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Home My WebLink AboutM110609O� wv4z William S. Marlow Dave Garing Richard A. Broders 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 William S. Marlow Richard A. Broders MINUTES November 6, 2009 Dave Garing Chairman Vice - Chairman Member Chairman William S. Marlow called the meeting to order at 10:00 a.m. in the presence of Vice - Chairman Dave Garing and Member Richard A. Broders. PETITION WITHDRAWALS Member Broders moved to accept the following petition withdrawal. Vice - Chairman Garing seconded the motion which carried by a unanimous vote. APPELLANT Dwayne & Fran Russell Jacob Thomas 510 O'Farrell Avenue SE Olympia, WA 98501 APPEAL NO. BOE 09 -69 -LO HEARINGS BOE: 09 -90 -LO 09 -91 -LO PARCEL NO. 987 002 401 PN: 965 400 802 965 400 203 Jacob Thomas was not present. Appraiser Charley Hough represented the Assessor's office and was sworn in by Chairman Marlow. Under appeal is the land value of two parcels located off of 38" Street, Port Townsend. Following is the current assessed value and the appellant's estimate of value for the parcels under appeal: Parcel No. Current Assessed Value Appellant's Estimate of Value 965 400 802 $10,000 (land only) $7,000 965 400 203 $10,000 (land only) $7,000 Phone (360)385 -9100 Fax (360)385 -9382 jeffbocc@co.jefferson.wa.us I Board of Equalization Minutes - November 6, 2009 Page: 2 On the petition form the appellant wrote the following reason for appealing the valuation of his property: Parcel #965 400 802 "These lots are currently unbuildable and otherwise have very little value "; Parcel #965 400 203 "These lots are located on a steep slope, are currently unbuildable and otherwise have very little value ". Appraiser Hough reviewed the location and topography of the property and stated he applied a reduction of 50% to each parcel for lack of access. He then reviewed the following comparable property sales that he used to assess the appellant's property: Comparable Property #1 Parcel No.: 930 901 102 Location: Baker's Addition (Block 11, Lots 5 - 8) Date of Sale: June 2007 Sale Price: $27,000 Comparable Property #2 Parcel No.: 998 002 402 Location: Baker's Addition (Block 24, Lots 1, 2, 7, and 8) Date of Sale: May 2008 Sale Price: $35,000 The comparable properties used by the Assessor's office received a 25% reduction in value because they have better access. Hearing no further testimony, Chairman Marlow closed the hearing. The Board will make a determination at a later date. Thomas & Patricia Moreland BOE: 09 -82 -R PN: 958 900 004 4863 Mason Street Port Townsend, WA 98368 Thomas Moreland was present. Appraiser Charley Hough represented the Assessor's office. After explaining the hearing process Chairman Marlow swore in both parties. Under appeal is the land and improvement value of property located at 4863 Mason Street, Port Townsend. Currently, the property is assessed at $412,680 ($100,000 for the land and $312,680 for the improvements). The appellants estimate the value is $369,152 ($100,000 for the land and Board of Equalization Minutes - November 6, 2009 Page: 3 $269,152 for the improvements). Mr. Moreland testified that he purchased his home in 2003 for $316,000. He reviewed the Assessor's comparable property sale #5 which is a much bigger lot than his parcel. The current assessed value of his property is $412,680 and he feels it is too high. He would not be able to sell it for that price in today's Real Estate market. He feels a fair value would be $371,000. Appraiser Hough explained that Mr. Moreland's home was built in 2003 and is 2,000 square feet in size. He then reviewed the following eight (8) comparable property sales that he used to assess the appellant's property: Comparable Property #1 Parcel No.: 958 900 001 Location: 5029 Mason Street Date of Sale: June 2007 Sale Price: $458,000 Comparable Pronertv #2 Parcel No.: 958 900 002 Location: 4967 Mason Street Date of Sale: October 2006 Sale Price: $400,000 Comparable Property #3 Parcel No.: 958 900 003 Location: 4925 Mason Street Date of Sale: September 2005 Sale Price: $394,500 Comparable Property #4 Parcel No.: 958 900 008 Location: 5012 Mason Street Date of Sale: August 2006 Sale Price: $450,000 Comparable Property #5 Parcel No.: 958 900 010 Location: 4948 Mason Street Date of Sale: February 2009 Sale Price: $525,000 Board of Equalization Minutes - November 6, 2009 Page: 4 Comparable Property #6 Parcel No.: 958 900 011 Location: 4906 Mason Street Date of Sale: April 2007 Sale Price: $569,000 Comparable Property #7 Parcel No.: 958 900 012 Location: 4844 Mason Street Date of Sale: September 2004 Sale Price: $394,000 Comparable Property #8 Parcel No.: 958 900 013 Location: 4802 Mason Street Date of Sale: March 2005 Sale Price: $424,000 Mr. Moreland stated that the people who purchased comparable property #4 didn't know what they were getting into and have been trying to sell it since they bought it. They took it off the market and rented it because it wouldn't sell. Hearing no further testimony, Chairman Marlow closed the hearing. The Board will make a determination at a later date. Jim Thomas BOE: 09 -76 -LO PN: 965 400 803 105 N. Lincoln Court Port Jefferson, NY 11777 Jim Thomas was not present. Appraiser Charley Hough represented the Assessor's office and was sworn in by Chairman Marlow. Under appeal is the land value of property located off of Logan Street, Port Townsend. Currently, the property is assessed at $15,000 (land only). The appellant estimates the value is $7,500. On the petition form the appellant wrote the following reason for appealing the valuation of his property: " Jack Carroll brokered the sale of these properties when I was in high school (early 1970s, I was in the PTHS class of 1973). My mother and my brothers all bought parcels. Initially, my mother was the owner of the lots and then these lots were transferred to me after Board of Equalization Minutes - November 6, 2009 Page: 5 graduation. The quality of the maps in those days were so poor that nobody knew precisely where these lots were located. My lots, and my brother's lots, ended up on a steep slope and unfortunately they have very little intrinsic value. On a rainy day, it is difficult to stand up on the property. The neighboring properties are relatively flat, and have good value, but parcel 965 400 803 is on the bluff between the land that is accessed by Logan Street and the forested lands below it. There is an old 4 wheel drive path that goes right over the property, but I own the part where the kids used to drop off the bluff and zoom down below. I don't think they do that anymore because it has become too overgrown and dangerous, even for a jeep. Every few years, I walk over the property and hope that something has changed; but it hasn't. The property is not accessible by any road and lacks any access to power or water. I have been trying to sell these lots for 30 years without success. Perhaps the best indication of the value of the property is that if someone would offer me $10,000 for the lots I would dance for joy and kiss them on both cheeks. I am not aware that anyone is interested, at any price. So with these comments, I respectfully request that the valuation of the property be left where it is and not be increased." Appraiser Hough provided a map of the area and a map of the trails that run through the subject property. He then reviewed the following two (2) comparable property sales that he used to assess the appellant's property: Comparable Property #1 Parcel No.: 930 901 102 Location: Bakers Addition, Block 11, Lots 5 thru 8 Date of Sale: June 2007 Sale Price: $27,000 Comparable Property #2 Parcel No.: 998 002 402 Location: Tacoma Addition, Block 24, Lots 1, 2, 7, & 8 Date of Sale: May 2008 Sale Price: $35,000 When asked about the topography, Appraiser Hough said that he inspected the property using a GPS device and discovered that the parcel was fairly flat. The appellant may be confused about where his property is actually situated. Hearing no further testimony, Chairman Marlow closed the hearing. The Board will make a determination at a later date. Board of Equalization Minutes - November 6, 2009 Page: 6 Vice - Chairman Garing moved to adjourn the meeting. Member Broders seconded the motion which carried by a unanimous vote. ATTEST: �� Locke, rk o " f t Board Leshe R. L , Cle JEFFERSON COUNTY BOARD OF EQUALIZATION WilliaMarlow, Chairman Dl_da - Dave Gar' g, Vice- airman Richard A. Broders, Member