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HomeMy WebLinkAboutM102710O o� EQUgZZ, O Dave Garing Sally Shumaker Henry Krist 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Dave Gering Sally Shumaker MINUTES October 27, 2010 Henry Krist Chairman Vice- Chairman Member Chairman Dave Garing called the meeting to order at 9:30 a.m, in the presence of Member Henry Krist. Vice - Chairman Sally Shumaker arrived shortly after the meeting began. APPROVAL OF MINUTES Member Krist moved to approve the minutes of August 9 and 17 and September 29, 2010. Chairman Garing seconded the motion. The motion carried. ASSESSOR'S CERTIFICATE OF NEW CONSTRUCTION VALUE The Board reviewed the Assessor's Certificate of New Construction Value. Member Krist moved to accept the Assessor's Certificate of New Construction Value for 2010 in the amount of $34,625,415. Chairman Garing seconded the motion. The motion carried. ASSESSMENT CORRECTION/PETITION WITHDRAWAL Member Krist moved to accept the following assessment correction and petition withdrawal. Chairman Garing seconded the motion. The motion carried. NAME APPEAL NO. PARCEL NO. Robert & Cheri Thurston BOE 10 -01 -R 990 500 019 Cynthia Pollard BOE 10 -35 -R 702 233 007 Vice - Chairman Shumaker arrived and participated in the following hearings. Phone (360)385 -9100 Fax (360)385 -9382 jeffboccaa, o.jefferson.wa.us Board of Equalization Minutes - October 27, 2010 Page: 2 HEARINGS Robert & Diane Threlkeld BOE: 10 -29 -R PN: 936 904 103 5706 Kuhn Street Port Townsend, WA 98368 Robert and Diane Threlkeld were not present. Appraiser Charley Hough represented the Assessor's office and was sworn in by Chairman Garing. Under appeal is the land and improvement value of property located at 5706 Kuhn Street, Port Townsend. Currently, the property is assessed at $471,150 ($280,000 for the land and $191,150 for the improvements). The appellants estimate the value is $370,000 ($185,000 for the land and $185,000 for the improvements). On the petition form the appellants wrote the following reason for appealing the valuation of their property: "Recent assessment (attached) for purchase reflects fair value for the site, which is $95,000 less." Appraiser Hough discussed the average median of all sales and the subject property, which is still currently below the median. He then reviewed the following comparable sales: Comparable Propel Parcel No.: Location: Assessment Date: Assessment Price: Sale Date: Sale Price: p #2 (Also Appellant's Comparable Property A) 936 904 301 609 58`h Street, Port Townsend January, 2009 $308,335 December, 2009 (12 months after the assessment date) $315,000 Comparable Property #3 Parcel No.: 936 904 304 Location: California Addition, Block 43, Lot 7 Assessment Date: January, 2009 Assessment Price: $150,000 Sale Date: June, 2008 (6 months prior to the assessment date) Sale Price: $170.000 Appellant's Comparable Property B Parcel No.: 101 342 015 Location: 1831 49`h Street, Port Townsend Assessment Date: January, 2009 Assessment Price: $350,115 Sale Date: December, 2009 (12 months after the assessment date) Sale Price: $335,000 Board of Equalization Minutes - October 27, 2010 Page: 3 Appellant's Comparable Pronertv C Parcel No.: 948 305 003 Location: 1212 Holcomb Street, Port Townsend Assessment Date: January, 2009 Assessment Price: $411,470 Sale Date: March, 2010 (14 months after the Appellant's assessment date) Sale Price: $415,000 Appraiser Hough informed the Board that the Appellant's property was purchased in May, 2010 (15 months after the assessment date) for $360,000. The independent appraisal was conducted in April 2010, which was also after the appraisal date of January 1, 2009. Appraiser Hough discussed the size of the Appellant's property compared to the other properties used as comparable sales. He also informed the Board that the Appellant's comparable `C' is not located in the area of the subject property. Hearing no further testimony, Chairman Garing closed the hearing. The Board will make a determination at a later date. Wesley Falor & Toby Clauson BOE: 10 -34 -R PN: 602 242 010 211 WaWa Point Road Brinnon, WA 98320 Wesley Falor and Toby Clauson were not present. Appraiser Charley Hough represented the Assessor's office and was sworn in by Chairman Garing. Under appeal is the land and improvement value of property located at 211 WaWa Point Road, Brinnon. Currently, the property is assessed at $582,725 ($305,385 for the land and $277,340 for the improvements). The appellants estimate the value is $515,000 (No Breakdown for the land and the improvements was provided). On the petition form the appellants wrote the following reason for appealing the valuation of their property: "We refinanced in March and had a comprehensive appraisal done which showed the value as $515,000." Appraiser Hough informed the Board that the Appellants purchased the subject property in June of 1999 for $425,000. He then reviewed the following comparable sales: Comparable Property #1 (Consists of 3 Parcels Parcel No.: 601 072 001; 601 072 009; and 601 072 010 Assessment Date: January, 2010 Assessment Price: $335,400; $164,200; and $372,215 Sale Date: January, 2010 Sale Price: $935.000 Board of Equalization Minutes - October 27, 2010 Page: 4 Comuarable Property #2 Parcel No.: 502 112 012 Assessment Date: January, 2010 Assessment Price: $325,015 Sale Date: March, 2010 Sale Price: $375,000 Comuarable Property #3 Parcel No.: 502 143 003 Assessment Date: January, 2010 Assessment Price: $191,785 Sale Date: July, 2010 Sale Price: $200,000 Comnarable Property 44 Parcel No.: 602 133 014 Assessment Date: January, 2010 Assessment Price: $381,635 Sale Date: March, 2010 Sale Price: $385,000 Comuarable Property 45 Parcel No.: 602 133 020 Assessment Date: January, 2010 Assessment Price: $417,995 Sale Date: December, 2008 Sale Price: $425,000 ADpellant's Comparable Property #1 Parcel No.: 821 334 007 Assessment Date: January, 2007 Assessment Price: $822,950 Sale Date: September, 2009 Sale Price: $608,278 (Bank Sale) Apnellant's Comparable PrOperty #2 Parcel No.: 978 900 093 Assessment Date: January, 2007 Assessment Price: $539,130 Sale Date: December, 2009 Sale Price: $650,000 Board of Equalization Minutes - October 27, 2010 Page: 5 Appellant's Comparable Property #3 (Located in Kitsap County) Parcel No.: 152501 -4- 022 -1007 Assessment Date: January, 2008 Assessment Price: $494,520 This Property is a mud flat, which Appraiser Hough doesn't feel is comparable. Appellant's Comparable Property 94 (Located in Mason County) Parcel No.: 319122100040 Assessment Price: $449,540 Lot Size: 0.86 Acres (Compared to Appellant's 2.71 Acres) Appellant's Comparable Property #5 (Located in Mason County) Parcel No.: 422015100013 Assessment Price: $455,110 Appellant's Comparable Pronertv #6 Parcel No.: 502 023 006 Assessment Date: January, 2010 Assessment Price: $339,105 Real Estate Listing: $525,000 Appraiser Hough informed the Board that the Fee Appraiser said that, due to the lack of waterfront sales, he used comparable sales outside the immediate vicinity. Appraiser Hough doesn't feel that mud flats and waterfront or a Real Estate listing that hasn't sold are comparable. There were sales that occurred in the area of the subject property and Appraiser Hough doesn't understand why they weren't used by the Fee Appraiser. The subject property has 253 feet of waterfront with 170 feet of tidelands. The Appellant's comparable property sale 44 has 109 feet of high bank waterfront and the Appellant's comparable property sale #5 has 179 feet of low bank waterfront. Hearing no further testimony, Chairman Gating closed the hearing. The Board will make a determination at a later date. William Snyder BOE: 10 -32 -LO PN: 601 222 009 P.O. Box 372 Chimacum, WA 98325 William Snyder was present. Appraiser John Pray represented the Assessor's office. After explaining the hearing process Chairman Garing swore in both parties. Under appeal is the land value of property located off of Coyle Road, Quilcene. Board of Equalization Minutes - October 27, 2010 Page: 6 Currently, the property is assessed at $77,915 land only. The Appellant estimates the value is $54,795. Mr. Snyder informed the Board that he purchased the property during the real estate boom and paid way too much. He applied and received a permit to log this parcel, however the regulations changed before he started logging. The Department of Natural Resources informed him that the slope of the land was too steep and he was only able to log a portion of the parcel. Currently, there is a moratorium placed on the property and he is unable to do anything with it for six (6) years. Mr. Snyder also stated that it will cost him $2,000 just to have a meeting with the Jefferson County Department of Community Development to discuss options to remove the moratorium. Appraiser Pray said that the Appellant purchased the property for $125,000 in October 2007 and it is currently assessed at $77,915. He also researched the moratorium by contacting Michelle Farfan, Associate Planner at Community Development. In an e -mail from Michelle Farfan, Appraiser Pray was told that if an applicant fills out a forest practices act application and checks `No' on question 24 that the land could not be converted to other uses, other than forestry use, and a 6 year moratorium will be placed on the property. However, a section in the Jefferson County Code allows a new owner of a parcel that has a 6 year moratorium placed on it to be released in part as a Type II process (noticed but no hearing) or a full release as a Type III process (hearing examiner involved). Mr. Snyder responded that he was told that it was not a guarantee that the moratorium would be lifted if an application was submitted by a new owner. Chairman Gating said that the value of the subject property could be impacted by a moratorium and asked if the property were to be sold could there be a contingency that the moratorium would be lifted? After talking to the Department of Community Development, Appraiser Pray was under the impression that it is fairly easy to remove the moratorium if requested by a new owner. When asked by Chairman Garing, Appraiser Pray responded that he didn't know what the difference was between Type II (partial release) and Type III (full release) of the moratorium, other than Type III involves a hearing examiner hearing. Vice - Chairman Shumaker asked if the moratorium was taken into account when valuing the subject property? Appraiser Pray responded that he was unaware of the moratorium when he valued the property. When it was brought to his attention he researched the process to release the moratorium and left the value the same. Chairman Gazing asked why the property was given an increase of 25% for site quality? Appraiser Pray replied that land is given a base rate and then adjusted up or down based on the amount needed to reach fair market value. Board of Equalization Minutes - October 27, 2010 Page: 7 Member Krist asked if Mr. Snyder is considered a new owner and can go through the process to remove the moratorium? Appraiser Pray replied that the Appellant purchased the property in October, 2007, filled out the Forest Practices Act application and checked `No' on question 24 which says that the land will not be converted to other uses other than forestry use and a six (6) moratorium is placed on the parcel(s) that apply to the Forest Practices Act application. Chairman Garing asked what the current assessed value of the property would be without the moratorium and Appraiser Pray responded that it would remain the same at $77,915. Chairman Garing then asked what the current assessed value would be if there was a moratorium on the property? Appraiser Pray said that the value would probably be lower and could be adjusted if that situation occurred. When asked about the 134 front feet listed on the worksheet, Appraiser Pray informed the Board each property owner has a 1 /50th interest in waterfront property located in the area. Hearing no further testimony, Chairman Gazing closed the hearing. The Board will make a determination at a later date. Karl & Cheryl Meents BOE: 10 -33 -LO PN: 601 061 017 Meents Trust 5201 N. Argonne Lane, Apt. 8 Spokane, WA 99212 Karl and Cheryl Meents were present. Appraiser John Pray represented the Assessor's office. After explaining the hearing process Chairman Gating swore in both parties. Under appeal is the land value of property located off of Gustaysen Road, Quilcene. Currently, the property is assessed at $150,000 land Only. The Appellants estimate the value is $100,000. Mr. Meents stated that due to SPAAD and Shoreline regulations he feels their property has decreased instead of increased in value as determined by the Assessor's office. The Appellants expressed concern regarding the 50% increase in the value of this unimproved high bank waterfront adjoining Gustaysen Road at the end of the Bolton Peninsula. They presented two partially cleared low bank waterfront view properties with tidelands located on the paved South Point Road. These parcels sold in May and July of 2010 for $86,500 and $140,000. They explained the subject property is high bank so it does not have beach access, and the view potential has been impaired by setback requirements and governmental restrictions on cutting vegetation. Appraiser Pray provided two comparable sales in the immediate area, a copy of the appraisal worksheet, and a map of the immediate vicinity with parcel notations. Board of Equalization Minutes - October 27, 2010 Page: 8 Comparable Property #1 Lot Size: 1.21 Acres (100' waterfront) Assessment Date: January, 2010 Assessment Price: $150,000 Sale Date: August, 2007 Sale Price: $235,000 ($2,350 per front foot) Comparable Pronertv #2 Lot Size: 1.4 Acres (125' Waterfront) Assessment Date: January, 2010 Assessment Price: $118,000 Sale Date: July, 2008 Sale Price: $170,000 ($1,360 per front foot) Chairman Gating asked if the new shoreline setback regulations will decrease the value of property in Jefferson County? Appraiser Pray responded that right now there is no evidence showing that property values have been affected by the 150' building restriction setback from shorelines. However, it may affect future assessments. Hearing no further testimony, Chairman Gating closed the hearing. The Board will make a determination at a later date. Paul & Janice Coover BOE: 10 -36 -R PN: 701 344 049 55 Beach Drive Quilcene, WA 98376 Paul and Janice Coover were present. Appraiser John Pray represented the Assessor's office. After explaining the hearing process Chairman Gating swore in both parties. Under appeal is the land and improvement value of property located at 55 Beach Drive, Quilcene. Currently, the property is assessed at $702,970 ($153,220 for the land and $549,750 for the improvements). The appellants estimate the value is $400,000 ($100,000 for the land and $300,000 for the improvements). Mr. Coover informed the Board that they researched the "cost approach" method to determine their estimate of value of $400,000. They submitted a spreadsheet that shows the assessment comparison of their property to surrounding parcels. Their assessed value is almost twice the amount of neighboring properties. Vice - Chairman Shumaker stated that the value of the home and ADU (not including land) listed on the 2008 building permit application was $652,000. Mrs. Coover responded that the building contractor filled out the permit application and they were unaware that he used that figure. They ended up firing him and hiring a new contractor. Board of Equalization Minutes - October 27, 2010 Page: 9 Appraiser Pray discussed the value that was listed on the building permit application. Originally, he had the improvements valued at $587,000 and later lowered them to $549,000 which is approximately $100,000 less than the value indicated on the building permit application. Comparable property sales were not available and Appraiser Pray had a difficult time placing a value on the improvements. He then requested documentation from the Appellants that would show the amount they paid in construction costs. That amount would be helpful in correctly assessing the value. The Appellant's informed Appraiser Pray and the Board that they have requested that information from their contractor, but have not received it yet. They do have cancelled checks to show the amount they paid to the contractor, but not with them at this time. Per a request from Vice- Chairman Shumaker, the Appellant's provided four parcels from their spreadsheet that are most comparable to their property. (601031005; 701 344 050; 701 344 046 and 701 344 033) Chairman Garing informed the Appellants that the Board does not compare assessments, they need comparable property sales. After discussing cost per square foot, Chairman Garing suggested that this hearing be continued to a future date and give both parties an opportunity to provide some additional evidence that might help in determining the true and fair market value. Appraiser Pray responded that he has no additional information to provide to the Board, however if the Appellants would like to gather additional information, such as comparable property sales and the total amount they paid to construct their home, he doesn't have an objection. The Appellants agreed to continue the hearing to a later date, not yet determined. Member Krist moved to adjourn the meeting Vice - Chairman Shumaker seconded the motion which carried by a unanimous vote. JEFFERSON COUNTY ATT ST: ^ BOARD OF EQUALIZATION &IieLocke , C /erhe Board Dave Garib'g, hairm n� (Resigned Prior to Approval) Sally Shumaker, Vice - Chairman v .;;', v -� - -1 -" Henry Krist, Member