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HomeMy WebLinkAbout08 August 05 JEFFERSON COUNTY BOARD OF EQUALIZATION A.C. Dalgleish David G. Douglas Archie Barber, Jr. Cha i rman Vice-Chairman Member Alternate MINUTES 5 AUGUST 1987 Chairman Dalgleish called the meeting to order at 9:15 AM, All Board members and Clerk Lea were present. BOE-87-052-R - Parcel No. 996-400-307- Petitioner Barnhouse was present at the hearing. Bob Shold represented the Assessors office. The petitioner purchased the subject parcel consisting of 5 lots with a duplex apartment improvement there on for $130,000 in June 1987, and stipulated that this purchase should demonstrate the valuation of the parcel. The Assessor pointed out that a previous appeal (BOE-85-074-R) was reviewed by the State Revenue Board and ruled that the valuation should be reduced from $152,520 to $121,000. The market price at that time was $130,000. The petitioner had used the parcels covered by BOE-87-053-R and BOE-87-054-R as further justification for a reduction in valuation. The Assessor recommended that the Board inspection . might justify an adjustment in the improvement valuation. BOE-87-053-R -Parcel No. 996-400-504/506 - Petitioner Barnhouse was present at the hearing and Bob Shold represented the Assessors office. The petitioner purchased these two parcels consisting of 5 lots with a ~plex apartment, on each 2~ lot a~~ for $62,000 per parcel on 06-26-87. Compara151e dat.... in the petition indicated a revenue of $650.00 per month f,rom lach unit, The Assessors office pointed out that the only comparables available Were for sale of new duplex units in Chimacum Estates at $60 to 10,000. Sale of the subject parcel was not completed in time for consideration in revaluation cycle. BOE-87-054-R - Parcel No. 961-802-001/002 - Petitioner Barnhouse was present at the hearing, and Bob Shol d represented th.e Assessors offi ceo The petiti oner (1) purchased these two parcels in June 1987 for $124,000 (2) used purchase of tWI1l previous petitioned parcels as justification for reduction of valuation from $133,310 to $124,000. The Assessors office reported that a recent review of income property in the Hadlock area by the State Department of Revenue indicates that there has been a decl ine in rento.t ir,comes in the area and suggested that the Board may want to assess the income information at the time of their inspection of this and the previous two petitions. BOE-87-050-LO - Parcel No. 002-332-022- Petitionerdatliff was present at the hearing, and Bob Shold represented the Assessors office. The petitioner stupulated that he deliberately purchased this unimproved land with no power or water in August t983 for $12,500. Subsequently a sawmill and gravel pit ~n thre~ sides of his land have been activated, and he has subsequently discovered that a neighbor bought a parcel in February 1987 for $1,000, He has built a 12'x20' shack since purchasing the land with no power or water service. The Assessors office reported that much of the land in this area has been purchased for delinquent taxes or delinquient payments to a local water districtJso purchase prices do not reflect values of land. It was also pointed out that the area will be reassessed in the next year cycle. BOE-87-051-R - Parcel No. 002-341-036 - The petitioner was not present at the hearing. Bob Shold represented the Assessors office. The petition stipulated that (1) the parcel was purchased in October 1986 for $65,000, (2) an, appraisal made at the time of the purchase set the value at $66,000 and (3) that the house was said to be 30 years old. The Assessor reported (1) that the records show the house to have been built in 1970 (17 years old) (2) that current land values in the area support the $12,000 land valuation, and (3) that there may be justification for a adjustment in depreciation at the inspection. BOE-87-048-C Parcel No. 989-704-203- John Halberg (real Estate Apprais~r) and Layton Lund represented Seattle First National Bank in these petition hearings. Bob Shold represented the Assessors office. This parcel consists of Lots Z and 4 and portions of Lots 6 and 8 cornering on Water and Adams streets which have been improved as paved parking for use of bank patrons and employees. This parcel was purchased in 1976 along with two other banks in Jefferson County; therefore, it would be dufficult to attain a true value of each of the three facilities. The Assessor called to the Board~attention that there was a State Department of Revenue appraisal made in January 1985 and land improvements valuation were based on Marshall Swift criteria. BOE-87-049-C - Parcel No. 989-704-206- JohnHalberg (realestate appraiser) and Layton Lund represented Seattle First National Bank in this petition hearing. Bob Shold represented the Assessors office. This parcel consited of lots 5 and 7 of Block 42 on WaShington Street and the building improvements consist of a bank building of 6,127 sq. ft. on the main floor and 5,078 sq. ft. on the upper floor. The petitioner contends (1) that the building was constructed as the main office of a bank, (2) that staffing of this as a branc~ bank has reduced from 40 at time of purchase to 14, and (3) that much of the upper floor is not productive for the current business use, they requested that the valuation of the two parcels be reduced from $1.156 M to $800,000. The Assessor again referred the Board to the Jan. 85 state appraisal and also to the fact that land val ue of this parcel is based on the same front footage rate as is used on other parcels on Washington Street. BOE-87-055-R - Parcel No. 961-806-407- Petitioner North was present at the hearing and Bob Kingsley represented the Assessors office. This parcel consists 'of lots 23 and 24 in Block 64 (Irondale) and has no water, power or improved road access. The Assessors office presented comparables of three other two-lot parcels sold in 1983, '84, '85 with average sales price of $2,066 per parcel. The Board agreed to inspect these comparables prior to making a decision on this petition. Prior to conclusion of the meeting, the Baord returned to a discussion of petition number BOE-87-047-LO Parcel No. 001-171-012 -. The Assessor reported that a review of Land values in the Arcadia area showed that land values range from $3,750 to $4,250 per acre. The Board moved to sustain the valuation of this parcel at $23,000. There being no further business befor the Board, the meeting was adjourned until 9:00 AM on Friday the 7th of August. APPROVED BY: PREPARED BY e~ DATE APPROV~D: ~~~~ ~~)~ A.. LGL H,( AIRMAN Cj)' D VID G. CHAIRMAN {'\.. ' . ,r' AR~I~d':"-BA~ER ,[l}R~~E~1BER} .