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Home My WebLink AboutM051110• 1� EQU44�� O William S. Marlow William S. Marlow MINUTES May 11, 2010 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Richard A. Borders Dave Garing Chairman Dave Garing Vice Chairman Richard A. Broders Member Chairman William S. Marlow called the meeting to order at 9:30 a.m. in the presence of Vice Chairman Dave Garing and Member Richard A. Broders. APPROVAL OF MINUTES Member Broders moved to approve the minutes of November 4, 6 and 20, 2009; December 2, 2009 and February 9, 2010. Vice - Chairman Garing seconded the motion which carried by a unanimous vote. PETITION WITHDRAWAL Vice Chairman Garing moved to accept the following petition withdrawal. Member Broders seconded the motion which carried by a unanimous vote. NAME Karl & Susan Gruber Karl & Marilyn Boettcher P.O. Box 95 Port Townsend, WA 98368 APPEAL NO. PARCEL NO. BOE 09 -111 -R 998 500 025 DETERMINATIONS ROE: 09 -106 -R PN: 001 175 006 The Board has considered the testimony and evidence offered by the appellants and the Assessor's representative with respect to parcel #001 175 006. The appellants assert the true and fair market value of the property to be $606,169 rather than the Assessor's valuation of $638,125. The Board finds that the appellants can only appeal the new construction value of the garage /shop. They did not meet the filing deadline for appealing their land or home for the 2009 BOE session. Phone (360)385 -9100 Fax (360)385 -9382 jeffbocc@co.jefferson.wa.us Board of Equalization Minutes - May 11, 2010 Page: 2 In 2009 the appellants received a change of value notice indicating the assessed value of their garage /shop to be $200,000. They contacted the Assessor's office and questioned whether that amount was correct due to the decline of the market. Taking that information into account Appraiser Pownall reduced the assessed value to $150,000 for the garage /shop. It is the determination of the Board that the appellant did not present clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the value established by the Assessor. The Board of Equalization sustains the value established by the Assessor. Member Broders moved to sustain the Assessor's valuation of $638,125 ($159,780 for land and $478,345 for the improvements). Vice Chairman Garing seconded the motion which carried by a unanimous vote. (See also minutes of February 9, 2010) John & Patricia Olson BOE: 09 -107 -R PN: 821 163 008 74 Bayside Court Port Ludlow, WA 98365 The Board has carefully reviewed the testimony and documentary evidence provided by the appellants and Assessor's representative. The appellants assert the true and fair market value of the subject property to be $1,150,000 rather than the Assessor's valuation of $1,621,700. The appellants indicate the best measure of market value for the property is their purchase price of $1,150,000 in November of 2009. The appellants offered a list of ten homes ranging in sales price from $372,000 to $870,000 that occurred during 2009. They noted that six of these properties sold for less than assessed value. They also stated their belief that comparable property sales used by the Assessor were out of date. The Assessor's representative found fault with the appellant's comparable property sales because they occurred in 2009, well after the assessment date of January 1, 2007. Washington State law mandates that properties be valued to reflect local market activity according to an approved revaluation cycle as of January 1 of the assessment year. The Assessor's representative supported the determined value with graphs and spreadsheets of all sales occurring in the immediate vicinity between 2004 and 2007. The Assessor's representative was asked why two $10,000 site valuations were assigned to this parcel? He indicated he would research this question and provide additional information. In a letter to the Board dated May 5, 2010, the Assessor's representative acknowledged this was an error and stated that appropriate adjustments would be made by the Assessor's office. Although the appellants did not present clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of improved values established by the Assessor, the Board recognizes the Assessor's error and orders the land value of the subject property be reduced by $10,000 to $884,250 for a total valuation of $1,611,700. Board of Equalization Minutes - May 11, 2010 Page: 3 Due to the fact that Member Broders was not present at the March 16, 2010 hearing he abstained from voting on this determination. Vice Chairman Garing moved to overrule the Assessor's valuation of $1,621,700 ($894,250 for the land and $727,450 for the improvements) and reduce it to $1,611,700 ($894,250 for the land and $717,450 for the improvements). Chairman Marlow seconded the motion. The motion carried. (See also minutes of March 16, 2010) Paul & Janice Coover BOE: 09 -108 -R PN: 701344 049 55 Beach Drive Quilcene, WA 98376 The Board has carefully reviewed the testimony and documentary evidence provided by the appellants and Assessor's representative. The appellants assert the true and fair market value of the subject property to be $530,445 rather than the Assessor's valuation of $740,820. They offered into evidence an appraisal completed by Deane Draper estimating the true and fair market value of the property to be $540,000. The appellants were not present to offer oral testimony as to the discrepancy between their appraiser's valuation of $540,000 and their estimated value of $530,445. In reviewing the appraisal offered by the appellants, the Board also had concerns regarding the discrepancy of values indicated on the two building permits of $557,000 (residence) and $95,000 (garage), and the much lower values suggested by their appraiser. It was also noted that neighborhood comparables over a 30 mile radius were used. The Assessor's representative explained that a revaluation of the subject property was conducted following the completion of the final construction inspection. He explained that the individual characteristics of the land (acreage with marine view) and recent improvements were important factors in determining the true and fair market value as of the assessment date (July 31, 2009). Copies of the appellants' building permit applications were also offered into evidence. It is the determination of the Board that the appellant did not present clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the value established by the Assessor. The Board of Equalization sustains the value established by the Assessor. Due to the fact that Chairman Marlow was not present at the April 19, 2010 hearing he abstained from voting on this determination. Vice Chairman Gating moved to sustain the Assessor's valuation of $704,820 ($153,220 for the land and $587,600 for the improvements). Member Broders seconded the motion. The motion carried. (See also minutes of April 19, 20 10) Board of Equalization Minutes - May 11, 2010 Page: 4 Michael Graves BOE: 09 -109 -R PN: 942 600 518 P.O. Box 283 Port Hadlock, WA 98339 The Board has carefully reviewed the testimony and evidence provided by the appellant and Assessor's representative. The appellant asserts the true and fair market value of the mobile home to be $1,000 rather than the Assessor's valuation of $8,170. The appellant purchased the subject mobile home for $1,000 in September 2009. The Assessor's representative explained that the value of this particular mobile home, being situated on a lot with utilities and owned by the landowner, has a value substantially exceeding the $1,000 purchase price. It is the determination of the Board that the appellant did not present clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the value established by the Assessor. The Board of Equalization sustains the value established by the Assessor. Due to the fact that Chairman Marlow was not present at the April 19, 2010 hearing he abstained from voting on this determination. Vice Chairman Garing moved to sustain the Assessor's valuation of $8,170 (improvements only). Member Broders seconded the motion. The motion carried. (See also minutes of April 19, 20 10) BOARD OF EQUALIZATION 2009 SEASON CLOSURE and APPROVAL OF MINUTES The Board approved the actions taken on this date (May 11, 2010), upon the completion, review, and signing of the minutes. With no further business before the Board of Equalization for the 2009 season, Chairman Marlow adjourned sine die. ATTE T.. Lc ie R. Locke, Cle of the Board JEFFERSON COUNTY BOARD OF EQUALIZATION William S. Marlow, Chairman pave aring,,Vi e Chairman Richard A. Broders, Member