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HomeMy WebLinkAboutM011702 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 James A. DeLeo William S. Marlow Richard A. Braders MINUTES JANUARY 17,2002 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 MINUTES Vice-Chairman Marlow moved to approve the minutes of December 12, 2001 as presented. Member DeLeo 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 Henry & Elizabeth Brooks APPEAL NO. BOE 01-53-LO PARCEL NO. 821 355 042 Member DeLeo seconded the motion which carried by a unanimous vote. .. DETERMINATIONS Alfred & Kathleen Jubie 182119" Drive Mukilteo, WA 98275 BOE: 01-43-R PN: 972 600401 The Board reviewed all the information submitted by both parties and conducted a physical inspection of the property. It was agreed that based on comparable property sales the current assessment reflects fair market value of the parcel. Vice-Chairman Marlow moved to sustain the Assessor's valuation of $113,555 ($30,335 for the land and $83,220 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of November 6, 2001) Phone (360)385-9100 / 1-800-831-2678 Fax (360)385-9382 jeffbocc@co.jefferson.wa.us J Board of Equalization Minutes. January 17,2002 Page: 2 Donald Kruger P.O. Box 691 Port Townsend, W A 98368 BOE: 01-46-R PN: 977100 101 After reviewing all the information submitted by both parties and conducting a physical inspection of the property, the Board agreed that the Assessor's valuation of the house at 70% complete is fair and equitable and accurately reflects current market value. The Assessor used "Marshall and Swift" appraisal standards in valuing the property. These standards are very specific in outlining the value of various stages of development. The appellant did not provide any documentary evidence to indicate the value is incorrect. Vice-Chairman Marlow moved to sustain the Assessor's valuation of $112,985 ($29,000 for the land and $83,985 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of December 12, 2001) Ann Norton 651 Old Eaglemount Road Port Townsend, W A 98368 BOE: 01-47-R 01-48-R PN: 901104026 901 104 025 The Board reviewed all the information submitted by both parties and conducted a physical inspection of the property. The appellant did not provide the Board with substantiating evidence that the assessment of the property is not reflective of its market value. It was noted at the hearing that the property was purchased by the appellant through a bank sale. Ordinarily, the sale of property is a big factor in determining its value, however, it is unlikely that the purchase amount reflects true and fair market value since the property was not placed for sale on the open market. In addition, the appraisal submitted by the appellant was not complete and indicated that these two separate parcels had been valued as being one single parcel, which may result in a lower value. The Board agreed that the current assessment is fair and equitable. Vice-Chairman Marlow moved to sustain the Assessor's valuation of $94,535 ($49,820 for the land and $44,715 for the improvements) for parcel number 901104026 and the Assessor's valuation of $51,435 ($45,340 for the land and $6,095 for the improvements) for parcel number 901104 025. Member DeLeo seconded the motion which carried by a unanimous vote. HEARING Port Hadlock/KSC, LLC c/o Realvest Corp., Paul Christensen 1111 Main Street, Suite 700 'Vancouver, VVi\ 98660 BOE: 01-49-LO 01-50-LO 01-51-LO 01-52-LO PN: 997900001 997 900 002 997 900 003 997 900 004 The appellant was not present. Appraiser Robert Kingsley represented the Assessor's office and was sworn in by Chairman Broders. The property under appeal is owned by the same company that owns the Port Hadlock Inn and Marina (Old Alcohol Plant) and these four bare land parcels are located near the Inn. Each parcel is currently valued at $40,000. The appellant estimates the value of each parcel is $20,000, stating on the petition form that the property is "non bay view property, view is of Port Hadlock Inn." Board of Equalization Minutes - January 17, 2002 Page: 3 Mr. Kingsley stated that the appellant is appealing the new construction valuation for these parcels. During the last revaluation of new construction, the Assessor's office removed the developer's discount of 50% from the valuations of these parcels as they no longer qualified for the discount. He noted that this was done on several parcels county-wide. He also noted that in researching for this appeal he learned that these parcels were previously marketed for $20,000 each. In light of that fact, he would agree to reduce the valuation of each parcel to $20,000 as requested by the appellant. Vice-Chairman Marlow stated that if both parties are in agreement on the amount each parcel should be assessed, there is no need for the Board to conduct a property inspection and a determination can be made at this time, unless, the other Board members have any objection. The other Board members concurred. Vice- Chairman Marlow moved to overrule the Assessor's valuation of $40,000 for each of the following parcels and reduce their value to $20,000 each. Parcel Numbers 997 900 001,997900002,997900003 and 997 900 004. Member DeLeo seconded the motion which carried by a unanimous vote. Meeting adjourned. Attest: f' VI - . I) .. . I )Lev L7I~l.':iluJft~y~ Erin K. Lundgren, &k ~f the B01ud JEFFERSON COUNTY BOARD OF EQUALIZATION BJJ;V~ Richard A. Broders, Chairman ! L.. William S. Marlow, Vice~Chairman ~.. -~ 6e.;:" /a~es A. DeLeo, Member