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Home My WebLink AboutM110812• 1� EQU41 O Dave Garing Michael Smith Henry Krist 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Dave Gering Henry Krist MINUTES November 8, 2012 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. Vice - Chairman Michael Smith was absent. ASSESSMENT CORRECTION Member Krist moved to accept the following assessment correction. Chairman Gating seconded the motion. The motion carried. NAME APPEAL NO. PARCEL NO. Trevor & Meredith Hanson BOE 12 -55 -LO 002 342 025 DETERMINATIONS Per WAC 458 -14- 095(4) post hearing deliberations of the Board of Equalization are not recorded. The Board began post hearing deliberations at 9:35 a.m. At the conclusion of the deliberations the Board resumed the regular meeting at 12:07 p.m. and the following action was taken. Cynthia & Rick Landis BOE: 12 -12 -R PN: 995 300 004 4943 SR 20 Port Townsend, WA 98368 The property under appeal is a cottage condominium located at 303 Castellano Way in Port Townsend. The Assessor valued the land at $65,000 and improvements at $179,470 for a total assessment of $244,470 as of January 1, 2009. The Appellants' estimate of value is $55,000 for the land and $159,470 for the improvements. The total of these two amounts is $214,470 rather than $210,470 as listed on the appellants' petition. Their estimate is primarily based on an identical unit which was sold two years ago for $240,000. the Board of Equalization Minutes — November 8, 2012 Page: 2 comparable property sale #2 sold for $284,900 in December, 2007. The Board concurred 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 $244,470 ($65,000 for the land and $179,470 for the improvements). Chairman Gating seconded the motion. The motion carried. (See also minutes of October 23, 2012) Robert Wise Marsh Andersen, LLC P.O. Box 10477 Bainbridge Island, WA 98110 BOE: 12 -21 -LO thru 12 -35 -LO Chairman Gating stated that the Board received a letter from Appraiser John Pray stating that he is unable to collaborate with the appellant because the difference between the Assessor's value and the appellant's value is too great. Additional information is needed for the Board to determine fair market value for each of the 15 parcels under appeal. The Board requested the following documents /information from the Assessor's Office: An assessment worksheet for each parcel List of raw land sales for 2010 -2011 for the immediate area. At least six (6) raw land sales with a map and assessed value of each of those parcels Assessor's worksheet for raw land in the area which has not sold and is not owned by the appellant The standard percentage adjustment given to a parcel when it is unbuildable due to limiting factors of the property Once the Board receives all of the information requested, a hearing on the appeals will be scheduled. (See also minutes of October 23, 2012) Craig Cholvin & Stacy Ann Olson BOE: 12 -37 -R PN: 931 500 106 1208 Franklin Street Port Townsend, WA 98368 The property under appeal is located at 860 Olympus Boulevard in Port Ludlow and was purchased by the appellants in June 2012 for $365,000. The appellants are appealing the January 1, 2011 valuation of $410,035 ($292,720 for the land and $117,315 for the improvements). The appellants stated that their appeal is based on a comparable property sale located at 234 Olympus Boulevard that occurred in September 2011 as a short sale. The appellants testified that they paid approximately $15,000 over the listing price and Board of Equalization Minutes — November 8, 2012 Page: 3 they cited a number of differences between the two houses such as the number of bedrooms, lot size, waterfront footage, age, and size of the garage. The Assessor's representative presented a sale of comparable property located at 782 Olympus Boulevard which sold for $495,000 in September 2012. The current assessment of the property is $412,000. The land is approximately 25 -30% smaller than the appellant's property with approximately 15% less waterfront footage. The Board concurred that the appellant 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 $410,315 ($292,720 for the land and $117,315 for the improvements). Chairman Gating seconded the motion. The motion carried. (See also minutes of October 23, 2012) Georgette Semick & Gary Rossow BOE: 12 -48 -LO PN: 940 500 037 JTWROS 31 N. Rhododendron Drive Port Townsend, WA 98368 The appellants' property is a view lot in Cape George Village. The appellants estimate the value of this lot to be $18,000 while the Assessor values it at $35,000. The appellants purchased the property for $18,000 in October 2004. Their estimate of value is based on the fact that the Jefferson County Public Health Department has found this lot unsuitable for a septic system since 1998. A "Wet Season Evaluation" was completed indicating a very shallow water table on the property. The appellants estimate the cost to install a septic system on their property would be no less than $17,000 if they were actually able to obtain a permit. The appellants presented four comparable property sales and a letter from the Jefferson County Public Health Department. Appellants' comparable property sale "A" consists of a lot that sold for $8,250 in June 2010 and currently has a value of $7,438. It is unclear if this lot is buildable. Appellants' comparable property sale "B" is a lot that sold for $35,000 in August 2012 and is approved for a two mound septic system. Appellants' comparable property sale "C" is a lot currently valued at $8,750 and serves as a functioning drain field for the home on an adjoining lot. Appellants' comparable property sale "D" is a lot that has been issued a septic permit and sold for $22,500 in October 2008. The Assessor's representative presented eleven comparable properties. Five of those are a combination of improved and unimproved listings that have not recently sold. Four are Board of Equalization Minutes — November 8, 2012 Page: 4 improved property sales, and another is a lot with a septic permit that sold for $35,000 in August 2012 and is assessed at $35,000. The final comparable property is a lot on which improvements had previously existed, that sold for $42,000 in November 2011. After reviewing all the information submitted, the Board concurred to overrule the Assessor's valuation. Member Krist moved to overrule the Assessor's valuation of $35,000 and reduce the value of the appellants' property to $28,000. This represents a negative 60% adjustment to the Assessor's base value of $70,000. Chairman Garing seconded the motion. The motion carried. (See also minutes of October 25, 2012) NOTICE OF ADJOURNMENT Member Krist moved to adjourn the meeting at 12:11 p.m. Chairman Garing seconded the motion. The motion carried. ATTEST: Leslie R. Locke, Clerk of the Board JEFFERSON COUNTY i O�F E UALIZATION l Dave Garin Chaj an Michael Smith, Vice - Chairman Henry Krist, Member