07-07-2008 - Laserfiche WebLink

Commission Minutes-July 7, 2008 3375 8. TAX EQUALIZATION BOARD, Reconvened for 2008 Chairman Pawluk reconvened the 2008 Board of Tax Equalization. Frank Klein, County Tax Director, referred to his letter dated June 30, 2008. He said today the board will consider action on inundated land classifications for two individuals and appeals from Glenn Weiand, Five Star Storage, AI Brandt and Lynn Utke. Mr. Klein said pursuant to NDCC 57-02-27.2(6), agricultural land is eligible to be classified as inundated land if it has not been farmed for at least two years, received less than $12.30 per acre revenue, and if there is at least 10 contiguous acres of inundated land. These requests have been approved for the last few years. MOTION, passed Mr. Bennett moved and Mr. Wagner seconded that the inundated land classification requests be approved for the acres listed as follows: Motion carried. Owner Steve McLeod Ken Weshnevski Ken Weshnevski LeQal Description SW ~ 36-142-54 Part NW ~ 22-141-55 Part SW ~ 22-141-55 Inundated Acres Approved 40 24.4 18.5 Mr. Klein discussed an appeal from Glenn Weiand. Mr. Weiand is asking the valuation on his condo unit be reduced. The property is located at 510 Forest Avenue North Unit H in Fargo. The City of Fargo provided documentation recommending the current valuation of $71,000 be retained and Mr. Klein concurs with the City of Fargo. Mr. Weiand was not present at today's meeting. MOTION, passed Mr. Wagner moved and Mr. Vanyo seconded that the total true and full valuation of $71,000 on 501 Forest Avenue North, Unit H in Fargo be retained, as recommended by the City of Fargo and the Director of Equalization. On roll call vote, the motion carried unanimously. Mr. Klein discussed an appeal from Five Star Storage (aka Rocking H, LLC). He said the applicants are requesting the valuation of their rental storage facility located at 3255 43rd Street South in Fargo be reduced from $2,564,700 to approximately $1,680,000. The applicants feel the income method does not support the valuation and actual construction costs are less than the City of Fargo estimated. They also feel the land value is too high based on several reasons, including equity with competing property values and neighboring land values for properties along 32no Avenue South. Mr. Klein said the City of Fargo reviewed the land value and with equity in mind, reduced the land value by $135,600 from $762,000 to $626,000 for a total valuation of $2,429,300. He concurs with the City of Fargo. Chuck and Mel Hendricks, applicants, were present. Chuck Hendricks provided a handout explaining the reasons they believe the valuation needs to be lowered further. He also provided a landscape plan showing the location of the property along 32nd Avenue South. He said the reduction in land value, based on values from $3.50 to $3.00 per square foot, and the small adjustment of $26,450 for the water retention pond, an unusable area, are not