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Home My WebLink About22-23-R Tracy Clark & Adrian Smith ORDER OF THE JEFFERSON COUNTY BOARD OF EQUALIZATION Property Owner: Tracy Clark and Adrian Smith Parcel Number(s): 821 355 004 Assessment Year: 2022 Case Number: BOE 22-23-R Date(s) of Hearing: 3/23/2022 Having considered the evidence presented by the parties in this appeal,the board hereby Sustains Ei Overrules the determination of the Assessor. Assessor's Determination BOE Determination: X Land $317,500 X Land $317,500 X Improvements $1,040,597 X Improvements $728,418 Timber/Minerals Timber/Minerals Personal Property Personal Property Total $1,358,097 Total $1,045,918 This decision is based on our finding that: (See Attached) AmI L Dated this ZO day.Mzty, 2022 Maid: flW% &ActL. t)L Daryl Gille , Chairman ulie ..hannon, xecutive 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): Tracy Clark and Adrian Smith Appeal No.: BOE 22-23-R Parcel No.: 821 355 004 Issue: Under appeal is a single-family residence located at 11 Paradise View Lane, Port Ludlow, WA 98365. The Appellants asserts the true and fair market value of the property is $887,531 ($290,000 for the land and $597,531 for the improvements). The Assessor's valuation of the property as of January 1, 2022 is $1,358,097 ($317,500 for the land and$1,040,597 for the improvements). Appellants Arguments and Evidence: The Appellants assert that the assessment should be reduced due to: 1. Below average functional utility due to reverse two-story floor plan(bedrooms down, living room & kitchen up), 2. lot is divided by Paradise Road and a neighbor's access gravel road, 3. No beach access, 4. Trees partially block views, 5. Geologically hazardous area, and 6. Possible limited desirability of interior improvements. Appellants submitted a Uniform Residential Appraisal Report dated 1/2022 showing a cost replacement value of$887,531, and a fair market value of$870,000. The appraiser inspected the property on 1/28/2022 and her pictures were submitted with the report. Assessor's Arguments and Evidence: The Assessor presented current sales data from four other properties from 500 feet to 4 miles away with sales prices of $1,700,000 (date of sale 2/25/2022) - $1,150,000 (date of sale 11/30/2020). All were homes in geologically sensitive areas. The Assessor noted that the Appellants comparables were generally farther away with smaller living areas and older homes. Decision: After thoughtful consideration the Board finds that the Appellants did present the clear, cogent, and convincing evidence necessary to overcome the presumptive correctness of the value originally established by the Assessor. The pictures provided in the Appellants appraisal report clearly indicate that the interior of the residence was only partially completed. The Appellants' appraiser noted that her valuation was based upon a 4-bed, 1.5-bathroom house noting that 3 of the planned bathrooms had not been completed. Based upon the appraiser's report and provided pictures,the Board has applied a reduced assessed value of the buildings by 30%. The Board of Equalization finds that the value of the property is $1,045,918 ($317,500 for the land and $728,418 for the improvements). Jefferson County Board of Equalization Board Clerk's Record of Hearing Petition No: BOE 22-23-R er Taxp Y a 's Name: TracyClark & Adrian Smith Mailing Address: 11 Paradise View Lane City: Port Ludlow State: WA Zip Code: 98365 Taxpayer's Parcel No: 821 355 004 Hearing Was Held On: Tuesday, March 23, 2023 Board Members Present: Daryl Gillette, Margaret Taylor & Pete Raab Decision of Board: Value Sustained: $1,045,918 Value Changed From: $1,358,097 To: $1,045,918 Other: Recorded on Tape No: BOE 032323 Hearings Hearing Began at (time): 11:17 a.m. Ended at (time): 11:43 a.m. D o T ChairpersM(or AuthorizedDesignee) 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)