Laserfiche WebLink
MEMO <br /> TO: Hall County Board of Equalization <br /> FROM: Kevin A. Brostrom, Attorney for Robert& Thais Proffitt, Trustees <br /> RE: Parcel 400061414 /711-713 N. Custer Ave., Grand Island, NE 68803 <br /> The Proffitt couple received a notice changing their land value from $63,270.00 to $79,087.00. <br /> We appeal that change. We ask for a value of their land at $33,849.00 which computes to 1.07 <br /> sq. ft. x. 31,637.8 sq. ft. (size of this lot). <br /> In support of said assessment for the lot, we would point to the following commercial <br /> parcels: <br /> 1. Parcel 400141574 (3119 W. Faidley) which is Tiffany Square Nursing Home <br /> which land is valued at 1.07 per sq. ft. <br /> 2. Parcel 400029537 (2915 W. Faidley) which is Bethphage Mission which land is <br /> valued at 1.07 per sq. ft. <br /> As an alternative, we would ask the Board of Equalization to consider the following: <br /> 1. Parcel 40071588 (825 N. Custer) which is a commercial lot, a short distance from <br /> the subject property. An actual view of this parcel is provided as Exhibit A for <br /> your review. This land is valued at 1.75 per sq. ft. and its assessed value is <br /> $119,289.00. The most recent sale of that property was in September 2011 and the <br /> sale rice was 118 000.00. <br /> p , <br /> 2. Parcel 400071582 which is also a commercial lot north of the Proffitt Building <br /> values at 1.75 per sq. ft. An actual view of said lot is attached hereto as Exhibit <br /> B. <br /> Likewise, the following parcels in the area of the Proffitt building are valued at 1.75 per <br /> square foot: <br /> 1. Parcel 400061406 Internal Medical Associates/Nebraska Medicine (727-729 N. <br /> Custer). It is important to note this property abuts Custer Avenue. <br /> 2. Parcel 400061376 Grand Island Clinic(2444 Faidley Ave.) It is important to note <br /> that this property abuts Faidley Avenue as well as Custer Avenue. <br /> The County Assessor will likely state that these parcels are in excess of one (I) acre <br /> (48560 sq. ft.) and should receive a 30%reduction. It is our position that this reduction is <br /> arbitrary and capricious and should not be used. If one has a lot of 48500 sq. ft., the assessed <br /> value would be $121,250.00 ($2.50 x 48500). If the lot is 48560 sq. ft. in size, the assessed value <br />