01. Reconvene Board of Equilization

Equalization Department Box 2806 Telephone: 701-241-5616 211 Ninth Street South Fax: 701-241-5729 Fargo, ND 58103 assessor@casscountynd.gov Sunbelt Rentals Parcel: 01-8419-00010-000Address: 6109 53rd Ave SValue: $1,674,100 Synopsis: Mr. Pawluk is the owner of this property. He is requesting the value be reduced to the 2020 value of $1,494,700 due to an increase in special assessments on his property in the amount of $171,812 in 2020. Review: I inspected the property on Wednesday June 9th and found no errors in the property record card. The increase in the property was due to a 12% city-wide adjustment to metal buildings which was needed to keep values within an acceptable range of the market. The city of Fargo provided a sales comparable study of similar properties on the same road that have sold in the past few years which support the value. I researched the area and found an additional sale from 2018 at 5932 53rd Ave S that I felt was the most comparable. I had the city of Fargo run the same analysis and it supports a value of $58.89/sq ft, which is slightly higher than the subject property value of $54.23/sq ft. Conclusion: There were no errors in the property record card, showing that the value on the property is calculated correctly. The city of Fargo was able to support their value through sales of similar properties on the same road and they showed that similar metal buildings throughout Fargo are being assessed equitably through an assessment uniformity study. Recommended Motion: Retain the current value for Sunbelt Rentals. Page 8