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HomeMy WebLinkAboutM032409• ok William S. Marlow Richard A. Broilers Dave Garing William S. Marlow MINUTES March 24, 2009 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Richard A. Broders Dave 6aring Chairman Vice - Chairman Member Chairman William S. Marlow called the meeting to order at 9:30 a.m. in the presence of Vice - Chairman Richard A. Broders and Member Dave Gating. DETERMINATIONS Thomas A. Stammer BOE: 08 -87 -R PN: 001 074 025 942 Jolie Way 08 -88 -R 001 074 037 Port Townsend, WA 98368 The Board reviewed the testimony and information presented by both parties. Based on information supplied by the appellant, these parcels are subject to restrictions on new wells per WAC 173 - 160 -171. This WAC rule states new wells shall not be located within 1,000 feet of a permitted or previously permitted solid waste landfill. These parcels are totally within that boundary, although a variance process is included in the WAC rules. The appellant contends that this reduces the value of his property. The Assessor's representative contends it does not reduce the property value since these parcels currently have a water supply. These parcels are supplied with water from a two -party well existing within the 1,000 foot distance to the previous landfill site. In this case, the testimony from the appellant was compelling. The Board concurred that clearly the market (i.e. potential buyers) would value these parcels less than similar parcels not encumbered by the well regulations, even with the allowable variance process. A truly "waterless" parcel would be valued even less. However, because these parcels are served by existing water, the Board finds that a 25% reduction to the land value for each parcel is appropriate to account for this factor. In addition, based on testimony from both parties, the Board finds that the residual acreage value for parcel #001074 025 should be reduced from $15,000 per acre to $12,000 per acre. Phone (360)385 -9100 Fax (360)385 -9382 jeffboce&o.jefferson.wa.us Board of Equalization Minutes - March 24, 2009 Page: 2 Vice - Chairman Broders moved to overrule the Assessor's land valuation of both parcels as follows Appeal No. Parcel No. Assessor's Valuation Board of Equalization Valuation BOE 08 -87 -R 001 074 025 Land: $195,450 Land: $140,020 Imps: $150,580 Imns: $150,580 Total: $346,030 Total: $290,600 BOE 08 -88 -R 001 074 037 Land: $183,360 Land: $140,020 Imps: $132.125 Imps: $132125 Total: $315,485 Total: $272,145 Member Gating seconded the motion which carried by a unanimous vote. (See also Minutes of March 23, 2009) George Mifsud & Marsha Goldman BOE: 08 -125 -R PN: 001 074 034 841 Jolie Way Port Townsend, WA 98368 The Board reviewed the testimony and information presented by both parties. The appellants did not contest the valuation of the improvements to the subject property, but, did request a reduction in the valuation of the land from $187,360 to $95,000. The appellants assert that comparable sales used by the Assessor do not support the current assessment. They presented 3 comparable sales ranging in price from $58,000 to $81,000. The Assessor's representative objected to the appellant's comparable sale "a" on the grounds that it was a sale between family members and was therefore, was not an "arms length" transaction. He also objected to the use of the value cited in sales comparable "b ", which was a sale that occurred in 2004, because a more recent fee appraisal was done on this same property in August of 2008 indicating a much higher market value. He also objected to comparable sale "c ", because it was an old sale that occurred in 2003. The Board concurred that sufficient evidence was not presented to overcome the Assessor's presumption of correctness. Member Gating moved to sustain the Assessor's valuation of $418,970 ($187,360 for the land and $231,610 for the improvements). Vice - Chairman Broders seconded the motion which carried by a unanimous vote. (See also Minutes of March 23, 2009) Larry See BOE: 08 -138 -R PN: 001 071 008 9510 Taylor Street E. Puyallup, WA 98371 The Board reviewed the testimony and information presented by both parties. The appellant did not contest the valuation of the improvements to the subject property, but, did express concern that the Assessor did not adequately account for the actual cost of installing utilities on comparable properties since the figure that the Assessor typically used is $10,000. The appellant also testified that the subject property does not have a view and is heavily treed. The Assessor's representative was reluctant to identify Board of Equalization Minutes - March 24, 2009 Page: 3 the particular view that enhanced the market value of the subject property, but, suggested that the size of the parcel allowed some territorial view "control ". Photographs were presented that clearly supported the appellant's testimony regarding the lack of a view and a site inspection was deemed unnecessary. The Board concurred that the site code 1375 ($90,000) should be applied to the subject property rather than the site code 1373 ($125,000) that describes property with a territorial view. Member Gating moved to overrule the Assessor's land valuation only and reduce it from $173,720 to $138,720. The improvement value of $22,680 remains unchanged, for a new total valuation of $161,400. Vice - Chairman Broders seconded the motion which carried by a unanimous vote. (See also Minutes of March 23, 2009) Madeleine Houston P.O. Box 751 Port Townsend, WA 98368 BOE: 08 -52 -LO 08 -53 -LO 08 -54 -LO 08 -55 -LO 08 -56 -R 08 -57 -R 08 -58 -LO 08 -59 -LO 08 -60 -LO 08 -61 -LO PN: 963 300101 963 300 201 963 300 301 963 301201 963 301301 963 301401 963 301 501 963 301 601 963 301 701 001 162 014 The Board reviewed the testimony and information presented by both parties. It is noted that this property, which consists of several parcels, has not been consolidated, and therefore, could potentially be sold as separately blocks and/or lots. In addition, the Assessor's representative presented sales information on comparable property in the immediate neighborhood which support the current assessed value of this property as being the true and fair market value. Member Garing moved to sustain the Assessor's valuation for all ten parcels as shown below: Appeal Number BOE 08 -52 -LO BOE 08 -53 -LO BOE 08 -54 -LO BOE 08 -55 -LO BOE 08 -56 -R BOE 08 -57 -R BOE 08 -58 -LO BOE 08 -59 -LO BOE 08 -60 -LO BOE 08 -61 -LO Parcel Number Assessor's Valuation 963 300 101 $67,500 (land only) 963 300 201 $77,500 (land only) 963 300 301 $70,000 (land only) 963 301 201 $100,000 (land only) 963 301 301 $498,205 ($188,700 land/$309,505 improvements) 963 301 401 $191,880 ($133,7001and/$58,180 improvements) 963 301 501 $123,700 (land only) 963 301 601 $123,700 (land only) 963 301 701 $90,000 (land only) 001 162 014 $33,200 (land only) Vice - Chairman Broders seconded the motion which carried by a unanimous vote. (See also Minutes of March 23, 2009) Board of Equalization Minutes - March 24, 2009 Page: 4 John Dwyer BOE: 08 -132 -R PN: 963 302 002 P.O. Box 2045 Port Townsend, WA 98368 The Board reviewed the information and testimony presented by both parties. The appellant submitted a fee appraisal indicating a value of the parcel under appeal which he contends is the fair market value as of the assessment date of January 1, 2008. The Assessor's representative noted that the date of the fee appraisal is 15 months after the assessment date for tax purposes and thus, most likely represents the current value of the parcel, rather than the value on January 1, 2008. The Assessor's representative did not contest details included in the fee appraisal, just its date of applicability. The Board noted the fee appraisal and the statement that it represents the value of the parcel on March 6, 2009, but, the board also noted that the 5 comparable properties used in the appraisal had sale dates from February, April, June, and two in July 2008, with no time adjustment factors used. Therefore, the Board recognizes the fee appraisal to represent the value as of May 2008 (the average of the 5 sale dates). The Board agreed that the sales used in the fee appraisal more accurately represent the value of this parcel (after specific adjustments to sales prices as shown in the fee appraisal) than the two comparable sales supplied by the Assessor's representative (three sales were supplied by the Assessor's representative, but, one was withdrawn as incorrect data was supplied). Based on approximate market trends shown by the Assessor's representative and the fee appraisal value trended to January 1, 2008, the Board concurred that the total fair market value of this parcel is $330,000. Vice - Chairman Broders moved to overrule the Assessor's improvement value only and reduce it from $221,085 to $200,000. The land value of $130,000 remains unchanged, for anew total valuation of $330,000. Member Gating seconded the motion which carried by a unanimous vote. (See also Minutes of March 23, 2009) Vice - Chairman Broders moved to adjourn the meeting at 11:42 a.m. Member Gating seconded the motion which carried by a unanimous vote. ATTEST: E� Lundgren, le theo' and JEFFERSON COUNTY BOARD OF EQUALIZATION William S. Marlow, Chairm Richard A. ders, Vice - Chairman Dave Garin M ber