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HomeMy WebLinkAbout21-20-C JiffyLube ORDER OF THE JEFFERSON COUNTY BOARD OF EQUALIZATION Property Owner: JiffLube/Jessica Arroyos (Ryan LLC)/Eugene E. Thompson MGMT LLC Parcel Number(s): 948 325 704 Assessment Year: 2021 Case Number: BOE 21-20-C Date(s) of Hearing: 3/16/2022 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: X Land $229,445 X Land $229,445 ©Improvements $624,518 X Improvements $624,518 n Timber/Minerals Timber/Minerals Personal Property Personal Property Total $923,963 Total $923,963 This decision is based on our finding that: (See Attached) rnrn Dated this 7 day April, 2022 Mailed: ' l I Ova"- ,. -tV-,d,LIL 1\1 /14 Daryl Gille , Chairman J Sh.nnon, E ecutive Secretary 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: * Assessor * Petitioner * BOE File FORM REV 64 0058(5/25/2017) ORDER OF THE JEFFERSON COUNTY BOARD OF EQUALIZATION Appellants: Jessica Arroyos (Ryan LLC) JiffyLube/Eugene E.Thompson MGMT LLC Appeal No: BOE: 21-20 -C Parcel No: 948 325 704 Issue:Under appeal is the value of the commercial property located at 2099 W. Sims Way, Port Townsend, WA. The Appellant values the property at$528,200 ($299,445 for the land and $228,731 for the improvement/buildings). The Appraiser's valuation of the property as of January 1, 2021 is $923,963 ($229,445 for the land and $624,518 for the improvements). Appellant's Argument and Evidence:The Appellant states that the property assessment does not take into consideration the value of the property when analyzed from a cost value approach. The Appellants offered a,Valuation Analysis: Cost Approach, prepared by Ryan, LLC to support their belief the subject property's value is not correct. Assessor's Argument and Evidence:The Assessor's Representative presented two comparable property sales, including the subject property sale in June of 2021. The Representative further stated that the comparables, as shown in his Comparable Sales Worksheet, were representative of the current market value. The Representative stressed that the property market value is the best indicated using the sales approach. Decision:The law requires that the Board of Equalization presume the Assessor's valuation to be correct unless the appellant presents clear, cogent and convincing evidence to the contrary. After consideration the Board finds the Appellant did not present 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 21.20.0 Taxpayer's Name: Jessica Arroyos (Ryan LLC); Jiffy Lube/Eugene E. Thompson MGMT LLC Mailing Address: 13155 Noel Road, Suite 100 City: Dallas State: TX Zip Code: 75240 Taxpayer's Parcel No: 948 325 704 Hearing Was Held On: Wednesday, March 16, 2022 Board Members Present: Daryl Gillette, Margaret Taylor & Pete Raab Decision of Board: Value Sustained: $923,963 Value Changed From: To: Other: Recorded on Tape No: BOE 031622 Hearing Began at (time): 11:30 a.m. Ended at (time): 11:45 a.m. DGA. -\-k- (4- ( 1 Chairperson r uthorize 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)