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HomeMy WebLinkAboutM101601 < 1820 Jefferson Street P.O. Box 1220 Port Townsend, W A 98368 James A. DeLeo William S. Marlow Richard A. Braders MINUTES OCTOBER 16, 2001 Richard A. Broders William S. Marlow James A. DeLeo Chairman Vice-Chairman Member Chairman Richard A. Broders called the meeting to order at 9:30 a.m. in the presence of Vice-Chairman William S. Marlow and Member James A. DeLeo. APPROVAL OF THE MINUTES Vice-Chairman Marlow moved to approve the minutes of August 13, 14, and 16, 2001 and September 13, and 24, 2001 as presented. Member DeLeo seconded the motion which carried by a unanimous vote. ASSESSOR'S CERTIFICATE OF NEW CONSTRUCTION VALUE FOR 2001 The Board reviewed the Assessor's Certificate of New Construction Value for 2001. Vice-Chairman Marlow moved to accept the Assessor's Certificate of New Construction Value for 2001. Member DeLeo seconded the motion which carried by a unanimous vote. HEARING Discovery View Associates W. Scott Phinny, Property Research LTD 1 Mount Jefferson Terrace Lake Oswego, OR 97035 BOE: 01.39-C PN: 948332903 No representative was present on behalf of Discovery View Associates, Appraiser Robert Shold represented the Assessor's office and was sworn in by Chairman Broders. The property under appeal consists of a low-income housing development located at 1051 Hancock Street, Port Townsend. A letter was sent to the Board by the appellant requesting that the Board sustain the current assessment, due to the fact that court cases on the general issue of low-income housing valuation are still pending at the Washington Court of Appeals. Furthermore, sustaining the property value will also enable the appellant to file an appeal with the Washington State Board of Tax Appeals where it can be consolidated with the appeals for similar properties. Currently the property is assessed at $1,315,140 ($415,960 for the land and $899,180 for the improvements). The appellant had initially requested that the property assessment be reduced to $900,000. A breakdown between land and improvements was not provided. Phone (360)385-9100 / 1-800-831-2678 Fax (360)385-9382 jeflbocc@Co.jefferson,wa.us . Board of Equalization Minutes . October 16, 2001 Page: 2 Mr. Shold stated that this appellant files an appeal each year and then requests that it be sustained in order to proceed with an appeal to the State Board of Tax Appeals. He explained that the property was revalued this year for $1,315,140. It was previously valued at $2,398,930. He believes the impact of the low-income housing designation on the market value of this property, was adequately taken into account and is reflected in the current assessment as evidenced by sales of similar properties. He recommends the Board sustain the current valuation. After reviewing all the information submitted and hearing the testimony of the Assessor's representative, Chairman Broders closed the hearing. There will be no physical inspection of this property and a decision will be made at a later date. Meeting adjourned. Attest: JEFFERSON COUNTY BOARD OF EQUALIZATION ~~~ Richard A. Broders, Chairman ~)viL 1{(j~t}1uU Erin K. Lundgred, cl~f:'2f the ~rd ~ f' William S. Marlow, Vice-Chairman ~o)2J (yes A. DeLeo, Mem~