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<br />Jefferson County Board of Equalization <br />TELEPHONE: 385.9100 <br /> <br />r/'~ ~'- ''S~ ,-, <br />- r:;(f : ,~,- . <br />v ;-. ~I"," ~.:<- <br />,:;.tAf /- '- - II _ ~ / ~ <br />\'/€:t rl, JF~?0 <br />~ :~;""... ~ . I ,I.~ <br />(~.' ~ ~~' .., <br />COURTHOUSE ~;- ", ,-h., ~pr: :. >t <br />-"1 r' ,.... I %1 <br />P.O. BOX 1220 h' .,' ';',' "'il <br />/ ~ rye. ,Hf <br />PORT TOWNSEND, WASHINGTON 96368 ., l~ . ,,~{:, "91 ,I. <br />111~~'1ll 'i'~ <br />JEFFERSON COUNTY BOARD OF EQU~~=- ' _~~;.1-= <br />MINUTES ,=~--~~--- <br />APRIL 2, 1997 <br /> <br />William S. Marlow <br />Richard A. Broders <br />James A. DeLeo <br /> <br />Chairman <br />Vice-Chairman <br />Member <br /> <br />Chairman William S. Marlow called the meeting to order at 9:30 a.m. in the presence of Vice- <br />Chairman Richard A. Broders and Member James A. DeLeo. <br /> <br />APPROVAL OF THE MINUTES <br /> <br />Vice-Chairman Broders moved to approve the minutes of March 10, 1997 as presented. Member <br />DeLeo seconded the motion which carried by a unanimous vote. <br /> <br />HEARING <br /> <br />David & Jacquelynn Wheeler <br />93 Sea Vista Place <br />Port Ludlow, W A 98365 <br /> <br />BOE: 96-55-R <br /> <br />PN: 998700036 <br /> <br />Mr. Wheeler was present. Jeff Chapman was present on behalf of the Assessor's office. <br />Chairman Marlow explained the hearing process and swore them in. The property under appeal is <br />located in Teal Lake Village, in Port Ludlow. Mr. Wheeler stated that he believes property is <br />assessed at fair market value which is based on property sales. The Wheeler's purchased their <br />property for $182,000 in November of 1996. He believes this amount is fair market value. <br />Submitted with his petition is an appraisal of the property listing the value at $191,000. The <br />assessed valuation is $229,565 ($61,000 for the land and $168,565 for the improvements). This <br />extreme difference in valuation is not reflective of market value. He understands that the original <br />sale price in 1992 was close to the assessed value, however, the real estate market has come down <br />and the current assessed valuation does not reflect current market value. Mr. Wheeler stated that <br />he recently received information from Pope Resources who is working with the County Assessor <br />to reassess the value of various parcels in Teal Lake Village. Pope Resources is lowering the <br />value ofland in order to sell. This shows that the land is overvalued. In addition, the Wheeler's <br />have filed for the Louisiana Pacific (LP.) siding on there house to be removed and replaced with <br />better quality siding. This problem along with other minor things, devalue the property. <br /> <br />Chairman Marlow asked what date the property was purchased? Mr. Wheeler answered, <br />November 1996. <br /> <br />n <br />~J 100% Recycled Paper <br />