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HomeMy WebLinkAbout19770630_edina_board_of_review6/27/77 I80 Ayes: Courtney, Richards, Schmidt, Shaw, Van Valkenburg Gys: None 1-iotion carried. Mayor Van Valkenburg should be consistent Notion of Councilman emphasized his opinion that the value of rental property with its ability to yield a profit. ..! Richards was seconded by Councilman Shaw that discussion of the assessment of the Hedberg properties be continued to the Board of Review Meet- ing of June 30, 1977, at 4:30 p.m. Ayes: Courtney, Richards, Schmidt, Shaw, Van Valkenburg Nays: None * Blotion carried. In response to a question of Mr. Hyde regarding the objection of tlr. Burch Bell, 6620 Normandale Road, to his increase in value'from $84,100 in 1976, to $93,100 in 1977, Mr. Swanson said that appraisals for the structure of the City and the pri-. vate appraiserarenuch the same but that he believes the land value is higher than the value set by the other appraiser. He added that if the property should be divided and sold into lots, even as raw land, the value would be significantly higher than $93,100. The Mayor then declared the meeting adjourned until 4:30 p.m. on June 30, 1977, which meeting will be held in the Conference Room.at the Edina City Hall. .A&j ournment at .5.; 45 p .m. &A- L City Clerk MINUTES OF THE CONTINUED MEETING OF THE EDINA BOARD OF REVIEW HELD TSJRSDAY, JUNE 33, 1977, at 4:30 P.M. Acswering rollcall €or the continued meeting of the Board of Review were members Courtney, Richards, Schmidt, and Mayor Van Valkenburg. Mr. Swanson presented a schedule showing land values of properties owned by Eedberg & Sons Company, recalling that these values have been subject to litiga- tion since 1970 and that values from 1970 thru 1972 have been adjudicated and consolidated and affirmed by the Supreme Court. He clarified that once the 1975 value has been agreed upon, the limitations will be in effect. indicated thzt the Court had reduced the valuation from the adjusted value set by the Council in 1970 from $2,503,200 to $1,089,000 and from $2,709,000 to $1,089,000 in 1972. cated that the Hedbergs will not oppose the Tax Increment District and that they are in a mood to compromise on the market value of their propertv. lenghty discussion, Councilman Courtney's motion accepting the ASSeSSOr'S values for the Hedberg property for 1977 was seconded by Councilman Richards. The schedule 3fr. Hyde pointed out that the Hedberg's attorney has indi- Following Ayes: Courtney, Richards, Schmidt, Van Valkenburg . Nays: None Xotion carried. I Mr. Swanson advised the Board :hat an additional appeal had been received from Jewel Properties on June 29, 1977, without previous discussion or contact with his office, objecting to the increase in the market value of property at 4251 Parklaw& Ave. from $437,100 in 1976 to $480,000 in 1977. He recommended that no adjustment be made, based on his reviewal of the. property. Mr. Hyde recalled that the Me-tropolitan Area Managers' Association had met with Messrs. Dah1 and Gardner of the Minnesota State Aid Department and that none of the metropolitan area City Councils had made a 1% reduction of market values. He advised that there was a general feeling that all municipalities should submit t? resolution to the HemrZin rnwty Board which the Eoard could, in turn, submit to the State Legislature to protest the inequities in market value which exist throughout the State. Councilman Shaw thereupon offered the following resolution and moved its adoption: 6/36/77 181 RESOLUTION WHEREAS, the equitable assessment of real property values is abolutely essential in order that taxes levied by governmental units which transcent municipal and county boundaries will be fair; and WHEREAS, studies prepared by the State of Minnesota Department of Revenue show that there is great disparity among the seven counties of the metropolitan area, with the 1976 sales assessment ratio study of residental properties showing, for example, that Hennepin County's limited value ratio was 84.4%, and its market value ratio was 96.3%, while Anoka County's limited value ratio was 89.5% and its market value ratio was 92.7%, and at the low end were Scott County's 73.9% limited value ratio and Dakota County's 81.5% market value ratio. Individual municipalities ranged from a low of 60.8% limited value in Watertown, Carver County, to a high of 94.6% in Edina, Hennepin County, with a low of 66.9% market value in Watertown to a high of 107.6% in Champlin, Hennepin County; and WHEREAS, 1973 legislation limited current year assessments for selective property classes to 5% increase in the preceding assessment valuation, and a 1975 amendment provided that all property classes were limited to an increase in valuation for 1975 and subsequent years of 10% of the previous valuation, or . 25% of the difference between the current estimated market value and previous years' limited market value, whichever is greater; and WHEREAS, the introduction of "limited1' market value greatly complicates the problems of securing equitable assessments; and WHEREAS, the authority of municipal and county boards of review to make overall changes in values is severely limited by statutes; and WHEREAS, the Commissioner of Revenue of the State of Minnesota constitutes the State Board of Equalization and is empowered to reduce wide disparities in assessment levels between counties; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Edina that the Commissioner of Revenue of the State of Minnesota be requested to take immediate action to secure a uniform level of assessment among the seven counties in the metropolitan area by raising assessment levels in Carver, Scott, Dakota, Ramsey and Washington Counties;. and BE IT FURTHER RESOLVED that the attention of the members of the House and Senate representing Edina be called to this entire problem with the request that they make every effort possible to secure whatever changes are necessary in the "limited value" statutes so that application of this feature will not hinder the establishment of a uniform level of assessment; and BE IT FURTHER RESOLVED that cities in Hennepin and Anoka Counties and the Hennepin and Anoka County Boards of Commissioners be urged to make similar requests to the Commissioner of Revenue and to their respective Legislators. Motion for adoption of the resolution was seconded by Councilman Richards. * Rollcall : Ayes: Courtney, Richards, Schmidt, Van Valkenburg Nays: None Resolution adopted. No further business appearing, the IvIayor declared the meeting adjourned. Adjournment at 5:25 p.m. 4% City Clerk