 % Hot Water 4 % v Date 1 2/ 1 9 9 4
Yes 1 X Arch. Appeal Space 6 \ % Tjpe Value $ - -trice $ 441 0 0 0 0
No 2 Excellent 1 Pkg Unit 11 % Date /
Water Very Good 2 H & C Air 12/ % Price $
Yes 1 I Average 3 X Other ( #) % COMMENTS 50 / LINE +
No 2 Fair 4 Building Area
Street Undersirabie 5 F.F. Area 42988 SEE ALSO 0056. 310 VNITS TOTAL.
Yes 1 I X Depreciation G.B. Area 1 2 8 9 6 4
No 2 Functional % N.R. Area yp, 00 1
Excess Land Economic % Mezzanine _ _ t
Yes 1 Physical % Perimeter /�/,
No 2 I X Const. Year 19 67 TF /} y o I/
e AirConditionin ' ✓ ✓ ( t yr. W �F;'r �:` i F � `: - f �.:�
Needs Soil Correction Effective Year) y � i 0•Q� 9
Yes 1 R EN O Wondition / t /c17 Package
No 2 I X Excellent 1 r Central 2
Good 2 Wall
Average 3 % of Area A /C� e ) 0 O O O % V ✓� f, n ', ? i. �: (� ;•��✓ 1 f< r G+?-.( \ f �
Fair 4
Poor 5
CITY ASSESSOR • REAL ESTATE DATA Construction Basement Parking Apartment Breakdown
Property Name Print Date 04 / 0 3/0 0 A) Steel Frame 1 Basement % Ramp 1 Number Type Area
TW LAKE MANOR B) Rein. Conc. 2 Bsmt. Use Code 000 Surface 2 1 Eff I/ i O
PID # Prop Type: C) Conc. Blk. 3 X Plumbing Underground 3 157 Br S76
H L D) Wood Frame 4 Above Average 1 # of Spaces 2 Br
Property Address: S) Pre -Fab 5 Average 2 x Area // 3 Br
3305 53RD AVE N
Other 6 Below Average 3 Garage TOTAL: 1 %B A VG:
Exterior Wails Electrical Floor Area ! 3 0 U U Rents as of O Y 199
Owner Brick 1 Above Average 1 # of Spaces (j S Actual Type Economic
TWIN LAKES PROPERTIES LIP Stucco 2 Average 2 1 X Rent @$ 300 Eff
Taxpayer Wood 3 X Below Average 3 Detached 1 X '34 1 Br
Metal 4 Height Underground 2 2 Br
Concrete 5 Aver /Story Attached 3 i 3 Br
Legal Description Glass 6 # of Stories 3 0 Sprinkler System 4947 A V G 4432!
LOT 1 BLOCK 1 Other 7 Clear Height . n % of Area 000 Rental /Expense Information
TERRACE APARTMENTS ADDITION Roof Structure Elevator Pool Gross income$ 644164
Wood 1 None X Indoor 1 I Vacancies , $ 9 (1
Land Data Construction Quality Steel 2 Quantity Outdoor G O 5;7 2 Eff. Gross Income $ 9 0 9 9 6 5
IFrontage Excellent 4 Precast 3 Security System Flat Charge: Operating Expense $ 7 5 SS. P7 1
I Depth 3.5 Other 4 Yes 1 Add. Net Income $ 1 5 4 6 9 4
,Area /Sq. ft. 3 8138 0 Good 3 Roof Cover No 2 X Sub. Cap Rate . 351% .
Irreg. Shape NO 2.5 Pitch & Gravel 1 CDE. GRM 3.5
,Zoning RS Average 2 X Wood Shingles 2 BUILDING PERMITS Rent /Sq. Ft. $ 9
Area Rating 1.5 Asp. Shingles 3 Interior Inspected
!Site Rating Low 1 Insulated Roof 4 No. Date / / /Yes 1 N
,Allow Un/Ar Use Codes Other 5 No 2
Trackage 1 358 100 % Heating Type Value $ Date <-"
Yes 1 2 00 % Electric 1 % / / Appraise Initials 4 (,J
No 2 X 3 000 % Forced Air 3 % No. Date Cash Equivalency Sales Data
Sewer 4 0 % Hot Water 4 % Date 1 2/ 1
Yes 1 I X Arch. Appeal Space 6 % Type Value $ Price $ 4
No 2 Excellent 1 Pkg Unit 11 % Date /
Water Very Good 2 H & C Air 12 % Price $
Yes 1 �X Average 3 X Other (#) % COMMENTS 50 / LINE
No 2 Fair 4 Building Area
Street Undersirable 5 F.F. Area 4 2180 SEE ALSO 0057 310 UNIT $ TOTAL.
Yes 1 I X Depreciation G.B. Area 1 26540
No 2 Functional % N.R. Area CrC cG 3" a
Excess Land Economic % Mezzanine
Yes 1 Physical % Perimeter
No 2 'X Const. Year 1967 TF
Needs Soil Correction Effective Year 0 000 Air Conditioning
Yes 1 RENO% ,Condition Package 1
No 2 X Excellent 1 Central 2
Good 2 Wall 3
Average 3 % of Area A/C 0000 %
Fair 4 X
Poor 5
E)5/02/2003 12:55 312 - 372 -8343 POLLACKWEIS &DUBROCK PAGE 02
LAW OFFICES
po,, ,ACK, WEIS & DuBROCK
FRANK S. POLLACK ONE NORTH LA SALLE STREET ADMINI$I WOR
BYRON H. WEIS SURE 1300 ROBERT N. POLLACK
DANIEL J. DUBROCK CITY OF CHICAGO ILLINOIS 60602
ANALYSTS
TIMOTHY G. DOODY TELEPHONE: (312) 346 -7040 6RUNO H. ROGALMa
BRIAN S. MAHER TaEcopim (312) 372 -8343 MK31AU E. STEIN
May 2, 2003
City of Brooklyn Center
City Fall
6301 Shingle Creek Parkway
Brooklyn Center, MN 55430
_ Attu: City Assessor Nancy Wojcik and the Local Board
RE. Former K -Mart Buxldmg
5930 Earle Brown Dr.
02- 118 -21 -12 -0010
Dear Assessor:
Please be advised that I represent the owner of the property commonly known as 5930
Earle Brown. Dr., Brooklyn Center. This property is also identified by parcel number
02- 118 -21 -12 -0010. The owner is hereby objecting to and appealing the 2003
assessment on this property.
At this time we are unable to attend and appear at the local board hearing but we
respectfully request that this letter be read before the Local Board so that the taxpayer can
preserve its rights and continue to the County Board.
Thank you for your time and consideration in this matter.
Respectfully submitted
Timothy G. Doody
Attorney for Owner
TGD/hp
_ PROPERTY DATA S YSTEM
TAXPAYER INQUIRY ICURR 319
PROPERTY ID NEXT _
02- 118 -21 -12 -0010
Pt.Con: Mt.Adr:
HOUSE# FRACTION STREET NAME UNIT ZIP +4 Front: 857 Back:
5930 1/_. EARLE BROWN DR 55430+ Right: Left:
Ownerl: SUSCO CORPORATIO N Owner3:
Owner2: K -MART TAX DEPT Owner4:
Zoning: C2 Prim /sec: Yr.blt: 1971 Area: 517492 Acres: 11.88
Sch.Dst: 286 Wshd: 00 Gr /Os /Ex: Subrecs: 01 Width: Depth: 835
Mkt -Land Mkt -Bldg Mkt -Mach Mkt -Tot Tx Capacity Hd PT %Own
2003: 2595000 403000 2998000 59210 C 0
2002: 2587000 403000 2990000 59050 C 0
2001: 2587000 403000 2990000 59050 C 0
Legal Description: __= NO LOT AND BLOCK GIVEN =__
REGISTERED LAND SURVEY NO. 1325
HENNEPIN COUNTY. MINNESOTA
TRACT M
Tvae PID or ADDRESS: cress ENTER: or Fl. F2. FR
PROPERTY DATA SYSTEM
LIMITED MARKET VALUE INQUIRY CURR 318
NEXT _
PID 02- 118 -21 -12 -0010 ASSESSMENT YEAR 2003 SUB -REC 01
HOUSE# 5930 F/A 1/_ STREET EARLE BROWN DR UNIT
CALCULATE LMV (Y /N) PROPERTY TYPE C HMSTD CODE
PART CONST OR/OS/EX REL HMSTD IND
CONTIG IND
MARKET LAND VALUE 2595000
MARKET BUILDING VALUE 403000
MACHINERY VALUE
TOTAL MARKET VALUE 2998000
IMPROVEMENT AMOUNT
LIMITED MARKET VALUE 2998000
QUALIFYING IMPROVEMENT AMOUNT -
MARKET VALUE SUBJECT TO TAXATION 2998000
TAXABLE MARKET VALUE TAX CAPACITY 59210
Make chanaes: cress FNTFR: or F1. F2, F4. F5. FA
CITY/ SSESSOR • REAL ESTATE DATA I Construction Basement Parking Apartment Breakdown
Pro ert am Print Date e A) Steel Frame 1 Basement % Ramp 1 Number Type Area
p Q �
I( -a r� l SA, I" 1, +4 /03.'00 B) Rein. Conc. 2 Bsmt. Use Code n on Surface 2 x Eff
PID # Prop Type: C) Conc. Bik. 3 X Plumbing Underground 3 I 1 Br
op - I I A _ 21 - I P _ 0 D Ill A D) Wood Frame 4 Above Average 1 I # of Spaces 2 Br
Property Address: S) Pre -Fab 5 Average 2 x Area � .I U O 3 Br
5930 EARLE BROWN DR Other 6 Below Average 3 Garage TOTAL: AVG:
Exterior Walls Electrical Floor Area Rents as of /
Owner Brick 1 Above Average 1 I # of Spaces Actual Type Economic
f'1
SIISCO CORP RATTON Stucco 2 Average 12 �� Rent 0$ Eff
Taxpayer i/ � �7- (f r Wood 3 Below Average 3 Detached 1 1 Br
/�N' „ Metal 4 Height Underground 2 2 Br
Concrete 5 Aver /Story 2 I_ 0 Attached 3 i 3 Br
Legal Description Glass 6 # of Stories I 4 Sprinkler System A V Q
LOT BLOCK Other 7 Clear Height % of Area --, 01 0 (/o Rental /Expense Information
REGISTERED LAND SURVEY NO. 1 Roof Structure Elevator Pool Gross Income $
Tr. rf M Wood 1 None X Indoor 1 I Vacancies 0 0 (P
Land Data Construction Duality Steel 2 X Quantity Outdoor 2 Eff. Gross Income $
(Frontage R 5 T Excellent 4 Precast 3 Security System Flat Charge: Operating Expense $
(Depth 8-IS 3.5 Other 4 Yes 1 n Add. Net Income $
(Area /Sq. ft. S17 Good 3 Roof Cover No 2 Sub. Cap Rate 0 0 (f
Ilrreg. Shape YES 2.5 Pitch & Gravel 1 I CDE. GRM _ 0
(Zoning Average 2 X Wood Shingles 2 BUILDING PERMITS Rent /Sq. Ft. $ .00
Area Rating 1.5 Asp. Shingles 3 Interior Inspected
(Site Rating Low 1 Insulated Roof 4 No. Date / / Yes 1
Allow Un /Ar Use Codes Other 5 No 2 I x
Trackage 1 ' 31 9 1 00 % Heating Type Value $ Date
Yes 1 2 110 0 % Electric 1 % / / Appraiser Initials 5 G,V
No 2 ix 3 (j 0 0 % Forced Air 3 % No. Date Cash Equivalency Sales Data
Sewer 4 t10 () % Hot Water 4 % Date /
Yes 1 I X Arch. Appeal Space 6 5 Type Value $ Price $
No 2 Excellent 1 Pkg Unit 11 7y % Date !
Water Very Good 2 H & C Air 12 % Price $
Yes 1 IX Average 3 X Other ( #) % COMMENTS 50 / LINE
No 2 Fair 4 Building Area
Street Undersirable 5 _F.F. Area r /97)&j, g CANO s 9,15M Square Foo t-
Yes 1 IX Depreciation i36Vj G.B. Area /Pj%$_ jL �G/ 1
l No 2 Functional % N.R. Area)y�� A4 11 r I j / Gt v 1 S q /� J a / P G
Excess Land Economic % Mezzanine X 17, g15)
Yes 1 Physical % Perimeter
171
' I / i �� i 1 � 7 ✓ S / f� �, L+a ��' t' �i ./ )�.. Gt t, v r r '�
No 2 X Const. Year 1971 T F ��,
Needs Soil Correction Effective Yearfto (#-A'07r • Air Conditioning r' 7 ' }
Yes 1 R E N Q r Conditiojj!j_(,0.W,,, Package 1 a /'
I` No 2 Excellent 1 Central 2 c .w ' l r e d i +- y der l S
Good 2 Wall 3 , ] / ) / �,rc, d 1
c o (: , ,t , �. ! r., ,., (� t: t v i l V '1 c t l• !� ✓ ppC} t/�
Average 3 X /o of Area A/C 10 4�8- /o f F
Fair 4 2 f 1 - '
Poor 5 � � c o �
ovot '
o v- �'i- � /�S �Cf l Mfr
LVPVV
09 9 eL
�p v's �r rh — o p l V L119 r� ��• �o�
oioA OZ 14 ob - J,1t41 w ;a �d
- C7- pti.4ono
�sl f (AIL �Olh OM
fl
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�O/S 1
1 o 9L I r l r,
v 1/y al I LL
O�
th
A AO
�
YEAR 2003 Unit 2003 EMV
# LOCATION BUILT AREAS 2003 EMV Values to Land 2002 EMV 2002 Unit Values
1 Kohl's 1987 LAND 305,980 Land $2,500,000 $8.17 $13.60 Land $2,200,000 $7.19
2501 County Road 10 GBA 73,680 Building $1,660,000 $22.53 Building $1,660,000 $22.53
PID 02- 118.21 -31 -0056 GLA Total $4,160,000 $56.46 Total $3,860,000 $52.39
L:B Ratio 4.15 Change 7.77% Change #DIV /0!
2 J. C. Penny's 1965 LAND 79,009 Land $758,700 $9.60 $46.09 Land $2,950,000 $37.34
1265 Brookdale Center GBA 149,094 Building $3,641,300 $24.42 Building $2,480,000 $16.63
PID 02- 118 -21 -32 -0009 Total $4,400,000 $24.42 Total $5,430,000 #DIVI01
L:B Ratio 0.53 Change - 18.97% Change #DIV /0!
3 Old penneys TBA parcel LAND 15,833 Land $155,000 $9.79 $9.79 Land $149,000 $9.41
1265 brookdale center GBA 0 Building $0 #DIV /01 Building $1,000 #DIV /01
02- 118 -21 -32 -0010 Total $155,000 #DIVIOI Total $150,000 #DIV /01
Change 3.33% Change #DIV /0!
4 Marshall Fields 1966 LAND 125,017 Land $4,000,000 $32.00 $79.99 Land $4,000,000 $32.00
1100 Brookdale Center GBA 195,368 Building $6,000,000 $30.71 Building $4,360,000 $22.32
PID 02- 118 - 2132 -0011 Total $10,000,000 $51.19 Total $8,360,000 $42.79
L:B Ratio 0.64 Change 19.62% Change #DIV /0!
Improv $4,756,600
5 Mervyn's 1966 LAND 430,090 Land $3,440,700 $8.00 $13.04 Land $3,569,700 $8.30
1200 Brookdale'Center GBA 140,240 Building $2,169,300 $15.47 Building $2,040,300 $14.55
PID 02- 118 -21 -32 -0014 Total $5,610,000 $40.00 Total $5,610,000 $40.00
L:B Ratio 3.07 Change 0.00% Change #DIV /0I
6 Sears 1962 LAND 660,192 Land $5,281,500 $8.00 $11.43 Land $5,028,000 $7.62
1297 Brookdale Center GBA 180,669 Building $2,267,000 $12.55 Building $2,267,000 $12.55
PID 03- 118 -21-44 -0026 with TBA 214,824 Total $7,548,500 $41.78 Total $7,295,000 $40.38
L:B Ratio 3.65 Change 3.47% $35.14 with TBA Change #DIV /01 #DIV /01
7 Cub Grocery and Pad Shops 1999 LAND 560,138 Land $3,500,800 $6.25 $18.46 Land $3,500,800 $6.25
5245 Co Rd No 10 GBA 117,737 Building $6,839,200 $58.09 Building $7,819,200 $66.41
03- 118 -21 -14 -0035 grocery 68,850 Total $10,340,000 $87.82 Total $11,320,000 $96.15
L:B Ratio 4.76 -8.66% #DIV /01
8 Target 1986 LAND 392,920 Land $2,358,000 $6.00 $17.05 Land $2,358,000 $6.00
6100 Shingle Creek Parkway GBA 117,328 Building $4,342,000 $37.01 Building $4,342,000 $37.01
PID 35- 119 -21- 43-0009 Total $6,700,000 $57.10 Total $6,700,000 $57.10
L:B Ratio 3.35 Change 0.00 1 k Change #DIV /01
9 K -Mart / Thunder Alley 1971 LAND 517,492 Land $2,595,000 $5.01 $5.79 Land $2,587,000 $5.00
5930 Earle Brown Dr. GBA 119,332 Building $403,000 $3.38 Building $403,000 $3.38
PID 02- 118 -21 -12 -0010 Plus Mezzanine of 17,355 sq ft. Total $2,998,000 $25.12 Total $2,990,000 $25.06
L:B Ratio 4.34 Change 0.27% $172.75 w /mezz Change #DIV /0! $21.87
$100,000
10 K & G Apparel 1989 LAND 146,710 Land $1,027,000 $7.00 $12.06 Land $1,027,000 $7.00
5425 Xerxes Ave. n. GBA 44,566 Building $743,000 $16.67 Building $743,000 $16.67
PID 03 -118 -21.44 -0035 Ind Mezz of 11,920 Total $1,770,000 $39.72 Total $1,770,000 $39.72
(Recent Division, reduced Land
size) _ $200,000
Sold 2/28101 $1,140,000 US Ratio 3.29 Change 0.00% Change #DIV /01
11 Rainbow & Hlywd Video 1959 LAND 611,112 Land $3,690,000 $6.04 $11.71 Land $3,666,700 $6.00
6300 Brooklyn Blvd GBA 85,875 Building $3,463,300 $40.33 Building $3,463,300 $40.33
PID 34- 119 -21-42 -0030 Total $7,153,300 $83.30 Total $6,780,000 $78.95
L:B Ratio 7.12 Change 5.51% Change #DIV /01
12 Walgreens 1959 LAND 70,316 Land $630,000 $8.96 $29.79 Land $630,000 $8.96
6390 Brooklyn Blvd GBA 13,905 Building $1,465,000 $105.36 Building $1,220,000 $87.74
PID 34- 119 -21-42 -0029 Total $2,095,000 $160.67 Total $1,850,000 $133.05
Under Petition L:B Ratio 5.06 Change 13.24% Change #DIV /01
13 Jerry's New Market 1970 LAND 208,930 Land $1,253,600 $6.00 $6.00 Land $1,253,600 $6.00
5801 Xerxes Ave. N. GBA 30,922 Building $1,000 $0.03 Building $1 $0.03
PID 03- 118 -21 -14 -0024 Acres 4.80 Total $1,254,600 $40.57 Total $1,254,600 $40.57
Partial Int Sale land only 312002 $1,150,000
Estimate $600, 000 Bldg Repairs
needed L:B Ratio 6.76 Change 0.00% Change #DIV /01
14 Best Buy 1971 LAND 234,187 Land $1,300,000 $5.55 $11.10 Land $1,288,000 $5.50
5925 Earle Brown Dr. GBA 52,920 Building $1,300,000 $24.57 Building $1,112,000 $21.01
PID 02- 118 -21 -12 -0007 Total $2,600,000 $49.13 Total $2,400,000 $45.35
L:B Ratio 4.43 Change 8.33% Change #DIV /01
15 Tires Plus 1981 LAND 59,049 Land $354,300 $6.00 $11.69 Land $354,300 $6.00
5927 John Martin Dr. GBA 10,454 Building $335,700 $32.11 Building $335,700 $32.11
PID 02- 118 -21 -21 -0015 Total $690,000 $66.00 Total $690,000 $66.00
L:B Ratio 5.65 Change 0.00% Change #DIV /0!
f
16 Audio King 1982 LAND 69,453 Land $416,700 $6.00 $12.55 Land $416,700 $6.00
5939 John Martin Dr. GBA 14,918 Building $455,000 $30.50 Building $383,300 $25.69
PID 02- 118 -21 -21 -0014 Total $871,700 $58.43 Total $800,000 $53.63
L:B Ratio 4.66 Change 8.96% Change #DIV /01
17 The Sports Dome 1969 LAND 47,425 Land $340,000 $7.17 $18.66 Land $331,900 $7.00
2920 County Road 10 GBA 14,790 Building $545,000 $36.85 Building $428,100 $28.95
PID 02- 118 -21- 23-0019 Total $885,000 $59.84 Total $760,000 $51.39
Sold 812002 $900,000 L:B Ratio 3.21 Change 16.45% Change #DIV /0I
18 Porter Cable 1968 LAND 19,837 Land $135,000 $6.81 $13.61 Land $119,000 $6.00
4315 68th Ave N GBA 3,200 Building $135,000 $42.19 Building $131,000 $40.94
34- 119 -21 -22 -0010 Total $270,000 $84.38 Total $250,000 $78.13
Sold 1/2001 $290,000 L:B Ratio 6.20 Change 8.00% Change #DIV /01
19 Lowell's Auto/ Pacific Pools 1969 LAND 31,944 Land $218,000 $6.82 $12.62 Land $170,000 $13,475.14
4321 68th Ave N GBA 5,400 Building $185,000 $34.26 Building $160,000 $29.63
34- 119 -21 -22 -0011 Total $403,000 $74.63 Total $330,000 $61.11
Sold 11102 $450,000 L:B Ratio 5.92 Change 22.12% Change #DIV /01
20 Pearle Vision 1973 LAND 25,519 Land $216,900 $8.50 $16.34 Land $216,900 $8.50
03- 118 -21.41 -0018 GBA 6,000 Building $200,000 $33.33 Building $183,100 $30.52
5515 Xerxes Ave N NRA 4,004 Total $416,900 $69.48 Total $400,000 $66.67
L:B Ratio 4.25 Change 4.23% $104.12 Change #DIV /01 #DIV /01
21 NAPA / 2nd Wind 1970 LAND 56,646 Land $400,000 $7.06 $14.92 Land $400,000 $7.06
5810 Xerxes Ave. N. GBA 14,827 Building $445,000 $30.01 Building $350,000 $23.61
PID 02- 118 -21 -23 -0022 NRA 14,827 Total $845,000 $56.99 Total $750,000 $50.58
L:B Ratio 3.82 12.67% $56.99 #DIV /01 #DIV /OI
.: d 883' ti(�:::: >;: »::: >::: »:: i:Y:: • :a3::::
::::r:::`•: ?: .:3a2:::::::::: >: ?::z:::::::: <:>'s:::...`E 121. �:::::::: ?i: �
:;;:.;:.::.;:::.;::.;;:;:.::;:;::.;:.;::.;;;: :.:.:::.::::.::: �:::::::::::::.::::::::::::. �:::.: �:::. �::::::::::::::::. �:: ::::.::::7of81: >:<: >:<: > >:«:: >• 78:4 ...... >.
-5.26% #DIV /01
G:1DeptsV ASSESS %SPREDSHT1Assessor12003cia stall Stores.XLSI: New Imo. - $4.753,600 New Imp. - $300
`- 05/05/2003 16:02 9525458691 CPA_OFFICES PAGE 01/01
ERW Management LLC
15100 Stone Road
Wayzata, MN 55391
May 5, 2003
Nancy Wojcik
City .Assessor
City of Brooklyn Center
6301 Shingle Creek pkwy.
Brooklyn Center, MN 55430
RE: 5615 Brooklyn Blvd.
Dear Nancy:
I wish to appeal the 2003 Valuation of 5615 Brooklyn Blvd. to the Hennepin
County Board of Appeal and Equalization. I feel the value should be lower and I
will be unable to attend the meeting tonight.
'hank you.
Sincerely,
Eugene R. Wright
PROPERTY DATA SYSTEM
TAXPAYER INQUIRY CURB 319
PROPERTY ID NEXT _
03- 118 -21 -42 -0030
Pt.Con: Mt.Adr:
HOUSE# FRACTION STREET NAME UNIT ZIP +4 Front: 178 Back:
5615 1/_ BROOKLYN BLVD 55429+ Right: Left:
Owners: GEDI - DAMANA FAMI LY LTD PTN Owner3:
Owner2: Owner4:
Zoning: C1 Prim /sec: Yr.blt: 1987 Area: 32437 Acres: .69
Sch.Dst: 281 Wshd: 00 Gr /Os /Ex: Subrecs: 01 Width: Depth: 175
Mkt -Land Mkt -Bldg Mkt -Mach Mkt -Tot Tx Capacity Hd PT %Own
2003: 160000 430000 590000 11050 C 0
2002: 150000 360000 510000 9450 C 0
2001: 150000 320000 470000 8650 C 0
Legal Description: __= NO LOT AND BLOCK GIVEN =__
REGISTERED LAND SURVEY #1547
TRACT B REGISTERED LAND SURVEY 1547
Type PID or ADDRFSS, press ENTER: or F1. F2. FR
PROPERTY DATA SYSTEM
LIMITED MARKET VALUE INQUIRY CURB 318
NEXT _
PID 03- 118 -21 -42 -0030 ASSESSMENT YEAR 2003 SUB -REC 01
HOUSE# 5615 F/A 1/_ STREET BROOKLYN BLVD UNIT
CALCULATE LMV (Y /N) PROPERTY TYPE C HMSTD CODE
PART CONST GR /OS /EX REL HMSTD IND
CONTIG IND
MARKET LAND VALUE 160000
MARKET BUILDING VALUE 430000
MACHINERY VALUE
TOTAL MARKET VALUE 590000
IMPROVEMENT AMOUNT
LIMITED MARKET VALUE 590000
QUALIFYING IMPROVEMENT AMOUNT -
MARKET VALUE SUBJECT TO TAXATION 590000
TAXABLE MARKET VALUE TAX CAPACITY 11050
Make chanaes: press F.NTFR= gr F1. F ?. F4, F5. F8
SMALL OFFICE BUILDINGS
Brooklyn Center, Minnesota
2003 UNIT 2003 EMV: 2002 UNIT 2002 EMV:
NUMBER LOCATION AREA 2003 VALUES LAND 2002 VALUES LAND
1 Steen Engineering LAND 34,160 [q Land $165,000 $4.83 $11.58 $153,700 $4.50 $9.93 Land
Built 1965 5650 Lilac Dr N GBA 3,894 [q Building $230,700 $59.24 $185,500 $47.64 Building
1 Story 02- 118 -21.42 -0032 NRA 3,894 [q Total $395,700 $101.62 $339,200 $87.11 Total
Sold 11199 $330,000 LB Rwa 8.77 111 $101.62 NRA pa [/] $87.11 NRA per [q
Change in EMV 16.66% 10.27% Char
2 King - Office LAND 8,568 [q Land $45,000 $5.25 $18.09 $32,000 $3.73 $14.01 Land
Built 1930 902 53rd Ave N GBA 3,000 Building $110,000 $36.67 $88,000 $29.33 Building
1 Story 01418 -21.34 -0081 NRA 1,500 in Total $155,000 $51.67 $120,000 $40.00 Total
Sold 812002 $150,000 L B Rwe 2.86 [q $103.33 NRA per [/l $80.00 NRA per [/1
Listed 11/2002 $174,900 Change in EMV 29.17% 11.11% Chan
3 M[lavetz LAND 29,800 [q Land $150,000 $5.03 $14.78 $89,400 $3.00 $11.51 Land
Built 1966 1915 - 57th Ave. N. GBA 6,049 [q Building $290,500 $48.02 $253,700 $41.94 Building
1 Story 02- 118 -21.42 -0115 NRA 4,588 [q Total $440,500 $96.01 NRA per [q $343,100 $56.72 NRA per [q Total
0034 Sold off excess land $150,000 f.:BRVi. 4.9311 excess Ind w /0034 w10034
NewPID'2002 Change in EMV 28.39% #VALUE! Char
4 '- 5615 Building LAND 30,056 [q Land $160,000 $5.32 $19.63 $151,000 $5.02 $16.97 Land
Built 1987 5615 Brooklyn Blvd. GBA 9,425 [q Building $430,000 $45.62 $359,000 $38.09 Building
2 Stories 03 -118 -21-42 -0030 NRA 8,136 [q Total $590,000 $62.60 $510,000 $54.11 Total
l: B Rmk, 119 (q $72.52 NRA per in $62.68 NRA per [1[
Sale 1/96 for $374,000 or $38.901q. Change in EMV 15.69% 8.51% Chan
5 Brooklyn Peace Center LAND 46,613(l Land $245,000 $5.26 $16.43 $233,000 $5.00 $13.64 Land
Built 1980 5637 Brooklyn Blvd. GBA 14,973 Building $520,800 $34.78 $403,000 $26.92 Building
3 stories 03 -118 -21.42 -0028 NRA 11,900 Total $765,800 $51.15 $636,000 $42.48 Total
Sold Dec. 1998 for $625,000. LB R.W 3.11 [q $64.35 NRA per [q $53.45 NRA per [�
Charge in EMV 20.41% 19.03% Chan
6 Brookdale Ten LAND 43,450 [q Land $305,000 $7.02 $18.09 $305,000 $7.02 $17.79 Land
Built 1966 5740 Brooklyn Blvd. GBA 13,58611 Building $481,100 $35.41 $468,000 $34.45 Building
2 stories 03- 118 - 2144-0001 NRA 11,548 [q Total $786,100 $57.86 $773,000 $56.90 Total
Sold 8/2000 $550,000 LB R.ua 3.20 [q $68.07 NRA per [/1 $66.94 NRA per (q
not open market Change in EMV 1.69% 0.99% Chan
7 Brooklyn Crossings U LAND 181,754 M Land $908,800 $5.00 $10.68 $908,800 $5.00 $10.65 Land
Built 1987 3200 County Road 10 GBA 21,600 [0 Building $1,032,600 $47.81 $1,026,600 $47.53 Building
1 story 03- 118 -21 -14 -0034 NRA 21,600 [1 Total $1,941,400 $89.88 $1,935,400 $89.60 Total
ua RYb 8.41 [1 $89.88 $89.60
Change in EMV 0.31% 5.77% Chan
8 Brookdale West Professional Building LAND 64,422 [q Land $322,000 $5.00 $16.07 $266,000 $4.13 $14.49 Land
1968 5901 Brooklyn Boulevard GBA 19,847 [1 Building $713,200 $35.93 $667,200 $33.62 Building
2.5 Story 03418 -21 -12 -0001,13- 0001 NRA 15,958 [q Total $1,035,200 $52.16 $933,200 $47.02 Total
C -1 Sold 1977 for $511,200. ue RaW 14 $64.87 NRA per 11 $58.48 NRA per [q
Sold 312000 for $920,000 57.65 Charge in EMV 10.93% 0.77% Chan
Centerbrook Office
9 (Brown & Co) LAND 35,200 [q Land $176,000 $5.00 $15.34 $176,000 $5.00 $15.10 Land
Built 1970 5930 Brooklyn Blvd. GBA 10,692 [q Building $364,000 $34.04 $355,600 $33.26 Building
2 Stories 03418- 2142 -0006 NRA 8,125 [q Total $540,000 $50.51 $531,600 $49.72 Total
Sold 5/2000 $525,000 VS R.W 3.29 N $66.46 NRA per [/1 $65.43 NRA per [/l
64.62 Change in EMV 1.58% 10.31% char
10 Kruger Gallery HOmes LAND 24,231 in land $121,200 $5.00 $8.00 $121,200 $5.00 $7.88 Land
Built 1933 6045 Brooklyn Blvd GBA 1,097[11 Building $72,700 $66.27 $65,000 $59.25 Building
2 Story 03 118 - 21 - 12 - 0087 NRA 1,097 [q Total $193,900 $176.75 $186,200 $169.74 Total
uB R. 22.09 [q $176.75 NRA per [q $169.74 NRA per [q
Change in EMV 4.14% 12.71% Chan
11 6500 Building LAND 40,950 [8 Land $225,000 $5.49 $9.92 $200,000 $4.88 $9.46 Land
Built 1972 6500 Brooklyn Blvd. GBA 10,680 V) Building $181,400 $16.99 $187,200 $17.53 Building
2 Stories 34- 119 -21 -13 -0084 NRA 9,100 in Total $406,400 $38.05 $387,200 $36.25 Total
Sold 412001 $380,000 L:e Ram 3.83 Iq $44.66 NRA per [/] $42.55 NRA per [/)
4.96% 15.58% Value Chg p
12 Remax Building LAND 80,900 [q Land $404,500 $5.00 $8.07 $404,500 $5.00 $7.42 Land
Built 1979 7240 Brooklyn Blvd. GBA 9,920(l Building $241,100 $24.30 $189,000 $19.05 Building
2 stories 28- 119 -21-41 -0204 NRA 7,50014 SC Total $645,600 $65.80 NRA per [/) $593,500 $60.54 NRA per [/1 BC Total
Addl. Brk. Park Parcel -14 -0006 L:BR- 8.16 [q Total* $652,700 $87.03 NRA per (q $600,600 $80.08 NRA per (/j Total*
B. Park parcel valuation is - $7,100 Indudes value of B. Park parcel ' dndudes Val
Sold 12/99 $553,900 multiple PID's Change in EMV 8.67% 13.99% char
OFFSMALL2003 05/05/2003
2003 UNIT 2003 EMV: 2002 UNIT 2002 EMV:
NUMBER LOCATION AREAS 2003 VALUES LAND 2002 VALUES LAND
13 7100 Corp PlazatCredit Union LAND 44,382 [4 Land $304,500 $6.86 $22.61 $222,000 $5.00 $21.62 land
Built 1986 7100 Brooklyn Blvd GBA 12,160 [4 Building $699,000 $57.48 $737,700 $60.67 Building
2 story 27- 119 - 2133 -0097 NRA 11,190 [4 Total $1,003,500 $82.52 $959,700 $78.92 Total
Sold 1991 for $1,275,000. Ls R.m 3.65[4 $89.68 NRA per [/] $85.76 NRA per M
Sold 712001 for $950,000 Change in EMV 4.56% 7.27% Char
14 Brooklyn Group LAND 53,240 [4 Land $250,000 $4.70 $18.72 $213,000 $4.00 $16.44 Land
Built 1988 2800 Freeway Blvd. GBA 13,936 [4 Building $746,400 $53.56 $662,400 $47.53 Building
2 Stories 35- 119 -21 -22 -0052 NRA 12,550 M Total $996,400 $71.50 $875,400 $62.82 Total
L.�e Rw 3.82[4 $79.39 NRA per [4 $69.75 NRA per [/]
Change in EMV 13.82 20.35 Chan
15 Salvation Army LAND 78,843 [4 Land $400,000 $5.07 $400,000 $5.07
Built 1981 2300 Freeway Blvd GBA 14,796 [4 Building $616,700 $41.68 $616,700 $41.68 t
1 Story 35- 119 -21 -24 -0005 NRA 14,796 [4 Total $1,016,700 $68.71 $1,016,700 $68.71
La FtWo 5.33 [4 $68.71 NRA per (4 $68.71 NRA
Vacant/comes off exempt for 2002 Change in EMV 0.00%
16 State Farm Building LAND 80,067 [4 Land $475,000 $5.93 $11.44 $475,000 $5.93 $11.11 Land
Built 1986 Shingle Creek Parkway GBA 12,008 [4 Building $441,300 $36.75 $414,400 $34.51 Building
2 story 02- 118 -21 -21 -0002 NRA 9.990(4 Total $916,300 $76.31 $889,400 $74.07 Total
LB R. 6.67 [4 $91.72 NRA per [4 $89.03 NRA per [/[
Change in EMV 3.02% 3.94% Chan
Average,Sialef?rice,per :NRASF .Land.'.`, 797,79$ -Land;,, $4;657,000,: $5'.8.8. $11,23; ;r :$5 $9. :- .;;,$11.$3'.Land: ....
$6792. Bug din g.:_ 162,867.,. 0 Ad ind $7;1.71500 ':$44:03 $$;t379;Q00 $41,i)�... Oulldiug:`'
- :138fi76:.< < Total . $1'1,8285Qd '.. "$85:30:;. .; , :;.::.;,:. ,' $;aA729;0D ': , $ >< >: 'i.`z: _:;: Total ".
6 YMy4tFSSE - _
Cfra
7 24% 95% Ch in
M EA4V 16
OFFSMALL2003 05/05/2003
INCOME WORKS 2003 PAY 2004
PID 03 -118 -21-42 -0030
PROJECT NAME 5615 Building
ADDRESS 5615 Brooklyn Blvd.
ZONING C2
OWNER
PROPERTY TYPE - Office GROSS LEASED
2 Stories
YEAR BUILT Built 1987 INCOME ANALYSIS
GROSS BUILDING AREA 9,425 OFFICE INCOME $100,860
NET RENTABLE AREA 8,405
MISC. INCOME $
OFFICE AREA 8,405 PGI $100,860
0
LESS: VACANCY $6,052
OFFICE RENTAL RATE $12.00 Note: no vacancy allowance to misc. income.
EGI (before concessions) $94,808
Miscellaneous income $0.00
LESS: RENT CONCESSIONS $0
VACANCY ALLOWANCE 6.00% FREE RENT $
SQUARE FEET VACANT 504
SQUARE FEET OCC. 7,901 EGI $94,808
°/° OF EGI
RENT CONCESSIONS 0.00% LESS: EXPENSES $23,114 24.38%
FREE RENT 0.00% LEASING $4,477 4.72%
TURNOVER RATE 35.00% TENANT IMPROVEMENTS $2,930 3.09%
TENANTS REMAINING 65.00% RESERVES $2,844 1 3.00%
AV. LEASING PERIOD 3 MANAGEMENT $4,740 5.00%
TOTAL EXPENSES - $38,105 40.19%
EXPENSES /SQ.FT. $2.75 NOI $56,703
MANAGEMENT 5.00%
TENANT IMP. COST - NEW $9.00 11CAPITALIZED VALUE $590,000
RENEWAL $2.00 rounded
EXPENDABLE VAL. OF TI 25.00% PER SQ.FT. GBA $62.60
PER SQ.FT. NRA $70.20
RES. FOR REPLACEMENT 3.00%
EXPENSE RATIO - 40.19%
LEASE COMMISSIONS -NEA $3.00 SQ FT LAND AREA - 30,056
RENEWAL $1.00 SQ FT EFFECTIVE TAX RATE 3.1700%
2002 EMV $ 510,000 54.11
CAP RATE 9.50% PERCENTAGE CHANGE - 15.69%
TAX RATE (100 %) 0.19% land value $ 160,000 5.32
OVERALL RATE 9.69% building value $ 430,000 51.16
G: 1DeptsI4SSESSISPREDSHT14ssessor12003c ra1jOFFSMALL.XLSJ4 -5615 Bldg LAND TO BUILDING RATIO
3.19 :1
05/05/2003
CITY ASSESSOR a REAL ESTATE DATA Construction Basement Parking Apartment Breakdown `
Property Name Print Date 04/03/00 A) Steel Frame 1 Basement 1 1/6 Ramp 1 Number Type Area
5 615 P B 1 d a B) Rein. Conc. 2 Bsmt. Use Code 12 Surface 2 Eff
PID # Prop Type: C) Conc. Blk. 3 X Plumbing Underground , fA 1 Br
03-11 8 -2 1 - 49- 0 0 0 A G D) Wood Frame 4 Above Average 1 # of Sp NN 2 Br
Property Address: S) Pre -Fab 5 Average 2 X Area 1 14' 3 - 3 Br
56 BROOKLYN BLVD Ot her 6 Below Average 3 Garage TOTAL: AVG:
Exterior Walls Electrical Floor Area Rents as of /
Owner Brick 1 X Above Average 1 # of Spaces Actual Type Economic
GEDI— DAMANA FAMILY LTD PTN Stucco 2 Average 2 X Rent @$ Eff
Taxpayer Wood 3 Below Average 3 Detached 1 1 Br
Metal 4 Height Underground 2 2 Br
Concrete 5 Aver /Story 1 1 0 Attached 3 3 Br
Legal Description Glass 6 # of Stories 2 .0 Sprinkler System A V G
LOT BLOC Other 7 Clear Height .� —% of Area 0 1 0 (F Rental /Expense Information
REGISTERED LAND SURVEY #1547 Roof structure Elevator Pool Gross Income $
Wood 1 None Indoor 1 Vacancies , 0 0 OP/
Land Data Construction Quality Steel 2 Y X Quantity 1 Outdoor 2 Eff. Gross Income $
Frontage 1 Excellent 4 Precast 3 Security Stem Flat Charge: Operating Expense $
(Depth 1 76 3.5 Other 4 Yes 1 Add. Net Income $
Area /Sq. ft. 32437 Good 3 Roof Cover No Q 2 'X Sub. Cap Rate .
Irreg. Shape YES 2.5 X Pitch & Gravel 1 J CDE. GRM .0
(zoning C 1 Average 2 Wood Shingles 2 BUILDING PERMITS Rent /Sq. Ft. $ .00
(Area Rating 3 1.5 Asp. Shingles 3 / / Interior Inspected
Site Rating 3 Low 1 Insulated Roof 4 No Date Yes r 1
i allow Un/Ar Use Codes Other 40—'k, 5 4, :_ �,? _ = No �S 3 2
�f( -.
Trackage 1 3 100 % Heating Type Value $ Date -4+,'
Yes 1 2 00 0 % Electric 1 % Appraiser Initials
No 2 I X 3 . 000 % Forced Air 3 % No. Date / / Cash Equivalency Sates Daft
Sewer 4 000 % Hot Water 4 % Date 031 1992
Yes 1 I X Arch. Appeal Space 6 % Type Value $ Price $ U 2 S 0 0 0
No 2 Excellent 1 Pkg Unit 1 % Date 01/ 199
Water Very Good 2 H& C Air �Z_ 10 T Price $ 3 T 4 0 0 0
Yes 1 I X Average 3 X Other ( #) % % COMMENTS 50 / LINE 09 /50
No 2 Fair 4 Building Area �/
Street Undersirable 5 F.F. Area 4520 S, 7 .y P•N
Yes 1 I 8 1 36 X Depreciation G.B. Area 9495
r ,)
No 2 Functional % N.R. Area I ra 1", t �/ / '}/ Oc t) v Frey r
Excess Land Economic % Mezzanine Q
Yes 1 Physical % PerimetTik 2B2
No 2 Ix Const. Year 1 987 ,;; q� Q �. /
Needs Soil Correction Effective Year
1 Air Conditioning j `� t ` -`�� ) v(/ �(��, ^'s
Yes 1 I F(EN()�Condition ; 00 Package 1 X (• �a
No 2 X Excellent 1 Central 2 1Jj�J 1• I %ff.' ! p l �1;� ' LP r ✓� i° ` S _ . `:
Good 2 X Wall 3 . /n/
Average 3 % of Area A/C 01 00 % pi �� C 1' .� � �• .� t% �.
Fair 4 i 1 /
Poor 5 j" % �•( ��`•', .9 ) f
BOARD OF EQUALIZATION
CITY OF BROOKLYN CENTER
May 5, 2003
7:00 P.M.
Walk -In Registration Form
Name �U�- /� A Phone
Address
Property Identification Number
Date of Purchase ` /7 YRS &0 Purchase Price M
Have you done any remodeling or updating since purchase? (Description & Cost)
Concern(s) C r E AT EA S6 IV ZLIS
2003 Estimated Market Value
2003 Limited Market Value
CITY ASSESSOR - REAL ESTATE DATA 1I.M.1 510 ► i i + E 1ge ( Unfinished GBA
1. 1). Number Dwl. Type Bsmt. Area Kit. Rating a 947 Untin. l" GBA
10-118-21-21-0038 SF Sy Ft 1 170 1 Excellent l I Eltective i
°,
Neighborhood 5 Zoning R 1 1 Very Good 2 Functio I o a ntin. 2n GB
1Ai A '
Property Address Craw I Standard 3 u/$1 _ 'Q V
5239 TWIN LAKE 8LVD E i^�. �lnifhe in Substandard 4 �� l a tal Untin.GBA
1,
Model i , O1 °. o V/ � Obsolete S I Yes 1 I
Owner �j` /�j/ A-/U 10 b No /" Interior Interior Condition Dimensions
/ �Akl: aster l X� Plaster I /X Excellent
PAUL 8 - OMAN Bs �i 1 °
Legal LOT 3 BLOCK 4 ��/ , t v eetrock 2 1 Sheetrock 2 Good Fl 2 24 x 30 720
TWIN LAKE MOODS U "' / Paneling 31 1 Paneling 3 Ayerit4� / 3 16 x 6 = 96
Neighborhood Rating Dormers Deck Baths." y Trim Trim Fairl-�Z-�` ew ., 4 - r V
Very Good 1 Xength I I Area Spa 1 Hardwood 11 I/ X 1 Hardwood 1 1 X Substandard #J' S C,p� f
-- 3 x 5j = Is
Good 2 X' Finish 2 Delux� woo 2 ( 1 Softwood 2 �VU
Average 3 Construction Qt�dity 1 -5 I Full �. Other'
d 3 I I Painted 3 House Room Count I t x 24 = 288
Fair 4 Wood Frame 1 JJ( Patio -. / '� 4 I Other 4 Total Rooms 1
Substandard 5 I M_ asonry Walls 2 Area ! 1 Floor Floor / Bedrooms 3 3 x 1 = 51
Site Rating ther 3 haqg 3 2 o_d 1 X I b'r'ood 1 I X Family / 1
Very Good t I Quality 1 - 5 ( Qu lity 1 - 5 et 3 I Carpet 2 ( Living / 1 x -
Good 2 I Exterior Walls/Trim Porch I T,rl.�e 3 Other 3 Dining ./ 1
Fair 3 1 Stone 1 Glazed Area ! Fireplace ,ltoncrete 4 I 1 kitchen 1 x -
Minimum 4 I 1 Brick 2 l # of Baths Baths Other / 3
Adi. Prop. Influence I Stucco 3 Ouality I - 5 I I None Spa Spa I Total Baths - I" Fl Area
Positive l I Wood 4 _ / Screened Area ( Quality 1- 5 3 Deluxe i Deluxe i / # of t / s► AM 1
Eoual 2 Metal Y I Elec. Service Full /� I Full .1/1 Sales 2 "d Fl Area
Negative 3 1 Masonite Quality I- 5 1 1 Standard X '/. 1 ': 1 1- Date 1 q_ 9 A AA 941
View I Other 7 Open Area Substandard ? f :! 1 ': I I - Price 105000 G.B. Area
Positive I I )C4 Vinyl 8 I Heating / I Bath Rating Bath Rating / 1 7A?
Eoual 2 I Oualitv I - 5 I Hot Water l 1 1 I Quality I- 5 V3 Quality I- 5 3 1- Code 4 Partial Const. Interior Ingwx .
Negative 3 1 RoofTv_oe Garage #1 1 Forced Air 2 1 I 2- Date Yes 1 Yes I X
Arch. /Appeal I Gable 1 I Floor Area 26 01 Electric 3 1 Fireplace / Fireplace 2 - Price I No 2 ,
Excellent 1 ! Hip 2 Gravitv 4 1 # of / / 1 = of Le t Tae: Yes No
Very Good 2 I Mansard 3 1 Ext. Wa w U I Other 5 1 None ✓ None 2 -Code - - ;r Charge
Average. X I L�ambrel 4 1 Numbe � T I Ouality 1 - 5 '1 3 ! Ouality 1 - - Date 1 ��1 .
Fain 4 Flat 5 Condit A Bsmt. Room Coutlt" I 1 Room Count I 2 ° Room Count/ 3 - Price �' �
Sub54Snd 5 Roof Cover Ached YI ' Total Rooms R! Total Rooms 31 Total Rooms S Sub
uIrkivasls S files 1 etached 2 Bedrooms /! Bedrooms ! Bedrooms �'� 3 - Code
d Shakes 2 Ti?�k, 3 Family .I Family I 1 Other I/ 2 t Inspection t o
?�C, 3 - thlt`[n 4 rte No./ ermit Date 0014
pp � Kitchen I Living i 1 i APP r.
Shape I Slate Tile 4 i' Garage #2 1 Other 1 Dining /r
\t Q 1 I I J
-Windows door Area 33 1 ` Kitchen ate A I r i g }- � r6 Last l t. n5 1 447 A X A i -
g _ Lam-- 2 1 ement i I I Other I Standard 1 X 1 4' ""' UP 1Z f. v
C _ U - - •3! - 4 -- " Dbl. Hun, 2 1 1A Ext. WaE I 1 I Non- Standard 3 l/ - Land CharaFferistics
D - Irreg. 4 1 1 Gliders 3 NuntbA J I Paved Street 1 1 I Frontage AO
Stvle I Awnin; 4 Condit I I P I�r _ Curbs 2 1 Lett
i Story l Patio Doors Attached A' 1 Notes Sidewalk 3 1 Rear
SE /SF 2 #of Daiaci*d" 2 / BRYANT s F Sewer Avail. 4 Right
Split Level 3 I Walkout Tuckunder 3 I /X - 1 .. Water Avail 5 � I Eff. Width 1 90
1 '/0 4 1 Quality I - 5 Built -In 4 1 h.+ !a w .+ ;, Gas 6 1 Eff Depth 242
1 'r2 5 1 / I Pool _i AU G 1$4!r�0c.
/< 7 I Area 171 {4
1 ' 6 X V Air Conditioning r4rea Ailey 8 I Irreg Shape Y
2 Story 7 `1 Yes 1 �/ r On River 9 On Lake 1
Other 1 8 1 No 2 I LX Quality 1 - 5 I v ' /' !` t a e 4 2 ./ . i ,% River Rating 10 Lake Rating —
Other 2 9 ► + r { ^ Wooded I 1 Landscape
Other 3 t0 l V ° • 1 `' Influences 12 Acreage 00
Other 4 1 1 , � � I
Print Date: 04/21/00
1 W99 7_ A4k-�halt4
U Y
1 9 j 13
!t9
9 31
3
IMPROVEMENT VALUE GIMP 19 IMPROVEMENT VALUE COMP 19
ADDITIVES SECTION AREA RATE VALUE ADDITIVES SECTION AREA RATE VALUE _
Item No. Value Residence Item No. Value I Residence _
Fireplace Fireplace
Patio Doors Patio Doors k _
I -
Walk -out Walk -out _
Bsm't Finish Bsm't Finish
Brzway Brzway
2 Fix -Bath 2 Fix -Bath
3 Fix -Bath Garage 3 Fix -Bath Garage
4 Fix -Bath 4 Fix -Bath
Porch Porch
' Air Cond. Air Cond.
TOTAL Additives TOTAL Additives
Total Replacement Total Replacement
Less Depreciation % Less Depreciation %
Total Value Improvements Total Value Improvements
Land Value Land Value
Total Est. Market Value Total Est. Market Value
PROPERTY DATA SYSTEM
TAXPAYER INQUIRY CURR 319
PROPERTY ID NEXT _
10- 118 -21 -21 -0038
Pt.Con: Mt.Adr:
HOUSE# FRACTION STREET NAME UNIT ZIP +4 Front: 80 Back:
5239 1/_ TWIN LAKE BLVD E 55429+ Right: Left:
Ownerl: OMAN PAUL S Owner3:
Owner2: Owner4:
Zoning: R1 Prim /sec: Yr.blt: 1947 Area: 17144 Acres: .00
Sch.Dst: 281 Wshd: 00 Gr /Os /Ex: Subrecs: 01 Width: 90 Depth: 202
Mkt -Land Mkt -Bldg Mkt -Mach Mkt -Tot Tx Capacity Hd PT %Own
2003: 100000 166500 266500 1866 H RL 100
2002: 67300 112500 179800 1546 H RL 100
2001: 67300 109200 176500 1405 H RL 100
Legal Description: LOT 3 BLOCK 4
TWIN LAKE WOODS
TVDe PID or ADDRESS: press ENTER: or F1. F2. F8
PROPERTY DATA SYSTEM
LIMITED MARKET VALUE INQUIRY CURR 318
NEXT _
PID 10- 118 -21 -21 -0038 ASSESSMENT YEAR 2003 SUB -REC 01
HOUSE# 5239 F/A 1/_ STREET TWIN LAKE BLVD E UNIT
CALCULATE LMV (Y /N) PROPERTY TYPE RL HMSTD CODE H
PART CONST GR /OS /EX REL HMSTD IND
CONTIG IND
MARKET LAND VALUE 100000
MARKET BUILDING VALUE 166500
MACHINERY VALUE
TOTAL MARKET VALUE 266500
IMPROVEMENT AMOUNT 27100
LIMITED MARKET VALUE 200200
QUALIFYING IMPROVEMENT AMOUNT - 13600
MARKET VALUE SUBJECT TO TAXATION 186600
TAXABLE MARKET VALUE TAX CAPACITY 1866
Make chanaes: Dress ENTER: or F1" F9, F4, F5. F8
PROPERTY DATA SYSTEM
QUALIFYING IMPROVEMENT INQUIRY CURR 315
NEXT _
PID 10- 118 -21 -21 -0038
HOUSE# 5239 F/A 1/_ STREET TWIN LAKE BLVD E UNIT
STATUS
APPLICATION PERM QUAL OLD VALUE MAX EXC MAX Q IMP EXP CHANGE
NUMBER YEAR YEAR NEW ADDED AGE AMOUNT % AMOUNT YEAR ST MM /YEAR
20011 2002 2003 N 027100 055 25000 050 13600 2013
i
TOTAL 0027100 TOTAL 0013600
i
QUAL IMP AMT remains constant for years 1 -10. After 10 years, the excluded
value is added back to the assessment at 50% in years 11 -12 if value is equal
to or less than $10,000; or at 20% in years 11 -15 if value is greater than
$10,000. This rule applies unless ownership changes.
Make chanaes: oress FNTF_R; or F1, F2. F5, F7, F8
PROPERTY DATA SYSTEM
COMPUTER AIDED APPRAISAL INQUIRY 05/05/03 CURR 436
NEXT _
PROPERTY ID: 10- 118 -21 -21 -0038 YEAR: 2003
ADDRESS 5239 TWIN LAKE BLVD E CLASS: B07 DT: SF
STYLE 1 - 3/4 STORY MANUAL: NO
GBA 1782 (SQ.FT.) AGE: 38 YRS ZONED: R1
BASIC RATE $ 83.71
ADJ. RATE $ 86.22 -> EXT. WALL: % ( +) SHAPE: 3.0% ( +)
ADJ.RATE *GBA: $ 153644 -> ADD BSMT $ 11700 = 1170 SgFt @ $10.00 Rate
-> DED UNF.GBA: $ = SgFt @ $40.00 Rate
ADJUSTED TOT: $ 165344
ADDITIVE AMT: $ 27016 -> GARAGE 6534 DORMERS: PAT.DOORS:
-> WALKOUT: AIRCOND: DECKS
-> PATIOS': PORCHES: POOLS
-> BATHS : 8000 FIREPLC: 4000 FIN.BSMT.: 8482
TOTAL COST $ 192360
ADJUSTMENTS 85.3% -> DEPRECIATION: 85.3% INFLUENCES: %
-> FUNCTIONAL ECONOMIC : %
BLDG VALUE $ 164000 BLDG MARKET VALUE $ 166500
FLAT CHGS $ 2500 LAND MARKET VALUE $ 100000
TOTAL MARKET VALUE: $ 266500
TVDe PID. Press ENTER: or F1. F2. FS
PROPERTY DATA SYSTEM
SALES RECORD INQUIRY CURR 308
PROPERTY ID -------- - - - - -- Address --------- - - - - -- NEXT _
10- 118 -21 -21 -0038 5239 1/ TWIN LAKE BLVD E
SALE TYPE SALES
DATE PRICE OF SALE RATIO REMARKS
2/1990 105000 4 P= 878.36
/
/
/
Press F1. F2. F5, F8
PROPERTY DATA SYSTEM
SALES COMPARABLES DATA REQUEST CURR 337
PROPERTY ID YEAR --- - - - - -- Subject Address ----- - - - - -- NEXT _
1011821210038 2003 5239 TWIN LAKE BLVD E
Sel Comparables Address Sale Date Sale Price Wgt Insp
1011821210039 5233 TWIN LAKE BLVD E 11/02 285000 98 Y
1011821140078 5019 ZENITH AVE N 04/02 160000 85 Y
1011821140052 3301 49TH AVE N 08/02 157500 85 Y
3311921430020 6136 SCOTT AVE N 02/02 175000 85 N
2711921420041 3724 WOODBINE LA 06/02 173000 83 N
0311821230022 5715 MAJOR AVE N 06/02 182000 83 N
1011821140040 4912 ABBOTT AVE N 08/02 137900 83 Y
3311921440046 6113 PERRY AVE N 09/02 170000 83 Y
3411921330039 6212 LEE AVE N 01/02 150000 83 Y
1011821320014 4701 LAKEVIEW AVE 07/02 162500 82 Y
1011821320009 4106 LAKESIDE AVE 07/02 150000 82 N
0311821130035 5827 EWING AVE N 06/02 163000 82 Y
Enter order of selection then nress ENTER, or F1. F8
BOARD OF EQUALIZATION
CITY OF BROOKLYN CENTER
May 5, 2003
7:00 P.M.
Walk -In Registration Form
Name' I' ( �� Phoned 3
'Address / 3 1
Property Identification Number
Date of Purchase h 1v Purchase Price
Have you done any remodeling or updating since purchase? (Description & Cost)
A -- ZoTwv T rM (� i 'z%v\
Concern(s) .T k A;,.� po. > v. �• .sz ^4 s�'tt�.
Alt
2003 Estimated Market Value ( 4 C ( (X)
2003 Limited Market Value
CITY ASSESSOR - REAL ESTATE DATA
1. D. Number Ma
`M"07MM03 Age Unfinished GBA
Dvv 1. Type Bsmt. Are Kit
— $ 4 - 2 _7 . Rating Actual Unfin. 1
_SF j Sq Ft 1616 EExcellent 7 cilent 11 Effective
Sa Zoning R I I ? I
Pro per (fdress Vcr Good - Functional V Unfin. 2" (jBA
I Cralxl'islab i Siandard 3 i
Ec6nomi
WILLOW LA IN f Subqtandard 4
'1: del Unfin BA
per h Obiolete 5 Yes
N Interior X, Interior on
_M R KENNY t. 3u tv/ 'luMrilplaster I J I/ X I Pla�ter I Exc el lent Dimensions
c'_"d LOT
L flent I
Umi_ 6 BLOCK 4 �iheetrock 21 L"Sheetrock 2 Good 2 1 1 32 x 42= 1344
PaneliI12 3 Panelini! 3 Avera2e 3 1
Neighbor,) rs X 7 x 16 ZTt
I Area "Baths Trim Trim I Fair 4 1 uu
Spa I Hard�kood I Xj Hard�%cod I Substandard 5 1 X
I Sot!N�ood 21
2 1 1 3 Deluxe SoftNwod
AN cra'_'c t I I Construction /I Quality 1 F'
Fair I Painted 3 1 Painted I House Room Count x
I Wood Frame t7 Wi ther I Other 41 1 Total Rooms
Substay.,',;rd �� 1 4
I Masonry Walls Area Floor Floor
'14i M I I Bedrooms
Site Rating I Other 3 Bath atin I x
Qua 1 5 �AV()od I Familv
Very (joo,j Qua it I - \ I WOO d
V Came
Bath
Good ExteriorWalls/Trim I "f o a t � ' I I Living X
f�h I Dinin-a tle Fair I Stone I GI Firenla
Minimum V 120 1 Concrete 41 1 1 Kitchen
I Brick of Baths I Total Baths I" Ff Area Baths I Other
Adi. Prop, Influence i Stucco % 41
f" � �';! � C : I I I
e
d, �re Qualit% i - i Deluxe I Delu�'- of
I uaal I Wood 4 :S'� er None
Metal i I I I Elec. Service
f F!dl Flu! Safes 2" Ff Area
Masonite 6 1 Qualitv I - 5 1 1 Standard
iel� I Other 7 1 Open Area I Substandard ate 199712
I Price 1 0C)000j G.B. Area
Heating Bath Rating
Equal A Vim 1 8 1 Bath Rating Isis
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PROPERTY DATA
SYSTEM
TAXPAYER INQUIRY CURR 319
PROPERTY ID NEXT _
25- 119 -21 -44 -0023
Pt.Con: Mt.Adr:
HOUSE# FRACTION STREET NAME UNIT ZIP +4 Front: Back:
7036 1/_ WILLOW LA N 55430+ Right: Left: 141
Ownerl: KENNY WILLIAM R Owner3:
Owner2: Owner4:
Zoning: R1 Prim /sec: Yr.blt: 1958 Area: 20600 Acres: .00
Sch.Dst: 11 Wshd: 00 Gr /Os /Ex: Subrecs: 01 Width: Depth:
Mkt -Land Mkt-Bldg kt -Mach Mkt -Tot Tx Capacity Hd PT %Own
9 P Y
2003: 80000 160900 240900 1987 H RL 100
2002: 52800 142900 195700 1768 H RL 100
2001: 52800 118100 170900 1602 H RL 100
Legal Description: LOT 6 BLOCK 4
NORTH RIVER ESTATES
TVDe PID or ADDRESS: Dress ENTER: or F1. F2. F8
PROPERTY DATA SYSTEM
LIMITED MARKET VALUE INQUIRY CURB 318
NEXT _
PID 25- 119 -21 -44 -0023 ASSESSMENT YEAR 2003 SUB -REC 01
HOUSE# 7036 F/A 1/_ STREET WILLOW LA N UNIT
CALCULATE LMV (Y /N) PROPERTY TYPE RL HMSTD CODE H
PART CONST GR /OS /EX REL HMSTD IND
CONTIG IND
MARKET LAND VALUE 80000
MARKET BUILDING VALUE 160900
MACHINERY VALUE
TOTAL MARKET VALUE 240900
IMPROVEMENT AMOUNT
LIMITED MARKET VALUE 204900
QUALIFYING IMPROVEMENT AMOUNT - 6200
MARKET VALUE SUBJECT TO TAXATION 198700
TAXABLE MARKET VALUE TAX CAPACITY 1987
Make chanaes: press ENTER: or F1. F2, F4. F5. F8
PROPERTY DATA SYSTEM
QUALIFYING IMPROVEMENT INQUIRY CURB 315
NEXT _
PID 25- 119 -21 -44 -0023
HOUSE# 7036 F/A 1/_ STREET WILLOW LA N UNIT
STATUS
APPLICATION PERM QUAL OLD VALUE MAX EXC MAX Q IMP EXP CHANGE
i
NUMBER YEAR YEAR NEW ADDED AGE AMOUNT % AMOUNT YEAR ST MM /YEAR
i
97015 1997 0 009600 038 25000 050 04800 2007
98060 1997 0 002800 038 25000 050 01400 2007
TOTAL 0012400 TOTAL 0006200 _
QUAL IMP AMT remains constant for years 1 -10. After 10 years, the excluded
.value is added back to the assessment at 50% in years 11 -12 if value is equal
to or less than $10,000; or at 20% in years 11 -15 if value is greater than
$10,000. This rule applies unless ownership changes.
Make chanaes: press ENTER: or F1. F2. F5. F7, F8
PROPERTY DATA SYSTEM
COMPUTER AIDED APPRAISAL INQUIRY 05/05/03 ICURR 436
NEXT _
PROPERTY ID: 25- 119 -21 -44 -0023 YEAR: 2003
ADDRESS 7036 WILLOW LA N CLASS: B06 DT: SF
STYLE ONE LEVEL MANUAL: NO
GBA . 1616 (SQ.FT.) AGE: 35 YRS ZONED: R1
BASIC RATE $ 88.67
ADJ. RATE $ 94.87 -> EXT. WALL: 7.0% ( +) SHAPE: % ( +)
ADJ.RATE *GBA: $ 153309 -> ADD BSMT $ 16160 = 1616 SgFt @ $10.00 Rate
-> DED UNF.GBA: $ = SgFt @ $40.00 Rate
ADJUSTED TOT: $ 169469
ADDITIVE AMT: $ 48082 -> GARAGE 14629 DORMERS: PAT.DOORS:
-> WALKOUT: AIRCOND: 1939 DECKS 3000
->
PATIOS PORCHES: 4200 POOLS
-> BATHS : 8800 FIREPLC: 4000 FIN.BSMT.: 11514
TOTAL COST $ 217551
ADJUSTMENTS 87.3% -> DEPRECIATION: 87.3% INFLUENCES: %
-> FUNCTIONAL ECONOMIC : %
BLDG VALUE $ 189900 BLDG MARKET VALUE : $ 190900
FLAT CHGS $ 1000 LAND MARKET VALUE : $ 80000
TOTAL MARKET VALUE: $ 270900
TVDe PID. Press ENTER: or F1. F9. FS
PROPERTY DATA SYSTEM
SALES RECORD INQUIRY CURR 308
PROPERTY ID -------- - - - - -- Address --------- - - - - -- NEXT _
25- 119 -21 -44 -0023 7036 1/ WILLOW LA N
SALE TYPE SALES
DATE PRICE OF SALE RATIO REMARKS
12/1997 109000 6 X CD PAYOFF
6/1991 109000 6 X ESTATE SALE P =0
Press F1. F2._ F5._ FA_
PROPERTY DATA SYSTEM
SALES COMPARABLES DATA REQUEST CURB 337
PROPERTY ID YEAR --- - - - - -- Subject Address ----- - - - - -- NEXT _
2511921440023 2003 7036 WILLOW LA N
Sel Comparables Address Sale Date Sale Price Wgt Insp
1011821210039 5233 TWIN LAKE BLVD E 11/02 285000 120 Y
2611921440016 7000 KNOX AVE N 04/02 189900 119 Y
0111821320070 5624 HUMBOLDT AVE N 07/02 180000 117 Y
3611921430035 6218 CAMDEN AVE N 03/02 169900 117 Y
3411921440119 3311 LAWRENCE RD 03/02 182400 111 Y
3411921110121 6800 ABBOTT AVE N 11/02 179000 109 N
3611921410009 6448 WILLOW LA N 01/02 267900 107 Y
3311921110013 6812 ORCHARD AVE N 05/02 165000 106 Y
3511921330019 2801 63RD AVE N 03/02 154500 106 Y
0311821430087 3701 55TH AVE N 10/02 166000 106 Y
0111821430089 5309 LYNDALE AVE N 08/02 160000 106 Y
2811921440046 7007 QUAIL AVE N 10/02 169900 106 Y
Enter order of s election then press ENTER: or F1. Fri
� CITY OF BROOKLYN CENTER
� 2003
� BOARD OF APPEAL AND
' EQUALIZATION
om NONE
NONE
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May 5, 2003
Letter of Transmittal
' 2003 Local Board of Appeal and Equalization
' To The Honorable Mayor and City Council:
1 .
As you know, each year the City Council is required by our Charter to sit as the
' Board of Appeal and Equalization. The purpose of this Board is to review the
work of the Office of the City Assessor and to hear valuation and classification
' appeals.
' The 2002 Board of Equalization is scheduled to begin at 7:00 p.m. on Monday,
May 5, 2003. In addition to the valuation notices mailed to all individual property
owners, the City Clerk has published a posted and posted notices of this meeting
as required by state statute.
The attached report is presented for your information. This report contains a
' review of the Board's powers and responsibilities, information from our office
regarding the 2003 assessment and an overview of recent market activity. The
issues before the Board of Appeal and Equalization are questions of value and
classification of Brooklyn Center properties for the January 2, 2003 assessment
' for taxes payable in 2004.
Respectfully submitted,
t
Nancy J. jci 'S A.M.A?
City Assessor
2003 Brooklyn Center Board of Appeal and Equalization
1
Meetinq Agenda:
1. Meeting called to order, roll call. (7:00pm)
' 2. The statement of the ur ose of the Local Board of Appeal and Equalization and
p p pp q
a review of the board's duties.
3. The Assessor's Report.
4. Appearances by taxpayers with appointments.
5. Appearances by taxpayers without an appointment
6. Consideration of written appeals.
' 7. Adjourn.
Purpose of the Local Board of Appeal and Eaualization
Minnesota Statutes, Section 274.01, provides that the governing body of each city or a
' duly appointed board will serve as the Local Board of Appeal and Equalization. This
review is held each spring. The board has the responsibility to review the assessed
' valuation and classification of property within the city. This year's review is limited to
the 2003 assessment; which affects taxes payable in 2004.
' The review by the board should focus only on either the market value or the
classification of each property. The board should not directly concern itself with issues
' of actual property taxes of a particular property.
' Duties of the Local Board of Appeal and Eaualization
1. See that all taxable property is properly assessed, valued, and classified.
2. Add any omitted property to the assessment.
Limits of Authoritv for the Local Board of Aoneal and Equalization
1. The authority of the board extends over individual parcels only. Changes of
value are made to the estimated market value. No changes may be made by
percentage, class, or property type. Changes in the aggregate assessment may
' be made by the state board of equalization.
2. The total of all changes made by the local board of review must not reduce the
aggregate assessment by more than 1 %. Should this occur, than none of the
changes of the local board of review will be allowed. This limitation does not
apply to clerical corrections.
' 3. The local board of review does not have the authority to reopen previous
assessments. An example of this is the 2002 assessment for the taxes payable
' in 2003. Homeowner's that received their 2003 tax statement in March, 2003,
are not able to appeal the 2002 estimated market value listed.
4. Should the board wish to raise any assessment, the owner must be notified.
' 5. It is necessary for a majority of the board be present for any valid board action to
be taken.
' 6. The board should careful) consider an cases where taxpayers feel aggrieved
Y Y gg
' by the proposed assessment. All available evidence should be considered. The
board then has authority to adjust the assessment as it deems just.
' 7. The initial 2003 meeting is scheduled for May 5th. The board must complete its
work within 20 days or receive a written extension from the Commissioner of
Revenue. Any actions taken after 20 days without an authorized extension will
be invalid. The assessor's recommendation is to complete all board business at
' the first meeting, if possible. Should a second meeting be necessary, it must be
held no later than Sunday, May 25, 2003.
A motion to sustain the assessment or to adjust the assessment may be
made upon completion of the discussion of each property or may be held
' until all appeals have been heard.
Informal Review Procedures - 2003 Assessment
'�, ' 1. Discuss assessment procedures and the valuation methodologies employed by
the assessor's office.
2. Review market information, sales and property characteristics with the owner by
phone or in the assessor's office.
3. Provide the owner with nearby assessed values and/or sales of homes similar to
the subject property.
4. Suggest the owner have a market analysis provided by a local Realtor.
5. Review by physically inspecting the property and recalculating the value based
on characteristics gathered in the new inspection.
6. Discuss with the owner the valuation recommendation based on the review
performed.
Formal
1. Local Board of Review / City Board of Equalization
2. County Board of Equalization
3. Minnesota Tax Court
4. Abatement
Summary
The assessor's, office will make every effort to resolve as many questions possible prior
to the board. Those property owners still wishing to be heard at the board will be given
an opportunity to express their individual concerns. The assessor's office will have an
appraisal prepared for all properties where the owner has notified the assessor's office
of their intent to appear at this year's board of review. A copy of this report will be
provided to each board member and the property owner.
Please remember that the issue at hand is the market value or classification of the
property at hand, not the taxes. Cases that the board feels may be too difficult or
complex to decide may be affirmed. The property owner will then have the opportunity
to continue on to the County Board of Appeal and Equalization.
Hennepin Countv Board of Aaneal and Eaualization
The 2003 County Board of Appeal and Equalization will be held beginning June 16,
' 2003. Taxpayers wishing to appear must have appealed to their local board of review
I
and must register with the county board prior to June 9, 2003, Call (612) 348 -7050 for
' an appointment.
' At the County Board level the county assessor's office will perform an independent
appraisal of each property. Should a reduction to the assessment be indicated, it is
offered to the owner. The county will also notify the owner if their review indicates either
' no change or an increase. At this point, the owner can accept the reduction, withdraw
the appeal, or continue on, to be heard by the County Board of Equalization.
Minnesota Tax Court
' For information contact (651) 296 -2806. The filing deadline for the 2003 assessment is
April 30, 2004. The deadline is always the last business day in March in the year the
' taxes are payable.
Abatements
' This is a process that allows assessors to correct a clerical or appraisal error.
' Application must be received by assessor no later than December 31 for the year the
taxes are payable. This is a discretionary process and decision of the assessor is final.
The City of Brooklyn Center charges a $45.00 application fee for an abatement
application. However, in most cases the assessors office is able to inform the property
owner prior to application if approval is likely.
What is Market Value?
Minnesota Statutes (272.03, subdivision 8) define market value as:
"Market value means the usual selling price at the place where the
property to which the term is applied shall be at the time of assessment,
being the price which would be obtained at a private sale or at an auction
sale, if it is determined by the assessor that the price from the auction sale
represents an arm's- length transaction. The price obtained at a forked
sale shall not be considered. "
The text, Property Appraisal and Assessment Administration, copyright 1990,
' International Association of Assessing Officers, defines market value as:
"Market value. The most probable sale price of a property in terms of
money in a competitive and open market, assuming that the buyer and
seller are acting prudently and knowledgeably, allowing sufficient time for
the sale, and assuming that the transaction is not affected by undue
pressures. "
The fundamental points in these definitions include:
1. It is the most probable rice not the highest, lowest, or avers
p 9 e. g
2. It may be the actual price, but isn't necessarily so.
3. It is expressed in terms of money (a cash basis).
4. A reasonable amount of time for exposure in the marketplace.
5. Buyer and seller are motivated by self- interest.
6. Buyer and seller are both well informed, or advised, and are acting prudently.
' 7. The definition recognizes the present use of the property, as well as other
potential uses.
' 8. Assumes an arm's - length transaction in the open market.
Classification Issues
'
In addition to appeals concerning the valuation of property, the Board may also consider
' appeals of the classification of the property.
Minnesota uses a classification system to shift the burden from one group, or class, of
property to another. Examples include homestead residential, non - homestead
' residential, apartments (four or more units), agricultural, commercial, and "contiguous"
commercial. Depending on the classification, a property may have a tax liability of
approximately one -half of a percent of its value to nearly five percent of its value.
Due to the significant differences in tax liability, it is natural for owners to seek the most
' advantageous classification for their property. There are however, specific rules and
requirements regarding these issues and the documentation necessary to prove the
' qualification for the requested classification.
In Cases that are unusual, we normally review the matter with the Hennepin County
Assessor's Office and /or the Hennepin County Attorney's Office. Because of this prior
research, we would anticipate that any classification issues which come before the
' Board may be of an unusual, or technical, nature. We would advise caution on these
issues. Depending upon the situation, the Board may wish to have a formal legal
' opinion as the basis of it's action. If this opinion cannot be obtained in a timely manner,
the current classification should be affirmed and the matter referred to the County Board
' of Equalization.
2002 Reinspection Program for the 2003 Assessment
During the summer of 2002 our office conducted re- inspections for the 2003
' assessment of the residential properties North of 1 -694 to the West of Humboldt, North
of 69 to the West of 252 through Humboldt Avenue and East of 252 included
properties North of 694. This review area consisted of approximately 1,889 residential
' properties. All parcels were inspected from the exterior and the assessor's office
inspected the interior of 87% or 1,642 of these homes.
The re- inspection process began in mid May, and was essentially completed by the end
' of September. The re- inspections were performed by City Assessor, Nancy Wojcik;;
Appraiser Technician, Karen Casto, and Assessment Data Collectors, Brent Fogal and
1 Charles Ramberg. Following the review of the scheduled quartile, our focus switched
to the residential properties with new improvements. All permit review inspections were
' completed by Appraiser I, Jill Brenna. The review of new improvements added an
additional 700 residential properties, approximately 300 of these properties were interior
inspected. We estimate that the total number of residential properties inspected in 2002
' was approximately 2, 589. The total number of interior inspected properties was
approximately 1, 942.
Assessment Valuation Procedures
Residential
Sales occurring in the prescribed study period, October 2001 thru September 2002, are
analyzed b co y y pa ing them to the previous assessment and the preliminary assessment in
' process. Adjustments are then made either to the land values or to the computerized rate
tables employed by the CAMA system in calculating the building values. This computer
assisted mass appraisal system allows the assessor's office to value properties according to
their individual characteristics. Examples of these characteristics include age, condition,
size, style, amenities, functionality, and location. The preliminary final assessment is then
' analyzed statistically to ensure accuracy and uniformity. This process is greatly- assisted by
the relatively large sample of residential sales each year, giving the statistical analyses a
high degree of reliability. The Brooklyn Center residential assessment falls well within all
accepted measurement guidelines for mass appraisal accuracy and uniformity.
' Apartment
The apartment assessment is based on a combination of market sale activity and analysis
of the rental market. Even in years without adequate sale information, changes in rental
rates and occupancy levels are valid, accurate measures of changes in market value.
Apartments are sold primarily for their potential to generate future income for the buyer.
Therefore, the analysis of the likely (economic) income is a proven and widely accepted
approach to valuation.
Commercial / Industrial
The valuation of these properties is primarily accomplished through an analysis of the rental
market, potential income, and the sale market. What are typical investor expectations? What
' are typical investor yield requirements for different market segments? These are two key
questions where market activity can provide some guidance. The potential market
(economic) income to a property is best estimated by analyzing recent leases, rental
listings, and published data like the Real Estate Tracking Service of the Minnesota Real
' Estate Journal or the Colliers Towle Report. All of these sources and more have been
employed by the assessor's office to ensure that the current assessed values follow the
market as closely as possible.
VALUATION NOTICES
April 2003
Anticipated Questions - Suggested Responses
Mailings by City of Brooklyn Center scheduled to begin March 14, 2003.
t Anticipated receipt of the value notice is Monday, March 17, 2003.
What is this notice I got in the mail?
This notice is your 2003 assessed value for taxes payable in 2004. It is
intended to show you the taxable market value of your house for taxes
payable in 2004. It also includes the previous years value for comparison
' purposes only.
Is this a bill?
No. A Truth in Taxation notice will be mailed to you from Hennepin County
' approximately in November, 2003 estimating the 2004 taxes. The Truth in
Taxation notice will also contain meeting dates of any taxation meetings.
Actual tax statements reflecting the 2003 assessment will be your 2004 tax
statement which will be mailed in March, 2004.
' Whv did my market value change?
The value of your property changes as the market indicates (through
' analysis of sales) or due to changes in the property (permit work,
characteristic changes, etc.) The estimated market value is the most
probable price that a well informed buyer would pay a well informed seller
for a property without either party being unduly forced to buy or sell. If you
have specific questions you may elect to speak with an appraiser on your
specific property.
' You recently reviewed my proaerty this last summer and told me there
were no changes to my characteristics. why did my value increase?
The value of your property is based on reported and recorded market sales
data collected over the past year. Your 2003 assessed value is based on
rates that are determined through analysis of this residential sale data.
These rates change as indicated by recent market sales. Your 2003 value
may have increased or decreased even though the characteristics of your
home have not changed. This change in value may be based solely on the
market data. Any changes in your property characteristics either positive or
negative may also impact the final estimated value of your property.
R4
Is there a limit on how much you can change my value?
' There is no limit on the change in estimated market value. However, the
limited market value or the taxable value for residential, agricultural or non-
commercial seasonal recreational properties (homestead or non-
' homestead) is limited. The increase in the property's taxable value may not
exceed; (1) 12% of the previous year's taxable value, or (2) 20% of the
' difference between the current year's market value and the previous year's
taxable value, whichever is greater, excluding improvements.
Is my Property still considered homestead property?
Your current homestead status for the 2003 assessment for taxes payable
in 2004 is displayed in the upper right hand corner under the property
classification. Any partial percentage homesteads will be reflected on the
notice.
Can I appeal this valuation of my property?
You should first review sale information from your neighborhood. Review
homes similar in style and size to yours. If you still feel that your value
should be changed you may wish to speak with an appraiser and schedule
an appointment to review your home. If you plan to attend the local board
appeal and equalization we must review your property prior to scheduling
you on the agenda. In most cases we can come to a mutually acceptable
' adjustment to your value without your appearance before the board.
What can I do as a senior citizen with a limited income if I feel you are
taxing me out of my home?
As a senior citizen it is important to remember to file for the property tax
refund. This program is designed to shield you from excessive increases in
property tax and /or property taxes which are too high when compared to
' your income. In addition to these programs there is also a senior citizen
property tax deferment program available. You may also wish to contact
' your local legislature to voice your concerns regarding tax changes for
senior citizens.
Can ► have you also look at my 2002 valuation for taxes -Davable in
2003?
No. The previous year's valuation has already been finalized. Your 2003
tax statement that you received in March is based on your 2002 valuation.
Questions regarding that value would have to have been addressed at the
' time you received that valuation notice, or at the 2002 Local Board of
Appeal and Equalization.
What will my 2004 taxes be with this chap e?
' The tax rates have not been determined for the 2004 taxes. We will have a
better idea of estimating taxes when the legislature adjourns in May. You
will receive a Truth in Taxation notice in November, 2003 that will give you
an estimate of the 2004 taxes. Typically the Truth in Taxation notice does
not include school district referendums. Please be observant of any local
referendum issues in your school district. If you would like an estimate
using this years tax rates we can give you an estimate or you may call
Hennepin County Tax Estimates at (612) 348 -7835 for assistance.
g:\ depts \assess\board\2003\genques.wpd Revised 3113/03 jb
2003 Assessment Tax Capacity Payable in 2003
Property Type Breakdown
FARM
0% APARTMENT
12%
RESIDENTIAL
50% COMMERCIAL
30%
INDUSTRIAL
8%
®APARTMENT ®COMMERCIAL ❑INDUSTRIAL ❑RESIDENTIAL ■FARM J
II
COMPARISON OF THE BROOKLYN CENTER ASSESSED VALUE BY PROPERTY TYPE
2001 to 2003 TAX YEARS
TOTAL PAY PERCENTAGE PERCENTAGE TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE
PROPERTY 2001 OF PAY 2001 TOTAL PAY 2002 OF PAY 2002 2003 OF PAY 2003 2004 OF PAY 2004
TYPE VALUATION VALUE VALUATION VALUE VALUATION VALUE VALUATION VALUE
APARTMENT $115,338,600 8.75 % $142,100,200 9.54% $150,619,300 9.01% $163,947,100 8.99%
COMMERCIAL $281,665,500 21.37% $285,707,400 19.19% $285,831,300 17.10% $317,999,400 17.43%
INDUSTRIAL $83,471,500 6.33% $90,199,500 6.06% $103,857,300 6.21% $90,676,800 4.97%
RESIDENTIAL $837,135,000 63.52% $970,702,600 65.19% $1,130,851,900 67.65% $1,251,314,300 68.59%
FARM $320,000 2.00% $360,000 0.02% $367,000 0.02% $367,000 0.02%
TOTALS $1,317,930,600 $1,489,069,700 $1,671,526,800 $1,824,304,600
NOTE: Payable 2004 valuation totals are based on values as of April 4, 2003. Residential taxable market value total for
2003 pay 2004 was $1,053,362,800. More than 99% of all residential properties in Brooklyn Center will have taxable value
that is lower than the estimated market value for the taxes payable in 2004.
4'ZMWAAWWBOAAWOO9vN.MI =.% ?S Va 1Y Wy
Prepared by Brooklyn Center Assessor's Office
04/29/2003
r � , rr rr rr rr r rr rr �r rr rr rr �■r rr rr r -- _ > �rrr �r
COMPARISON OF THE BROOKLYN CENTER PROPERTY TAX BASE BY PROPERTY TYPE
2001 TO 2004
TAX YEARS
TAX TAX
TOTAL PAY PERCENTAGE TAX CAPACITY CAPACITY TOTAL PAY PERCENTAGE CAPACITY TOTAL PAY PERCENTAGE TOTAL PAY
PROPERTY 2001 TAX OF 2001 TAX CHANGE CHANGE 2002 TAX OF 2002 TAX CHANGE 2003 TAX OF 2003 TAX 2004 TAX
TYPE CAPACITY BASE (Dollars) (Percent) CAPACITY BASE (Percent) CAPACITY BASE CAPACITY
APARTMENT $2,218,557 9.73% $97,807 4.61% $2,675,013 10.62% 20.57% $2,220,776 11.54% $2,457,114
COMMERCIAL $9,336,100 40.93% 616 509 7.07° 9 47 0 0 0
$ /o $ 7,082 37.63 /0 1.51 /o $5,605,027 29.13 /o $6,243,399
INDUSTRIAL $2,761,642 12.11% $499,541 22.08% $2,990,856 11.87% 8.30% °
$2,040,414 10.60% $1,776,989
RESIDENTIAL $8,490,114 37.22% $559,371 7.05% $10,040,474 39.86% 18.26% $9,373,104 48.71% $10,534,651
FARM $3,450 2.00% $270 8.49% $3,743 0.01% 8.49% °
$3,431 0.02% $3,670
TOTALS $22,809,863 $1,773,498 8.43% $25,187,168 10.42% $19,242,752 $21,015,823
NOTE: Payable 2004 tax capacity totals are based on values as of April 4, 2003.
Adjustments for changes to state classification rates by the 2003 legislatuai e
not reflerted in these totals.
Prepared by Brooklyn Center Assessor's Office
04/29/2003
How Taxes Are Calculated
Tax Rates are calculated for each taxing district.
Amount Levied
-- - - -- = Tax Rate (s)
Total Tax Capacity or Market Value
(Tax Base)
The Total Tax Extension Rate is calculated by adding the rates of all the districts for the
specific property or location.
County
+City
+School
+Miscellaneous
=Total Tax Extension Rate
The second type of tax is market value tax. This tax is levied directly against market
value.
The taxes or specific r are calculated b multiplying the Estimated Market
s a p operty y
' Value (EMV) by the tax capacity class rate to yield the parcel's tax capacity. That
amount is multiplied by the total tax extension rate to arrive at the actual amount of tax
levied against the tax capacity of the property. Then the estimated market value is
' multiplied by the total of all market value rates. Lastly the education homestead credit is
subtracted if the property is a homesteaded residential property.
' Example - $135,600 Estimated market value of a homesteaded residential property in
Brooklyn Center, in SD 279 for taxes payable in 2003, with a Limited Market Value of
1 $111,400
$111,400 x 1.0 %= $1,114 x 147.427% = $1,642
' (EMV) X (Class Rate) =(Tax Cap.) X (Tax Cap Rate) =(Tax Capacity Tax)
Plus$111,400 x 0.05290 % = + $ 58.93
' (EMV)(Total Market Value Rate)(City Market Value Tax)
Plus$111,400 x 0.23035 % = + $ 256.60
(EMV)(Total Market Value Rate)(School Market Value Tax)
' Plus$111,400 x 0.01899 % = + $ 21.15
(EMV)(Total Market Value Rate)(Solid Waste Fee Market Value Tax)
Less Homestead Education Credit - $272.00
Total Tax $1,706.68
CITY OF BROOKLYN CENTER
TAX RATES PAYABLE 2003 (applied to 2002 assessment)
Juriscictions sd 286 sd 279 sd 281 sd 011
County 50.607 50.607 50.607 50.607
' City 52.792 52.792 52.792 52.792
School 49.817 35.042 29.179 26.941
Watershed 0 0 0 0
' Sewer 0 0 0 0
Metro 3.825 3.825 3.825 3.825
Other 5.161 5.161 5.161 5.161
Total Extension Rate- all 162.202 147.427 141.564 139.326
Total (County, Metro & Other) 59.593 59.593 59.593 59.593
i
HRA Levy 1.229 1.229 1.229 1.229
City with HRA 54.021 54.021 54.021 54.021
Total "Other Special Taxing Districts"
'
excluding he HRA _
9 - 59.593 59.593 5 9.593 59.593
Total Extension Rate- all 163.431 148.6561 142.7931 140.555
'
City arket Value Rate 0.052 0.0529 0. 29 0.0 2
� 9 05 5 9
School Dist Market Value Rate 0.172240 0.230350 0.183620 0.203390
Solid Waste Fee - Taxable Market V alue 0.01899 0.01899 0.01899 0.01899
' (Total Market Value Based R ate r
0.244 I 0.30224 I 0.255511 0.27528
G:\Depts\ ASSESSS SPREDSHTV Issessor\TAXRATES12003TAXRATES .XLS]Final Tax Rates 04/29/20039:09 AM
2003 CITY OF BROOKLYN CENTER RESIDENTIAL TAXES
INCLUDES HENNEPIN COUNTY SOLID WASTE MARKET VALUE LEVY & APPROVED 2002 SCHOOL DIST REFERENDUMS
HOMESTEAD TAXES
11 Anoka Hennepin 278 46690 281 Robbinsdale 288 Brooklyn Center
Market
Value 2002 Tax 2 003 Tax 2002 Tax 20 03 Tax 2002 Tax 2003 Tax 2002 Tax 2003 Tax
$40,000 $464 $507 $484 $551 $546 $508 $499 $586
' $45,000 $522 $571 $545 $619 $614 $572 $561 $660
$50,000 $580 $634 $605 $688 $683 $636 $624 $733
$55,000 $638 $698 $666 $757 $751 $699 $686 $805
$60,000 $696 $761 $726 $826 $819 $763 $748 $880
$61,000 $708 $774 $739 $840 $833 $775 $761 $894
$62,000 $720 $786 $751 $853 $847 $788 $773 $909
$63,000 $731 $799 $763 $867 $860 $801 $786 $924
' $64,000 $743 $812 $775 $881 $874 $814 $798 $938
$65,000 $755 $825 $787 $895 $888 $826 $811 $953
$66,000 $766 $837 $799 $908 $901 $839 $823 $968
$67,000 $778 $850 $811 $922 $915 $852 $836 $982
$68,000 $789 $863 $823 $936 $929 $864 $848 $997
$69,000 $801 $875 $835 $950 $942 $877 $861 $1,012
$70,000 $813 $888 $848 $964 $956 $890 $873 $1,026
' $71,000 $824 $901 $860 $977 $970 $903 $886 $1,041
$72,000 $836 $913 $872 $991 $983 $915 $898 $1,056
$73,000 $847 $926 $884 $1,005 $997 $928 $911 $1,070
' $74,000 $859 $939 $896 $1,019 $1,011 $941 $923 $1,085
$74,700 $867 $948 $904 $1,028 $1,020 $950 $932 $1,095
$75,000 $871 $951 $908 $1,032 $1,024 $953 $935 $1,100
$76,000 $882 $964 $920 $1,046 $1,038 $966 $948 $1,114
$77,000 $899 $982 $937 $1,065 $1,056 $984 $965 $1,134
$77,700 $910 $994 $949 $1,078 $1,069 $996 $977 $1,148
$78,000 $915 $999 $954 $1,083 $1,075 $1,001 $983 $1,153
$79,000 $932 $1,017 $971 $1,102 $1,093 $1,019 $1,000 $1,173
$80,000 $948 $1,034 $988 $1,121 $1,112 $1,037 $1,017 $1,193
$81,000 $965 $1,052 $1,005 $1,139 $1,131 $1,054 $1,035 $1,212
' $82,000 $981 $1,070 $1,022 $1,158 $1,149 $1,072 $1,052 $1,232
$83,700 $1,009 $1,099 $1,051 $1,190 $1,181 $1,102 $1,082 $1,265
$84,700 $1,026 $1,117 $1,068 $1,209 $1,199 $1,119 $1,099 $1,284
$85,000 $1,031 $1,122 $1,073 $1,214 $1,205 $1,125 $1,104 $1,290
$86,500 $1,056 $1,149 $1,099 $1,242 $1,233 $1,151 $1,130 $1,320
$87,500 $1,072 $1,166 $1,116 $1,261 $1,251 $1,169 $1,148 $1,339
$88,500 $1,089 $1,184 $1,133 $1,279 $1,270 $1,186 $1,165 $1,359
' $89,500 $1,105 $1,201 $1,150 $1,298 $1,288 $1,204 $1,183 $1,378
$90,500 $1,122 $1,219 $1,167 $1,317 $1,307 $1,221 $1,200 $1,398
$91,500 $1,138 $1,237 $1,184 $1,335 $1,325 $1,239 $1,217 $1,417
$92,500 $1,155 $1,254 $1,201 $1,354 $1,344 $1,257 $1,235 $1,437
$93,500 $1,171 $1,272 $1,218 $1,373 $1,363 $1,274 $1,252 $1,457
$94,500 $1,188 $1,289 $1,235 $1,391 $1,381 $1,292 $1,269 $1,476
' $95,500 $1,204 $1,307 $1,252 $1,410 $1,400 $1,309 $1,287 $1,496
$96,500 $1,221 $1,325 $1,269 $1,429 $1,418 $1,327 $1,304 $1,515
$97,500 $1,237 $1,342 $1,286 $1,447 $1,437 $1,345 $1,321 $1,535
$98,500 $1,254 $1,360 $1,303 $1,466 $1,455 $1,362 $1,339 $1,554
$99,500 $1,270 $1,377 $1,320 $1,485 $1,474 $1,380 $1,356 $1,574
$100,500 $1,287 $1,395 $1,337 $1,503 $1,492 $1,398 $1,374 $1,594
$105,000 $1,361 $1,474 $1,413 $1,587 $1,576 $1,477 $1,452 $1,682
$110,000 $1,444 $1,562 $1,498 $1,681 $1,669 $1,565 $1,539 $1,779
$115,000 $1,526 $1,650 $1,583 $1,774 $1,761 $1,653 $1,626 $1,877
I W28/2003
2003 CITY OF BROOKLYN CENTER RESIDENTIAL TAXES
INCLUDES HENNEPIN COUNTY SOLID WASTE MARKET VALUE LEVY & APPROVED 2002 SCHOOL DIST REFERENDUMS
t a HOMESTEAD TAXES
11 Anoka Hennepin 279 Osseo 281 Robbinsdale 286 Brooklyn Center
Market
Value 2002 Tax 2003 Tax 2002 Tax 2003 Tax 2002 Tax 2003 Tax 2002 Tax 2003 Tax
$119,300 $1,597 $__1,726 $1,657 $1,854 $1,841 $1,729 $1,700 $1,961
$120,000 $1,609 $1,738 $1,668 $1,867 $1,854 $1,741 $1,712 $1,975
$125,000 $1,691 $1,826 $1,754 $1,961 $1,947 $1,829 $1,799 $2,073
$130,000 $1,774 $1,914 $1,839 $2,054 $2,040 $1,917 $1,886 $2,171
$135,000 $1,856 $2,002 $1,924 $2, 147 $2,133 $2,005 $1,973 $2,268
�
EW V" $136,100 $1 $2,021 $1,942 $2,168 $2,153 $2,025 $1,992 $2,290
$145,000 $2,021 $2,177 $2,094 $2,334 $2,318 $2,181 $2,147 $2,464
$150,000 $2,104 $2,265 $2,179 $2,427 $2,411 $2,269 $2,234 $2,562
$155,000 $2,186 $2,353 $2,264 $2,521 $2,504 $2,357 $2,320 $2,660
$160,000 $2,269 $2,441 $2,349 $2,614 $2,596 $2,445 $2,407 $2,757
' $170,000 $2,434 $2,617 $2,519 $2,801 $2,782 $2,622 $2,581 $2,953
$180,000 $2,599 $2,793 $2,689 $2,987 $2,968 $2,798 $2,755 $3,149
$190,000 $2,764 $2,969 $2,859 $3,174 $3,153 $2,974 $2,929 $3,344
$200,000 $2,929 $3,145 $3,029 $3,361 $3,339 $3,150 $3,102 $3,540
' $210,000 $3,094 $3,321 $3,199 $3,547 $3,524 $3,326 $3,276 $3,736
$220,000 $3,259 $3,496 $3,369 $3,734 $3,710 $3,502 $3,450 $3,931
$230,000 $3,425 $3,672 $3,539 $3,921 $3,895 $3,678 $3,623 $4,127
$240,000 $3,590 $3,848 $3,709 $4,107 $4,081 $3,854 $3,797 $4,322
$250,000 $3,755 $4,024 $3,879 $4,294 $4,266 $4,030 $3,971 $4,518
$260,000 $3,920 $4,200 $4,049 $4,481 $4,452 $4,207 $4,145 $4,714
$ 275, 000 $4, 167 $4, 464 $4,305 $4,761 $4,730 $4,471 $4,405 $5,007
$300,000 $4,580 $4,903 $4,730 $5,227 $5,194 $4,911 $4,840 $5,496
$350,000 $5,406 $5,782 $5,580 $6,160 $6,122 $5,792 $5,708 $6,474
$400,000 $6,231 $6,662 $6,431 $7,094 $7,050 $6,672 $6,577 $7,452
' "M2003
Brooklyn Center
Homestead Tax History
ASSESSMENT CPI* Assessor's Market Value SD #286 Homestead
YEAR Change/Year Median Value % Change Payable Tax Year Tax %Change
1974 11.6% $23,750 0.00% 1975 $463 - 16.66%
1975 8.5% o
5 /o $28,675 20.74 /0 1976 $542 16.94 /o
1976 6.3% $30,965 7.99% 1977 $556 2.67%
' 1977 7.0% $33,130 6.99% 1978 $686 23.24%
.1978 9.1% $37,400 12.89% 1979 $661 -3.60%
' 1979 11.5% $44,900 20.05% 1980 $611 -7.59%
1980 11.4% $52,900 17.82% 1981 $437 - 28.41%
1981 12.3% $55,800 5.48% 1982 $368 - 15.91%
' 1982 9.9% $59,700 6.99% 1983 $431 17.11%
1983 2.2% $61,800 3.52% 1984 $496 15.23%
' 1984 3.6% $61,800 0.00% 1985 $580 16.85%
1985 3.8% $61,600 -0.32% 1986 $530 -8.57%
1986 1.3% $62,700 1.79% 1987 $554 4.50%
1987 3.0% $65,700 4.78% 1988 $575 3.71%
1988 5.0% $68,900 4.87% 1989 $651 13.36%
' 1989 4.1% $70,600 2.47% 1990 $817 25.37%
1990 4.1% $71,300 0.99% 1991 $805 - 1.43%
1991 2.7% $71,000 -0.42% 1992 $868 7.84%
1992 3.5% $70,900 -0.14% 1993 $909 4.75%
1993 3.1% $72,000 1.55% 1994 $939 3.27%
1994 3.2% $72,000 0.00% 1995 $1,000 6.46%
1995 2.6% $72,800 1.11% 1996 $1,0444 4.44%
1996 2.8% $77,700 6.73% 1997 $1,175 12.52%
1997 3.0% $80,000 2.96% 1998 $1,201 2.21%
1998 2.3% $83,700 4.63% 1999 $1,270 5.75%
1999 1.6% $90,100 7.65% 2000 $1,243 - 2.13%
2000 2.7% $105,600 17.20% 2001 $1,541 23.97%
2001 3.4% $119,300 12.97% 2002 $1,700 10.32%
' 2002 2.8% $136,100 14.08% 2003 $2,290 34.71%
2003 1.2% $152,000 11.68% 2004 N/A N/A
30 Year Total 138.0% 197.0% 30 Year Total 170.9%
30 Yr. Annualized 4.6% 6.6% ' 30 Yr. Annualized 5.7%
20 Year Total 71.9% 105.1% 20 Year Total 167.9%
20 Yr. Annualized 3.6% 5.3% 20 Yr. Annualized 8.4%
10 Year Total 32.2% 80.4% 10 Year Total 98.2%
' 10 Yr. Annualized 3.2% 8.0% 10 Yr. Annualized 9.8%
5 Year Total 11.7% 63.6% 5 Year Total 66.9%
5 Yr. Annualized 2.3% 12.7% 5 Yr. Annualized 13.4%
* The stated change in the CPI is for the year preceeding the stated assessment year.
04/29/20031:36 PM
CHANGES MADE TO 2003 ASSESSMENT
CITY OF BROOKLYN CENTER
.., -R. OVERALL
v' Prepared by the Brooklyn Center Assessor's Office VALUE CHANGE
r
City Wide - All (Includes all property types) 9.2%
(Excluding new construction) 8.1%
City Wide - Resid. (Single Family - Detached Only) 10.7%
(Excluding new construction) 10.1%
' Commercial (excluding new construction) 5.5%
Industrial -10.6%
Apartments 9.3%
Condominiums 15.7%
Co -ops 15.5%
Townhouses 12.7%
(Excluding new construction) 10 . 0 %
Double Bungalows 26.1%
Residential Neighborhoods #50 River Influence 17.1%
(excluding new construction) 16.6%
#51 North West 13.1%
' (excluding new construction) 12.8%
#52 North East 12.8%
(excluding new construction) 12.6%
#53 West Central 8.2%
(excluding new construction) 7.8%
#54 South East 9.4%
(excluding new construction) 9.1%
#55 South West 8.8%
' (excluding new construction) 8.4%
#56 Waterfront 19.8%
(Includes River and Lake Properties)
(excluding new construction) 12.5%
aQ"%AW S %B0MoQ000= nassaLEs MSW w
' 1997 THRU 2003 GROWTH IN
RESIDENTIAL ESTIMATED MARKET VALUE AND TAX CAPACITY
' MEDIAN SINGLE FAMILY VALUE AND TAX CAPACITY TAX YEARS 1997 THRU 2004
Median Value Percentage Tax Capacity Percentage
' Change Change
Single Family Residential $77,700 N/A $834.00 NIA
Payable 1997
Single Family Residential o $842.50 1.02%
Payable 1998 $80,000 2.96/0
' Single Family Residential o 0
Payable 1999 $84,000 5.00 /o $903.00 7.18 /o
Single Family Residential o $992.65 9.93%
Payable 2000 $90,100 7.26 /o
Single Family Residential $105,600 17.20% $1,248.40 25.76%
Payable 2001
1
Single Family Residential $119,300 12.97% $1,193.00 -4.44%
' Payable 2002
Single Family Residential $140,200 17.52% $1,402.00 17.52%
Payable 2003
Single Family Residential o 0
Payable 2004 $152,000 8.42/0 $1,520.00 8.42/0
Current state law limits the rowth in taxable value to a 12% increase from the previous 9 ears P Y
taxable value, or 20% of the difference, whichever is more. The actual median taxable market value
for single - family properties in Brooklyn Center is $129,500 for the taxes payable in 2004, which
represents the typical home.
a.M)"%Ass SMOG D=03uwwbwSC.XLsNaws w o,paaty
' 04/29/2003
2002 vs 2003
VALUATION CHANGES FOR
BROOKLYN CENTER RESIDENTIAL PROPERTIES
Payable 2003 TO 2004
INCLUDING IMPROVEMENTS
' PERCENTAGE OF PERCENTAGE OF
CHANGE NUMBER OF PARCELS RESIDENTIAL
PARCELS
1 -51 % to -99% 1 0.01%
-34 % TO -20 % 1 0.01%
- 19 %TO -10% 1 0.01%
-9 % TO -1% 24 0.3%
NO CHANGE 53 0.7%
+1% TO +5% 898 12.2%
+6% TO +10% 3,357 45.8%
+11% TO +20% 2,573 35.1%
+21 % TO +30% 335 4.6%
+31 % TO +40% 60 0.8%
+41 % TO +50% 11 0.1%
+51 % to +650% 20 0.3%
TOTAL 7,334 100.0%
' Parcels with increasing values - 7 ,254 98.9%
' Parcels with an increase of more
than 10% - 2,999 40.9%
i
Parcels with an increase of more
' than 20% - 426 5.8%
Parcels with declining values - 27 0.4%
Typically homes with declining values resent homes that have been damaged by fire and /or
YP Y 9 represent
homes under renovation not completed at the time of the assessment.
Note: Approximately 99% of all residential properties in Brooklyn Center will have a taxable market
value that is less than the assessed market value for the 2003 assessment for taxes P a Y able in 2004.
Some of the larger increases were a result of adjustments to land values.
GiDpIS�A8SE3"0ARD1200TfOROWTM3 .XL3P003GROW1'H 05/0112003
t
t
CITY OF BROOKLYN CENTER
Assessed 003 Valuation Change
1
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Single' Family x2esidentiat200:1:Compansvr :�7alue &.:
Revised 2/8/01
Number Media % Change Average Average Ratio # Ratios % Ratios # Ratios % Ratios
O O O 0
of Safes Ratio � C.O.D. o value E.M.V. Sale Price Range Under 8 /° Under 85 O ver 1 O 5
Area � T 5 de /o � 05 /o er 10 /o
Lek: Y I.. <- I _.3:..
` L:�;�';. z .h. .`•,r tg}; d`�y..ne4' �;c':�",':. " :<si. s,'.:s., ,�;' . .. >>, 5„ u.
:•ar, : .ssL,„,:�.,.: :a...'.&i.' ��`.FAtd .':`r. -.n•.. .;...., { >. >.' :. >ax.t.':iw.:i. :,i.. .;�..' .it &.... "w. "..L.t ,.
y < F
:�:- ..:::fie ,.. X..•. .{'. .. :<: .a....,«W.f <'. f:�xx ...�+s"v....... 9py " "� aw....� x .. '" �
03 Asmt City (All Residential) 431 96.6 6.7 9.9% $153,253 $158,398 79.0 -129.9 26 6.03% 66 15.31%
02 Asmt City (All Residential) 444 96.5 6.5 15.7% $134,700 $138,800 73.1-131.0 16 3.60% 75 16.89%
01 Asmt City (All Residential) 377 95.8 6.3 15.5% $119,976 $125,382 79.4-125.7 22 5.84% 42 ! 11.14
00 Asmt City (All Residential) 360 94.8 7.1 14.7% $105,579 $110,661 72.3-104.1 30 8.33% 49 I 13.61%
99 Asmt City (All Residential) 383 94.9 6.3 8.0 $90,044 $95,113 j 74.0 -135.9 32 8.36% 41 10.70%
xe:. F..
03 Asmt Townhomes 55 98.0 5.5 �10.0% $122,700 $126,000 81.9-117.9 1 1.82% 8 14.55%
02 Asmt Townhomes 55 95.9 5.8 15.4% $110,100 $115,200 , 80.4-115.6 5 9.09% 5 I 9.09%
01 Asmt Townhomes 49 95.7 6.6 21.4% $95,476 $98,576 85.2 -132.1 0 0.00% 7 14.29%
00 Asmt Townhomes 67 94.7 5.8 i 12.3% $78,112. $82,891 74.9-114.6 6 8.96% 4 5.97%
99 Asmt Townhomes 60 94.4 6.1 5.6% $69,272 $7 76.5-128.1 4 6.67% 4 6.67%
W ,. k. ..yns ,R t7 "s aJk �:' •:7:4•ti.:$
... »snT •: •T,. ' « a.�<.: > rS "F ' ..
03 Asmt Doubles 5 99.8 4.3 25.5% $224 xs . ,300 $227,600 91.0 -105.2 0 0.00% 1 20.00%
02 Asmt Doubles 0 0.0 0.0 0.0% $178,200 $0 0 0 0.00% 0 0.00%
01 Asmt Doubles 1 95.8 0.0 1 8.9% $159,500 $166,500 95.8 0 0.00% 0 0.00%
00 Asmt Doubles 2 94.8 0.2 15.1% $136,900 $144,350 94.8 0 0.00% 0 0.00%
99 Asmt Doubles 6 94.4 4.1 4.8% $123,450 $127,767 93.0-103.9 0 0.00% 0 0.00%
�, a�.. ��x „ #: : >��;;;;�" .��• `�s. ���,x• � :� • sew
K -
e'
'�'"°'. n� �,n...,;s �
03 Asmt Condo's 6 96.7 5.6 d 15.8% $87,000 $90,600 86.2 -105.9 0 0.00% 1 16.67%
02 Asmt Condo's 9 95.8 4.9 14.9% $80,700 $84,800 86.8-108.1 0 0.00% 1 11.11%
01 Asmt Condo's j 6 97.9 6.60 J 19.6% $65,517 $68,200 1 84.8 -107.9 1 16.67% 1 16.67%
00 Asmt Condo's 8 94.8 5.4 9.1% $57,800 $63,238 79.6-98.0 2 25.00% 0 0.00%
99 Asmt Condo's 10 95.1 4.4 0.8% $50,200 $53,855 84.5. 1 10.00% 0 0.00%
Prepared by CITY OF BROOKLYN CENTER 04/29/2003
RESIDENTIAL SALE INFORMATION
' FROM REALTORS MLS SYSTEM
CITY OF BROOKLYN CENTER, MN
YEAR NUMBER OF AVERAGE % CHANGE MEDIAN SALE % CHANGE
SALES SALE PRICE PRICE
1998 344 $98,679 11.35% $97,900 10.12%
1999 323 $115,439 16.98% $120,500 23.08%
2000 118 $128,456 13.47% $143,948 30.86%
' 2001 452 $142,706 11.09% $144,900 0.66%
2002 444 $157,313 10.24% $157,600 8.76%
' 2003 86 $160,263 1.88% $161,500 2.47%
* MLS data collected has changed starting with the 2001 assessment. MLS data now inclu
' townhomes and condominiums.
Average January 2000 assessed value of single family homes
1 in Brooklyn Center is $ 105,600
Average January 2001 assessed value of single family homes
in Brooklyn Center is $ 135,098
' Average January 2002 assessed value of single family homes
in Brooklyn Center is $140,540
Average January 2003 assessed value of single family homes
in Brooklyn Center is $153,700
G:IDe ts1ASSESSWARD42002 002 MLS SALES.XLS MLS SALE INFO
n If2 1
04/29/2003
- - - - - -
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0 575 s Drive -... Minneso 952.933.9020 www.mp lsrealtor.com
20112 HOME SALES A►S RE'QRTED BY MLA PARTICIP`A►NTS (Smg1 Fm>l�y awd Conclu/Town�olgItiwY
DISTRICT TOTAL BEDROOMS DOLLAR AVERAGE MEDIAN
' NUMBER $ NAME SALES 1 2 3 4+ VOLUME PRICE PRICE
Division III
Minneapolis
300 Calhoun - Isles 40 46 131 152 131 $171,647,992 $ 3019 $130,000
301 Camden 706 32 223 362 89 91,934,773
302 Central 376 192 154 28 2 102,988,942 273,907 240,250
303 Longfellow 397 21 169 177 30 69,798,373 175,815 169,900
304 Nokomis 904 44 294 436 130 172,08,401 191,160 179,000
' 305 North 436 9 92 228 107 53,340,421 122,340 123,150
306 Northeast 516 22 157 262 75 87,149,099 168,894 163,000
307 Phillips 62 2 14 26 20 8,063,896 130,063 130,450
308 Powderhom 356 12 89 10 75 56,686,472 159,232 158,000 271,354 238,000
309 Southwest 920 19 216 514 171 2 7.1146 197,087 180,000
310 University 87
15 31 2B 15
Suburban and other areas 84 68J 0
695 187,495 170,9
340 Buffalo 345 2 117 132 94
341 Wright County 1,815 51 646 772 446 348,634,124 192,085 175,625
342 Hutchinson 336 4 99 158 75 46,436,01 138,202 125,000
343 McLeod County 231 1 55 116 59 29,705,194 128,594 122,400
164,450 164,900
360 Robbinsdale 281 11 68 157 45 46,210,368
361 Crystal 410 8 83 259 0 67,248,508 164,021 163,000
' 362 New Hope 269 8 26 157 78 48,544,730 10,464 183,000
363 Brooklyn Center 444 4 102 250 86 69,847,10 15T,313 157,600
384 Brooklyn Park 1,350 20 293 566 471 247,239,285 183,140 178,00
365 Maple GrovelOssso 1,303 12 359 456 476 308,686,078 236,904 201,000
366 Champlin 438 82 193 163 90,164,644 205,855 183,500
367 Hennepin Co North 400 1 69 188 142 91,972,430 229,931 222,005
368 Hennepin Cc NW 221 1 14 77 129 87,682,192 396,752 268,500
370 Sibley County 84 1 21 11,282,593 134,317 129,900
373 Golden Valley 6 3 0 164 109 89,905,427 245,643 214,950
374 Plymouth 1,276 29 375 355 517 338,644,328 265,395 238,750
117 314 79 0,367,783 182,861 180,500
378 Richfield 527 17
379 Bloomington -East 361 23 79 165 74 64,128,902 177,642 10,00
380 Bloomington - West 855 39 211 338 267 197,922,40 231,488 202,00
381 Lake Minnetonka 943 26 152 354 411 432,626,294 458,777 337,205
385 Edina 833 61 188 285 299 294,116,109 353,061 285,000
386 Hopkins 238 44 83 81 30 41,20,761 173,365 154250
198 291 279 240,030,893 298,175 240,000
387 Minnetonka 805 37
391 St, Louis Park 812 75 222 424 91 158,496,303 195,192 184,950
' 392 Eden Prairie 1,283 6 394 363 520 397,414,833 95,475,70 308,243 239,00
394 Carver County 40 6 94 197 163 21 189,032
395 Waterfront 0 0 0 0 0
396 Chanhassen 472 1 125 114 232 141,558,102 299,911 259,900
397 Chaska 399 0 79 168 152 96,948,758 242,979 207,000
398 Victoria 95 0 5 37 53 30,252,088 318,443 289,90
' 399 Out of Town
Division 11
600 West St Paul 258 10 66 135 47 46,027,223 178,400 165,250
602 South St. Paul 301 2 76 170 53 48,747,265 161,951 159,850
604 Mendota - Lllydale- Mendota His 154 2 40 0 52 45,351,226 294,488 261,500
'
7 0 1 0 605 Sunfish Lake 8 7,440,000 1,062,857 745,000
608 Inver Grove Heights 410 0 134 133 143 ,, 228,108 187,00
93524266
1,198 36 375 391
810 Eagan 396 256,682,00 214,259 192,00
612 Burnsville 1,084 45 352 340 $47 216,510,453 199,733 185,000
614 Apple Valley 1,110 21 411 344 334 228,919,025 206233 184,90
616 Rosemount 378 3 86 155 134 86,350,454 228,440 198,000
617 Hastings 326 1 76 140 109 65,968.386 202,418 179,900
818 Eastern Dakota County 22 0 1 15 6 5,135,00 233AN 225,500
' 624 Farmington 527 2 88 245 192 109,218,335 207,245 195,00
626 Lakeville 951 3 66 340 542 250,198,010 263,089 239,90
628 Southern Dakota County 29 0 4
8 17 5,684,785 196,027 10,000
' 830 Northfield 267 0 61 121 85 54,619,837 204,569 184,90
632 Rice County 335 7 75 164 89 55,143,229 164,07 146,000
' 640 Shakopee 685 1 244 240 200 140,043,401 204.443 176,500
642 Prior Lace 514 3 0 212 239 147,01,871 285,996 245,000
844 Savage 573 2 0 221 270 143,282,737 250,057 227,00
646 Jordan 89 0 16 46 27 18,061,688 202.940 182,000
648 Now Prague 20 2 52 148 78 0,037,133 214,418 195,000
050 Belle Plains 146 1 44 67 34 26,10,642 179,388 172 300
' 058 LeS usur County 176 5 35 83 83 22 930.880 130,289 121,500
060 Goodhue County 406 10 108 189 99 67,565,811 166,418 141,70
Division 1
102 Falcon Hts- Lauderdale - Roseville 413 28 104 174 107 85,328,910 206,08 194,000
705 Lino Lakes- Hugo - Centerville 693 0 143 333 217 164,994,666 238.088 215,20
706 Norge Central Suburban 391 9 133 132 117 104,385.358 266,970 194,000
' 707 Ham Lake 194 1 9 88 96 51,374,694 264,818 252,185
708 White Bear Area 757 15 199 315 228 189,285,853 250,047 199,900
709 Forest Lake Area 422 5 81 193 143 100,514,501 238,186 209,473
710 Northeast Anoka County 122 2 24 64 32 27,755,099 227,01 223,500
711 Southern Chisago County 727 5 182 373 167 143,177,895 196,943 179,00
' 712 Maplewood -North St Paul 605 7 128 284 186 121591,784 200,978 10,40
T13 Bethel 168 3 19 91 65 35,853,836 213,416 199,900
T14 Phalan 421 10 113 230 68 59,334.081 140,936 139,00
716 H111crestlH=el Park/Dayton's Bluff 772 20 179 463 120 109,725,193 142.131 143,00
720 Southeast St Paul 151 2 33 78 38 26,055,098 172,550 173.00
721 Lakeland- Afton - Denmark 97 1 20 42 34 33,670,046 347,114 20,000
722 Newport-St Paul Park -Cttge Grove 642 1 83 295 263 124,810,448 194,409 179,950
725 Pine Springs -Lake Elmo - Oakdale 555 5 763 209 178 120 255,322 216,676 10,00
726 Woodbury 1,321 8 483 317 513 327,906.498 248226 227,500
' 727 SGIlwateF 163 349 098 285,575 238,50
Bayport 572 3 114 226 229 27,527,178 147,204 146,000
726 Riverview- Cherokee 187 4 52 99 32
736 Hama Croft -W 7th 109 5 38 51 15 16.240,472 148,995 149,90
(Continued on page 6)
®MwneapoLs Area Association of REALTORS®
2002 Residential Activity Report • February 2003 • 3
I
Listings Total Dollar Unit Average
Processed Volume Sales Sales Price
1977 38,879 1,115,698,038 23,271 47,943
1978 36,095 1,296,246,066 22,780 67,178
1979 40,007 1,351,465,288 20,466 66,417
1980 37,018' 1,340,772,915 18,351 74,069
1981 35,580 1,249,787,584 15,675 80,238
1982 41,465 998,693,468 12,193 82,288
1983 50,794 1,344,916,756 15,914 64,953
1984 53,646 1,544,535,531 18,231 85,007
1985 51,492 1,866,291,153 21,335 87,789
1986 58,382 2,523,647,113 28,015 90,319 1977 - 1996 -All property types
' 1987 55,422 2,460,309,115 25,772 95,914
1968 80,771 3,211,389,403 34,244 93,977 All MLS districts
1989 89,170 3,277,302,913 33,962 96,658
1990 78,548 3,372,262,409 34,496 98,016
1991 71,850 3,522,813,135 35,598 99,402
1992 72,730 4,309,040,911 41,944 103,264
' 1993 70,685 4,300,305,967 39,842 107,569
1994 63,369 4,733,426,199 42,454 111,806
1995 64,556 4,941,765,241 42,310 117,053
1998 7 axii n R1R RAR q drj MA 194 n92
1997 63,189 5,680,945,013 41,441 137,085
1998 64,280 7,046,446,631 47,836 147.3as 1997 -2002 - Single family detached,
' 1999 57,573 7,620,974,435 46,675 163,277
2000 59,618 8,754,809,444 48,208 181,605 condos, townhouses and twin homes.
2001 71,661 10,217,347,550 50,298 203,136 13 county metro area only
2002 73,940 11,560,215,661 52,231 221,329
-1994 � 1896 � £ w �,�� r � � ��; wz} 4991 ?A�2 Sin�ifs_ Family :°� sirigle� fiarnll�C detachf�fl, candos� ��~ � � 4 ;
Singlf�: Family � Sirigi Family +onhl i,.. � � � � <� x :.. tovm�ouses - and twin horns. ,
1994 1995 1996 1997 1998 1999 2000 2001 2002
' Minneapolis Division iii
300 Calhoun4sles $178,990 $213,029 $240,692 Minneapolis
301 Camden 55,026 59,129 61,818 300 Calhoun -isles $229,227 $233,049 $290,226 $296,188 $351,333 $373,148
302 Central 73,000 78,000 71,200 301 Camden 62,859 70,029 79,724 93,216 113,612 130,219
303 Longfellow 73,246 76,169 79,389 302 Central 113,221 134,011 156,853 200,293 217,375 273,907
304 Nokomis 84,565 87,633 93,607 303 Longfellow 87,228 95,665 112,882 130,985 155226 175,815
305 North 43,953 45,568 47,793 304 Nokomis 97,652 106,728 122,473 142,080 170,066 191,160
306 Northeast 65,748 72,361 76,685 305 North 52,578 58,471 64,408 78,102 99,441 122,340
307 Phillips 32,732 35,962 47,865 306 Northeast 80,518 92,328 110,983 128,335 148,796 168,894
306 Powderhom 57,002 68,487 61,700 307 Phillips 46,598 50,289 59,086 87,570 117,363 130,063
' 309 Southwest 128,723 136,642 149,515 308 Powderhorn 63,840 73,010 88,048 105,359 134,277 159,232
310 University 83,946 87,105 94,124 309 Southwest 153,032 163,434 198,231 219,038 246,128 271,354
Suburban and other areas 310 University 102,507 118,239 121,016 148,263 181,312 197,087
' 340 Buffalo 101,236 108,085 107,261 Suburban and other areas
341 Wright County 93,406 102,149 112,384 340 Buffalo 123,323 133,514 140,802 169,647 176,167 187,495
342 Hutchinson 79,526 94,521 100,184 341 Wright County 119,875 123,720 142,231 162,416 179,048 192,085
343 McLeod 66,646 82,519 76,301 342 Hutchinson 108,399 110,720 117,513 119,572 129,042 138,202
360 Robbinsdale 82,274 84,796 89,933 343 McLeod 84,394 96,016 109,609 109,231 126,988 128,594
' 361 Crystal 80,663 84,911 89,841 360 Robbinsdale 93,014 101,072 114,578 131,249 152,150 164,450
362 New Hope 103,443 108,340 112,352 361 Crystal 96,034 103,096 113,106 129,017 153,720 164,021
363 Brooklyn Center 78,878 82,562 85,072 362 New Hope 113,556 118,487 130,235 146,715 161,770 180,464
364 Brooklyn Park 105,641 109,632 115,912 363 Brooklyn Center 85,597 94,362 110,822 124,435 142,706 157,313
365 Mple Grve I Gas 142,872 143,879 162,546 364 Brooklyn Park 110,226 118.692 134,822 151,298 169,395 183,140
386 Champlin 113,051 120,806 128,154 365 Maple Grove I Des 152,244 162,065 182,643 200,674 214,828 236,904
367 Hnnepin Cc No 136,165 134,811 155,194 366 Champlin 121,868 136,315 148,557 173,531 191,458 205,855
368 Hnnepin Cc NW178,293 171,131 202,010 367 Hennepin Cc No 167,589 184,638 174,515 206,833 217,317 229,931
370 Sibley County 75,038 60,611 67,830 368 Hennepin Cc NW 238,230 236,187 263,877 310,009 344,611 396,752
373 Golden Valley 132,215 137,388 141,432 370 Sibley County 104,890 83,240 93,540 99,849 112,158 134,317
374 Plymouth 187,918 203,651 208,268 373 Golden Valley 139,936 150,858 177,548 196,321 219,014 245,643
378 Richfield 92,260 96,095 100,655 374 Plymouth 185,667 192,689 215,180 226,656 252,473 265,395
379 Blmington - E 94,569 99,179 103,313 378 Richfield 104,285 111,959 127,766 141,573 160,101 182,861
380 Blmington - W 156,131 161,256 162,771 379 Blmington - E 109,135 113,733 127,656 144,184 165,828 177,642
' 381 Lake Mika N 306,287 238,422 `256,502 380 Blmington - W 164,137 160,297 174,290 198,693 213,478 231,488
382 Lake Mika W 144,015 381 Lake Mika N 274,426 297,661 351,529 391,826 422,298 458,777
383 Lake Mtka S 262,619 385 Edina 217,592 247,019 278,355 298,541 328,204 353,081
385 Edina 226,948 243,550 250,658 386 Hopkins 97,494 105,506 126,980 130,129 159,910 173,365
' 386 Hopkins 107,208 116,266 128,959 387 Minnetonka 189,050 193,887 219,510 247,102 265,938 298,175
387 Minnetonka 184,818 194,061 207,265 391 St Louis Park 112,345 120,049 141,235 156,214 179,190 195,192
391 St Louis Park 106,856 111,008 119,402 392 Eden Prairie 200,285 206,091 228,812 265,131 305,008 308,243
392 Eden Prairie 206,057 218,497 225,066 394 Carver County 137,933 143,562 156,776 172,728 205,973 211,771
394 Carver County 109,824 124,278 134,932 396 Chanhassen 205,974 207,250 224,760 256,782 285,722 299,911
' 395 Waterfront 92,295 97,030 108,997 397 Chaska 157,549 165,175 188,103 208,377 237,662 242,979
396 Chanhassen 182,828 206,592 215,608 398 Victoria 234,514 239,756 253,538 294,411 285,423 318,443
397 Chaska 132,502 145,115 165,211
398 Victoria 207,068 185,296 224,754
399 Out of Town 73,861 68,489 82,533 * Lake Minnetonka area combined in 1995
8 • 2002 Residential Activity Report February 2003
s i�tcludes H�ennepiu, Carver, McLevd, Sibt�ey' {and�some k � � ,
< V - - �IVISI(Jl�T� III -- �a8 � wri�ta counties ��ta the - sec changes- nnaae -- - -
.._,
1
i
Bu /368 367
Buffalo Hennepin County North 366
i 364
i 341 365
Wright Hennepin County NW 1 3
360 63
County 361
i 374 362
0 Plymouth 301 306
B 373 305
x Golden Valley 302 310
1 � z�
c
391 300 307 303
381 3
o Lake Minnetonka S Louis Park 308
i 387 38V 309
� _ 304
M
3 9 6 385 378 Airport
M I 398 Chanhassen Edina Richfield
392 379
i Eden Prairie Bloomingto
380
Bloomington ast
394 Carver County Ch West
Chaska
1
i Suburban and other areas 380 Bloomington West
381 Lake Minnetonka
340 Buffalo 385 Edina
341 Wright County 386 Hopkins
i 342 Hutchinson 387 Minnetonka
343 McLeod County 391 St. Louis Park
360 Robbinsdale 392 Eden Prairie
361 Crystal 394 Carver County
' Minneapolis 362 New Hope
300 Calhoun - Isles 363 Brooklyn Center 396 Chanhassen
301 Camden 364 Brooklyn Park 397 Chaska
302 Central 365 le Grove /Osseo 398 Victoria
i 370 Sibley County M�
303 Longfellow 366 Champlin
` 304 Nokomis 367 Hennepin Co North
305 North 368 Hennepin C. NW
306 Northeast 370 Sibley County
' 307 Phillips 373 Golden Valley
308 Powderhom 374 Plymouth
309 Southwest 378 Richfield
310 University 379 Bloomington East
I
12 2002 Residential Activity Report February 2003 ®Minneapolis Area Association of ltE�u TORS®
1
CITY OF BROOKLYN CENTER
2002 TOWNHOME SALE ANALYSIS
SALES FROM OCTOBER, 2001 TO SEPTEMBER, 2002
NBHD TOWNHOME COMPLEX # of Units # SALES AVG. SALE PRICE
100 Evergreen Estates 8 1 $130,000
105 Rosemary Terrace 10 0 No Sales
110 Humboldt Square 8 0 No Sales
115 Riverwood 21 3 $118,800
120 Brookwood 32 1 $125,000
125 Northbrook Est. 8 1 $113,500
130 Madsen Floral 28 1 $137,000
140 -144 Moorwood 35 1 $124,000
150 -152 Hi -Crest 60 9 $127,122
160 Earle Brown Farm Estates 100 9 $119,089
170 -172 Earle Brown Farm Townhomes 20 1 $148,900
180 -188 Creek Villas 103 9 $131,511
190 -194 Mallard Creek 205 19 $125,692
195 Beard Ave 4 0 No Sales
196 Riverwood Estates Townhomes 21 3 $203,770
Totals 663 55
TOWNHOME SALES BY STYLE
# SALES TOWNHOME STYLE AVG. MKT VALUE AVG. SALE PRICE
9 Rambler $106,217 $112,167
20 Split Entry/ Split Foyer $133,525 $133,983
1 Split Level $141,100 $137,000
0 1 112 Expansion $0 $0
28 Two Story $121,014 $122,600
* Rambler average does not include new construction sales from Riverwood Est. TH's
G: \Depts\ASSESS\ BOARD \2003\[THSALES.XLS]Townhomes Sales 2003
' Growth Analysis of Townhome Neighborhoods
2003 Assessment
Nbad # Townhome Complex Percent of Growth
' 100 Evergreen Estates 9.6%
' 105 Rosemary Terrace 3.4%
110 Humboldt Square 4.1%
115 Riverwood 9.9%
120 Brookwood 8.7%
125 Northbrook Estates 14.9%
130 Madsen Floral 12.0%
140-144 Moorwood 8.3%
' 150-152 Hi -Crest 13.4%
160 Earle Brown Farm Estates 17.4%
170 -172 Earle Brown Farm Townhomes 5.7%
'
180-188 Creek Villas 9.9 %,
190-194 Mallard Creek 10.4%
195 Beard Avenue Condo's 7.2%
196 Riverwood Estates N/A
Townhomes in Brooklyn Center saw an average increase of 10% in
' the 2003 assessment for taxes payable in 2004, excluding new
construction.
i
03/26/2003
HENNEPIN HENNEPIN RESIDENTIAL SINGLE FAMILY HOUSES (PROPERTY TYPES R,RL)
COUNTY ESTIMATED MARKET VALUE MEDIANS
1994 1995 1996 1997 1998 - 1999 2000 2001 2002 2003
BLOOMINGTON 100,000 105,000 108,000 114,000 118,000 125,600 139,100 157,000 178 195,700
PRPPIIV
'[0 999,300
- L
PP 152.666
BROOKLYN PARK 84,000 88,000 93,000 96,000 101,000 109,000 122,300 140,100 160,800 173,700
CHAMPLIN 89,000 96,000 96,000 101,000 105,000 114,000 124,900 145,900 163,700 181,300
4 66
'
---
114 0
000�
CRYSTAL 76,000 77,000 80,000 84,000 88,000 95,000 107,600 123,000 142,000 157,000
DAYTON 97,000 105,000 107,000 116,000 121,000 133,000 145,000 159,000 181,000 204,000
EDEN PRAIRIE 138,000 150,000 161,000 168,000 177,000 186,000 204,700 230,600 258,700 287,500
EDINA 162,000 168,000 176,000 180,000 184,000 205,500 229,000 263,500 304, 100 315,300
EXCEI:$IOR 98 000 106 000. 119 500 { ......... .
Poo 1 60 , 000' -' l qqq P mppi
21,
GOLDEN VALLEY 110,000 115,000 118,000 123,000 126,000 137,000 152,000 172,000 194,000 214,000
GREENFIELD 102,000 108,000 117,000 126,000 138,000 158,000 181,000 200,500 233,050 272,000
r ; 5497,50 0 - T-n
HANOVER 113,000 121,000 126,000 135,000 138,000 146,000 170,000 197,000 235,000 257,000
HASSAN TOWNSHIP 107,000 115,000 127,000 134,000 149,000 156,000 179,000 196,000 223,000 240,000
INDEPENDENCE 118,000 133,000 143,000 160,000 166,000 176,000 207,350 233,600 272,300 324,100
LONG LAKE 100,000 105,000 112,000 115,000 118,000 128,000 141,000 159,000 183,000 191,000
'",
fZ3
. .. . P7 :Ppo ' ", U- _P' �' -. ---
Apq - - .,Ppq ,
MAPLE GROVE 106,000 112,000 118,000 124,000 130,000 140,000 156.500 175,000 199,700 217,200
MAPLE PLAIN 95,000 103,000 108,000 109,000 111,000 126,000 135,500 153,000 169,400 191,000
54,50p 411
MA
- MEDINA 140,000 152,000 159,000 171,000 180,000 203,000 225,000 274,700 311,800 358,000
MINNEAPOLIS 67,000 68,000 69,000 75,000 80,000 89,000 104,000 128,500 146,000 165,500
"2Q2 200: 750
126,000 134 _ ,142,000 x160 000 ,:
op
MINNETONKA BEACH 267,000 280,000 302,000 317,000 332,000 355,000 408,000 547,000 639,000 670,000
MINNETRISTA 160,000 176,000 185,000 199,000 211,000 236,500 268,000 310,800 358,500 382,000
0 00
04.0 00
NEW HOPE 91,000 97,000 99,000 104,500 110,000 117,000 130,000 146,000 167,000 183,000
ORONO 1 .,11,88,000 200,000 212,000 227,000 259,000 297,000 371,000 419,000 485,000
Rol
- 4 7 ......
77 0
- 2
PLYMOUTH 138,000 147,000 155,000 160,000 165,000 174,000 193,000 219,700 245,000 263,300
RICHFIELD 82,000 85,000 88,000 95,000 98,000 105,500 119,000 135,000 153 ,000 174,000
ROBRIIJSI�ALE
, c I
-70 ApAp",
ROCKFORD 85,000 87,000 93,000 101,000 104,000 107,500 118,000 135,000 159,100 173,000
ROGERS 96,000 113,000 116,000 125,000 135,000 144,500 164,400 185,000 203,700 221,200
WpQ- q : (60 , 000 - 4,000 201,00
ST. BONIFACILIS 87,000 93,000 101,000 108,000 120,000 122,000 138,500 163,000 176,000 199,000
ST. LOUIS PARK 86,000 91,000 94,000 99,000 105,000 114,000 126,400 146,900 169,300 185,000
SHOREWOOD
151' 0 00
164,000 172,000 ,1$1,000 190.000 20§!qQq'L'' 21$ ,000 24 -00
SPR ING i� RK 89,000 94,000 104,000 110,500 122,000 130,500 166,500 188,000 221,000 259,000
TONKA BAY 157,000 168,000 174,500 192,500 207,500 217,000 260,000 313,000 392,000 442,000
168 000 -- 302,800
- 18pippo., 1 98 1 000
66,
-WAYZATA - 139 _-�J46'000 151,ow, 1 -.
WOODLAND 328,000 346,000 355,000 355,000 379,000 397,000 454,000 560,000 686,000 722,000
'BURBAN HENNEPIN 116,000 121,000 130,000 145,300 165,500
187,900 206,100
ALL HENNEPIN 105,000 110,000 120,000 134,500 155,400 176,200 194,500
1
03111,03
I UNICIPALITY #SALES % MEDIAN MEAN COD MUNICIPALITY #SALES % MEDIAN MEAN COD
,; �AINGTON 840 3.95% 95.7% 96.6% 7.0 MEDINA 45 3.52% 95.6% 97.3% 6.5
OOKLYN CENTER 376 5.16% 96.5% 96.9% 6.5 MINNEAPOLIS 4,970 6.65% 96.5% 98.0% 11.1
�OOKLYN PARK 827 5.44% 95.1% 95.3% 5.9 MINNETONKA 475 3.68% 97.5% 97.3% 5.5
CHAMPLIN 294 4.69% 97.7% 98.0% 6.4 MINNETONKA BEACH 3 1.32% 95.8% 98.3% 5.4
L ORAN 35 2.32% 96.0% 98.2% 6.0 MINNETMSTA 54 3.56% 96.6°/6 95.1% 8.4
t ysTAL 375 5.14% 95.1% 96.0 6.0 MOUND 145 4.51% 96.5 96.4% 8.7
DAYTON 29 2.28% 96.5% 96.8% 8.3 NEW HOPE 208 4.56% 95.8% 95.6 5.3
I EEPHAVEN 51 3.68 95.2% 96.8% 7.0 ORONO 110 3.79% 95.9% 96.9% 8.2
I DEN PRAIRIE 617 5.13% 95.7% 96.0% 5.4 OSSEO 26 4.30% 94.8% 95.3% 6.6
EDINA 503 4.03% 96.1% 96.6% 8.3 PLYMOUTH 596 3.97% 95.3% 95.3 6.8
I xCELSIOR 25 5.24% 95.0% 93.7% 5.9 RICHFIELD 485 4.92% 95.7% 96.0% 6.7
OLDEN VALLEY 238 3.81% 95.6% 96.9% 7.7 ROBBINSDALE 245 5.70% 95.1% 95.9% 2.7
INFIELD 15 2.12% 97.0% 98.3% 8.2 ROCKFORD 2 4.55% 98.3% 98.3% 4.7
F REENWOOD , 12 4.23% 96.1% 95.5% 6.9 ROGERS 57 3.58% 95.3% 95.5% 4.7
HANOVER 1 0.88% 95.1% 95.1% 0.0 ST ANTHONY 55 3.19% 95.8% 96.7% 7.1
SAN 16 212% 97.2% 95.8 %, 5.5 ST BONIFACIUS 33 5.13% 96.0% 98.6% 7.6
�OPKINS 108 4.61% 94.6% 95.9% 6.3 ST LOUIS PARK 597 5.19% 95.7% 96.8% 6.9
INDEPENDENCE 22 21% 96.6% 97.3% 4.9 SHOREWOOD 90 3.98% 96.5% 96.5% 7.6
L GLAKE 26 5.2% 95.4% 95.2% 6.1 SPRING PARK 6 2.99% 96.3% 96.8% 4.8
I LORETTO 11 5.88% 96.7% 96.2% 5.1 TONKABAY 30 4.92% 95.1% 96.6% 7.9
MAPLE GROVE 606 4.5% 96.1% 96.0 4.7 WAYZATA 32 3.63% 96,8% 95.0% 5.7
'MAPLE PLAIN 19 3.7% 95.6% 95.6% 5.4 WOODLAND 7 3.78% 95.6% 97.1% 3.5
1 MEDICINE LAKE 0 0.0% 0.0% 0.0% 0.0 SUBURBAN HENNEPIN" 8,347 4.38% 95.9% 96.3% 6.3
*PROPERTY TYPES: B,BJ,D,DJ,P,R,RL ALL HENNEPIN" 13,317 5.02% 96.1% 96.9 8.1
}3 EMV / 10 -2001 THRU 9 -2002 SALES
i=
i OTAL FIGURES (EXCEPT SALES) ARE WEIGHTED MUNIC AVERAGES
1
G3 06t � 000 clo revs& ed C etwe l " ^� of4
cc*ltmc1c A Low i no ro
BROOKLYNCENTER - 316/2003 / Q" RESIDENTIAL STATISTICS SALES:376/7291 5.2% CONDO STATISTICS SALES:4 /233 1.7%
APTS =A,HL ✓ DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD
COM= C,GC,NP 2003 96.5% 96.9% 6.5 2003 96.7% 98.1% 4.7
FARM= BF,F,FF,FP 2002 88.2% 88.3% 7.1 2002 83.9" 84.8% 5.0
LAND= LA,LC,LI,LL,LR
RES= B,BJ,D,DJ,P,R,RL INFERRED RATIOS SALES GROWTH: 9.9% INFERRED RATIOS SALES GROWTH: 15.7%
OTHER = CHANGED PROP TYPE
SAMPLE GROWTH: 9.7% PROP TYPE GROWTH: 10.1% SAMPLE GROWTH: 16.1% PROP TYPE GROWTH: 15.7%
X MEDIAN: 96.8% X MEDIAN: 97.1% X MEDIAN: 97.4% X MEDIAN: 97.1%
X MEAN: 96.9% X MEAN: 97.2% X MEAN: 98.5% X MEAN: 98.1%
COM /IND STATISTICS SALES:51208 2.4% RES ON LAKE STATISTICS SALESA /107 3.7% TOWNHOUSE STATISTICS SALES:35 /640 5.5%
DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD
2003 100.0°% 102.7% 7.6 2003 95.0% 98.8% 7.1 2003 98.5% 99.6% 4.6
2002 84.4% 100.6% 27.5 2002 78.5% 76.3% 6.1 2002 89.0% 90.2% 4.9
NFERRED RATIOS SALES GROWTH: 1.3% INFERRED RATIOS SALES GROWTH: 30.5°% INFERRED RATIOS SALES GROWTH: 10.7%
SAMPLE GROWTH: 12.2% PROP TYPE GROWTH: -0.3% SAMPLE GROWTH: 20.4% PROP TYPE GROWTH: 18.9% SAMPLE GROWTH: 10.7°% PROP TYPE GROWTH: 10.0%
(MEDIAN: 94.7% X MEDIAN: 84.2°% X MEDIAN: 94.5% X MEDIAN: 93.3% X MEDIAN: 98.5% X MEDIAN: 97.9%
C MEAN: 112.9% X MEAN: 100.3°% X MEAN: 91.9% X MEAN: 90.7% X MEAN: 99.9% X MEAN: 99.2%
%PARTMENT STATISTICS SALES:5/99 5.1% RES OFF LAKE STATISTICS SALES:374/7184 5.2% DB, TP STATISTICS SALES:3 /56 5.4%
)IRECT RATIOS MEDIAN e96N COD DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD
2003 108. 106.8% 7.9 2003 96.5% 97.0% 6.5 2003 95.0% 95.2% 3.0
2002 7.8% 85.5% 10.0 2002 88.3% 88.4% 7.0 2002 74.8°% 75.1% 1.2
4FERRED RATIOS SALES GROWTH: 19.0% INFERRED RATIOS SALES GROWTH: 9.8% INFERRED RATIOS SALES GROWTH: 26.5%
AMPLE GROWTH: 9.1% PROP TYPE GROWTH: 10.9 % SAMPLE GROWTH: 9.7°% PROP TYPE GROWTH: 9.8% SAMPLE GROWTH: 28.9% PROP TYPE GROWTH: 26.1%
MEDIAN: 86.0% X MEDIAN: 87.4°% X MEDIAN: 96.9% X MEDIAN: 97.0 X MEDIAN: 96.4°% X MEDIAN: 94.3%
MEAN: 93.4% X MEAN: 94.9% X MEAN: 97.0% X MEAN: 97.1% X MEAN: 96.8% X MEAN: 94.7%
STRATIFICATION(SINGLE FAMILY HOMES) RZ STATISTICS SALES:0 /0 0.0%
BY EMV BY PRICE DIRECT RATIOS MEDIAN MEAN COD
# % # % 2003
2 0 -99K 81.3% 1 0-99K 99.4% 2002
376 100 -199K 97.1% 377 100 -199K 97.2%
7 200 -299K 109.8% 6 200 -299K 100.1% INFERRED RATIOS SALES GROWTH:
1 300 -399K 90.6% 2 300 -399K 92.1%
400 -499K 400 -499K SAMPLE GROWTH: PROP TYPE GROWTH: 0.0%
500K+ 500K+ X MEDIAN: 0.0% X MEDIAN: 0.0%
X MEAN: 0.0% X MEAN: 0.0%
Residential 2003 Value -
" "`.
`•, Residential 2003 Values_ REVISED 01115 _ - �
'� � "•', -
- - - - 0404 - -
` Target 97.0 Nu mber Median _ -% _ Average _ _ Av erage Avera _ Ratio # Ratios % Rati # Ratios / Ratios
- 0404 - -
Area of Sales Ratio C.O.D. �han9 Lew( Valuc E.M. . V Sale Price Range Under 85% Under 85% Over 105% Over 105%
City (All Residential)
--- -- 0404 0404 $1 0404 9 26, -- 6.03% - 0404 - - � --
CitySSF 50 -56)_ 431 96.6 6.7 9,9 "/. 31,800 $153,253 5158,398 79.0 - 129.9 26 - 6.03 % 66 1_5.3_1
-
- - 04 -- - - - - - -- 0404 - 0404 - - 0404 - - 0404 -- 0404 0404 - - 0404 0404 -- - 0404
__ 0404 4/02_9/02 (SF 50.5 - _ 246 _ - _93.2, _ _ G.3 - - 31,800 $153,701 $163,707 79,0 - 129,9 24 _ 9,16_% _ _ 21_ - - 0404 8,54_%
- ._ 0404 0404 0404 0404 0404 0404 0404 0404-- 0404 0404 - - - -
0404 - - 0404- - - - 0404- -..
04'04 - - --
N 50 4 914 10.1 16.6% 33,100 5182,125 $196,200 82.8 - 109.6 1 25.00% t 25.00•/«
0404 - 04 04 - 0404 - - 0404 0404 04 04 __ 0404 0404 0404 - 0404 - 04_ 0404 - - 0404 - -- .
- - --- 0404 - 0404-- --
N 51 61 97.3 6..,,,0 0,00%
-- - - -- - -- 04 04 2 128% 31850 5152764 $157715 94.6-114.9 ---843 0416_. - -
- 0404 0404 - 04 l l 18.03
N 52 58 99.2 7.0 12.6% 31350 � S162,383 5162,834 84,3 - 116.7 1 1.72"/. 19 32,76%
- 0404 - 0404 0404 0404 - - 0404 0404 -- 0404 0404 0404 0404 0404 0404 0404 - 0404 - 0404 0404-- - 0404 - 0404 - 0404 0404
N 53 1 _54 97.0 6,2 7.8% 31,350 - _$156,304 _ $159,452 _ 79.0 - 121.7 _ 5 _ 3.25% 30 19. 4_8
0404- - - - - 0 - - - 0404 - -- -1-0.3-4-%-- - - - - -
N 54 116 - 95.3 6.9 9 1 "/. 29 700 5141 653 5149,038 79 1 - 129 9 _ _ 12 _ l2 10.34%_
- 0 '- 0404- $1 0404 - --
N 55 34 92.3 5. 8 4 /. 31 00 5145 238 56 ,995 79.8-110.9
14.71 % 1 2,94 5 _
- - - - 0404 6 904 - - --
N56(R L's) 4 88.3 8.0 12.5% 82,900 5286,500 $309,45 84 .3 -109,3 1 25.00% 1 25.00%
i 0404 - 0404 -- -- - 0404 - 0404 0404 -
0404 0404 - - ----- - - -- 0404-- 0404 --- - -- -- 0404 - -- 0404-- -
_ Qal /Class 0l 0 0.0 0,0 S #D
IV /0 - 0 0404 - #DIV /0!
Q -
�1 /Class 02 0
0404 ' 0404 - 0404 0404 0404 - 0404 - 0404 --
_ Qai /Class 03 _ 1 _ 86.6 S 259,800 S 300,000 86.6 - 86.6_ _ _ 0 0
0404 - 0404 0404 - -" - -' - --
_ - Qal /Class 04 04 66 , _- -4 - - 112.7 6,1 04 04 - - 0404 0404- S 263,225 $ _238, _9_6.4 - / ° /. 117.2 0 _ 0.00 3 75.00 _
Qnl /Clnss 05 10 93.1 6.7 - 0404-- S 202,650 S 218,960 82.8 - 107.7 - 0404 2 20.00 % - - I - -- IO.UO
0404 -
Qai /Class 06 74 101.2 7.2 $ 171,831 S 169,572 79.0-129.9 1 1.35 %, 24 32AA4
' Qai /Class 07 -. _ _ _ 0404 318 95.5 6.1 S 148,062 S 154,824 79.1-117.7 22 - 0404 6.92% 43 - _ 0404 - -13.52 % -
-- - -- 0404 - - --
Qal /Class 0 23 - 99.4 - 0. 0 S 96.5 7,1 S 123,043 S 128,626 80.3-116.0 1 4.35% 4 17.39%
1
04 04 04 _ .04 0404 - - 04 04 - 04 04 83,500 - $__84,000 - - - 9.4 - - 99.4 - 0404 - 04 04 - - a
.0404 <. _ _Qai /Class 09 0466 0404 -_ 0466 9__ 0 0.00 % 0 _ 6604 0.00 " " /.
--
--- 0404 0404 0404 - 0404 -
, - _ 6604 _ Qnl /Class IO -
- - 0404 - -- 0404 - --- ---
-
-----. --
-
QwUClass 12 0 #DIV/0! #DIV /0!
Snlc Price under $70,000 0 0.0 $ - 5 - #VALUE! 0 #DIV /0!
Sale Price 570,11110 to $90,4100 1 99.4 $ 83,500 S 84,000 99,4 _ 0 0.00 #VALUE!
We Price 04 $90,001 to 5105,000 04 3 110.5 2.2 S 114,233 S 102,300 108,5 -116.0 4) 0,00% 3 100.00_°!
- 04 0404 04 040404 0404 - 04_ -
Sale
Price $105,001toS120,000 6 101.2 4.3 S 114,950 5114,150 90,2 -106.9 0 0.00% 2 33.33%
0404 0404 - 6 - 0404 - 0404 - 0404 - -- 0404 -- 0404 -- ---- - ------ 0404 0404 ---- - 0404 - - --- 0404 0404 . 0404 0404 0404 0404 0404 - 0404 -
Sale Price $120,001 TOS150,000 - 152 - 99_1 5,9 S 141,198 S 142,055 80.3 - 129.9 5 3.29"/. 34 22,37 -
0404-- -- -- 0404 0404 -- 0404 - --- -0404 -
- - 0404 - 0404 -------------
Sale Price $150,001 to $180,000 228 _ 94.4 6.2 _ _ _ _ S _ 155,
24 S 163,089 79.1 1 121.7 -121.7 1 _ - 7.46% - - _ 30
- - -- 0404 0404 0404 0404 0404- -- 0404 0404 - 0404 - - --- - 0404 0404 -
Sale Price $x80,0 to $ 200,000 29 96.4 6,U _ _ S 178,048 $ 156,909 83.3 -116.7 1 3.45 % 2 6,90
- - - -- 0404 0404 - 0404 16.7 0404 0404 -- 0404 -- - ---
Sale Price $200,001 to $225,000 5 97 ,4 12.6 $ 212 ,920 S 210,760 82.8 -118,3 1 20.00% 2 _4
P
Sale
0404- rice - 04- $225,001 04- and 04 O ver 04 - -- 7 04040404 - - 04040404 - 0404 0404 - -- - 0 0404 -
90.1 11.3 04 $ 261. S 2 77,529 79.0 -116 2 28.57% - - 2 0404 2 8.57 % -
--- 0404 04 0404 - - - - - � 0404 0404 - -- 0404 0404 - -
1 0404 04� - --
EMV under 570,000 0 0.0 _ # 0 #DIV /0!
0404 0404 0404 - '0404 0404 - - 0404 0404 - 0404 0404 0404 0404 0404 - - - 0404 - - 0404 -- - --
- ' EMV $70,00( to $90, 1 99.4 _ S 83,500 S 84,000 99.4 0 0.00% 0
04 -- - 04`04 - 0404 0404 0404 0404 0404 - 04 0404- -- -- -- - -- 0404 -- 0404 0404 --- 0404- 04" -- 0404 -- -
EMV 590,001 to $105,000 2 90.0 _ 9.5 S (04,650 S 117,324 81.5 -98.6 1 50.00 " /. 0 0.00• /. -
0404 0404 - 04
EMV S
04'0404 -- 0404 - '0404 0404
EMV $105,001 to 5120,000 12 91.4 11 .0 _S 113,875 S 120,725 80,3 -116.0 3 25.00 % 4 33.33
� -- 0404 04 1 20 04 ,0 - 01 --to - 0404 0404 -- 04'04 0404 0404 0404 0404 - 0404 0404- 7.8 0404
$150,000 192 93.9 5.8 0404-- 0404 -- - - - - -- 0404 - S 139,484 S 149,047 79.1 -117.7 15 1 % 8 4.17%
04 0404 - - 040404 04 - 0404 - 0404 0404 04 04 0404 - - 0404 0404 - -- 0404 04 - 0404 --
EMVS150,OOI-toSt8004 ,000 0404- 190 04- 98.0 - 6 ,2 _ �- S 160 ,728 04 _ $04 162,77046 7 .1 - 83.3 -129_9 6604 1 6666 0.53 %_ _ - _47 24.74%
0404 0404 -- --
EM - V$180,001to5200,000 23 101.8 G.t S _ _186,752 S 185,869 79.0.414.9 2 8.70% 9 39.13%
0404 - - - 0404 - 0404 0404 - - --- - 0404 04 04 - 04 0404
EMV $200,001 to $225,000 4 112.2 7 _ S 215,050 S 196,450 95, -1 21.7 _ 0 _ _0.00% 3 6666 75.00%
0404 - - 0404- - 0404- - - ---
EMV 5225 001 and Over 7 109.3 t 1 8 S 273,986 S 270,957 114,3-1.8,3 1 14.29% 4 57.14%
- 0404 - 0404 - - 0404 - 0404 - 0404 - 0404 0404 - - - -
- -' - - - - 0404
Rambler 321 96. 6 7 $151,898 $157,091 79.0-129.9 19 _ 5.92% 53
0404 0404 0404 - 0404- - 0404 0404 0404 -
Spinl Entry - 19 96. 5,9 5165,979 5169,447 86,5 - 113,6 1 5,26 % - 4 21.05%
- 1 - - 00 % - 8 - - 0404- 27.59 - --
- 04 04 0404 - 0404 0404 04 04 - 04 0404
Sslit Level 29 96.7 5 04 $ 1_6 5 ,80 - -- 04 3_ 5►67,886 86.3-121.7 0 0.00 8 '/.
0404 -0404 04 - 0404 --- -- 11.1-0404- ------ 0404 - 0404 - 0404---'
t 1/4 Ex 45 94.7 7.4 1,584 5146 ,..3 5 1% 6 13.33
- 0404 P` S38 983 792 - 115
-- -- ----- - - - - 0404 - - - 0404 - - -- - --
- 04 04 - - - -- 0404-- 0404 - 0404 0404- 0404 - -- 0404-- 0404 -
l/2 Exp. 8 95,1 4,1 5140,313 $149,49 81 -99 .1 1 12.50% 0 0.00 " /.
_- - 0404 0404 -- 0404 0404 -- '0404 0404 0404 0404 --
-- - 0404 - -1 3/4 Exn, -0 0404 - -- - 0404 -- 0404 - -- 0404 - 0404 0404 0404 0404 0404 - - --
-_____ 66 2 Stogy 0404- 9 -_ _99.2 7.7_ -_ 0404 0404 5219,12 - $216,100 82.8 - 116.1 1_ 11.11 % -__ - - 4_ 44.44 % _
influences
6604 _Highway /Freeay( -.O4) _26 92 .7 5,6 5147,200 $156,579 82.8 -117.2 1 3.85% 2 7.
- w - 0404 04 04 0404 0404
Apartments (- .060404-- -.4-- --
0404 0404 - --
L _ 17 _ 91.0 6.0 _ _ _ _ _ _ _ _ $140,412 $154,865 23.53 " /0 0 " /.
0404-- 79,11 - -l - 9.7 04 04 - - 040404 - 0.00 ---
Commercial /Industrial �
-.01 7 92.1 3.9 _ _ _ $154,129 SI 66,957 87.2 -96,9 0 0.00% 0 0.00%
0404 0404 - -- 0404 -- - -- ------- ... 0404 - 0404 -- - - - - -- 0404 0404 0404 --
_ Tlnru Street (-,04) _ 55 95.0 7.8 5144,316 $151,518 79.1 - 117.7 8 14.55% 8 14.55%
' _ 0404 0404 - - - _0404 0404 - 0404 - ' - 0404 0404 0404 ---� 0404 - 0404 0404 0404 0404 0404 ----
_
___ (No Adj.) - - _ - 1 91.6 0.0 $144,20 $1 57,500 _ _ 91,6 -91.6 0.00% _ 0.00%
0404 - 0404 -
Park ( +.03) I8 100,4 5,7 _ 6666 _ _ _ _ _ S165,95 5164,847 89 7 - t 15,3 0 -- 6 33.
0404 0404 - 0404 0404 0404 - - - -- -
5177,250 ~ St83,475 83.3-118.3 2 _ __5 % _ _ 1 _ 25.00
0404 0404 0404 -- 0404 - 0404 0404 -----
Lake ( +.10) 2 85.4 1.4 _ _5277,4 5324,950 94.3 1 _ _ _, 50.00 % _ 0.00
- 0404 - - 0404 0404 0404 - 0404 0404 -
River (No Adj.) 5 101.6 8.8 S226_98
,0 5221,400 90.1-117.2 0 0.00% 2 40.00
All Townhouses (6371___ 55 98.0 5.5 10.0
04-% - 13, 512 2,715 $125,954 , 81.9-117.9 m 1 1.82% 04 0404 8 --- --
14.55%
0404 - 0404 0404 0404 0404 - 04
- 0404 �- - --
0404 - --
' RAAIULERS - 6 94.8 6.6 $106,2 $112,167 81.9 -110.7 t 16.67% - _ 1 - 16.67%
SE/SF 5 ,1
0404 0404 - 04- - S-I - 80 5 -
20 99.8 1 - -- -- 51X3 ,633134, 83.4 - 117.9 1 5.00 % 4 20.00%
0404 LKT-4y 0404 - -- 0404 0404 - -- - 0404 - 0404 ---- 0404 - 0404 040404 LUE!
0404 -
_SPL LEVEL 1 103,0 0 $141,100 5137,000 103.0 -103.0 0 0_00% #VALUE!
_I I/2 Esp - - 0 -- 0404 0404 - #DIV /0!- --- --
- - -_- ISTORY 28 97.0 5. 1 - -_ 0404--- -- 5117,761 $122,60 85.2 -114.0 00404 0. 0_0% 3 10.71%
0404 - 0404 --- - #DIV /0! --
_ 0404 0404 .. .. 0404 04 - 0404 - -
Condominiums 0404 6 -- 96 96.7 5.6 rM1 1000 587000 590,633 86.2 -105.9 - 0 04 - 0.00% - -1 16.67 % - - "0404 0404 0404 0404 0404 -
• Double's
1_ 5 99.8 4.3 25.5% 30,50 5224,340 5227,580 91.0.10 0 0.00% 1 20.00%
IS month
- 0404 - --
� -� �- --�
i __ -_ - _ - {
-ITUdIVtesidential\Ratios \!2003 Res R atios.XLSlPrelim 2003 Asmt
0466 - 0404 _
5/02/02
COMMERCIAL AND INDUSTRIAL ANALYSIS 2002 VS. 2003
2002 2003 New % Change % Change
Type of Property EMV Totals EIVIV Totals Construction Excluding Improv. Including Improv.
Auto $10,297,500 $10,560,800 $737,000 -4.6% 2.6%
Auto Dealers $22,777,000 $25,794,300 $875,000 9.4% 13.2%
Banks $6,102,300 $6,024,800 $0 -1.3% -1.3%
Bowling $1,608,800 $1,608,800 $0 0.0% 0.0%
Day Care $629,200 $637,000 $0 1.2% 1.2%
Fast-Food $3,389,300 $3,382,300 $40,000 -1.4% -0.2%
Hotel / Motel $39,775,500 $38,083,900 $0 -4.3% 4.3%
Medical Office $7,892,600 $9,817,500 $0 24.4% 24.4%
Office Large $29,420,000 $26,920,000 $0 -8.5% -8.5%
'„ Office Small $11,044,500 $11,828,500 $0 7.1% 7.1%
Office Condominiums ---------$ --$1,841,.8.0.0 $0 39.7% 39.7%
Restaurant $9,178,400 $10,966,800 ----$8-49,900 10.2% 19.5%
Retail $71,734,600 $76.004 $4,756,600 -0.7% 6.0%
Shopping Center $36,458,100 $66,283,100 $16,700,000 36.0% 81.8%
Theater $11 ,150,000 $11,500,000 $0 3.1% 3.1%
Commercial Total $262 $301,254,300 $23,958,500 5.5% 14.6%
Industrial North $72,523,700 $61,768,400 $0 -14.8% -14.8%
Industrial South $31,027,800 $30,805,000 $0 -0.7% -0.7%
Industrial Total $103,551,500 $92,573,400 $0 -10.6% -10.6%
Total C & I Assessmer $366,327,,700 $393,827,700 $23,958,500 1.0% 7.5%
G:1Depts\ASSESS\SPREDSHT\Assessor12003dal2003 Growth.XLS]2003 C & I
01/02103
APARTMENT ANALYSIS 2002 VS. 2003
% Change Average EMV Per 2002 Average
2002 EMV Totals 2003 FMV Totals Now conatru�ltion Excluding IMPMV. Ave $o 32. Average EMV Unit EMV Per Unit
4-6 Units $4.585.000 $6.069.000, $303,450 575,900 $53,900
6-8 Units $1,668.000 $2.204.0001 50 32.1% $440,800 $64,800 $49,100
19.3% $603.600 $53,800 $45,10C
1042 Units $7.081.000 W451,000 $() -
1836 Units 510,454.000 $12.707.000 $o 2 1 1.6% $1,411,900 $53,800 $49,300
48-76 Units $28.717.300 $32.810.600 so 12.8% $3,293,500 $55,700 $49,400
TS + $97.271.000 $102.573.000 $1.150,000 4.3% �838,200 $46,300 $45,200
Total Apartment Asmt 5149,776,3 $164,81 51.150 000 93% $58 $48,667
ra.mepw"SES ' X= Gmwth.XLSPM Apts