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HomeMy WebLinkAboutM102913• ok Dave Garing Henry Krist Mike Smith 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Dave Garing Henry Kriat Michael Smith MINUTES October 29, 2013 Chairman Vice - Chairman Member Chairman Dave Garing called the meeting to order at 10:00 a.m. in the presence of Vice - Chairman Henry Krist. Member Michael Smith was absent. ASSESSOR'S RE- CERTIFICATION OF ASSESSMENT ROLLS On August 8, 2013 the Board reviewed and approved the Assessor's Certificate of Assessment Rolls. The previously approved Certificate of Assessment Rolls contained an error and the Assessor's Office provided a corrected certificate. Vice - Chairman Krist moved to accept the Assessor's Re- Certification of Assessment Rolls for 2013 in the amount of $4,334,996,270. Chairman Garing seconded the motion. The motion carried. CONSIDERATION OF PETITION RECEIVED AFTER FILING DEADLINE The Board reviewed a petition received after the filing deadline September 3, 2013. Per WAC 84.40.038, Section 2, the Board of Equalization may accept a petition filed after the deadline under certain circumstances. The appellants provided evidence to show that they were out of the country and were unable to file a petition within 30 days. Vice - Chairman Krist moved to accept the following petition. Chairman Gating seconded the motion. The motion carried. NAME PARCEL NO. Aimee Boulanger & Will Patric 984 902 204 Phone (360)385 -9100 Fax (360)385 -9382 jeffbocc@co.jefferson.wa.us Board of Equalization Agenda — October 29, 2013 Page: 2 ASSESSMENT CORRECTIONS AND PETITION WITHDRAWAL Vice - Chairman Krist moved to accept the following assessment corrections and petition withdrawal. Chairman Garing seconded the motion. The motion carried. NAME APPEAL NO. Elizabeth Berman BOE 13 -25 -LO " " BOE 13 -26 -LO Rick Jordan Family Trust BOE 13 -27 -LO " 11 BOE 13 -28 -LO HEARINGS Norma Fried, J. Dorn Campbell & BOE: 13 -21 -LO Jennifer Rietzke 13 -22 -LO 100922 d Street 13 -23 -LO Port Townsend, WA 98368 13 -24 -LO PARCEL NO. 948 319 701 948 319 704 998 803 101 998 805 001 PN: 931700 103 931 700107 931 700 108 936 900 701 J. Dom Campbell was present. Appraiser Charley Hough represented the Assessor's Office. After explaining the hearing process Chairman Garing swore in both parties. Under appeal are three unimproved parcels located off of Sheridan Street, Port Townsend and one unimproved parcel located on Jackman Street, Port Townsend. Following is the current assessment and the appellants' estimate of value for the parcels under appeal: Parcel No. Current Assessed Value Appellants' Estimate of Value 931 700 103 $60,000 (Land Only) $30,000 931 700 107 $60,000 (Land Only) $36,000 931 700 108 $72,000 (Land Only) $36,000 936 900 701 $152,000 (Land Only) $55,000 The appellant stated that parcel #931 700 103 consists of a single lot and parcel 4931700 107 and #931700 108 are a double lots. There is a wetland on the lower portion of the double lots making them only one buildable lot per parcel, which he feels significantly decreases the value. He discussed the comparable property sales provided by the Assessor's representative. The appellants' parcels are unimproved, yet the Assessor's representative provided improved property sales. The value of vacant land does not run parallel to property that is improved. Buyers typically purchase improved property and there are very few land only sales. Some of the land only sales the Assessor's representative provided are not comparable to his parcels. Some of them are commercial properties; waterfront view; located in a desirable neighborhood; and are in a planned development with all utilities ready for hook up. There is a lack of comparability. Board of Equalization Minutes — October 29, 2013 Page: 3 Chairman Garing stated that the appellant is referring to a list of all sales that occurred in Port Townsend and are not necessarily provided as comparable property sales. The appellant responded that is not the case. The comparable property sales he provided on his petition were not included on the sales report. He does not feel it is a complete list of all sales that occurred. He then discussed properties that are currently listed for sale and have been on the market for quite a while. His lots have been on the market for over a year with no offers. This shows that land only properties are not selling. He questioned why parcel #931700 107 and #931700 108 (both double lots) are valued differently. He also pointed out that the single lot (parcel #931700 103) and one double lot (parcel 4931 700 107) are valued the same. The appellant does not understand how Appraiser Hough came to value his parcels. He discussed comparable property sales that occurred in 2012 and 2013 ranging in price from $23,000 to $30,000. None of the comparable property sales provided by the appellant were listed on the Assessor's sales report. Appraiser Hough stated that pursuant to State law all land is valued the same whether it is improved or not. He did not provide any comparable property sales, he only referenced the sales report of all sales that occurred in Port Townsend. He stated that the land base rate for a single lot is $60,000 and a double lot base rate is $40,000. A map dated November 9, 2012 from the City of Port Townsend was provided indicating that wetlands exist on parcels #931700 107 and #931700 108. The wetland area has grown over time. BOE 13 -21 -LO (931700 103) He discussed the following comparable property sales provided by the appellant: Appellants' Comparable Propertv `A' Parcel No.: 948 327 706 Location: 305 Grant Street, Port Townsend Value: $36,000 Sale Date: July, 2012 Sale Price: $30,000 (Land Only) Appellants' Comparable Propertv `B' Parcel No.: 948 304 707 Location: Eisenbeis Addition; Block 47, Lot 6 Value: $36,000 ($48,000 base rate with 25% reduction) Sale Date: November, 2012 Sale Price: $25,000 (Land Only) Appellants' Comparable Propertv `C' Parcel No.: 987 300 808 Location: Phoenix Addition Alt #1; Block 8, Lot 8 Value: $26,000 ($40,000 base rate with 35% reduction) Sale Date: December, 2012 Sale Price: $23,000 (Land Only) Board of Equalization Minutes — October 29, 2013 Page: 4 Appellants' Comparable Property `D' Parcel No.: 987 300 906 Location: Phoenix Addition Alt. #1; Block 9, Lot 6 Value: $26,000 ($40,000 base rate with 35% reduction) Sale Date: April, 2013 Sale Price: $24,000 (Land Only) Appellants' Comparable Property `E' Parcel No.: 931700 102 Location: Weymouth & Dyer Addition; Block 1, Lots 2 and 3 Value: $32,000 Sale Date: July, 2012 Sale Price: $30,000 (Land Only) Appellants' Comparable Property `F' Parcel No.: 948 327 702 Location: Eisenbeis Addition; Block 277, Lot 3 Value: $36,000 Sale Date: August, 2012 Sale Price: $30,000 (Land Only) Appraiser Hough provided sales reports for: 1) all sales that occurred in Port Townsend for the period of July 1, 2012 through June 30, 2013; and 2) land only sales that occurred in Port Townsend for the period of July 1, 2012 through June 30, 2013. He is unsure why the appellants' comparable sales were not included in this report. Appraiser Hough also provided a report card showing all sales that occurred July 1, 2013 through September 15, 2013. The assessment date is January 1, 2013. On average, values in the City of Port Townsend were lowered by 20 %. BOE 13 -22 -LO (931 700 107) Appraiser Hough testified that the appellants' parcel has a base land value of $40,000 for each double lot parcel. A 25% reduction was given for the wetland located on this parcel, for a total value of $60,000. Chairman Garing asked how the 25% adjustment was determined? Appraiser Hough replied that the adjustment depends on the amount of impact that the wetland area has on each parcel. Currently, the appellants' parcels do not have utilities, however, they are available at Sheridan Street. Board of Equalization Minutes — October 29, 2013 Page: 5 He discussed the following comparable property sales provided by the appellant: Appellants' Comparable Property B' Parcel No.: 948 307 601 Location: Eisenbeis Addition; Block 76, Lot 1 & 2 Value: $43,200 ($72,000 base rate with 40% reduction) Sale Date: February, 2012 Sale Price: $45,000 (Land Only) Appellants' Comparable Property `D' Parcel No.: 948 328 403 Location: Eisenbeis Addition; Block 284, Lots 6 & 7 Value: $39,000 ($52,000 base rate with 25% reduction) Sale Date: August, 2012 Sale Price: $42,800 (Land Only) A 25% reduction was given for development costs and is zoned mixed use. When the parcel is developed the 25% reduction will be removed. Appellants' Comparable Property `E' Parcel No.: 950 700 105 Location: Evergreen Addition; Block 1, Lots 9, 10 and 11 Value: $36,000 ($120,000 base rate with 70% reduction) Sale Date: May, 2012 Sale Price: $40,000 (Land Only) The Right of Way encompasses half of this parcel therefore a 70% reduction was given. Appellants' Comparable Property `H' Parcel No.: 987 300 90' Phoenix Addition Alt. #1; Block 9, Lot 3 Value: $36,000 ($40,000 base rate, plus $10,000 for utilities; and 35% reduction) Sale Date: May, 2012 Sale Price: $24,000 BOE 13 -23 -LO (931 700 108) This parcel is similar to the previous lot. It is a double lot with a base land rate of $40,000 for each double lot parcel. This parcel received a 10% reduction for the impact of wetlands for a total value of $72,000. Chairman Garing asked if the wetlands have a buffer? If so, is it indicated on the wetlands map? The appellant responded that the map does not include the wetland buffer and therefore, does not include the entire impact of the wetlands. He will provide information showing the amount of the wetland buffer. The wetland delineation is done every few years. Board of Equalization Minutes — October 29, 2013 Page: 6 Appraiser Hough stated that he received correspondence from the City of Port Townsend Planning Department indicating that the appellants' three parcels have three building sites. He discussed the history of property sales in the Phoenix Addition: Year # of Sales Average Sale Price 2010 14 $33,700 2011 2 $30,000 2012 7 $27,142 2013 2 $24,000 The Phoenix Addition has CC &Rs which limit what can be done to properties in this area. Several of the sales that occurred were bank foreclosures. There is no view in this area. The appellants' parcels have a view. The appellant acknowledged that he used sales that included bank foreclosure sales. He feels there is relevance in these sales. In response to the comment that his parcel has a view, the appellant stated that there could be a view if a two story dwelling was built. But if someone built in front of the parcels, the view would be obstructed. The value of vacant land has decreased. All three parcels have been listed for sale for over a year, with no offers. The appellant will provide the following documents to the Board: 1) Real Estate flyers for the appellants' properties; and 2) Wetland Delineation Report. BOE 13 -24 -LO (936 900 701) The appellants' property consists of four contiguous lots located off of Jackman Street, Port Townsend in the California Addition subdivision. The appellants assert the true and fair market value to be $55,000. The Assessor established the value of this property as of January 1, 2013 for $152,000. The appellant testified that only one of the four lots has street access. He could not find similar property sales of four lots being sold in the immediate area. The closest comparable property was a three lot sale for $40,000. Appraiser Hough discussed the following comparable property sales: Comparable Property #1 Parcel No.: 972 901 706 Location: Montana Addition; Block 17, Lots 6 & 8 Value: $77,600 Sale Date: August, 2012 Sale Price: $80,000 (Land Only) The value reflects a 20% reduction for site quality. Board of Equalization Minutes — October 29, 2013 Page: 7 Comparable Property #2 Parcel No.: 972 903 401 Location: Montana Addition; Block 34, Lots 1 and 3 Value: $97,000 Sale Date: April, 2012 Sale Price: $125,000 (Land Only) Appellants' Comparable Property `A' Parcel No.: 972 901 702 Location: Montana Addition; Block 17, Lots 2 & 4 Value: $63,050 Sale Date: January, 2012 Sale Price: $63,000 The value reflects a 35% reduction for site quality. Appellants' Comparable Property `B' Parcel No.: 972 902 102 Location: Montana Addition; Block 21, Lots 5 & 7 Value: $63,050 Sale Date: November, 2011 Sale Price: $63,000 The value reflects a 35% reduction for site quality. Appellants' Comparable Property `C' Parcel No.: 972 903 001 Location: Montana Addition; Block 30, Lots 2 and 4 Value: $58,200 Sale Date: November, 2012 Sale Price: $57,000 The value reflects a 40% reduction for site quality. Appellant's Comparable Property `D' Parcel No.: 950 700 105 Location: Evergreen Addition; Block 1, Lots 9, 10 and 11 Value: $36,000 Sale Date: May, 2012 Sale Price: $40,000 The value reflects a 70% reduction for encroachment of the right of way. In response to a question about the proximity of the comparable property sales, Appraiser Hough responded that the comparable property sales are very close to the appellants' property. Hearing no further testimony, Chairman Gating closed the hearing. The Board will make a determination at a later date. Board of Equalization Minutes — October 29, 2013 Page: 8 Vice - Chairman Krist moved to adjourn the meeting at 12:40 p.m. Chairman Gating seconded the motion. The motion carried. AT Leslie R. Locke, Clerk of the Board JEFFERSON COUNTY BOARD OF EQUALIZATION Dave Garing airrn Henry Krist, Vice - Chairman (Excused Absence) Michael Smith, Member