HomeMy WebLinkAbout08 August 08
JEFFERSON COUNTY BOARD OF EQUALIZATION
A.C. Dalgleish
David G: Douglas
Archie L. Barber, Jr.
James A. Deleo
Chairman
Vice.Chairman
Member
. Al ternate
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MINUTES
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8 August 11186
The Board of Equalization convened at 9:15 A.M. with full Board and Board Secretary present,
Chairman Dalgleish had to continue participation in County Budget matters, so the
Board continued on scheduled hearings until his return.
BOE-86-030-LO{Parcel NO.
BOE-86-031-LO{Parcel NO.
BOE-86-032-LO{Parcel NO.
502-021-022
602-352-014
602-353-038
72.98 A.
44.23 A.
40,98 A.
Oyster bed area
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The Petitioner (Virginia Holway) was not present at the hearings, The Board deter-
mined that the subject parcels are adjacent to each other; that the increase in valuation
of the combined 59 acres of oyster bed tidal lands increased from $32,000 in 1982
to $79,095 in 1986 is far too great; that her firm holds a lease agreement which
produces an annual revenue of $3,175;and requested a reductianin valuation to $250
per acre. The Assessor reported that these tax lots had previously been valued on
the basis of $10 per front footage in the past; that these parcels are now valued at
$500 per acre: and that other oyster bed a re...s on the canal were so valued this
year also. The Board agreed that other petitions on oyster breeding and growing areas
should be heard and inspections should be made prior to making any decision on the
petitions.
BOE-86-033-R{Petition NO. 999-800-307: Leona E. Gilmore appearing before the Board,
Presented testimony that this parcel (lot and House) was sold in 1980 in conjuction
with the sale of the Whistling Oyster Tavern to a partnership. This parcel was sold
for $80,000 on a separate contract, It was further pointed out that the home was
repossessed due to payment defaults in 1983; that is now difficult to resell the house
due to its proximity to the tavern and highway lOll and that a revenue of $300 per month
was received during the active period of the contract. The Assessor reported a current
recognition that the presence of the tavern and highway might depreciate the value;
that the house is currently valued at $37-38 per sq ft, (1200 sq ft.) and has a full
basement partialy finished; and that an adjustment to the improvement valuation might
be made after inspection.
BOE-86-034-A{Parcel NO,OOI-112-001: Robert A. Berg was not present for the hearing.
This parcel has an a.partment complex of 3 wood frame buldings which were built and
sold in 1979. Appraisals by brokers set the valuation at $800,000 - $100,000 below
the current valuation. The petitioner claims that annual income of $111,000 per year
produced a net loss of $9,330 in 1983 and $4,406 in 1984. The Assessor presented income
and expense analysis on this parcel and valuatim of three comparables; contend that
valuation should be $860 toi880,000 based on income approach and $86,000 based on
market approach; and recommends consideration of a valuation of $150,000 for land and
$170,000 for improvements,
BOE-86-035-LO{Parcel VO 021-184-003: Petitionef~Lawrence Delay and Jean Tenebaum were
not present for the hearing, The petition was read into the minutes disclosing that
this parcel of land in the Kilisut Reef Estates purchased in September 1985, for
$52,500 has 263 front feet of high-bank water front and that the valuation should thus
be set. The Assessor revealed that the property was originally sold in 1981 for
$65,000 (two years prior to the 1983 revaluation) and that it was resold for $52,00
after default in September 1985 (Just prior to revaluation in 1986)
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It"was further pointed out that the parcel 9Jacent to it (021-184-004) has also had
a history of high 1981 sale and subsequen~default. It was recommended that the
Board review the sales and default history^all parcels in this development to assure
equity in valuation if parcel 021-184-003 and 021-184-004 were adjusted to $52,500.
There veing no further hearing scheduled, the Board adjourned until 9:00 A.M. on Monday
the lIth of August.
Prepared by:
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erk
APPROVED BY:
CHAIRMAN
Date Approved:
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DAVID G.
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BARBER JR., MEMBER
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