1. Tax Equalization reconvenes - Laserfiche WebLink

Date: May 16, 2005 To: Chris & Jackie Gibbons From: Wanda Wilcox, Assessor RE: Valuation of 2640 Gress Avenue Chris & Jackie Gibbons - 2640 Gress Avenue - Recommendation: Lower valuation to $24,000 I have reviewed the valuation of your home and tried to take into consideration all the information presented to the City of West Fargo and the Cass County Tax Director. My recommendation is to lower the valuation from $50,800 to $24,000. Records show that your home was purchased in the fall of 2003. In January, 2005, the City of West Fargo annexed your area into our corporate city limits. We placed the current 2004 Mapleton Township valuation on your property for 2005. That value was $50,800. This is the value that you appealed to the West Fargo Board of Equalization last month. The cost and market approach to value indicate a value on your property between $24,300 and $25,100. My main goal was to assess this property at its true and full value. I must look at the property as having a value in use. Even though there may be some pending legal issues between yourself and the seller of the property, you can still reside on the property which does give the property some value and I need to take this into consideration when determining your true and full value. I have enclosed a copy of the cost and market analysis for your use. If you have any questions or concerns regarding this information, please let me know. I would be available to answer any questions regarding the valuation process that you may have. The telephone number is 282-3843.