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HomeMy WebLinkAboutM030601 ~\ ~QU~e ~~....~ g;;.~~~ ;c, co ift:; ~\ Z \" >< I \~ *! ~~#~ 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 James A. DeLeo William S. Marlow Richard A. Broden MINUTES MARCH 6, 2001 William S. Marlow Richard A. Broders James A. DeLeo Chairman Vice-Chairman Member Chairman William S. Marlow called the meeting to order at 10:30 a.m. in the presence of Vice-Chairman Richard A. Broders and Member James A. DeLeo. APPROVAL OF MINUTES Vice-Chairman Broders moved to approve the minutes of February 6, 2001. Member DeLeo seconded the motion which carried by a unanimous vote. ASSESSMENT CORRECTIONS Vice-Chairman Broders moved to accept the assessment corrections for the following petitioner. Member DeLeo seconded the motion which carried by a unanimous vote. APPELLANT Naomi Nachun " " APPEAL NO. BOE 00-102-LO BOE 00-103-LO PARCEL NO. 938 400 525 938 400 545 REQUEST FOR RECONVENING Robert and Adele Lowe submitted a "Request for Reconvening" based on the condition being met pursuant to WAC 458-14-127 RECONVENED BOARDS-AUTHORITY (1)(c) which states that Boards of Equalization may reconvene on their own authority to hear requests or appeals concerning the current assessment year when the request or appeal is filed with the Board by April 30 of the tax year immediately following the Board's regularly convened session and when a bona fide purchaser or contract buyer of record has acquired an interest in real property subsequent to the first day of July and on or before December 31 of the assessment year and the sale price was less than ninety percent of the assessed value. Vice-Chairman Broders moved to approve the reconvening request. Member DeLeo seconded the motion u(hlrn "~Trlp.rl hy ~ l1n~nlm{,\l1C untp. Phone (360)385-9100 / 1-800-831-2678 Fax (360)385-9382 jellbocC@Co.jefferson.wa.ua BOARD OF EQUALIZATION MINUTES - MARCH 6, 2001 Page 2 HEARING Robert & Adele Lowe 41 Buckhorn Road Port Townsend, W A 98368 ROE: 00-104-LO PN: 965 800 002 Mr. and Mrs. Lowe were present. Assessor Jack Westerman was also present. Mter explaining the hearing process Chairman Marlow swore them in. The property under appeal consists of a waterfront view lot located in Kala Heights. Mr. Lowe stated that they purchased this property in November 2000 for $150,000. It had been on the market for quite some time listed at over $180,000. This parcel was the last lot to sell in this particular area of the Kala Heights development. He believes the inflated asking price was one factor which prevented the lot from being sold and another factor was that there is a large drainage easement which runs through the lot. This drainage easement is a ravine which drops approximately 30 feet below the street level and severely limits the use of the property. He discussed comparable property which has been on the market for $189,000 and has not sold. The appellants believe they got a good deal on their property, however, they do not feel it should be valued at its current assessment of $180,000. They estimate the value to be their purchase price for the property. Jack Westerman explained that this property was revalued as of January 1,2000. The only sale which has taken place in this area of the Kala Heights development was lot 7 which sold for $205,000. Lots 6 and 7 are the best lots in the development and each have a base value of $180,000 with an additional 10% increase in value for the view. Lots 1 and 2 are probably the least desirable due to the view and drainage easement. The appellants own lot 2. He stated that lot 1 which is adjacent to the appellant's lot has a base value of $180,000 with a 10% reduction in value for the view. In the past the appellant's lot also received the same 10% reduction, however, at the time of revaluation the property was listed for sale at $196,000. Since it was being listed by Kala Point Development Company which is a knowledgeable seller, the asking price was taken into consideration when assessing the property and the reduction was not given to lot 2. While Kala Point Development Company did not appeal the assessed value of $180,000, there must have been a change in circumstances for the company to sell the property for significantly less than the asking price. Prior to the hearing Mr. Westerman considered contacting the appellants to offer an assessment correction reducing the valuation by 15% to $153,000, but refrained from doing so as the offer was still $3,000 more than they had paid for the property. He also hesitated in making an offer so that the Board would be empowered to make the same adjustment to lot 1 by changing the current adjustment from 10% to 15% to insure equity. Mr. Westerman recommends that a 15% reduction in value be made to both lots 1 and 2. Chairman Marlow noted that if the Board determines that an adjustment in value is necessary for the appellant's lot 2 and also for lot 1, then a Request for Reconvening will be submitted to the Washington State Department of Revenue for the sole purpose of equalizing the value of lot 1. BOARD OF EQUALIZATION MINUTES - MARCH 6, 2001 Page 3 EQUALIZATION Chairman Marlow explained that the Board inadvertently left out a parcel during the equalization process of property located in the Snow Creek Ranch area in Quilcene on February 6, 2001. Vice-Chairman Broders moved to equalize the valuation of parcel number 995 400033 by reducing the value from $10,000 to $5,000 to reflect the current market value. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of February 6, 2001) Meeting adjourned. Attest: ~~~. Erin K. Lundgred, derk of JEFFERSON COUNTY BOARD OF EQUALIZATION ~ ft3ja!r' Chairma Richard A. Broders, Vice-Chairman ~~~~