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Dave Garing
Mike Smith
Henry Krist
Dave Gering
MINUTES
June 5, 2013
1820 Jefferson Street
P.O. Box 1220
Port Townsend, WA 98368
Henry Krist
Michael Smith
Chairman
Vice - Chairman
Member
Chairman Dave Garing called the meeting to order at 9:30 a.m. in the presence of Vice - Chairman
Michael Smith and Member Henry Krist.
APPROVAL OF MINUTES
Vice - Chairman Smith moved to approve the minutes of November 8, 14 and 20, and December 13, 2012
and January 23, and 28, and February 7 and 14, and May 9, 2013. Member Krist seconded the motion
which carried by a unanimous vote.
HEARINGS
Herbert & Eve Laeger BOE: 12 -71 -R PN: 978 802 029
81 Crystal Court
Port Ludlow, WA 98365
Eve Laeger was present. Appraiser Charley Hough represented the Assessor's office. After explaining
the hearing process Chairman Garing swore in both parties. Under appeal is property located at 81
Crystal Court, Port Ludlow.
Currently, the property is assessed at $384,580 ($135,000 for the land and $249,580 for the
improvements). The appellant estimates the value to be $315,000 ($135,000 for the land and $180,000
for the improvements).
The appellant stated they purchased the property in November 2012 for $315,000. The appellant stated
their comparable property sale "A" is located in the same neighborhood and has the same square footage
as their property. The appellant also noted that the assessed value for comparable property "A" is
$336,995 and their assessed value is $384,580. There seems to be an inequity in those values.
Phone (360(385 -9100 Fax (360)385 -9382 jeffbocc@co.jefferson.wa.us
Board of Equalization Minutes — June 5, 2013 Page: 2
Appellants' Comparable Property "A"
Parcel No.: 978 802 012
Location: 610 Mt. Constance Way, Port Ludlow
Value: $336,995
Sale Date: December, 2012
Sale Price: $319,000
On their petition the appellants provided 5 (A thru E) comparable property sales that occurred after the
assessment date of January 1, 2011. As an addendum to their petition, the appellants provided the
following comparable property sales that occurred prior to the assessment date:
Appellants' Comparable Property 41
Parcel No.:
990 400 143
Location:
22 Cressey Lane, Port Ludlow
Value:
$244,035
Sale Date:
September, 2010
Sale Price:
$300,000
Appellants' Comparable Property 92 and #2A
Parcel No.:
978 900 061
Parcel No.:
978 900 060
Location:
341 Olympus Blvd., Port Ludlow
Value:
$205,695
Value:
$20,000
Sale Date:
July, 2010
Sale Price:
$294,900
Appellants' Comparable Property 43
Parcel No.:
990 500 040
Location:
74 Falcon Lane, Port Ludlow
Value:
$165,895
Sale Date:
September, 2010
Sale Price:
$200,000
Appellants' Comparable Property #4
Parcel No.:
990 500 052
Location:
102 Warbler Lane, Port Ludlow
Value:
$168,410
Sale Date:
December, 2010
Sale Price:
$218,000
Board of Equalization Minutes — June 5, 2013 Page: 3
Appellants' Comparable Property 45
Parcel No.: 990 603 107
Location: 43 Pioneer Drive, Port Ludlow
Value: $183,515
Sale Date: December, 2010
Sale Price: $225,000
Annellants' Comparable Pronerty #6
Parcel No.:
951 400 008
Location:
184 Dogleg Lane, Port Ludlow
Value:
$238,205
Sale Date:
October, 2010
Sale Price:
$225,000
Appellants' Comparable Property #7
Parcel No.: 994 600 21 1
Location: 81 Joan Street, Port Ludlow
Value: $284,635
Sale Date: August, 2010
Sale Price: $245,137
Annellants' Comparable Property 98
Parcel No.:
952 900 006
Location:
202 Garten Road, Port Ludlow
Value:
$231,580
Sale Date:
August, 2010
Sale Price:
$263,000
Appraiser Hough provided five (5) comparable property sales and he also provided information on the
comparable property sales provided by the appellant. The appellants' property is located in the Olympic
Terrace Division II established by Port Ludlow Associates in 2008.
The following comparable property sales were reviewed:
Comparab
Parcel No.:
Location:
Value:
Sale Date:
Sale Price:
le Propertv #1
978 802 028
91 Crystal Court, Port Ludlow
$417,455
April, 2010
$496,000
Board of Equalization Minutes — June 5, 2013 Page: 4
Comparable Property #2
Parcel No.:
978 802 030
Location:
61 Crystal Court, Port Ludlow
Value:
$344,680
Sale Date:
March, 2009
Sale Price:
$385,000
Comparable Property 43
Parcel No.: 978 802 010
Location: 570 Mt. Constance Way, Port Ludlow
Value: $363,855
Sale Date: September, 2011
Sale Price: $375,000
Comparable Property 94
Parcel No.: 978 802 011
Location: 580 Mt. Constance Way, Port Ludlow
Value: $349,325
Sale Date: December, 2012
Sale Price: $349,900
Comparable Property 45
Same as appellants' Comparable Property "A"
Appraiser Hough also provided a listing history of the appellants' property:
LISTED
March 20, 2008
June 5, 2009
August 8, 2010
April 19, 2012
August 30, 2012
November 12, 2012
PRICE
$589,900
$469,000
$400,000
$339,900
$324,900
$315,000 SOLD
Appraiser Hough stated that the appellants' comparable property sales #2, #7 and #8 are not located
within the Port Ludlow Master Planned Resort. The appellants' comparable property sales #2 and 43
were estate sales and #7 was a bargain and sale deed. He noted that all of his comparable property sales
sold for more than the assessed value.
Hearing no further testimony, Chairman Gating closed the hearing. The Board will make a
determination at a later date.
Board of Equalization Minutes — June 5, 2013 Page: 5
Richard Chapa BOE: 12 -73 -R PN: 985 203 609
1151 V Street
Port Townsend, WA 98368
Richard Chapa 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 and improvement
value of property located at 1151 V Street, Port Townsend.
Currently, the property is assessed at $412,260 ($122,500 for the land and $289,760 for the
improvements). The appellant estimates the value to be $351,008 ($104,300 for the land and $246,708
for the improvements).
The appellant stated he moved into the area in 2004, rented a home, and finally purchased a home in
August 2012. He was unaware of the four year assessment cycle used by the Jefferson County
Assessor's office and agrees with the fair market value as of the assessment date of January 1, 2009.
However, he believes there are some discrepancies with items that are valued on the Assessor's
worksheet. There is no carpet on the first floor; the back porch has deteriorated and needs to be
replaced; the appliances have not been replaced since the home was built in 2001; and the heat pump has
been removed and replaced with forced air.
Appraiser Pray stated that the Assessor's office is in the process of re- assessing properties in the Port
Townsend revaluation area and he estimates values will decrease 15 -20% from four years ago. Using
the sales data report, the appellant's property value as of January 1, 2013 will be approximately
$340,000.
Hearing no further testimony, Chairman Garing closed the hearing. The Board will make a determination
at a later date.
Chris & Laurie Malan BOE: 12 -72 -R PN: 921 191 035
740 North Northridge Drive
Bountiful, UT 84010
Chris and Laurie Malan were not present. Appraiser John Pray represented the Assessor's Office and
was sworn in by Chairman Gazing. Under appeal is the land and improvement value of property located
at 3135 Oak Bay Road, Port Hadlock.
Currently, the property is assessed at $460,840 ($315,675 for the land and $145,165 for the
improvements). The appellants estimate the value to be $335,000 ($229,475 for the land and $105,525
for the improvements).
On the petition form the appellants wrote the following reason for appealing the valuation of their
parcel: "Property values in Kitsap, Jefferson and Clallam Counties have declined significantly over the
past several years. The subject property was on the market in excess of], 150 days. The property was
purchased by petitioner on October 2, 2012 for $335, 000 which represents 100% the true and fair
Board of Equalization Minutes — June 5, 2013 Page: 6
market value of this property and the amount we, as willing and unobligated buyers, were willing to pay
a willing and unobligated seller. "
Appraiser Pray stated that the appellants' property consists of 3.38 acres with 168 feet of waterfront.
The appellants purchased the property in October 2012 for $335,000 and he feels they got a great deal.
The first level of the home consists of 1,776 square feet with a daylight basement that is 75% complete.
The property has beach access, an unobstructed water view, large detached garage, and a carport.
The following comparable property sales using the same waterfront foot rate were reviewed:
Comparable Property #1
Parcel No.: 921 182 010
Location: 301 Old Oak Bay Road, Port Hadlock
Value:
$300,720
Sale Date:
May, 2011
Sale Price:
$329,000
Comparal
Parcel No.
Location:
Value:
Sale Date:
Sale Price:
)le Property #2
921 294 002
551 Bay Way, Port Ludlow
$525,095
December, 2010
$644,100
Comparable Property 43
Parcel No.: 916 800 004
Location:
346 Bay Way, Port Ludlow
Value:
$622,875
Sale Date:
August, 2010
Sale Price:
$787,500
Appraiser Pray feels the current value is correct.
Hearing no further testimony, Chairman Gating closed the hearing. The Board will make a determination
at a later date.
Eric Lund & Joy Pollock BOE: 12 -74 -R PN: 984 600 202
1029 W. San Antonio Street
San Marcos, TX 78666
Eric Lund and Joy Pollock were 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 630 Roosevelt Street, Port Townsend.
Currently, the property is assessed at $477,870 ($217,000 for the land and $260,870 for the
Board of Equalization Minutes — June 5, 2013 Page: 7
improvements). The appellants estimate the value to be $405,000 ($217,000 for the land and $188,000
for the improvements).
On the petition form the appellants wrote the following reason for appealing the valuation of their
parcel: "l) Actual selling price of this property on 8110112 is S405,000, 2) comps for similar houses
sold in area range $375, 000 to $426, 000. "
Appraiser Pray stated the appellants purchased the property in August, 2012 for $405,000 and it is
currently valued as of January 1, 2009 at $447,870. He said the Assessor's office is in the process of re-
assessing property in the Port Townsend revaluation area and he estimates values will decrease 15 -20%
from four years ago. Using the sales data report, the appellants' property value as of January 1, 2013
will be approximately $380,000 (20% reduction) or approximately $405,000 (15% reduction). He added
that the property sold in September 2005 for $475,000. Later that year, a permit was approved to install
an elevator showing improvements have been made to the property. The property was listed for sale in
September, 2010 for $565,000. The asking price was reduced five times before the appellants purchased
the property in August 2012.
Appraiser Pray reviewed the appellants' comparable property sales:
Comparable Property 41
Parcel No.:
988 801 206
Location:
833 Taylor Street, Port Townsend
Value:
$361,795
Sale Date:
August, 2008
Sale Price:
$375,000
Comparabl
Parcel No.:
Location:
Value:
Sale Date:
Sale Price:
e Property #2
974 101 402
656 Root Street, Port Townsend
$394,265
September, 2009
$410,000
Comparable Property #3
Parcel No.: 965 701 904
Location:
912 Benton Street, Port Townsend
Value:
$361,970
Sale Date:
July, 2008
Sale Price:
$425,000
Comparable Property #4
Parcel No.: 984 905 503
Location: 735 U Street, Port Townsend
Value: $398,650
Sale Date: October, 2009
Sale Price: $426,000
Board of Equalization Minutes — June 5, 2013 Page: 8
In response to a question raised by Chairman Gating of whether the comparable property sales
submitted by the appellants are comparable, Appraiser Pray stated that they are not comparable. The
appellants' property has a view of the water and the comparable properties do not.
Hearing no further testimony, Chairman Garing closed the hearing. The Board will make a determination
at a later date.
NOTICE OF ADJOURNMENT
Member Krist moved to adjourn the meeting at 11:00 a.m. Vice - Chairman Smith seconded the motion
which carried by a unanimous vote.
JEFFERSON COUNTY
EQUALIZATION
ATT ST: �> Dave Gar ng, G
,
she R. Locke, Cl r of the Board Mike Smith, Vi
Henry Krist, Member