The URL can be used to link to this page

Home My WebLink AboutM031115o� EQU�9l Dave Garing Henry Krist Mike Smith 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Dave Garin MINUTES Henry Krist March 11, 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. ASSESSMENT CORRECTIONS Member Smith moved to accept the following assessment corrections. Vice -Chairman Krist seconded the motion. The motion carried. NAME APPEAL NO. PARCEL NO. William Marlow BOE 14-02-R 001 333 018 " BOE 14 -03 -LO 001 093 005 " BOE 14-04-R 001 333 020 " BOE 14 -05 -LO 901 245 001 " BOE 14 -06 -LO 001 332 016 " BOE 14 -73 -LO 001 332 016 " BOE 14-74-R 961 803 307 " BOE 14 -75 -LO 961 803 312 " BOE 14-77-R 961 805 604 HEARINGS Ronald Gregory BOE: 14 -13 -LO PN: 970 800 005 22 McCurdy Lane Port Ludlow, WA 98365 Ronald Gregory was 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 a bare land parcel located in Mats View Meadows (aka Sunrise Cove Development) in Port Ludlow. The property was assessed as of January 1, 2014 and is currently valued at $108,000. The appellant estimates the value to be $55,000. Phone (360)385-9100 Fax (360)385-9382 jeffbocc@co.jefferson.wa.us Board of Equalization Minutes — March 11, 2015 Page: 2 The appellant stated that there have been no sales in the area except for one lot owner who purchased an adjacent lot to preserve his view. The appellant acquired his parcel through a civil action against a prior business partner. The property has been listed for sale for the past five years below assessed value with no offers. Appraiser Pray stated that there were two sales of improved properties in the development which sold in 2013 for more than their assessed values. He provided real estate listings for property located in the development. All the properties are listed for approximately 20% below the assessed value. He feels the appellant's property is over -valued, however, he does not feel the appellant's estimated value of $55,000 is the value. The appellant testified that he has talked to a Realtor who told him that his property would sell for $55,000. He asked if there was a possibility to request relief for prior assessments. In answer to a question from Member Smith, the appellant stated the Homeowners Association fee is $300 per year for maintenance. He does not want to lower the values in the development by listing his property for $55,000. He would agree to a value between $70,000 and $80,000. The appellant stated that there is a community drainfield for property owners. However, they still have permit costs and the cost of installing a septic system. After discussion of two improved property sales in the development, Appraiser Pray recommended a 25% reduction for the cost to develop. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. Gene C. Howe Revocable Trust BOE: 14 -15 -LO PN: 901 084 005 34146 Ickler Avenue N. Lillian, AL 36549-4037 Gene Howe was not present. Appraiser John Pray represented the Assessor's Office and was sworn in by Vice -Chairman Krist. Under appeal is the value of a bare land parcel located off of State Route 20 near Discovery Bay. The property was assessed as of January 1, 2014 and is currently valued at $47,443. The appellant estimates the value to be $29,500. On the petition form the appellant wrote the following reason for appealing the valuation of his parcel: "Property was purchased at public sale on July 31, 2013 for $29,500. That is the true and fair value of the property since there were no offers above that value. " Appraiser Pray stated that the appellant's property has a view and is located on the water, contrary to what he indicated on his petition form. This parcel sold in 2002 for $55,000 and the current assessed value lower at $47,443. He stated that the appellant's property was sold at an IRS sale. Member Smith asked if the appellant's property is buildable? Appraiser Pray said the parcel is an unusual shape but there is no documentation that indicates it is unbuildable. It might be used more Board of Equalization Minutes — March 11, 2015 Page: 3 as a recreational property. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. Coral Campbell P.O. Box 341 Igo, CA 96047 BOE: 14 -97 -LO PN: 990 900 005 Coral Campbell was not present. Appraiser Charley Hough represented the Assessor's Office and was sworn in by Vice -Chairman Krist. Under appeal is the value of a bare land parcel located in the North Bay area of Port Ludlow. The property was assessed as of January 1, 2014 and is currently valued at $112,125. The appellant estimates the value to be $90,000. On the petition form the appellant wrote the following reason for appealing the valuation of her parcel: "Lots without houses have never recovered from their significant drop in value since 2008. My lot has been for sale for years without any offers made ever at $80, 000. I would have taken anything as I pay interest only payments of $1,400 per month (13%). I believe it will be years before lots begin to sell again to retirees willing to build. The jobs are in Seattle where lots are selling. Lots without a house on it are no longer desirable to buyers at most listed prices as you can no longer get bank loans and prices with homes are inexpensive. " Appraiser Hough stated this is the first year that Jefferson County has performed statistical updates and agreed that bare land parcels in the North Bay area of Port Ludlow are incorrect. All land values in Port Ludlow were increased 15% with the statistical update. He provided the following documents for review: • Area map of the appellant's property; • Field sheet for appellant's property; • Raw Land Sales in North Bay as of January 1, 2013; and • Raw Land Listings in North Bay as of January 15, 2015. Appraiser Hough said on March 16, 2015, Assessor Chapman will meet with the Board of Equalization and discuss the possibility of equalizing bare land parcels in the North Bay area of Port Ludlow. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. Jana Allen BOE: 14-83-R PN: 988 801803 903 Jackson Street Port Townsend, WA 98368 Jana Allen was 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 903 Jackson Street, Port Townsend. Board of Equalization Minutes — March 11, 2015 Page: 4 The Assessor valued the property as of January 1, 2014 at $272,418 ($232,300 for the land and $40,118 for the improvements). The appellant asserts the true and fair market value of the property to be $232,885 ($202,000 for the land and $30,885 for the improvements). The appellant stated that she does not agree with the value place on her property by the Assessor's Office. She presented photographs showing the unfinished condition of the home. The roof consists of tar paper and has an unfinished skylight. She wonders why the value increased so much. Appraiser Pray responded that the assessed value of $294,760 listed on the petition by the appellant is the 2009 value. In 2013, the appellant's assessed value was decreased to $236,000. A statistical update was done in 2014 which increased the 2013 value by 15% for a total of $272,418. Discussion ensued regarding replacement of the roof and the current condition of the home. Appraiser Pray stated that values in Port Townsend were given a market adjustment increase of 15%. He has not seen the inside of the home, but feels if the appellant were to sell the home, it would most likely be torn down. The appellant's property is also receiving a 10% increase for view quality. After discussion of the condition of the home, Appraiser Pray recommended a 15% reduction to the improvements and no change to the land value. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. George & Lee -Alison Sibley BOE: 14-86-R PN: 953 700 322 9000 New Delhi Place Dulles, VA 20189-9000 George and Lee -Alison Sibley were not present. Appraiser John Pray represented the Assessor's Office and was sworn in by Vice -Chairman Krist. Under appeal is the value of property located at 8863 Flagler Road, Nordland. The Assessor valued the property as of January 1, 2014 at $545,440 ($305,398 for the land and $240,042 for the improvements). The appellants assert the true and fair market value of the property to be $420,000 ($235,163 for the land and $184,837 for the improvements). The appellants were unable to attend the hearing. On the petition form the appellants wrote the following reason for appealing the valuation of their parcel: "I purchased this property in January 2013 for $420, 000. At the time the mortgage company required a Uniform Residential Appraisal Report and assessed this as fair market value in the current market. Since then the market has shown little or no appreciation. I believe the earlier assessed value (of $590,798) reflected prices that existed during the housing bubble. The new assessment does not reflect how much home values dropped subsequently (shown by what I paid). " Board of Equalization Minutes — March 11, 2015 Page: 5 Appraiser Pray testified that the appellants' property is located on Marrowstone Island. The appellants were acquainted with the previous owners and the property was never listed for sale. It was not an arms -length transaction. An independent appraisal was provided by the appellants determining the total value to be $427,000. The improvement value determined by the independent appraiser was $205,000. Appraiser Pray feels this improvement value is correct because the independent appraiser had access to the home. He recommended the improvement value be reduced to $205,000 with no change to the land value. Hearing no further testimony, Vice -Chairman Krist closed the hearing. The Board will make a determination at a later date. NOTICE OF ADJOURNMENT Member Smith moved to adjourn the meeting at 12:18 p.m. Vice -Chairman Krist seconded the motion which carried by a unanimous vote. ATTE T: slie R. Locke, Clerk of the Board JEFFERSON COUNTY BOARD OF EQUALIZATION (Excused Absence) Dave GGaaring, Chairman ✓� , 2 Henry Krist, Vice -Chairman Michael Smith, Mem er