Loading...
1990-05-02 Board of ReviewPage No. 2778 May 2, 1990 CITY OF MENDOTA HEIGHTS DAKOTA COUNTY STATE OF MINNESOTA Minutes of the Board of Review Meeting Held Wednesday, May 2, 1990 Pursuant to due call and notice thereof, the annual Board of Review meeting for the City of Mendota Heights, was held at 7:30 o'clock P.M. at City Hall, 1101 Victoria Curve, Mendota Heights, Minnesota. Mayor Mertensotto called the meeting to order at 7:30 o'clock P.M. The following members were present: Mayor Mertensotto, Councilmembers Anderson, Blesener, Cummins and Hartmann. Mayor Mertensotto acknowledged letters received from Stanley Karon, Ronald Zamansky (for Cray Research), Steven Goldberger, Edward Tande, Eleanor Arndt, Dave Moran and Gregory Schreoder. He then turned the meeting over to Bill Peterson, Dakota County Assessor's Office Residential Manager. Mr. Peterson informed the audience that the purpose of the meeting is to review 1990 residential market values for taxes payable in 1991. He explained that after the general discussion, representatives of the Assessor's Office would meet individually with everyone present, and he asked that everyone in attendance sign their names on an attendance list. Mr. Peterson stated that his office had conducted County -wide open book meetings and that 91 Mendota Heights property owners had participated in that process. He explained that one of the reasons the Assessor's Office conducted the open book meetings is that the office has converted all of its information to a computer assisted mass appraisal system. Using this system, residential market values were recalculated county -wide this year. In previous years his office has given across the board valuation increases, however this year changes vary considerably - some valuations have risen while others have been reduced. Mr. Peterson then asked for general questions from the audience. Responding to an audience question, Mr. Peterson stated that the Assessor's Office must assess properties in excess of 90% of what those properties could be sold for on the open market. In valuing properties, property sales prices for the period between October 1, 1988 and September 1, 1989 which were received by the Auditor as of November 1, 1989 were used. Using the computer assisted mass appraisal system, the Assessor's staff can now do studies on all components of a home which have an affect on market value, such as number of bedrooms, all brick exteriors, etc. He further stated that location is one of the most important factors. Page No. 2779 May 2, 1990 After responding to other general questions, Mr. Peterson informed the audience that the Assessor's staff would now meet individually with the property owners in attendance. After meeting with all of the property owners, Mr. Peterson informed the Council that the Assessor's staff had met individually with 52 residents. ADJOURN There being no further business to come before the Board of Review, Councilmember Anderson moved that the meeting be continued to 7:45 P.M. on May 15th. Councilmember Cummins seconded the motion. Ayes: 5 Nays: 0 kdthleen M. Swanson City Clerk ATTEST: Charles E. Mertensotto Mayor MUNICIPALITY OF: COMPARISON OF ASSESSMENTS /'4,6,VDo7-,4 I-JE16firS REAL ESTATE -- FINAL 19j a ESTIMATED MARKET VALUE -- REAL ESTATE -- VALUES AS OF MIRCH / for 19 40 ** Land $ x,38 , go 0 Buildings $— 39R, 679, i{00 Machinery $ TOTAL MARKET: $ ------- ------------ Real Estate Gross Tax Capacity: 0 Personal Property Gross Tax Capacity: $ TOTAL GROSS TAX CAPACITY: 19 89 $ 16-, qz/v, Z/09 ESTIMATED MARKET VALUE -- Land $ 138, 5.21, 800 Buildings $ 110Y-, 7911; foo Machinery $ TOTAL MARKET: $ ,, 300 -- -------------------- Real Estate Net Tax Capacity: $ 9, Personal Property Net Tax Capacity: $ TOTAL NET TAX CAPACITY: 19 90 $ Remarks: ESTIMATED MARKET VALUE FOR 1990 IS a as- —% GREATER THAN FINAL FOR J98q- -.