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Dave Garing
Vacant
Henry Krist
1820 Jefferson Street
P.O. Box 1220
Port Townsend, WA 98368
Dave Gering Henry Krist
MINUTES
February 2, 2011
Michael Smith
Chairman
Vice - Chairman
Member
Chairman Dave Gating called the meeting to order at 9:30 a.m. in the presence of
Member Henry Krist. Per WAC 458 -14- 095(4) post hearing deliberations of the Board of
Equalization are not recorded. At the conclusion of the deliberations the Board resumed
the regular meeting at 11.45 a.m. and the following action was taken.
DETERMINATIONS
Paul & Janice Coover BOE: 10 -36 -R PN: 701 344 049
55 Beach Drive
Quilcene, WA 98376
The Appellants assert the true and fair market value of the subject property to be $400,000
rather than the Assessor's valuation of $702,970. They believe the home they built on their
property in 2008 is overvalued as a result of the depressed economy and housing slump.
The Appellants presented a list of approximately two dozen properties citing various
property characteristics as well as the assessed value and taxes paid on each. The
Appellants were asked to focus their evidence on properties that could be used as
comparable sales. They identified six properties with a comparative analysis of assessed
value, taxes, year built, square footage, and parcel size. MLS listing sheets for 3 of the
properties were presented indicating the assessed value in lieu of the actual listed or sales
price. While the assessed value for these three properties is lower than the subject
property, similarity in assessed value or a comparison of tax assessments is not germane to
the objective which is clear evidence of market value based on actual sales.
The Assessor's Representative explained that the individual characteristics of the land
(acreage with marine view) and relatively new construction were important factors in
determining the true and fair market value as of the assessment date (1- 1 -10). The
Assessor's Representative presented copies of the Appellants' building permit applications
Phone (360)385 -9100 Fax (360)385 -9382 jeffbocc&o.jefferson.wa.us
Board of Equalization Minutes - February 2, 2011 Page: 2
listing values of $557,000 for the home and $95,000 for the garage with satellite bedroom.
The Assessor's Representative stated that he was not able to identify specific comparable
sales in the area but generated values similar to amounts listed on the building permits. He
then adjusted the improved value downward for both physical and economic obsolescence.
The Board of Equalization finds that the Appellants did not present clear, cogent, and
convincing evidence necessary to overcome the presumptive correctness of the value
established by the Assessor.
Member Krist moved to sustain the Assessor's valuation of $702,970 ($153,220 for the
land and $549,750 for the improvements). Chairman Garing seconded the motion. The
motion carried. (See also minutes of January 26, 2011)
WorldMark, The Club BOE: 10 -26 -C PN: 10 -41302
9805 Willows Road NE
Redmond, WA 98052
The Board considered the information presented by the Appellants and the Assessor's
Representative.
The Appellants requested that they be exempt from the County's personal property tax
under RCW 84.36 because household goods and furnishings are used by the timeshare
owners for their use in their shared units and are not for sale or commercial use. The
Appellants provided a copy of a letter dated April 30, 2010 sent to the Assessor's Office
outlining why the exemption should be granted.
The Assessor's Representative provided correspondence from the Washington State
Department of Revenue which stated that per the statute and an audit which was
performed in 2007, the Appellants do not qualify for the requested exemption. Other
exhibits were submitted including a copy of the audit and a portion of the appropriate
RCW.
Based on the information presented, the Board of Equalization finds that the Appellants
did not present convincing evidence to overcome the presumptive correctness of the
Assessor's decision.
Member Krist moved to sustain the Assessor's decision that the appellants are not entitled
to the requested personal property tax exemption. (See also minutes of January 26, 2011)
Board of Equalization Minutes - February 2, 2011 Page: 3
Susan Kraght BOE: 10 -43 -R PN: 945 000 402
7698 E. Minnezona Avenue
Scottsdale, AZ 85251 -2102
The Appellant asserts that the true and fair market value of the subject property is
$92,000 rather than the assessed valuation of $152,140. On her appeal form she stated
that the property was on the market for 220 days before she made an offer which was
readily accepted as well as the fact that the house was outdated with the original interior
from 1981. The subject property was purchased by the Appellant on October 22, 2010.
The Appellant presented one (1) comparable sale that closed in October, 2010 for
$108,000.
The Assessor's representative concurs that property values have significantly declined
during the last few years, however the value of the subject property was not high at the
time of assessment (1- 1 -07). He also submitted a comparable sale which supported his
valuation. The Assessor's Representative objected to the Appellant's comparable sales on
the basis that it occurred in October 2010, well beyond the valuation cycle for properties
in this valuation district. 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 Board of Equalization determined that the appellant did not present convincing
evidence that the Assessor's valuation on January 1, 2007 was incorrect.
Member Krist moved to sustain the Assessor's valuation of $152,140 ($44,640 for the
land and $107,500 for the improvements). Chairman Garing seconded the motion. The
motion carried. (See also minutes of January 26, 2011)
Member Krist moved to adjourn the meeting. Chairman Garing seconded the motion.
The motion carried.
ZA
L slie R. Lock Ver the Bo ard
JEFFERSON COUNTY
BOARD OF EQUALIZATION
Dave G ri , Char
v�
Henry Krist, Member
(vacant)
Member