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HomeMy WebLinkAbout19-46-R Karl & Sandra JacobsenProperty Owner: Parcel Number(s): ORDER OF THE JEFFERSON COUNTY BOARD OF EQUALIZATION Karl and Sandra Jacobsen 001 321 012 Assessment Year: 2019 Date(s) of Hearing: 2/25/2020 Case Number: BOE 19-46-R Having considered the evidence presented by the parties in this appeal, the board hereby X❑ Sustains Overrules the determination of the Assessor. Assessor's Determination BOE Determination: rVILand $237,904 FX Land $237,904 �X Improvements $165,256 DX Improvements $165,256 F—]Timber/Minerals F--]Timber/Minerals F]Personal Property FlPersonal Property Total $403,160 Total $403,160 This decision is based on our finding that: Apr, I this 7" day k, 2020 (See Attached) Maile • q J ie Shannon, Executive Assistant NOTICE order can be appealed to the State Board of Tax Appeals by filing a notice of appeal with them at P.O. Box 40915, ipia, WA 98504-0915, or at their website at bta.state.wa.us/appeal/forms.htm within thirty days of the date of iling 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: * Assessor * Petitioner * BOE File FORM REV 64 0058 (5/25/2017) ORDER OF THE JEFFERSON COUNTY BOARD OF EQUALIZATION Appellant(s): Karl & Sandra Jacobsen Appeal No.: BOE 19-46-R Parcel No.: 921 182 023 Issue Under appeal is a single family waterfront residence located at 383 Old Oak Bay Road in Port Hadlock. The home 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 subject was purchased in June, 2005, however no purchase price was provided. The appellants assert the true and fair market value of the property to be $326,431 ($191,622 for the land and $134,809 for the improvements). The Assessor's valuation of the property as of January 1, 2019 is $403,160 ($237,904 for the land and $165,256 for all improvements). Appellants' Arguments and Evidence The appellants assert the Assessor's valuation is too high due to the impact of restrictions for future development on the property but presented no supporting documentation. The appellant also state that the assessed value is significantly "higher than like properties in the area". The appellants believe that the Assessor has either undervalued similar neighborhood properties or has overvalued the subject. The appellant did not offer any comparable property sales. Assessor's Arguments and Evidence The Assessor's representative presented three sales he identified as comparable to the subject, a tax parcel map showing the location of the comparable sales, a copy of the appraisal worksheet for the subject with photographs, and the appraisal worksheets for the comparable property sales. The comparable sales were all waterfront and located on both sides of the subject. Two were in Port Hadlock and one in Port Ludlow. They sold between May 2019 and October 2019 and ranged in price from $340,000 to $445,000. All three comparable property sales sold for more than assessed value. Decision After thoughtful consideration the Board finds that the appellants did not present the clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the value established by the Assessor. The Board of Equalization sustains the value established by the Assessor. Jefferson County Board of Equalization Board Clerk's Record of Hearing Petition No: BOE 19-46-R Taxpayer's Name: Karl & Sandra Jacobsen Mailing Address: 4372 Discovery Road City: Port Townsend State: WA. Zip Code: 98368 Taxpayer's Parcel No: Hearing Was Held On: Board Members Present Decision of Board: 921 182 023 Tuesday, February 25, 2020 Dave Garing and Daryl Gillette Value Sustained: $403,160.00 Value Changed From: Other: To: Recorded on Tape No: BOE 022520 Hearing Began at (time): 10:50 a.m. Ended at (time): 11:00 a.m. Chairperson (or Authorized Designee) Date To ask about the availability of this publication in an alternate format for the visually impaired, please call (360) 705-6715. Teletype (TTY) users, please call (360) 705-6718. For tax assistance, call (360) 534-1400. REV 60 0002e (w) (2/9/12)