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HomeMy WebLinkAbout21-37-R Valerie Scott ORDER OF THE JEFFERSON COUNTY BOARD OF EQUALIZATION Property Owner: Valerie Scott Parcel Number(s): 990 900 008 Assessment Year: 2021 Case Number: BOE 21-37-R Date(s) of Hearing: 5/4/2022 Having considered the evidence presented by the parties in this appeal,the board hereby Sustains Xa Overrules the determination of the Assessor. Assessor's Determination BOE Determination: X Land $88,400 X Land $88,400 X Improvements $361,322 X Improvements $311,600 Timber/Minerals Timber/Minerals Personal Property Personal Property Total $449,722 Total $400,000 This decision is based on our finding that: (See Attached) 6v Vo Dated this ! day-Map 2022 MailTkc1 :�1iI4'W 1 30Da-~ `� il rl Daryl t ary e t c, Chairman a rman J c hannon, Executive Assistant 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 Appellant(s): Valerie Scott Living Trust Appeal No.: BOE 21-37-R Parcel No.: 990 900 008 Issue:Under appeal is a single-family residence located at 201 Montgomery Court, Port Ludlow, WA 98365. The appellant asserts the true and fair market value of the property to be $0 ($0 for the land and $0 for the improvements). The Assessor's valuation of the property as of January 1, 2021 is $449,722 ($88,400 for the land and $361,322 for the improvements). Appellant's Arguments and Evidence: The appellant asserts that the subject property is worthless because of slope instability. Also, structural issues related to water flowing over and under Oak Bay Road destabilizing slope. Assessor's Arguments and Evidence: The Assessor presented current sales data from two other lots within 700 feet of the subject property. Both were for smaller, older properties ($495,00 sale in 2021 and $580,000 sale in 2018). Both had substantial discounts in their appraised values due to slope instability. The Assessor also toured the property. He noted the costs to stabilize the driveway and the risks from an increased flow of water from the development on the uphill side of Oak Bay Road. The appellant's house is closest to Oak Bay Road. He also noted that without these concerns,this property would have a$1M valuation. During the hearing the Assessor stated that a further reduction in valuation of$50,000 to $100,000 for functional obsolescence would be reasonable. Decision: After thoughtful consideration the Board finds that the appellant did present the clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the value originally established by the Assessor. The Board of Equalization overrules the original assessment and finds that the value of the property is $400,000 ($88,400 for the land and $311,600 for the improvements). Jefferson County Board of Equalization Board Clerk's Record of Hearing Petition No: BOE 21-37-R Taxpayer's Name: Valerie Scott Mailing Address: 201 Montgomery Court City: Port Ludlow State: WA Zip Code: 98365 Taxpayer's Parcel No: 990 900 008 Hearing Was Held On: Wednesday, May 4, 2022 Board Members Present: Daryl Gillette, Margaret Taylor & Pete Raab Decision of Board: Value Sustained: Value Changed From: $449,722.00 To: $400,000.00 Other: Recorded on Tape No: BOE 050422 Hearing Began at (time): 11:01 a.m. Ended at (time): 11:58 a.m. 19- C"'" (---516"11L-.) 7- Chairperson Authorized Designee) Date /' ! f ( 9 ) 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)