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<br />Board of Equalization Minutes: October 10, 1991 <br /> <br />Page: 2 <br /> <br />P.V. DANGERFIELD <br />3231 PARADISE BAY ROAD <br />PORT LUDLOW, W A. 98365 <br /> <br />BOE: 91-027-LO PN: 984 000 118 <br />BOE: 91-028-LO PN: 984 000 119 <br /> <br />Chairman Dalgleish explained the procedures of the Board of Equalization and then swore <br />in Robert Kingsley representing the Assessor's Office, and P.V. Dangerfield, the appellant. <br />This is a continuance of Mr. Dangerfield's hearing from September 24, 1991 at 9:30 a.m. <br /> <br />Mr. Dangerfield restated his concern that lots at Paradise Bay Estates are assessed on an <br />unequal basis compared to Tala Shores. He submitted two pages of revised data to the <br />Board. He explained that there was a change in the percentages that had been computed on <br />the originals. The percentage of increase of Paradise Bay over Tala Shores on the original <br />comparisons was 51.58. The percentage of increase of Paradise Bay over Tala Shores on the <br />revised comparisons was 56.28. <br /> <br />Mr. Dangerfield also commented on particular waterfront lots at Paradise Bay, (Block A lots <br />1 & 2 & 1/2 of lot 3.) The owner, H. Haakenson had appealed to the Board of Equalization <br />four or five years before, because much of the half lot had eroded. The assessment had not <br />increased, while the other half of the lot, owned by another person had increased 100%. <br /> <br />Robert Kingsley addressed the percentage increase exhibit. He explained the process of how <br />the Assessor comes to the valuation on property. The assessment represents the market value <br />of the property. The primary basis for valuations are comparable sales of similar properties. <br /> <br />Mr. Dangerfield feels the demand for lots at Tala Shores is much greater than Paradise Bay. <br /> <br />Robert Kingsley explained that the waterfront lots at Paradise Bay are uniformly assessed at <br />$40,000.00 each. These lots are smaller than the lots at Tala Shores. The waterfront lots at <br />Tala Shores are assessed at $60,000.00 each. There is only one recent sale in Paradise View <br />Estates for $205,000 and that includes a residence and waterfront; the nearest comparables of <br />land only sales are at Tala Shores. He then reviewed the four comparable sales: <br /> <br />Lot 12, Tala Shores #1: <br />Lot 33, Tala Shores #1: <br />Lot 32: Tala Shores #1: <br />Lot 31, Tala Shores #3: <br /> <br />$54,950 <br />$62,000 <br />$95,000 with well and septic system in <br />Improved property, $156,000 with a house. It was <br />assessed at $115,000 when it was sold to a local buyer. <br /> <br />Robert Kingsley agreed that Block A lots 1 & 2 & 1/2 of lot 3 at Paradise Bay He agreed <br />may need to be reviewed for equalization. <br /> <br />Assessor's Exhibits: <br />#A-l: Computer field sheet for subject property BOE: 91-027-LO <br />#A-2: Computer field sheet for subject property BOE: 91-028-LO <br />#A-3: Plat map of Tala Shores showing comparable sales <br />#A-4: Neighborhood/Land Code Rate/Description Listing <br />