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<br />a\ wv~ <br />~4f~ON o~~ <br />S11$ ,.,. ~~ ~ <br />- I'"' ~..'.ft; >< <br />\~ "~ <br />'~NG"ta <br />JEFFERSON COUNTY BOARD OF EQUALIZATION <br />MINUTES <br />AUGUST 7, 1997 <br /> <br />1820 Jefferson Street <br />PO Box 1220 <br />Port Townsend, WA 98368 <br /> <br />James A. DeLeo, District 1 <br /> <br />William S. Marlow, District 2 <br /> <br />Richard A. Broders, District 3 <br /> <br />Richard A. Broders <br />William S. Marlow <br />James A. DeLeo <br /> <br />Chairman <br />Vice-Chairman <br />Member <br /> <br />Chairman Richard A. Broders called the meeting to order at 9:30 a.m. in the presence of Vice- <br />Chairman William S. Marlow and Member James A. DeLeo. <br /> <br />HEARINGS <br /> <br />William & Madelynn Castle <br />82 Sea Vista Terrace <br />Port Ludlow, W A 98365 <br /> <br />BOE: 97-08-R <br /> <br />PN: 998 700 048 <br /> <br />Mr. Castle and Assessor Jack Westerman were present. After explaining the hearing process, <br />Chairman Broders swore them in. The property under appeal is located in Teal Lake Village in <br />Port Ludlow, at the address listed above. Mr. Castle stated that they purchased the property in <br />December of 1996 for $273,000, which is also supported by an appraisal done at the same time. <br />The current assessed valuation is $296,070. They believe the actual value of the property is <br />closer to the amount that they paid for it. They are requesting the Board reduce the current <br />assessment from $296,070 ($106,000 for the land and $190,070 for the improvements) to <br />$265,000 ($75,000 for the land and $ J 90,000 for the improvements). <br /> <br />Jack Westerman stated that he previously discussed with the Board the issue relating to property <br />valuations decreasing in the area of Teal Lake (see Minutes of March 10, 1997 and April 2, <br />1997-Wheeler Hearing). He presented a map of the properties in this area and explained that <br />they were valued as of January 1,1995 in a four year revaluation cycle. Normally, the Assessor's <br />office would stand by the sales leading up to the January 1, 1995 assessment date which support <br />the current assessment. However, due to the unique situation of property valuations significantly <br />decreasing only in the area of Teal Lake, they are requesting the Board reduce the valuation of <br />the Castle's property and equalize other parcels located in Teal Lake in order to maintain equity. <br />This request is also based on the fact that in 1995 the Board of Equalization sustained the <br />Assessor on an appeal from a property owner in Teal Lake Village. <br /> <br />Phone (360)385-9100/1-800-831-2678 Fax (360)385-9382 <br />