City Council Minutes 05-29-2001 BORMINUTES
MONTICELLO CITY COUNCIL - BOARD OF REVIEW
Tuesday, May 29, 2001 - 7 p.m.
Members Present: Roger Belsaas, Roger Carlson, Clint Herbst, Brian Stumpf and Bruce
Thielen.
Members Absent: None
The Board of Review reconvened on Tuesday, May 29, 2001 at 7 p.m. Greg Kramber and Jerry
Kritzeck from the Wright County Assessor's office were present.
The property at 213 Mississippi Drive (155-014-001100) was reviewed by the City Assessor. Greg
Kramber stated that the property owner had contacted him last year regarding the property. However,
since it was after the Board of Review had taken place, no adjustment was made in 2000. The
assessor stated that the estimated market value for 2000 was $200,000. Mr. Richter purchased the
home in May of 2000 for $230,000 which made the assessed value 87% of the market value. State
law requires the assessed value to be between 90% and 105% of the market value. The estimated
market value for 2001 was set at $213,300 to reflect the condition of the house that was noted in the
assessor's inspection of the property last year. If there had been no problems with the structure, the
value for 2001 would have been $224,100. Greg Kramber explained how the condition of the house
was factored in determining the market value.
Brent Richter, the property owner, felt the value should be adjusted. He stated that the assessor
started with a market value of $224,100 which included the improvements made and was proposing a
$28,800 reduction off that to come up with $195,300. Mr. Richter felt the value of $213,000 should
be used and with the $28,800 reduction the value would be closer to $185,000.
It was noted that the property owner originally paid $30,000 more than the structure was valued at
and when the condition of the property was made known, adjustments were made by the assessor. If
the property owner feels that the adjustments are not appropriate, he does have the right to appeal to
the County. The Council felt that the assessor had treated this property fairly and in a manner
consistent with other properties. Brent Richter stated that $224,100 is not what the house is worth.
BRUCE THIELEN MOVED TO ACCEPT THE ASSESSOR'S RECOMMENDATION ON THE
MARKET VALUE FOR PARCEL 155-014-001100, SETTING IT AT $195,300 AND NOTED TO
THE PROPERTY OWNER THAT HE HAS A RIGHT TO APPEAL. CLINT HERBST
SECONDED THE MOTION. MOTION CARRIED WITH ROGER CARLSON VOTING IN
OPPOSITION.
The Board of Review adjourned at 7: 20 p.m.
D
Recording Secretary