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HomeMy WebLinkAboutM041101 . ~\ ~QU~e ~~'~ C5 ~~~\ :0 co (~,~:~ ~~ :z \ ',.I' ~ ~~J ~~~ 1820 Jefferson Street P.O. Box 1220 Port TOWDsend, WA 98368 James A. DeLeo William S. Marlow Richard A. Broden MINUTES APRIL 11, 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 March 6, 2001. Member DeLeo seconded the motion which carried by a unanimous vote. DETERMINATION Robert & Adele Lowe 41 Buckhorn Road Port Townsend, WA 98368 BOE: 00-104-LO PN: 965800002 After reviewing all the information submitted by both parties and conducting an inspection of the property, the Board concurred that the steep ravine which runs through this parcel, negatively affects its value as indicated by the appellant's purchase price. The purchase price accurately reflects fair market value of this parcel. Vice-Chairman Broders moved to overrule the Assessor's determination of value and reduce it from $180,000 to $150,000. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of March 6,2001) EQUALIZATION Chairman Marlow explained that in the course of hearing a timely filed appeal (BOE#00-104-LO) submitted by Robert and Adele Lowe, the Board discovered a condition that materially affects the valuation of the parcel under appeal, as well as the adjacent parcel. A steep ravine runs through both parcels which negatively affects their valuations as indicated by the purchase price of the appellant's property. The Board reduced the valuation of the parcel under appeal, and feels it is necessary to equalize the valuation of the adjacent parcel in order to maintain equity. Vice-Chairman Broders moved to equalize the valuation of the adjacent parcel #965800001 by reducing the base land value to $150,000 to reflect fair market value. Member DeLeo seconded the motion which carried by a unanimous vote. ( See above and also minutes of March 6, 2001) Phone (360)385-9100 / 1-800-831-2678 Fax (360)385-9382 jellbocC@Co.jefferson.wa.ua