Sleepy Eye Board of Appeal, Equalization lowers values
SLEEPY EYE — The Sleepy Eye Board of Appeal and Equalization unanimously approved reducing the estimated market value (EMV) of two residences Tuesday.
A residence owned by Timothy Cleveland at 312 Maple St. S.E. was reduced from its 2018 EMV of $107,617 to $69,500 for 2019 assessment due to significant physical depreciation that reduced the condition from “above average” to “low average.”
A residence owned by Annette Johnson at 610 2nd Ave. N.W. valued at $135,479 in 2018 was reduced to $99,300 for 2019 assessment because many of the home’s finishes including mechanical systems are original and showing wear. The condition of the home was reduced from “above average” to “low average.”