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HomeMy WebLinkAboutM030915ok Dave Garing Henry Krist Mike Smith 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Dave Gar`�INUTES Henry Sr"t March 9, 2015 Michael smith Chairman Vice -Chairman Member Vice -Chairman Henry Krist called the meeting to order at 9:30 a.m. in the presence of Member Michael Smith. Chairman Dave Garing was absent. PETITION WITHDRAWALS Member Smith moved to accept the following petition withdrawals. Vice -Chairman Krist seconded the motion. The motion carried. NAME APPEAL NO. Charles DeRykus BOE 14-28-R William Marlow BOE 14 -76 -LO Richard Chapa BOE 14-82-R HEARINGS George & Mary Lathrop BOE: 14-07-R P.O. Box 945 Port Townsend, WA 98368 PARCEL NO. 938 100 406 961 805 603 985 203 609 PN: 948 329 001 George and Mary Lathrop were present. Appraiser Linda Manthe represented the Assessor's Office. After explaining the hearing process, Vice -Chairman Krist swore in both parties. Under appeal is the value of property located at 1511 31d Street, Port _ Townsend. The property was assessed as of January 1, 2014 and is currently valued at $151,318 ($65,100 for the land and $86,218 for the improvements). The appellants estimate the value to be $127,500 (no breakdown was given for the land and improvements). The appellants stated they purchased the property in June, 2014 for $127,500. This property had been repossessed by the bank for which there were three offers made. They feel that the Phone (360)385-9100 Fax (360)385-9382 jeffbocc@co.jefferson:wa.us Board of Equalization Minutes — March 9, 2015 Page: 2 purchase price should be the current value. Appraiser Manthe stated she used comparable property sales that occurred in the vicinity to determine the value of the appellants' property. The appellants' property is valued at $113 per square foot. The comparable sales used were $125 per square foot and higher. She feels the appellants' property has been adjusted to reflect the current value. The appellants are in the process of updating the condition of the home and those improvements will be assessed at a later date. Vice -Chairman Krist asked how long the property had been listed for sale? The appellants replied that the property had been on the market for approximately two years. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. Loretta Klock BOE: 14-44-R PN: 948 319 003 P.O. Box 314 Clallam Bay, WA 98326 Loretta Klock was present. Appraiser Linda Manthe represented the Assessor's Office. After explaining the hearing process, Vice -Chairman Krist swore in both parties. Under appeal is the value of property located at 910 Gise Street, Port Townsend. The property was assessed as of January 1, 2014 and is currently valued at $254,758 ($155,484 for the land and $99,274 for the improvements). The appellant estimates the value to be $247,354 ($148,080 for the land and $99,274 for the improvements). The appellant read a statement into the record (see attached). _ Appraiser Manthe stated she used three sales of comparable properties and provided that information to the appellant and the Board. There are older homes in this neighborhood as well as newer, bigger homes. She said there is a market for the older homes. She will make a note in the file that there is two bedrooms not three. The notation would be informational only. It does not change the value. The appellant testified that her property would not meet the bank guidelines for a selling price of $254,758. Appraiser Manthe questioned if the appellant had documentation to back up that statement? She stated that the appellant did not provide any comparable property sales or other evidence to support her estimated value. Vice -Chairman Krist said the appellant testified that the helicopter traffic is a concern and Board of Equalization Minutes — March 9, 2015 Page: 3 asked how often do they fly? Appraiser Manthe replied that she is not sure of the number, however the flight path doesn't seem to deter buyers. In response to a question about lot size, Appraiser Manthe said the property consists of 1.88 lots. The comparable properties used to determine the value are similar sized lots. The appellant stated that her husband is in the process of selling his mother's home and they have been working with a bank. She feels she knows what the requirements are in order to qualify to sell a home. She visited the Assessor's comparable properties and does not feel they are comparable. Two of them are not in the same neighborhood and are not impacted by the helicopter noise. The third comparable sale was built in the 1980s and has a better view. In the past, she was told by Assessor's Office staff that the value depends on the number of bedrooms. That is why she wanted to clarify that there are two bedrooms, not three. Appraiser Manthe said that the property owner is taxed on the square footage of the improvements, not the number of bedrooms. The appellant reiterated that she would like the value to remain at the 2013 value ($247,354). The shed located on the property is older than what is noted on the Assessor's worksheet. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. Wayne Bibbins BOE: 14-61-R PN: 948 304 804 1240 W. Sims Way #215 Port Townsend, WA 98368 Wayne Bibbins was present. Appraiser Linda Manthe represented the Assessor's Office. After explaining the hearing process, Vice -Chairman Krist swore in both parties. Under appeal is the value of property located at 1645 Jackman Street, Port Townsend. The property was assessed as of January 1, 2014 and is currently valued at $146,071 ($60,900 for the land and $85,171 for the improvements). The appellant asserts the true and fair market value of the property to be $124,000 ($44,000 for the land and $80,000 for the improvements). The appellant informed the Board that he originally filed three appeals. The Board is hearing the appeal of Parcel No. 948 304 804 and the remaining two appeals have the following status: • Parcel No. 948 308 403 — Petition declined; appellant sold for $44,000 and no longer Board of Equalization Minutes — March 9, 2015 Page: 4 owns. • Parcel No. 948 308 406 — Assessment Correction; Reduced value to $44,000 based on the sale of Parcel No. 948 308 403. Recently sold for $48,000 with access to utilities. The appellant stated he has tried to sell the improved parcel for quite some time for various prices. Two other lots in the same area sold recently for $35,000 each. Appraiser Manthe discussed the site value of $10,000 given to the appellant's property for utilities. She reviewed sales of comparable properties. The appellant stated he did a lot of the manual labor himself and saved a lot of money. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. Earl & Joanne Pickering BOE: 14-08-R PN: 953 700 323 8865 Flagler Road Nordland, WA 98358 Earl and Joanne Pickering were present. Appraiser John Pray represented the Assessor's Office. After explaining the hearing process, Vice -Chairman Krist swore in both parties. Under appeal is the value of property located at 8865 Flagler Road, Nordland. The property was assessed as of January 1, 2014 and is currently valued at $585,809 ($284,208 for the land and $301,601 for the improvements). The appellants assert the true and fair market value of the property to be $405,726 ($201,787 for the land and $203,939 for the improvements). The appellants stated that their neighbor's home sold in January, 2014 for $420,000. It is larger than their home and has a full apartment over their garage. Since that sale, the condition of the neighbor's home has deteriorated. They feel that has decreased the value of their home. The appellants had an independent appraisal done which determined the value to be $487,000. Out of the three comparable property sales provided by the Assessor's Office none of them had a home. One had some type of building valued at $16,000. The other two were bare land parcels and the waterfront qualities were not comparable. They stated these properties are not comparable to their property. Appraiser Pray stated that after reviewing the independent appraisal, he agrees that the appellants' property is overvalued. He feels the land value is correct. He recommended adjusting the quality of the home which would reduce the improvement value. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will Board of Equalization Minutes — March 9, 2015 Page: 5 make a determination at a later date. William Dias BOE: 14-89-R PN: 990 600 338 52 Jackson Lane Port Ludlow, WA 98365 William Dias was present. Appraiser Charley Hough represented the Assessor's Office. After explaining the hearing process, Vice -Chairman Krist swore in both parties. Under appeal is the value of property located at 52 Jackson Lane, Port Ludlow. The property was assessed as of January 1, 2014 and is currently valued at $529,450 ($220,800 for the land and $308,650 for the improvements). The appellant estimates the value to be $460,391 ($192,000 for the land and $268,391 for the improvements). The appellant stated that prior to purchasing the property, a bank appraisal was performed valuing the property at $477,000. He discussed the sale of comparable properties listed on his petition form. Both properties were located in his neighborhood. Comparable property A sold on August 29, 2014 for $457,781 and Comparable property B sold November 1, 2014 for $281,000. Appraiser Hough provided the following documents for review: • Area map of appellant's property; • Field sheet for appellant's property; • Tax affidavit showing the property was purchased by the appellant on March 28, 2012 for $475,000; • 2 Comparable Property Sales provided by the appellant; including a map, a field sheet and an Excise Tax Affidavit for each comparable sale; • Statistical Update Spreadsheet. He discussed the following comparable property sales provided by the appellant: Appellant's Comparable Property `A' Parcel No.: 990 600 355 Location: 21 Jackson Lane, Port Ludlow Value: $417,059 Sale Date: August, 2014 Sale Price: $457,500 Board of Equalization Minutes — March 9, 2015 Page: 6 Appellant's Comparable Property `B' Parcel No.: 990 600 347 Location: 91 Jackson Lane, Port Ludlow Value: $282,611 Sale Date: October, 2014 Sale Price: $262,000 Discussion ensued regarding prior Port Ludlow valuations. Appraiser Hough feels the improvement value is correct. However, he recommended removing the 40% site view quality which would reduce the land value from $220,800 to $161,000. Making the total assessed value $469,650. The appellant agreed with Appraiser Hough's recommendation. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. ADJOURNMENT Vice -Chairman Krist moved to adjourn the meeting at 12:05 p.m. Member Smith seconded the motion which carried by a unanimous vote. /TTT: eR. Loc e, Clerk of the Board JEFFERSON COUNTY BOARD OF EQUALIZATION (Excused Absence) Dave Garing, Chairman Henry Krist, Vice -Chairman �i`=ha*elSmith, Member Greetings: Let me introduce myself, Loretta Klock owner of the home located on 910 Gise St. within the city limits of Port Townsend. Let me start with a question for you ..... how many of you are Washington State natives....... Port Townsend natives ........ my point here is to establish that I call this residence a home because of several reasons. This home was the home of my parents (both deceased now) and many years of family events. It was the intent of my folks that this tradition be continued, something I have held onto since 2007 when my Mother died. I am here today to plead my case on the recent property valuation notice. I feel the set valuation is incorrect and not a true valuation for this home. I have come to this conclusion after review of the property valuation information, I've done the "numbers" in comparing and viewing the other properties as has the Assessor. I have questions and concerns, I note that the valuation is based on similar other resident sales, 2 of these sales are dated 2013 the other is an early 2014 sale. The market of residential sales has been ever changing with the banks loan requirements. In the last year.it appears that banks have tightened the guidelines for home lending. I believe my home would not meet the banks guidelines for a selling price of s254,758.00. I do not completely understand the coding and abbreviations used on this document but I do note apparent differences in the "land" section as I review my home and the comparables. For example under. Characteristics of sale #3 it also lists View: Marine and View: Territorial, with no lot size in the LA.DJ section. Sale #2 under adjustments lists a size adjustment (-15%) and within my home's section there is a (-lo%). Undoubtedly these all have an impact on the values, but are they (do they) adjust correctly? I also noted that the assessment lists my home with 3 bedrooms and unless requirements changed the home has a bedrooms as the P room has no closet. It is currently not used as a bedroom. I also noted (if I am reading the assessment correctly) that the shed is a 1973 era, but I believe that it is a pre 1973 perhaps a 1950's structure currently used for storage. The construction of newer, bigger and more expensive homes in the area I feel have greatly impacted the tax base for mine and a few other smaller older homes. The location of the hospital with it's ever expanding needs has it's impact also, with each expansion brings concern of water drainage and the concern of will it be handled effectively. The helicopter traffic is also a concern, landings at all times of the day and weather conditions. Street conditions for both Gise and Holcom are terrible they are pot hole/patched land mines that allow only one vehicle at a time. Not to mention the noise of the boat yard....... starting at dam and lasting till dark. Last but not lest is the fact thatj live on a fixed income and am afraid that one day perhaps soon I could be taxed out of my home. Living in the city limits has become -increasingly expensive, for example the City of Port Townsend water sewer bill has increased over $15.00 per month in the last year - yikes! What's next? Please leave my taxes at the previous rate of $242,627 I think it is more realistic, I have no plans on selling this family home...... where brothers, sisters, nieces, nephews and grandchildren come together.