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Home My WebLink About10 Ocotber 23 '. ; JEFFERSON COUNTY BOARD OF EQUALIZATION A.C. Dalgleish David G. Douglas Archie L. Barber, Jr. 0,1-''' James A. Deleo Chairman Vice-Chairman Member Al ternate -------------------------------------------------------------------------------- MINUTES ---------------------------------------------------------------~---------------- 23 October 1985 Meeting was called to order at 9:10 A.M. all Board members and Clerk were present. Discussion of Pleasant Harbor (BE-85-16,17, & 18) taking place first on the agenda. PLEASANT HARBOR MARINA Petitions BE-85-16,17 & 18) - The original properties included within the ownership, of this marina consisted of most all of the tide lands. water front and up-lanas on the north shore of Plesant Harbor in the northern ~ of Section 15, and the SE ~ of Section 10, TW 25, R2W of Jefferson County. A majority of the problems associated with the administration of the above appeals of Mark Litchman in behalf of the WIN Group IX etal have rested in finding an appropriate set of values for each of four parcels of up=lands and the associated tide lands fronting these parcels. With the assistance of the Assessor in two study sessions, the Board has come to the following conclusions: 1. The appraisals of the State Department of Revenue and the valuations of the Jefferson County Assessor's office pertaining to the building's and utility 'improvements (exclusive of the Marina docks and support services) appear to be sound. 2. The valuation of the actual marina docks and support systems have to be amended as to distrubution to the three parcels of the appeal and to a basic value of $2,600 per slip. 3. The assignment of areas and valuation of water front footage and tide lands have to be amended to reflect current ownerships of the WIN Group IX, a. It has been determined that the 3.18 aCres of up-land and approximately 300 feet of water front within Tax Lot 23 (parcel 502-152-006) should not be included in the ownership of the Petitioner in this review; therfore, the land valuations for Parcel 502-152-001 have to be amended to include only 2000 front feet of water front and tide lands. b. The uplands of Government Lot 3 (11.70 acres) above State Highway 101 has been set aside by the Health Department to support the terraced drain fields for the septic system of the major marina facilities of Parcel 502-152-001. c. All water front within this bay is uniformly valued at $500 per front foot. The Board of Equalization and Assessor's staff have come to an understanding of the following adjustments. BE-85-16-C (Parcel 502-152-001) The land in Government Lot 3 exclusiVely consisting of three sub-parcels of 11.70 acres, 7.80 acres and 2.15 acres of relatively steep uplands shall be adjusted from the current valuation of $990,790 to the following a. 2000 F.F useable water front @ $500/ff = $1,000,000 Less 20% for excess footage = 200,000 b. 2000 F.F. of tide land (T.L.) @ $10/ff = 20,000 c. Site improvements = 3,500 ADJUSTED VALUATION = $ 823,500 cont........... . L . - . The valuation of all improvements in this parcel shall be adjusted from the current total valuation of $810,000 to the following: a. The marina docks and slips Dock A with 56 slips @ $2,600 x 1.13 = $164,528 Less 5% Depreciation-$8226 = @ $2,600 x 1.13 = $314,366 Less 30% Depreciation-$94,310 = TOTAL MARINAS = $156,302 Dock B with 107 slips 220,D56 $378,358 b. The main support building with up stairs apartment. 2496 Sq. Ft. x $27.35 P.S.F. = $68,265 Plus added features is (deck, porches, Fences, etc.) = $ 8,605 TOTAL BASE COST = x 1982 cost index of 1.18 x base cost = Less 10% depreciation $76,870 $90,707 = $81,635 c. Additional support facilities: Renta 1 offi ce & La vitori es Laundry & Restrooms Swim Pool Fuel supply systems = $ 8,875 $15,390 $ 9,500 $15,015 = $48,780 = = = TOTAL IMPROVEMENTS = $506,773 TOTAL LAND & IMPROVEMENTS = $1,330,233 BE-85-17-C (Parcel 502-104-020) This parcel is Tax Lot 10 located in the SW\ of the SE\ of Section 10, TWP25 Range 2W of Jefferson County consisting of 110 front feet of useable land and tide lands. Note: the marina docks and support buildings are not within this parcel. The valuation of this parcel shall be reduced from $312,000 as follows: a. land'valuation: 110'F.F. @ $500 = 110'F.F. of tide lands @ $10 $ 55,000 = 1,100 $ 59,100 $56,100 b. Improvements are not on this parcel and should be transferred to Parcel 502-104-019. c. Total parcel valuation = $ 56, 100 BE-85-18-C (Parcel 502-104-019) This parcel is Tax Lot 9 located in the SW~ of the SE\ of Section 10, TWP 25, Range 2W of Jefferson County consisting of 110 front feet of water front and useable up-land and tide lands with marina docks, two support buildings and a septic system. The total valuation shall be increases in valuation of $56,100 as follows: a. Land Valuation: 110' F.F. @ $500 110' F.F. of Tide Land @ $10 Improvements total land $ 55,000 1,100 1,000 $ 57,100 $57,100 2., .,... ~ b. Building improvements on parcel: Restroom 464 sq. ft. @ $20.75 = Garage 400 sq ft @ $7.50 = TOTAL BASE COST = $ 9,630 $ 3,000 $12,630 $14,903 1982 Cost index 1.18% x Base cost adj. = Less 10% depreciation adjusted = $ 13 ,413 c. Marina Facilities: 83 slips @ $2,600 x 1.13 Less 60% Depreciation $243,854 - 146,312 TOTAL MARINAL TOTAL VALUATION OF PARCEL $ 97,542 $168,055 = = In summary, the ~leasant Harber Marina valuation adjustments are as fo 11 ows : PRIOR REVISED DIFFERENCE BE-85-16-C (502-152-001 ) LAND $990,790 $ 823,500 - $167,290 IMPROVEMENTS $810,000 $ 506,773 - $303,227 $1,330,273 BE-85-17-C (502-104-020) LAND $ 57,000 $ 56,100 - $ 900 IMPROVEMENTS $255,000 00 - 255,000 $312,000 $ 56,100 BE-85-18-C (502-104-019) LAND $ 56,100 $ 57,100 + 1,000 IMPROVEMENTS -Q- 110,955 + 110,955 SUMMARY TOTALS = $2,168,890 $1,554,428 614,462 PARCEL 502-104-025: The fourth parcel in the WIN roup IX holdings has not been appealed. The Board reviewed the valuation of thi parcel and found it to be in equity wi,th adjacent parcel s above M,ghl1ay 101, 3, ~ ~ JEFFERSON COUNTY BOARD OF EQUALIZATION A.C. Dalgleish David G. Douglas Archie L. Barber, Jr. James A. Deleo Chairman Vice-Chairman Member Al ternate -------------------------------------------------------------------------------- ~'INUTES -------------------------------------------------------------------------------- 23 October 1985 Continued from Pleasant Harbor BE-85-122 thru 148 Chimacum Creek Estates #1. Lots 1 thru 9 and 12 thru 27. Order of County Board of Equalization prepared by the Assessor's staff were submitted for reveiw and approved by the Board. See minutes of 16 October 1985, for further clarification of this action. BELLEVUE ADDITION --HOOD CANAL: The Board made an on-site inspection of the Bellevue Addition on 9-16-85 and found it to be steep, semi-mature woods with occasional rock out-crops. The platted additi,on has twenty~nine blocks with 504 lots. Some sixty lots have been sol d under Tax Deeds since 1983 with sales values varying from $180 to $333 per lot. Arm length sales of four lots in 1982 were $2000 to $3325 per lot. Each lot represents 1(10 acre. Comparable lands on Hood Canal are valued at $4,250 per acre, without improvements and access roads. The Board moved to revaluate all of the lots in Blocks 1-20 at $425 per lot. The results of this action are petitions reviewed as follows; BE-85-103-LO (Parcel 932-101-509) Reduce land val uation from $8,925 to $2550 for lots 16 to 20, Block 15. BE-85-104-LO (Parcel 932-101-507) Reduce land val uation from $3,500 to $850 for Lots 12 & 13, Block 15. BE-85-105-LO (Parcel 932-101-505 ) Reduce land valuation from $4,000 to $850 for lots 8 &9, of Block 15. BE-85,,106-LO (Parcel 932-101-503) Reduce land val uation from $4,000 to $850 for Lots 4 &5, Block 15. BE-85-107-LO (Parcel 932-101-501) Reduce land val uation from $2,000 to $425 for Lot 1 of Block 15. BE-85-108-LO (Parcel 932-101-508) Reduce land val uation from $3,500 to $850 for lots 14 & 15, Block 15. BE-85-109-LO (Parcel 932-101-506) Reduce land valuation from $3,500 to $850 for lots 10 & 11, Block 15. The Board requests that Assessors staff support revaluation of the balance of lots in Blocks 1-20 at $425 per lot. Having no further 9:00 A.M. APPROVED BY: business, meeting was adjourned until, Friday, 25 October at DATE APPROVED ({);/ ~t. /9?S- (t-{LMf~AN Q D VID G. DOU AS, VICE HAIRMAN Q.{~~ ~ .0~.Rf ~; ARCHIE L.-BARBER, JR. ME BER Prepa red by: ~,g,~~ 4.