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HomeMy WebLinkAboutM121201 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 James A. DeLeo William S. Marlow Richard A. Braders MINUTES DECEMBER 12, 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. HEARING Donald Kruger P.O. Box 691 Port Townsend, W A 98368 BOE: 01-46.R PN: 977100101 Mr. Kruger was present. Appraiser Peter Schuck was present on behalf of the Assessor's office. After explaining the hearing process Chairman Broders swore them in. The property under appeal consists of a residence located at 33 Huntingford Road, Port Townsend. Mr. Kruger stated that he is in the process of building a house on his property. When he received his valuation notice it showed that the improvements were being assessed at 100% complete. After contacting Mr. Schuck to contest the percentage of completion, Mr. Schuck stated he would lower it to 70% complete. Mr. Kruger felt that 70% was still too high and that 60% more accurately reflected the completion of the house, The house has sheetrock, but, no millwork, doors, fixtures, floor covering or appliances. It's basically a shell. Currently the property is valued at $112,985 ($29,000 for the land and $83,985 for the improvements), Mr. Kruger estimates the value to be $89,000 ($29,000 for the land and $60,000 for the improvements). Mr. Schuck stated that he determined the percentage of completion using criteria outlined in the "Marshall & Swift" appraisal standards. According to these standards, the completion of the interior drywall and ceiling, not including paint, puts the house at 70% complete. The basement is valued at 60% complete. There have been several sales in the area which he presented in support of the assessment, Based on the sales, Mr. Kruger's house is undervalued at 70% complete. Mr. Kruger explained that his estimate of 60% is based on the cost he has incurred so far to build the house and the amount it will take to complete it. After reviewing all the information submitted and hearing the testimony of both parties, Chairman Broders closed the hearing. The Board will 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 jeflbocc@Co.jefferson,wa.us Board of Equalization Minutes - December 12, 2001 Page: 2 APPROVAL OF MINUTES Member DeLeo moved to approve the minutes of November 6, 2001 as presented. Vice-Chairman Marlow seconded the motion which carried by a unanimous vote. ACCEPTANCE OF ASSESSMENT CORRECTION Vice-Chairman Marlow moved to accept the following assessment correction agreed to by the petitioner and the Assessor's office. APPELLANT Cass Whalen, Greg Barron, & Renee' Barron APPEAL NO. BOE 01-45-LO PARCEL NO. 992600019 Member DeLeo seconded the motion which carried by a unanimous vote. EQUALIZATION; GLEN COVE In the course of hearing a timely filed appeal (BOE #01-08-LO) from a property owner in the Glen Cove Industrial Park, the Board obtained market value evidence indicating that the appellant's parcel was overvalued requiring a reduction in value and that several other parcels in the immediate area were also overvalued and would require equalization in order to maintain equity among the valuations of the similar properties. (See also August 13, 2001 Minutes of appellant's hearing and September 13, 2001 Minutes of appellant's determination) EOUALIZATION: Chairman Broders stated that there are 70 parcels within the Glen Cove Industrial Park which at the time they were assessed had a commercial designation and commercial market value. Since that time the Jefferson County Board of Commissioners established a commercial tightline boundary within the Glen Cove Industrial Park and these parcels were not included in that boundary, This resulted in these parcels losing their commercial status and being designated as residential property having a significantly lower market value. Vice-Chairman Marlow moved to reduce the valuations of the 70 parcels listed on the attached spreadsheet as proposed by the Board of Equalization. Member DeLeo seconded the motion which carried by a unanimous vote, HEARINGS - Continued Ann Norton 651 Old Eaglemount Road Port Townsend, W A 98368 BOE: 01-47-R 01-48-R PN: 901104026 901104 025 Ann Norton 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. Board of Equalization Minutes . December 12, 2001 Page: 3 The Board concurred to accept the reconvening request and hold the following hearing. Ms. Norton was not present. Robert Kingsley represented the Assessor's office and was sworn in by Chairman Broders. The property under appeal consists of two parcels, one with a residence, located at 2602 Anderson Lake Road in Chimacum. As written on the petition form the appellant's reason why she believes the Assessor's value does not reflect the true and fair market value of the property is "I paid less than the assessed value." The appellant purchased both parcels in October 2001 for $130,000. Currently the parcels are assessed at $94,535 ($49,820 for the land and $44,715 for the improvements) for parcel number 901104 026 and $51,435 ($45,340 for the land and $6,095 for the improvements) for parcel number 901 104025. Mr. Kingsley stated that the appellant attached an appraisal to the petition form showing that the two separate parcels were appraised as being one parcel. Not included in the appraisal is a second mobile home which is located on the property. Since, the appraisal does not reflect the configuration of the property, he questions its validity. Mr. Kingsley attempted to contact the appellant to gather further information, but, was unsuccessful in reaching her. He noted that this property had been repossessed by a bank and was then sold to the appellant, making it difficult to determine if the sale amount represents fair market value as it is unknown whether or not the property was listed on the open market by a Realtor. After reviewing all the information submitted and hearing the testimony of the Assessor's representative, Chairman Broders closed the hearing. The Board will conduct a physical inspection of the property and make a determination at a later date. Meeting adjourned. ~~K. Erin K. Lundgren, Cle k of th ~ JEFFERSON COUNTY rnQUALIZATION Attest: Richard A. Broders, Chairman 0-----.-. ..- William S. 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