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HomeMy WebLinkAboutM081700 1820 Jefferson Street PO Box 1220 Port Townsend, WA 98368 James A. DeLeo, Distrjct 1 William S. Marlow, District 2 Richard A. Broders, District 3 MINUTES AUGUST 17, 2000 William S. Marlow Richard A. Broders James A. DeLeo Chairman Vice-Chairman Member Chairman William S. Marlow called the meeting to order at 9:30 a.m. in the presence of Vice-Chairman Richard A Broders and Member James A DeLeo. HEARINGS Zaki & Georgette Farid 2549 Newman Road Saanichton, BC VSM IVl CANADA BOE: OO-OS-LO 00-09-LO PN: 971100336 971 100335 Mr. and Mrs. Farid were not present. Appraiser Dennis Pownall represented the Assessor's office and was sworn in by Chairman Marlow. The property under appeal consists oftwo bare land parcels located in Brinnon and valued at $10,000 each. The appellants stated on their appeal form that they had marketed these lots for $8,750 each which is less than the assessed value. Due to the constraints placed on their property by the Jefferson County Planning Department, escrow money on the prospective sale was returned to the prospective buyer. These lots together were determined to be too small for a two-bedroom house, driveway and two parking spaces. Prospective buyer offered $7,750 for each lot. The appellants estimate the value of each parcel to be $5,000. Mr. Pownall eXplained that the assessment of these parcels have doubled in value since the last revaluation cycle. He discussed comparable property sales in the area. The Board may want to look at the topography when they conduct their site inspection of the property. Mr. Pownall believes an adjustment is necessary, however, he is not sure to what degree. He then read a letter he sent to the appellants in which he suggested they appeal to the Board of Equalization. Hearing no further testimony Chairman Marlow closed the hearing. The Board will take all the information under advisement, conduct a physical inspection of the property and make a determination at a later date. Phone (360)385-9100 / 1-800-831-2678 Fax (360)385-9382 jeffbocC@co.jefferson.wa.us BOARD OF EQUALIZATION MINUTES - AUGUST 17,2000 Page 2 Maurits Larson 4817 S. 144th Street Seattle, W A 98168-4137 BOE: 0o-l5-LO PN: 954600 121 Mr. and Mrs. Larson were present. Appraiser Peter Schuck represented the Assessor's office. After explaining the hearing process Chairman Marlow swore them in. The property under appeal consists of a waterfront parcel located in the Thorndyke area. Mr. Larson stated that they have owned this property since 1967. He applied for a building permit in 1978 but was denied due to the wet condition of the property. Since that time the property has deteriorated and approximately 30 feet of the property was lost due to a land slide. There is even a sign on the road which states "SLIDE AREA". An adjoining parcel sold at an auction for $8,000. He added that he owns 100 feet of waterfront property which is assessed higher than his neighbor's property which consists of284 feet of waterfront. He doesn't understand how that can be possible. His property is not buildable and is currently assessed at $90,000. He estimates the value to be $14,000. Mr. Schuck agreed that the property is overvalued. He stated that the Assessor's records do not indicate that they were ever denied a building permit. It would be helpful if the appellants could supply the documentation supporting the building permit denial. Due to the landslide problems in the area, the property may very well be worth $14,000. Especially with the auction of the property next door. After reviewing all the information submitted 3I1d hearing the testimony of both parties, Chairman Marlow closed the hearing. The Board will conduct a physical inspection of the property and make a determination at a later date. Marljane Jarboe 6607 113th Place SE Bellevue, W A 98006-6429 BOE: 00-35-R PN: 954600 103 Ms. Jarboe and her son Scott Jarboe were present. Appraiser Peter Schuck represented the Assessor's office. After explaining the hearing process Chairman Marlow swore them in. The property under appeal consists of a residence on a waterfront parcel located at 2885 Thorndyke Road, Port Ludlow. Ms. Jarboe stated that her property has been devalued due to land slides in the area. Scott Jarboe presented photographs showing the land slide damage to his mother's land and house resulting in the property being red tagged for a short period of time. The current assessment is $91,290 ($46,800 for the land and $44,490 for the improvements). A 20% reduction has been given by the Assessor's office for the damage sustained, however, they feel a reduction of 40% is warranted. Ms. Jarboe noted that there is a sign on the road that states "SLIDE AREA" and she believes the property is stigmatized as a result. Mr. Jarboe questioned the difference in the amount of the tax statements over the past three years. Chairman Marlow explained that Jefferson County is on a four year revaluation cycle and while property values do not change during the four year cycle, the tax statements may change based on levy rates. Mr. Schuck clarified the appraisal years and discussed the adjustments given for slide damage which he noted are subjective. BOARD OF EQUALIZATION MINUTES - AUGUST 17, 2000 Page 3 Mr. Jarboe stated they were unable to find any comparable property sales, however, they did have a realtor visit the property to give them an idea of its value. The realtor stated that prior to the slide the property could have sold for $225,000 to $250,000. Now the property could possibly sell for $150,000 to $175,000. Mr. Schuck stated that based on the figures given to the appellant by the realtor, the current assessed value of $91,290 is almost 50% lower than market value. The Assessor's office is required to assess property at 100% of its market value. Mr. Jarboe stated he did not realize that was the requirement. Ms. Jarboe explained that the figures provided by the realtor were based on the property being in great condition. The realtor also noted that they may have difficulty finding a buyer for the property under the circumstances, as they would be required to disclose all information about the property which may limit the potential buyers. Mr. Jarboe added that there is currently a risk factor which was not present prior to the land slides. He stated that when the Assessor's office revalued the property it increased in value. The 20% reduction was taken off the increased valuation. He believes that either the base value should be reduced and then the 20% reduction given, or a higher percentage of reduction needs to be given. Mr. Schuck discussed sales of property located in land slide areas. Ms. Jarboe noted that the sales are not in the same area as her property. Mr. Schuck presented the sales to show that they are occurring in land slide areas. Based on sales and the realtor's estimate of market value presented by the appellant, the assessment is fair. Hearing no further testimony Chairman Marlow closed the heating. The Board will consider all the information provided, conduct a physical inspection of the property and make a determination at a later date. Marc Mauney 3821 Cascadia Avenue. S. Seattle, W A 98118 DOE: 00-39-R PN: 921182012 Mr. Mauney was not present. Appraiser Robert Kingsley represented the Assessor's office and was sworn in by Vice-Chairman Broders in the temporary absence of Chairman Matlow. The property under appeal consists of approximately 9.7 acres ofresidential property located at 2137 Oak Bay Road, Port Hadlock. The appellant's reasons for appealing the value of his property were outlined on his petition as follows: "1. This property was purchased solely for the intent of building a permanent single family dwelling for occupation yeat round by the current owner. None of the foregoing was discovered until after the purchase closed July 1, 1999. 2. The property is in a critical landslide area and may be unsuitable for building any permanent structure. (See file for Geotechnical Report-Geotech Consultants, Inc.), letter from Geotech Consultants, Inc. concerning soils report for design of any potential structure, and letter from Jefferson County Department of Community Development. 3. The County Planning Department has clearly stated they would require a hold harmless agreement for any residential structure regardless of any future permit approval (Warren Hart, Jefferson County Planning Manager). 4. Two manufactured homes currently exist on the property. The one closest to the bank is in the main landslide area and too precarious to be inhabited on a long term basis by BOARD OF EQUALIZATION MINUTES - AUGUST 17,2000 Page 4 either the owner or renters (see Geotech Report). The second is being used by the caretaker until construction begins (if allowed, practical and reasonably safe). The timetable for construction has been delayed at least two years due to the described geologic issues. 5. The house on the north adjacent lot (parcel #921182006) was condemned (red tagged) by the county recently due to structural damage caused by landslide activity. 6. The above facts were not discovered by the current owner until after the property was purchased July 1,1999. 7. All of the above would need to be disclosed by law in any future sale. Finding a buyer at any price would be difficult. Clearly, any sale would be at a fraction of its current assessed value of $424,525. 8. To date, and after considerable searching, 1 have been unable to find a local MAl appraiser who is willing or has the expertise to assess the value of this property due to the complexity of issues." Mr. Mauney estimates the value to be $125,000 ($100,000 for the land and $25,000 for the improvements). Mr. Kingsley stated that he valued this property prior to Mr. Mauney's purchase of it in July 1999 for $425,000. At the time of the assessment it could not be detected that the property has land slide problems. Mr. Kingsley estimates the value to be somewhere between $100,000 and $300,000. Hearing no further testimony Vice-Chairman Broders closed the hearing. The Board will consider all the information provided, conduct a physical inspection of the property and make a determination at a later date. Meeting adjourned. Attest: ~L~.L f<. ~iA'U~I>PAfU ~ K. Lundgren,<Bjrk of 'eB~ard JEFFERSON COUNTY BOARD OF EQUALIZATION f1 J 0", farlOW, Chai an Richard A. t~s, Vice-Chairman CL-~a ;t;A ~ J~S A. DeLeo, Member