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<br />Board of Equalization Minutes: August 15, 1990 <br /> <br />Page: 2 <br /> <br />Assessed Valuation: <br /> <br />Land Only: <br />Improvements: <br />Total Valuation: <br /> <br />$ <br /> <br />5,625 <br />NONE <br />5,625 <br /> <br />Petitioner Reauest: <br /> <br />Land Only: <br />Improvements: <br />Total Valuation: <br /> <br />$ <br /> <br />3,000 <br />NONE <br />3,000 <br /> <br />Petitioner Testimonv for BOB: 90 040-LQ PH: 963 304 201: <br />Mr. Seton questioned the appropriateness of assessing the <br />subject property at $5,625 when he paid $3,000 for the land. <br />He explained that the property does not have access to the <br />Public utility District water system (Glen Cove franchise <br />area). He does not believe the area should be assessed <br />without consideration of where the utilities are located. <br /> <br />Mr. Seton also noted that he bought the property for the <br />timber and then he logged it. He stated that if the land <br />hadn't had timber on it, he wouldn't have considered <br />purchasing it. He reported that 1/2 of a lot is under the <br />County Road. <br /> <br />Assessor's Testimonv for BOE: 90-040-LQ PH: 963 304 201: <br />Mr. Shold reported that there aren't any sales of similar <br />lots to substantiate the purchase as market value, however <br />he had no problem with placing the valuation of $3,000 on <br />this parcel. He explained that the land consists of <br />approximately 4 1/2 lots due to cut outs for Discovery Road. <br />The lots had been assessed in 1988 about the time Mr. Seton <br />purchased the land. According to the land in the area, he <br />suggests the valuation should be determined at a rate of <br />$1,000 a lot instead of the $1,250 a lot which had been used <br />previously. <br /> <br />Board Action for BCE: 90-040-LQ PH: 963 304 201: There <br />being no further questions, the Board took this petition <br />under advisement and explained the on-site inspection <br />process to Mr. Seton. <br />