4. Tax Equalization Board reconvenes

Gibbs Recommendation John and Sheila Gibbs at 4528 37th Ave North, Reiles Acres feel that there assessment is high compared to a number of neighboring properties. Steve Perreault, Reiles Acres assessor, made an on site inspection and reviewed information on the neighboring properties. It appears that some improvements were made on neighboring properties that weren't accounted for and that there were some size miscalculations. I drove by the properties and visited with Sheila Gibbs. The taxpayers did not appeal to the local board of equalization, so it is difficult to go back and correct any neighboring assessments for 2006. In light of the situation, the taxpayers, the local assessor, and I agree that the assessment should be reduced from $2 I 3,000 to $ I 93,000 to make the assessment equitable. For 2007, the assessor indicates that he will review all properties in the immediate neighoborhood and make any appropriate adjustments. Suggested Motion: "I move that the assessment on 4528 37th Ave N, Reiles Acres be reduced to $193,000; as recommended by the Director of Equalization and the Reiles Acres City Assessor."