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Home My WebLink AboutM112210• .. 0k 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Dave Garing Sally Sh=aker Henry Krist MINUTES November 22, 2010 Dave Garing Chairman Sally Shumaker Vice - Chairman Henry Krist Member Chairman Dave Gating called the meeting to order at 10:45 a.m. in the presence of Member Henry Krist and Vice - Chairman Sally Shumaker. REQUEST TO RECONVENE A "Request to Reconvene" was received by the Board of Equalization for the 2010 season. It was submitted on the basis that the taxpayer has met the specific requirement outlined in WAC 458 -14 -127 RECONVENED BOARDS - AUTHORITY (1)(c) which states that Boards of Equalization may reconvene on their own authority to hear requests or appeals concerning the current assessment year when the request or appeal is filed with the Board by April 30 of the tax year immediately following the Board's regularly convened session and when a bona fide purchaser or contract buyer of record has acquired an interest in real property subsequent to the first day of July and on or before December 31 of the assessment year and the sale price was less than ninety percent of the assessed value. The Clerk of the Board confirmed with the Assessor's office that the appellant has met this requirement. Vice - Chairman Shumaker moved to reconvene the 2010 Board of Equalization for the following taxpayer appeal that cvas timely filed: APPELLANT Susan Kraght PARCEL NO. 945 000 402 Member Ktist seconded the motion which carried by a unanimous vote. ASSESSMENT CORRECTION Vice - Chairman Shumaker moved to accept the following assessment correction. Member Krist seconded the motion which carried by a unanimous vote. NAME John Ritland APPEAL NO. PARCEL NO. BOE 10 -40 -R 962 115 206 Phone (360)385 -9100 Fax (360(385 -9382 jeffboceCiuco.jefferson.wa.us Board of Equalization Minutes - November 22, 2010 Page: 2 HEARINGS John Scott & Ann Perrotta BOE: 10 -42 -R PN: 959 500 021 101 -5 Highland Green Port Ludlow, WA 98368 John Scott and Ann Perrotta were not present. Appraiser Charley Hough represented the Assessor's office and was sworn in by Chairman Gating. Under appeal is a condominium unit located at Highland Greens in Port Ludlow. Currently, the property is assessed at $236,750 ($50,000 for the land and $186,750 for the improvements). The appellants estimate the value is $139,990 ($29,565 for the land and $110,425 for the improvements). On the petition form the appellants wrote the following reason for appealing the valuation of their property: "See Attached Documents: Statutory Warranty Deed Dated 07/09/2010, Buyer /Borrower Final Statement (Escrow #10 -0086, and copy of Jefferson County second payment coupon. Fair market values have decreased +/- 40% since the property was assessed 2007." Appraiser Hough informed the Board that the appellants purchased the property July 9, 2010 for $140,000. Seven (7) units of the Highland Greens have sold between August 2006 and October 2010. The Assessor's office agrees that fair market values have decreased about 40% since the assessment date of January 1, 2007. He then reviewed the following comparable sales: Comparable Pronertv #1 (Unit #104 Parcel No.: 959 500 004 Assessment Date: January, 2007 Assessment Price: $208,750 Sale Date: July 20, 2007 Sale Price: $218,300 Resold Date: June 10, 2009 Resold Price: $154,900 (29% Less) Comparable Property 42 (Unit 4204 Parcel No.: 959 500 010 Assessment Date: January, 2007 Assessment Price: $208,750 Sale Date: October 18, 2007 Sale Price: $217,500 Board of Equalization Minutes - November 22, 2010 Page: 3 Comparable Property #3 (Unit #303 Parcel No.: 959 500 015 Assessment Date: January, 2007 Assessment Price: $225,125 Sale Date: August 30, 2006 Sale Price: $283,000 Comparable Property #4 (Unit #304 Parcel No.: 959 500 016 Assessment Date: January, 2007 Assessment Price: $231,500 Sale Date: April 5, 2006 Sale Price: $242,000 Resold Date: August 10, 2009 Resold Price: $188,400 (22% Less) Comparable Property #5 (Unit #503) Parcel No.: 959 500 023 Assessment Date: January, 2007 Assessment Price: $208,750 Sale Date: May 11, 2007 Sale Price: $233,500 Based on comparable property sales Appraiser Hough feels the appellant's condo was valued correctly as of January 1, 2007. Hearing no further testimony, Chairman Garing closed the hearing. The Board will make a determination at a later date. Paul Berkshire BOE: 10 -41 -R PN: 931 401001 21122°" Street Port Townsend, WA 98368 Paul Berkshire was not present. Appraiser John Pray represented the Assessor's office and was sworn in by Chairman Garing. Under appeal is the land and improvement value of property located at 1001 "E" Street, Port Townsend. Currently, the property is assessed at $304,770 ($100,000 for the land and $204,770 for the improvements). The appellant estimates the value is $215,000 (No Breakdown for the land and the improvements was provided). On the petition form the appellant wrote the following reason for appealing the valuation of his property: "Property was purchased 7/16/10 for $215,000 which reflects true market value. Sales record on file" Board of Equalization Minutes -November 22, 2010 Page: 4 Appraiser Pray stated that the appellant purchased the home on July 16, 2010 for $215,000. He then reviewed the following comparable sales: Comparable Property Parcel No.: 931 401 002 Assessment Date Sale Date: Sale Price: January, 2009 February 19, 2008 $322,500 Comparable Proaerty #2 Parcel No.: 931 401 004 Assessment Date: January, 2009 Sale Date: February 17, 2006 Sale Price: $180,000 (Land Only) Comparable Property 43 Parcel No.: 931 401 003 Assessment Date: January, 2009 Sale Date: August 21, 2007 Sale Price: $350,000 Appraiser Pray informed the Board that the subject property is in need of a major remodel. He doesn't have any objection to lowering the improvement value 10 -15 %, however the land is valued correctly. Discussion continued about the qualities of the home and the dollar amount per square foot that was used in determining the improvement value. Hearing no further testimony, Chairman Gating closed the hearing. The Board will make a determination at a later date. DETERMINATIONS - POSTPONED Due to the snowy weather conditions, Member Krist moved to postpone the determinations scheduled for today until Monday, November 29, 2010 at 9:30 a.m. Vice - Chairman Shumaker seconded the motion which carried by a unanimous vote. EQUALIZE RENEE SHORT PLAT The Washington State Department of Revenue has granted permission to reconvene the Jefferson County Board of Equalization in order to equalize property located in Jefferson County. Board of Equalization Minutes - November 22, 2010 Page: 5 On August 9, 2010 a land only appeal was heard by the Board for a parcel located on Austin Mathew Lane, Port Townsend (Renee Short Plat). Based on the Appellant's evidence of land values in the vicinity of the subject parcel, Appraiser Pownall requested that the Appellant's property value be lowered and that the Board equalize the surrounding parcels. To equalize the surrounding parcels, Appraiser Pownall feels an additional -40% adjustment for each lot is appropriate to assure fair market value as of the assessment date of January 1, 2009. Member Krist moved to equalize the remaining parcels in the Renee Short Plat as shown below: Property Owner Name Current Assessed Value Equalized Value Parcel 4 Maryann Miller $71,250 $33,250 948 334 411 Maryann Miller $67,500 $31,500 948 334 412 Maryann Miller $67,500 $31,500 948 334 413 Maryann Miller $67,500 $31,500 948 334 414 James & Bonnie Landreth $82,500 $38,500 948 334 415 John & Mary Metke $67,500 $31,500 948 334 416 John & Mary Metke $67,500 $31,500 948 334 417 Vice - Chairman Shumaker seconded the motion which carried by a unanimous vote. The property owners will be notified in writing of the Renee Short Plat equalization. Member Krist moved to adjourn the meeting until November 29, 2010 at 9:30 a.m. Vice - Chairman Shumaker seconded the motion which carried by a unanimous vote. JEFFERSON COUNTY ATT ST: BOARD OFF EQUALIZATION s re R. Locke, C er of the Board Dave Garing Aairn (Resigned Prior to Approval) Sally Shumaker, Vice- Chairman Henry Krist, Member