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Home My WebLink AboutM051518C EQU19L 1� 4S0 k4 6 t4 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 Dave Gari MINUTES Henry Mat Michael Smith May 15, 2018 Dave Garing Chairman Henry Krist Vice -Chairman Michael Smith Member Chairman Dave Garing called the meeting to order at 10:12 a.m. in the presence of Vice - Chairman Henry Krist and Member Michael Smith. 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 10:14 a.m. At the conclusion of the deliberations the Board resumed the regular meeting at 10:40 a.m. and the following actions were taken. Karl & Sandra Jacobson BOE 17-22-R PN: 001321012 4372 South Discovery Road Port Townsend, WA. 98368 Under appeal is a single family residence located at 4372 South Discovery Road in Port Townsend. The appellants assert the true and fair market value of the property to be $700,000 ($252,000 for the land and $448,000 for the improvements). The Assessor's valuation of the property as of January 1, 2017 is $830,959 ($298,195 for the land and $532,764 for the improvements). The appellants stated on their petition that after researching recent sales and listings they believe the property has been overvalued by the Assessor for the past several years. Karl Jacobsen attended the hearing and testified that he felt that the properties listed as comparable sales in the materials the Assessor submitted for this appeal are in general not very comparable to their property. He verbally described sales of several properties that he thought were more comparable, but did not submit any written information to the Board regarding these properties. The Assessor's representative presented a cover sheet outlining comparable property similarities and differences, a tax parcel map of the immediate area identifying the geographic proximity of these comparable properties, a copy of the appraisal field worksheet for the subject property, and the field sheets for the three comparable sales he presented at the hearing. Phone (360)385-9100 Fax (360)385-9382 jeffbocc*a co.jefferson.wa.us Board of Equalization Minutes — May 15, 2018 Page: 2 After consideration the Board finds that the appellants did not present clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the value established by the Assessor. Vice -Chairman Krist moved to sustain the Assessor's valuation of the true and fair market value of the property to be $830,959 ($298,195 for the land and $532,764 for the improvements). Member Smith seconded the motion which carried by a unanimous vote. (See also minutes of May 9, 2018) Karl & Sandra Jacobson BOE 17 -23 -LO PN: 001324 058 4372 South Discovery Road Port Townsend, WA. 98368 Under appeal is 28' of tidelands located on S. Discovery Road in Port Townsend. The appellants assert the true and fair market value of the property to be $616. The Assessor's valuation of the property as of January 1, 2017 is $644. Karl Jacobsen appeared at the hearing and offered verbal testimony. He believes that the State and County restrictions on the use of this property have diminished its value to "little or no value". He also argues that this 28' parcel should receive the same assessed valuation as his adjoining 85' tideland parcel (001 324 061) which is currently estimated by the Assessor to have a value of $1,955. His petition indicated he would provide the Board of Equalization with additional documentation, but supplemental evidence was not received by the Clerk of the Board. The Assessor's representative testified that the appellants' property was valued in the same manner and at the same rate as other all other tidelands in the area. He explained that $20 per foot has been used as a standard value for many years. He also presented a 40' tideland sale that occurred in April of 2013 for $6,871. After consideration the Board finds that the appellants did not present clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the value established by the Assessor. Vice -Chairman Krist moved to sustain the Assessor's valuation of the true and fair market value of the property to be $644. Member Smith seconded the motion which carried by a unanimous vote. (See also minutes of May 9, 2018) Karl & Sandra Jacobson BOE 17 -24 -LO PN: 001 324 061 4372 South Discovery Road Port Townsend, WA. 98368 Under appeal is an unimproved tideland parcel located on S. Discovery Road in Port Townsend. The appellants assert the true and fair market value of the property to be $616. The Assessor's valuation of the property as of January 1, 2017 is $1,955. Board of Equalization Minutes — May 15, 2018 Page: 3 Karl Jacobsen appeared at the hearing and offered verbal testimony. He believes that State and County restrictions on the use of this property have diminished its value to "little or no value". He also argues that this 85' parcel should receive the same assessed valuation as his adjoining 28' tideland parcel (001 324 058) which is currently estimated by the Assessor to have a value of $644. His petition indicated he would provide the Board of Equalization with additional documentation, but supplemental evidence was not received by the Clerk of the Board. The Assessor's representative testified that the appellants' property was valued in the same manner and at the same rate as other all other tidelands in the area. He explained that $20 per foot has been used as a standard value for many years. He also presented a 40' tideland sale that occurred in April of 2013 for $6,871. After reviewing all the information submitted, the Board concurred that the appellants did not present clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the Assessor. Vice -Chairman Krist moved to sustain the Assessor's valuation of the true and fair market value of the property to be $1,955. Member Smith seconded the motion which carried by a unanimous vote. (See also minutes of May 9, 2018) Karl & Sandra Jacobson BOE 17-25-R PN: 921 182 023 383 Old Oak Bay Road Port Hadlock, WA. 98339 Under appeal is a single family residence located at 383 Oak Bay Road in Port Hadlock. The appellants assert the true and fair market value of the property to be $326,431 ($222,100 for the land and $104,331 for the improvements). The Assessor's valuation of the property as of January 1, 2017 is $377,333 ($227,100 for the land and $150,233 for the improvements). It was noted the Assessor's representative inadvertently described the subject's location on his comparable cover sheet as being near Adelma Beach. The appellant presented appeals for homes at both locations but the subject of this particular appeal is located at 383 Oak Bay Road. The Assessor's representative acknowledged this error and assured the appellant and the Board that he had assessed the appellants' property as an improved waterfront property in the Oak Bay area. Karl Jacobsen attended the hearing and testified that their house was built in 1982 on 1.59 acres with 101 feet of waterfront. It consists of 3 bedrooms, 2 baths totaling 1,724 square feet of living area with a 528 square foot attached garage. The Assessor's representative rates the quality of the house as average. The house was purchased in June, 2005, however, no purchase price was given. The appellant stated that he believes the Assessor's valuation is too high due to the restrictions on the property for future development but presented no documentation. The Assessor's representative presented a cover sheet outlining comparable property similarities and differences, a tax parcel map of the immediate area identifying the geographic proximity of these comparable properties, a copy of the appraisal field worksheet for the subject property, and Board of Equalization Minutes — May 15, 2018 Page: 4 the field sheets for the three comparable property sales he presented at the hearing. All three sales of comparable properties were located on Oak Bay Road. Two of the comparable property sales were in Port Ludlow and one in Port Hadlock, all were improved waterfront properties. They sold ranging in price from $362,000 to $545,000 and occurred between January 2016 and June 2017. During the hearing, it was discovered that the property did not receive an adjustment for the excess footage of one foot of waterfront. As a result, it was determined that the land valuation should be reduced by $525 as per standard assessment practices applied by the Assessor for waterfront footage exceeding 100'. After consideration of all the evidence and testimony, Member Smith moved to overrule the Assessor's original determination of value and reduce the true and fair market value to $376,808 ($226,575 for the land and $150,233 for the improvements) Vice Chairman Krist seconded the motion which carried unanimously. (See also minutes of May 9, 2018) NOTICE OF ADJOURNMENT Member Smith moved to adjourn the meeting at 10:45 a.m. Vice -Chairman Krist seconded the motion which carried by a unanimous vote. ATT _T:(- Julie :C-Julie Shannon, lerk of the Board JEFFERSON COUNTY BOARD OFF EQUALIZATION Dave G ng, 6ai,6� Henry Krist, Vice -Chaff an A Michael Smith, Me er