HomeMy WebLinkAbout18-59-C Victoria Aid Property LLC., Edwin Archbold c/o Altus Group US Inc.Jefferson County Board of Equalization
Board Clerk's Record of Hearing
Petition No: BOE 18-59-C
Taxpayer's Name: Victoria Aid Prop Co. LLC; Edwin Archbold c/o Altus Group US Inc.
Mailing Address: PO Box 92129
City: Southlake State: TX Zip Code: 76092
Taxpayer's Parcel No: 001 034 004
Hearing Was Held On: June 26, 2019
Board Members Present: Dave Garing, Henry Krist, Daryl Gillette
Decision of Board:
Value Sustained:
Value Changed From
Other:
$4,483,240.
Recorded on Tape No: BOE 062619
Hearing Began at (time): 10:05 a.m.
11flAwt
Chairperson (or Autho
To: $3,156,035.
Ended at (time): 10: 26 a.m.
Date
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REV 60 0002e (w) (2/9/12)
Property Owner:
Parcel Number(s):
ORDER OF THE JEFFERSON COUNTY
BOARD OF EQUALIZATION
Victoria Aid Property Company LLC, Edwin Archbold c/o Altus Group US Inc.
001 034 004
Assessment Year: 2018 Case Number
Date(s) of Hearing 6/12/19 & 6/26/2019
BOE 18-59-C
Having considered the evidence presented by the parties in this appeal, the board hereby 1-1 Sustains X❑ Overrules
the determination of the Assessor,
Assessor's Determination
0 Land
OImprovements
7 Timber/Minerals
F]Personal Property
Total
BOE Determination:
$501,629 OLand
$3,981,611 ❑X Improvements
Timber/Minerals
F]Personal Property
$4,483,240
Total
This decision is based on our finding that: (See Attached)
aqc
Dated this 2 k day of August, 2019. Ma' ed: �r�f
\I f,1 r . I
Dave Ga(7)1
tng, Chair�an ie Shannon, Executive Assistant
$501,629
$2,654,407
$3,156,036
NOTICE
This order can be appealed to the State Board of Tax Appeals by filing a notice of appeal with them at P.O. Box 40915,
Olympia, WA 98504-0915, or at their website at bta.state.wa.us/appeal/forms.htm within thirty days of the date of
mailing of this order. The appeal forms are available from either your County Assessor or the State Board of Tax Appeals.
To ask about the availability of this publication in an alternate format for the visually impaired
call 1-800-647-7706. Teletype (TTY) users use the Washington Relay Service by calling 711.
Distribution:
FORM REV 64 0058 (5/25/2017)
* Assessor * Petitioner
* BOE File
ORDER OF THE JEFFERSON COUNTY
BOARD OF EQUALIZATION
Victoria Aid Property Company LLC
Appeal No.: BOE 18-59-C
Parcel No.: 001 034 004
Issue: Under appeal is a 47 bed assisted living center located at 491 Discovery Road in Port Townsend.
The appellant estimates the value to be $2,750,000 ($501,629 for the land and $2,248,371 for the
improvements). The Assessor's valuation of the property as of January 1, 2018 is $4,483,240 ($501,629
for the land and $3,981,611 for the improvements).
Appellant c& Assessor's Arguments and Evidence: The original hearing was not concluded due to the
Assessor not receiving supplemental information to be provided by the appellant. It was disclosed during
the abbreviated hearing that the LLC owning the property bought it as part of a package of properties,
and the corporation allocated a percentage of the price of the whole package to the property under appeal.
Subsequent to the hearing, the appellant provided the supplemental information to the Assessor, and he
recommended to reduce the assessed valuation to $3,156,036 which was acceptable to the appellant.
Decision: As a result of the recommendation discussed above, the Board of Equalization overrules the
original assessment and determined the fair market value to be $3,156,036 ($501,629 for the land and
$2,654,407 for the improvements).