3. Tax Equalization Bd convenes - Laserfiche WebLink

2014 Cass County Board of Equalization Rollin & Jeanne Johnson Rollin and Jeanne Johnson, at 211 Hackberry Court, Kindred have asked me to review their assessment. They wish to have the county board of equalization adjust the assessment, if appropriate. They recently purchased the property for $160,000. It is currently assessed for $207,500. In 2004, a 2,200 sq. ft. rambler was built and moved into Kindred. It was placed on a crawl space foundation and is located on a 100x140 lot. A large three stall garage was built and attached to the home. I visited the property and reviewed details surrounding the sale. It would appear that the sale was a distressed or liquidation type sale. It was marketed with a "for sale" sign placed on the property by the owners. The property was vacant at the time of sale. It sold within a few days. In viewing the property, there are features that the market would find desirable. However, there are some items pertaining to design and appeal that may be lacking. I believe that it is appropriate to allow a 10% discount to the structure value for design and appeal items. The discount would adjust the total valuation to $190,700. I discussed the proposed change with Mr. Johnson. It would appear that the owners are in agreement. They have indicated that they simply want their assessment to be fair and equitable. Suggested Motion: "I move that the Rollin and Jeanne Johnson assessment be reduced to $190,700, as recommended by the Director of Equalization."