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Dickinson commission grants Sierra Ridge tax abatement, sets 2022–23 valuations at $27 million
Summary
After a contested abatement hearing, the Dickinson City Commission voted to set Sierra Ridge’s true-and-full value at $27,000,000 for tax years 2022 and 2023, altering the assessments and prompting a modest tax refund estimate.
The Dickinson City Commission on Dec. 3 voted to set the assessed value for the Sierra Ridge apartment property at $27,000,000 for tax years 2022 and 2023, granting the owner’s abatement request following a public hearing and staff presentations.
City Assessor Joel Hirschfeld presented the city’s appraisal approach and supporting income data, noting Vanguard’s commercial revaluation set a true-and-full value of roughly $26 million and explaining the office’s use of a three-year trailing income average and a nine gross-income multiplier to stabilize valuations. Sierra Ridge’s representative, Gabriel Ehlers, countered that the owner’s…
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