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INVESTIGATION OF ABATEMENT APPLICATION ABATEMENTS 4259,4260,4261 Following is a report on the investigation of the abatement application of: Edwin & Ardis Orman Cass County Board of Commissioners and State Tax Commissioner: The applicants are asking that their residential valuation be reduced for the years 2002, 2003, and 2004 on their property located in Stanley Township at 111471 st Ave South, Stanley Twp. They're asking that the respective True & Full values of$87,100, $93,200, and $104,800 be reduced to $47,000, Mr. Orman indicates that $47,000 was the offer that they received for the property. The Stanley Twp Board recommended denial of the abatements. They indicate that proper paperwork was never provided, nor was a true appraisal provided. Mr. Orman did provide documents indicating that he had an offer of $47,000 on the property and also had a repair bid of about $80,000, Subsequently, Mr. Orman provided documents indicating that he was able to sell the property to another party for $61,000 (see warranty deed and purchase agreement). I have visited the property on a previous appeal. The home is a typical bilevel home with attached garage. The property suffers from considerable deferred maintenance, For this reason, I would agree that the valuation should be reduced, The new owner is renovating the property. At some point in the future, the valuation should be increased to reflect the increase in market value. SUGGESTED MOTION: "I move that Abatement No's 4259, 4260, and 4261 be reduced to the purchase price of $61,000, as recommended by the Director of Equalization". Dated this 20th day of January 2005. '1!~ ~ Frank Klein Director of Tax Equalization j :\tax\wplabate