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Home My WebLink AboutM061102 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 James A. DeLeo William S. Marlow Richard A. Broders MINUTES JUNE 11, 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 Member DeLeo moved to approve the minutes of May 30, 2002 as presented. Vice-Chairman Marlow seconded the motion which carried by a unanimous vote. DETERMINATIONS Safeway, Inc. c/o Perkins Coie, LLP Robert L. Mahon 1201 Third Avenue, Suite 4800 Seattle, Wi\ 98101-3099 BOE: 01-42-P PN: 10-11696 After reviewing all the information provided by both parties and listening to the testimony given at the hearing, the Board determined that the value of the personal property is equitable. Vice-Chairman Marlow moved to sustain the Assessor's valuation of $1,817,250. Member DeLeo seconded the motion which carried by a unanimous vote. (See also Minutes of May 30, 2002) Allen & Delee Panasuk 30 Raeburn Court Port Ludlow, WA 98365 BOE: 01-55-LO 01-56-R PN: 995700008 995 008 009 The Board reviewed all the information submitted by both parties and conducted a physical inspection of the property. It is agreed that the land assessment of parcel number 995 700 008 reflects true and fair market value. Vice-Chairman Marlow moved to sustain the Assessor's valuation of $35,000 for parcel number 995 700008. Member DeLeo seconded the motion which carried by a unanimous vote. Based the purchase price of the property, the Board determined that the improvement value should be based on an 80% good factor due to economic obsolescence. Vice-Chairman Marlow moved to overrule the Assessor Phone (360)385-9100 / 1-800-831-2678 Fax (360)385-9382 jeffbocc@co.jefferson.wa.us Board of Equalization Minutes - June 11, 2002 Page: 2 and reduce only the improvement valuation from $257,975 to $226,790. The land value will remain the same at $77,500. The new total assessed valuation of the property is $304,290. Member DeLeo seconded the motion which carried by a unanimous vote. (See also Minutes of May 30, 2002) Port Ludlow Associates Thomas A. Griffin 70 Breaker Lane Port Ludlow, WA 98365 Heron Beach Inn BOE: 01-58-C PN: 968 600 001 The Board reviewed all the information submitted by both parties and conducted a physical inspection of the property. It was agreed that the land value is fair and equitable, however, the improvement value should be reduced by 30% to reflect true and fair market value as of the assessment date of January 1, 1999. Vice- Chairman Marlow moved to overrule the Assessor and reduce only the improvement value from $3,202,000 to $2,241,400. The land value remains the same at $670,130. The new total valuation is $2,911,530. Member DeLeo seconded the motion which carried by a unanimous vote. (See also Minutes of May 30, 2002) Golf Course BOE: 01-59-C o 1-60-C 01-61-C 01-62-C 01-63-C 01-64-C 01-65-C 01-66-C 01-67-C 01-68-C PN: 821163 006 821163 007 821 201 002 821 201 003 821 201 004 821204 002 821 212 002 821212003 (Club House) 821 213 002 821 291 003 Chairman Broders explained that nine of these parcels constitute the golf course and only a have a land value and one parcel (821 212 003) constitutes the Club House and associated buildings and only has an improvement value. The value of the land on which it is located is incorporated in the value of the other nine parcels. After reviewing all the information submitted by both parties and conducting an inspection of the property, the Board concurred that in order to reflect true and fair market value of the property, the land value of these parcels should be based on $80,000 per hole as recommended by the Assessor during the hearing. Vice-Chairman Marlow moved to accept the Assessor's recommendation to base the land value on $80,000 per hole for the bare land parcels and accept the Appellant's estimate of improvement value in the amount of $103,456 (currently assessed at $288,855) for parcel number 821 212003 due to economic obsolescence. Member DeLeo seconded the motion. Chairman Broders stated that the appellant's estimate for the improvement value was based on a percentage proportioned from the sale amount. He feels their estimate of value may not reflect true market value. Vice-Chairman Marlow stated that it is likely that the appellant's are going to tear the building down and construct a new building in its place. He agrees that it has some value based on utility, however, he feels the future value of the building is zero. Board of Equalization Minutes - June 11, 2002 Page; 3 Chairman Broders feels that the property value should be reduced by determining an economic obsolescence factor. Vice-Chairman Marlow agreed and amended his motion that the Board will direct the Assessor's office to calculate the figures based on $80,000 per hole for the bare land parcels and the Board will apply an economic obsolescence factor to the improvement value of parcel number 821 212003 when the figures for the other nine parcels have been calculated. Member DeLeo seconded the amended motion. Chairman Broders stated that this is a preliminary determination and called for a vote on the amended motion. The motion carried by a unanimous vote. The meeting was recessed so the Board members could obtain from the Assessor's office the calculated figures as stated above. Shortly thereafter, the meeting was reconvened with Chairman Broders and Vice-Chairman Marlow present. Member DeLeo was absent for the remainder of the meeting. Vice-Chairman Marlow moved to overrule the current assessed value and use the calculated figure of $80,000 per hole for the bare land parcels making up the golf course and apply an economic obsolescence factor of minus 50% to the improvement value of parcel number 821 212003 (Club House). Chairman Broders seconded the motion. The motion carried. The valuation changes to the individual parcels are as follows: Appeal No. BOE 01-59-C BOE 01-60-C BOE 0l-61-C BOE 01-62-C BOE 01-63-C BOE 01-64-C BOE 01-65-C BOE 01-66-C (Club House) BOE 01-67-C BOE 01-68-C Parcel No. 821 163 006 821 163 007 821 201 002 821 201 003 821 201 004 821 204 002 821 212002 821 212 003 821 213 002 821 291 003 Assessor's Value $59,960 $160,835 $34,170 $9,920 $1,539,710 $572,190 $1,300,115 $288,855 $563,465 $317,385 BOE Determined Value $36,550 $97,970 $34,170 $9,920 $819,710 $337,440 $773,100 $144,430 $333,400 $191,650 The total value of the golf course is reduced from $4,846,605 to $2,778,340. Vice-Chairman Marlow moved to overrule the value of eight parcels and sustain the value of two parcels as listed above. Chairman Broders seconded the motion. The motion carried Harbor Master BOE: 01-69-C 01-70-C 01-71-C PN: 968 600 006 968 600 007 968 600 008 After reviewing all the information submitted by both parties and conducting a physical inspection of the property, the Board determined that the total value of two of the parcels is fair and equitable, however, the improvement value of the parcel on which the Harbor Master Restaurant is located should be reduced by 40% due to economic obsolescence due to the age of the building and the type of materials used in its construction. Vice-Chairman Marlow moved to overrule the Assessor and reduce the improvement value of parcel number 968600006 from $794,500 to $476,700. The land value will remain the same at $197,705. The total valuation is reduced from $992,205 to $674,405. Chairman Broders seconded the motion. The motion carried. Board of Equalization Minutes . June 11, 2002 Page: 4 Vice-Chairman Marlow moved to sustained the Assessor's valuation of parcel number 968600007 and 968 600 008. Chairman Broders seconded the motion. The motion carried. R.V. Park BOE: 01-72-C PN: 821172 002 The Board reviewed all the information submitted at the hearing and conducted a physical inspection of the property. It was agreed that the land value is fair and equitable based on highest and best use, however, the improvement value should be reduced by 50% for economic obsolescence due to the location resulting in lack of income producing revenue. Vice-Chairman Marlow moved to overrule the Assessor and reduce the improvement value from $102,000 to $51,000. The land value will remain the same at $90,330. The total valuation is reduced from $192,330 to $141,330. Chairman Broders seconded the motion. The motion carried. Commercial Center BOE: 01-73-C PN: 821171 001 The Board reviewed all the information submitted at the hearing and conducted a physical inspection of the property. The evidence presented by the appellant did not meet the burden of proof to overcome the presumption of correctness given to the Assessor's valuation. Vice-Chairman Marlow moved to sustain the Assessor's valuation of $1,092,360. Chairman Broders seconded the motion. The motion carried. With no further business before the Board of Equalization for the 2001 season, Chairman Broders adjourned sine die. The minutes of this date (June 11, 2002) will be approved upon completion and review. Attest: JEFFERSON COUNTY BOARD OF EQUALIZATION ~ - ,;'f <--/, (! ilGUJ 7/). /))~ uL ,.~ fin K. Lundgren, Clerk of the Boa;~ ~~ Richard A. Broders, Chairman f William S. Marlow, Vice-Chairman Fti.,~~