HomeMy WebLinkAbout09 September 25
JEFFERSON COUNTY BOARD OF EQUALIZATION
A.C. Dalgleish
David G. Douglas
Archie Barber, Jr.
Cha1 rman
Vice-Chairman
Member
Al ternate
MINUTES
25 September 1987
BOE-87-046-R : (Parcel No. 948-318-901) The Board inspected this parcel at 10:50 AM
on 09-23-87 and found the land to be somewhat neglected but improved. The building
appears to be of average construction but has suffered depreciation from neglect.
The Board decided to sustain tne current land valuation at $25,000 and to allow a 12%
depreciation on the building from $86,510 to $74,300 for a total valuation of $99,300,
BOE-87-048-C: (Parcel No. 989-704-203) The Board inspected this parcel at 1:00 PM
on 09-23-87 in the company of John Halberg representing the petitioner. This 220 ft x
600 ft. fronting on Washington street has been graded and paved for customer parking
purposes. Finding that the valuation of improvements to the lot at $24,000 was determined
from Marshall-Swift formulas and that the valuation of the land was vased on the front
footage on Washington Street, tne Board decided that it would disrupt downtown land
valuations to make any changed -- the Board sustained tne current valuation of the
parcel at $156,000,
BOE-87-049-C: (Parcel No. 989-704-206) The Board inspected this parcel at 1:00 PM
on 09-23-87 in the company of John Halberg representing the petitioner. The Board
decided to sustain the land valuation of $132,000 because it is consistant with valuation
along Water Street. InspectiIDn of the building made it clear that the Bank is finding
little current use of much of the upper floor for regular banking purposes in a branch
operation; therfore, it was determined that the 1984 valuation of the building i
improvements at $726,785 (using Marshall-Swift construction valuations) should be
reduced by 5% for depreciation to $690,400. The total valuation of the parcel should
be reduced to $822,400.
BOE-87-052-R (Parcel No. 996-400-307) The Board inspected this parcel at 11:17 AM
on 09-02-87. The parcel is located on 5 lots divided in half to house duplex buildings.
The land value of $4,000 per lot plus $1,000 for land improvements is consistent with
land valuation in the,iirea; therefore, the Board decided td:sustaio the land valuation
at< $2i1,1l00. Tne Board decided that tne current condition of the buildings would
warrant a 10% depreciation from $125,260 to $U2,250. The total valuation of the
parcel should be adjusted to $133,260.
BOE-87-053-R : (parecl No. 996-400-504 and 506) The Board inspected these two parcels
(adjacent to each other) at 11:37 AM on 09-02-87. Each parcel has 2~ lots valued at
$4,000 per lot plus $1,000 for land improvements. This valuation is consistent with
lot valued in the area. Each duplex unit is valued at $60,310 which is producing a
monthly income of $325. The Board decided to sustain the valuation of each of these
parcel at $71,310.
BOE-87-054-R: (Parcel No. 961-802-001 and 002) The Board inspected these parcels
(adjacent to each other) at 11:51 AM on 09-02-87. These parcels house two duplex units,
each unit on a 4-1ot parcel valued at $1,250 per lot plus $1,000 for land improvements.
The parcels are located on a main hl"ghway in Irongale, The duplex units are currently
valued at $60,655 each. The Board decided to sustain the current valuation of each
parcel at $66,655.
There being no further business before the Board for this day, the meeting was
adjourned until 9:00 AM on Monday, the 28th of September.
APPROVED BY:
DATE APPROVED:
PREPARED BY:
CHAIRMAN
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