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<br />BOARD OF EQUALIZATION MINUTES - OCTOBER 26,1994 <br /> <br />Page 2 <br /> <br />Robert Kingsley explained that the Assessor's office currently values waterfront property using a <br />front foot chart. He feels all waterfront property is undervalued. Waterfront property is becoming <br />more and more valuable and no matter what value per front foot is used, sales indicate that the <br />valuation of the Assessor's office is below market value. With mass appraising the goal is to <br />reach a range of values that are consistent with one another rather than pinpointing specific <br />values. The Assessor's chart achieves that goal and is easily understood by the public. <br /> <br />After hearing the testimony of both parties the Board concurred to conduct an inspection of the <br />property and make a determination at a later date. <br /> <br />Jack lacolucci <br />140 Hurricane Ridge Dr. <br />Sequim, W A 98382 <br /> <br />BOE: 94-04-LO <br /> <br />PN: 801 324 009 <br /> <br />Jack lacolucci was not present but did send a letter to serve as his testimony. Bob Shold was <br />present on behalf of the Assessor's office. After Chairman DeLeo swore him in he commented <br />on comparable sales in the area. According to Mr. lacolucci's letter he feels those sales are not <br />comparable to his because they all have timber. Mr. Shold stated a number of the parcels have <br />been logged off but he is not sure if the logging occurred before or after the sale. The <br />Assessor's office does not assess timber on property. Mr. Shold researched the sales affidavits <br />and found no indication of a value assigned to the timber. <br /> <br />After reviewing Mr. lacolucci's letter and hearing the testimony of the Assessor's office <br />representative the Board concurred to conduct an inspection of the property and make a <br />determination at a later date. <br /> <br />Gary Lafrentere <br />21423 4th Place S. <br />Des Moines, W A 98198 <br /> <br />BOE: 94-51-LO <br /> <br />PN: 701 344 026 <br /> <br />Gary Lafrentere was not present. Will Butterfield was present on behalf of the Assessor's office. <br />Chairman DeLeo swore him in. Mr. Butterfield stated that this is somewhat difficult to approach <br />without the Appellant present. The job of the Assessor's office is to reflect the market value of <br />property. There has been a lot of activity in the area of the subject property. The property has <br />access, water from a community water system, power and access to the waterfront. After <br />presenting sales of comparable property he explained how the subject property was valued. <br /> <br />At the close of the hearing the Board concurred to conduct an inspection of the property and <br />make a determination at a later date. <br /> <br />Rocky Brook Hydroelectric <br />11225 SE 6th, Ste. 100 <br />Bellevue, W A 98004 <br /> <br />BOE: 94-47-C <br /> <br />PN: 602282004 <br /> <br />No representatives from Rocky Brook Hydroelectric were present. Since this property is valued <br />by the State Department of Revenue, State representatives Gary Wright and Richard Cormere were <br />present to give testimony. The State recommends the land value be reduced to $32,400 and the <br />