HomeMy WebLinkAbout08 August 15
JEFFERSON COUNTY BOARD OF EQUALIZATION
A.C. Dalgleish
David G. Douglas
Archie L. Barber, Jr.
James A. Deleo
Chairman
Vice-Chairman
Member
Alternate
MINUTES
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15 August 1986
The meeting was called to order by Chairman Dalgleish at g:OO A.M.
All Board MemDers and Clerk were present. Mr. McCready and Mr. Shold represented
the Assessor's Office.
BOE-86-052RI Parcel No. 936-600-009: Loreen Sutherland was present at the hearing
and stupulated that she had purchased the property on 12-06-85 for $60,500; submitted
a copy of an appraisal made by J.P. Mills on 10-30-85 setting the value at $64,700.
There was data on three comparables attached to the petition.
The Assessor pointed out that the Board of Equalization had petitions on several
duplexes in this area in 1985 and made adjustments thereon.
It was recommended that this parcel should De considered for adjustment with the land
at $10,000 and the buildings (two small units with attached garages) at $55,000 to
bring this duplex in line with the equalization actions of 1985.
BOE-86-053RI Parcel No. 943-700-024: Peggy Johnson gave testimony in behalf of the
petition and stupulated that the parcel was purchased on 9-30-85 for $50,000 in re-
sponse to a HUD advertisement indicating an estimated value of $54,000 published in
August, 1935. The building is a three Dedroom with 1\ bath covering 1264 sq. ft.
of living space plus a garage. The petition included a comparable of a split level
home sold on 4-15-86 for $55,000.
The Assessor produced three comparables sold in 1984 at prices ranging from $54,500
to $60,500 with average over all valuation of $43.50 per sq. ft; and further recommended
consideration of an adjusted valuation of $10,000 for and and $44,00I1for buildings.
BOE-86-050RI Parcel No. 982-800-417: The Petitioner did not appear at the
hearing and the petition was read into the mi.nutes stipulating that the la.nd '
valuation was not challenged but that the valuation ~ the 320 sq. ft. cabin and
attached carport was overvalued at $34,245.
The Assessor (Shold) reported that as a result of a 9-30-85 inspection of the parcel
the classification was changed from cabin to low grade house with 1483 sq. ft. of
living space less a 25% depreciation plus the carport. The valuation was computed
on basis of $29.61 per sq. ft. '
BOE-86-051RI Parcel No. 602-352-007: The Petitioner was not present at th.e hearing
and the Petition was read into the minutes stupulating that the parcel was purchased
on 06-07-85 -lid... $20,175; and further that the improvements consi sted of an old mobil e
home with a deck addition.
The Assessor (Shold) reported that the parcel of 5.02 acres was valued at $4,000 per'
acre plus $1,000 for improvements; that the mobile home was built in 1981 (Corinthian)
and further that the sales agreement included with the petition made reference to
federal tax liens which indicated a clouding of the conditions of the sale at the
proce noted.
BOE-86-Q54R( pa,rcel No. 990-600-145: The petitioner indicated in writing that he
would be inable to attend the hearing and the Petition was read into the minutes
stipulating that the three contiguous lots of the parcel were purchased in 1972 for
a total of $73,000; and further submitted six comparables for consideration in
reviewing the valuation.
The Asses~or presented a listing of three water front home sites with an average cost
of $80,00llper lot and allowed a 10% reduction in the land valuation due to the contiguity
of the three Lots of the parcel. He presented information that the Mnin house and
guest house have 6619 sq. ft. of living area; presented comparables on three homes
with 3300 to 4300 sq. ft. of living space. The first two comparables produced average
over all values of $67.50 per sq. ft. which was then used 011 the 6,619 sq. ft. of
the petition house to set a valuation of $446,780. It was further pointed out that
the State Revenue Department made a ratio appraisal in February, 1985, setting the
value at $580,000.
It was recommended that the Board review additional water front lot values in the
interest of equalization.
BOE-86-056LO; Parcel No. 965-000-160: Mr. Mrs. Joseph Larotonda were present at the
hearing and stipulated that the current valuation is more representative of sales
during early development of Kala Point rather than current sales; that the parcel
has a conditional perk permit; and further that the parcel has been listed for $18,000
without any sales action.
The Assessor reported seven comparables with 1-5 in the $18,000 range as original
developer sales and the latter two in the $13,SOD range as more recent resales. It
was recommended that the Board must make inspections of all comparables to assess the
proper valuation.
BOE-86-055LO; Parcel No. 965-300-004: The Petitioner did not appear at the hearing
and the Petition was read into the minutes stipulating that the one half of a duplex
condominium was purchased on 11-15-84 for $110,000, including $15,000 of furnature
and fuxtures.
The Assessor called the Board's attention to the data submitted on Petition No.
BOE-86-018 with data on Model C, No. 3004 indicating a recommended adjustment of
$14,000 for land and $93,000 on the buildingimprovernents.
There being no further business before the Board on this day, the Board was adjourned
until 9:00 A.M. on Monday, the 18th of August.
APPROVED BY:
DATE
APPROVE: LJ/!/d 1; /Cjcf r;,
fl~~AN
92JJ "Gd
DAVID G. DO V
Prepa red
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Carolyn J. Lea, Clerk
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ARCHIE L. BARBER JR., MEMBER
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