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Home My WebLink AboutM110508• ok William S. Marlow Richard A. Broders Dave Garing William S. Marlow MINUTES November 5, 2008 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Richard A. Broders Dave Garing Chairman Vice - Chairman Member Chairman William S. Marlow called the meeting to order at 1:30 p.m. in the presence of Vice - Chairman Richard A. Broders and Member Dave Garing. DETERMINATIONS William & Linda James BOE: 08 -110 -R PN: 902 133 009 5935 Old Gardiner Road Port Townsend, WA 98368 After consideration of the information submitted by both parties, the Board determined that the current assessment is fair and equitable based on the comparable property sale located to the south of the appellant's property. Vice - Chairman Broders moved to sustain the Assessor's valuation of $640,420 ($297,800 for the land and $342,620 for the improvements). Member Garing seconded the motion which carried by a unanimous vote. (See also minutes of October 27, 2008) Lydia Rosen, Rosen Trust BOE: 08 -32 -R PN: 940 500 065 2420 - 2 " Avenue Seattle, WA 98121 The Board considered the information submitted by both parties. The appellant cited 3 sales; two land parcels and one improved property that sold after the assessment date of January 1, 2008. It was noted that both of the appellant's comparable land sales sold for much more than the $55,000 she estimates the true market value of her property to be. The Assessor's representative presented 6 comparable bare land sales. Evidence was provided by the Assessor's representative showing comparable land in the area selling from $115,000 to $170,000. The mobile home on the property is being depreciated by 51 %. Based on this information the Board determined that the current assessment is fair and equitable. Phone (360)385 -9100 Fax (360)385 -9382 jeffbocc&o jefferson.wa.us Board of Equalization Minutes - November 5, 2008 Page: 2 Vice - Chairman Broders moved to sustain the Assessor's valuation of $146,820 ($110,000 for the land and $36,820 for the improvements). Member Gating seconded the motion which carried by a unanimous vote. (See also minutes of October 27, 2008) James & Jane Hill BOE: 08 -33 -R PN: 938 701 106 231 S. Palmer Drive Port Townsend, WA 98368 The Board considered the information submitted by both parties. Based on sales of comparable property, the current assessment reflects the true and fair market value of the assessment date of January 1, 2008. The fact that the appellant's property has a one - bedroom septic system, was not considered to have a negative impact on the property value because the house is already built on the property. Member Gating moved to sustain the Assessor's valuation of $375,465 ($160,000 for the land and $215,465 for the improvements). Vice - Chairman Broders seconded the motion which carried by a unanimous vote. (See also minutes of October 27, 2008) Anita E. Hoyt Bajoraitis BOE: 08 -49 -LO PN: 977100 212 518 SW 298" Street 08 -50 -LO 977100 213 Federal Way, WA 98023 -3554 The Board considered the information submitted by both parties. It is the finding of the Board that based on comparable property sales, the Assessor's value represents fair market value as of the assessment date of January 1, 2008. It was noted that the amount of square footage for comparable property #1 represents a combined value per square foot for a first floor. It is also noted that comparable properties #2 and #3, which were considered by the appellant to be better quality, sold for considerably more than the appellant's property. The assessed value of those two comparable properties are also higher than the appellant's property assessment. Member Garing moved to sustain the Assessor's valuation of $75,000 for parcel #977 100 212 (land only) and $154,000 for parcel #977 100 213 (land only). Vice - Chairman Broders seconded the motion which carried by a unanimous vote. (See also minutes of October 27, 2008) Glenn & Charlotte Davis BOE: 08 -81 -R PN: 902 133 006 18807 - 37" NE Lake Forest Park, WA 98155 The Board considered the information submitted by both parties. Comparable property #1 (parcel no. 902 133 004) is found to be a reasonable comparable to the appellant's property and demonstrates that the assessed value represents fair market value for the land. No documented evidence was provided to show that the assessed value of the improvements (mobile home) is incorrect. Therefore, the Board agreed that the current assessment is fair. Board of Equalization Minutes - November 5, 2008 Page: 3 Vice - Chairman Broders moved to sustain the Assessor's valuation of $317,225 ($207,960 for the land and $109,265 for the improvements). Member Garing seconded the motion which carried by a unanimous vote. (See also minutes of October 29, 2008) Heidi A. Charland & Nye E. Nelson BOE: 08 -86 -R PN: 948 400 010 303 View Ridge Drive Sequim, WA 98382 The Board considered the information submitted by both parties. The appellant believes the Assessor has over - valued improvements to this parcel by about 2% ($8,415) and also requested a land valuation reduction of $120,200. Two sales were cited; one located on View Ridge Drive, well below the elevation of the appellant's parcel and a home sale in Gardiner on similar acreage with a water view. The Assessor's representative used the appellant's purchase of the subject property on August 3, 2005 for $680,000 as his only comparable property sale, even though other land sales were available on View Ridge Drive. The Board conducted a physical inspection of the property and examined all 3 comparable properties presented, and found the view from the appellant's property to be expansively superior due to its higher elevation. It was agreed that the current assessment is fair and equitable. Member Gating moved to sustain the Assessor's valuation of $678,615 ($270,200 for the land and $408,415 for the improvements). Vice - Chairman Broders seconded the motion which carried by a unanimous vote. (See also minutes of October 29, 2008) Rawleigh & Arla Ellsworth BOE: 08 -101 -R PN: 948 400 008 P.O. Box 3964 Sequim, WA 98382 The Board considered the information submitted by both parties. It was noted that the appellants did not dispute the Assessor's valuation of the improvements to this parcel, but did believe the land value to be excessive. Four comparable property sales of bare land were presented by the appellants. One of the comparable properties is located directly below the appellant's property on View Ridge Drive. The others are located in the general area from Gardiner to Port Townsend. The Assessor's representative provided 3 comparable property sales that are located on View Ridge Drive in the same development where the appellant's property is located. Both the appellant and the Assessor's representative discussed the quality of view as being a factor in comparing this property to similar sales. The Board conducted a physical inspection of the property. After examining comparable property sales data and the views from various elevations along View Ridge Drive, the Board determined that the current assessment is fair and equitable. Member Gating moved to sustain the Assessor's valuation of $485,310 ($147,360 for the land and $337,950 for the improvements). Vice- Chairman Broders seconded the motion which carried by a unanimous vote. (See also minutes of October 29, 2008) Board of Equalization Minutes - November 5, 2008 Page: 4 Member Garing moved to adjourn the meeting until 14:30 a.m. Monday, November 17, 2008. Vice - Chairman Broders seconded the motion which carried by a unanimous vote. ATTEST: Erin Lundg n�, (jerk of��lie Board JEFFERSON COUNTY BOARD OF EQUALIZATION William S. Marlow, Chairman Ok Richard A. Broders, Vice - Chairman Dave Garin e