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Home My WebLink AboutM010504 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 James A. DeLeo William S. Marlow Richard A. Broders MINUTES JANUARY 5, 2004 William S. Marlow Richard A. Broders James A. DeLeo Chairman Vice-Chairman Member Chairman William S. Marlow called the meeting to order at 9:30 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 October 27 & 28, 2003 as presented. Member DeLeo seconded the motion which carried by a unanimous vote. DETERMINATIONS Marilyn Low Fite 1706 Howell Place Seattle, W A 98122 BOE: 03-80-LO PN: 021333004 After careful consideration of all the information submitted by both parties and conducting a physical inspection of the property, the Board determined that based on the parcel's lack of water, a reduction of 20% should be applied to the land value. Vice-Chairman Broders moved to overrule the Assessor and reduce the current assessed value from $361,800 (land only) to $289,440. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of December 2, 2003) Dale & Lisa Wilde 419 North Bayview Drive Port Ludlow, W A 98365 BOE: 03-92-LO 03-93-R PN: 921332002 921 332 032 After careful consideration of all the information submitted by both parties and conducting a physical inspection of each parcel, the Board determined that no documented evidence was presented to warrant a further reduction in value for parcel 921 332032. The Assessor's office has already given a 5% reduction Phone (360}385-9100 Fax (3601385-9382 jeffbocc@co.jefferson.wa.us Board of Equalization Minutes - January 5, 2004 Pajte 2 in value for eagle habitat impacts. Without clear, cogent or convincing evidence, the Board is compelled to uphold the current assessed value. Vice-Chairman Broders moved to sustain the Assessor's valuation of$I,164,320 ($359,475 for the land and $804,845 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. As for parcel 921 332 002 the Board feels a reduction in value is necessary. During the hearing the appellant suggested that 475 front feet of the property is effectively classified as open space by the eagle management plan, and therefore, has no value. The eagle management plan calls for no timber harvest in this area. Even with severe restrictions, this property has some substantial value. The Board feels it is appropriate to value this 475 feet using the same methodology as applied to property that will not sustain a septic system. That methodology is a 50% reduction in value, rather than the 15% reduction already given by the Assessor's office. The remaining 163 feet should receive no additional reductions, nor should the back acreage be given an additional reduction in value. It should be noted that the Assessor's representative testified that 50% interest in this property sold for $540,000 in 1997, which implies a value of $1,080,000 for the entire property. This is in error. The entire property sold for $540,000. Even that amount is greater than the Assessor's valuation that is being appealed. The appellant testified that had he known all the problems associated with the eagle management restrictions, he would not have paid that much for the property. The Board accepts that as true. In addition, the appellant was in the process of trying to obtain a timber harvesting permit and intended some ofthe purchase price to be allocated to the standing timber value. (By law standing timber value is not taxed, only base land value.) There was no testimony in regard to a specific allocated value for the timber, therefore, the Board is unable to use the purchase price as a measure of fair market value. Vice-Chairman Broders moved to overrule the Assessor and reduce the value from $469,155 (land only) to $358,930. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of December 2, 2003) George Herion 10716 S. Baltimore Road Spokane, W A 99205 BOE: 03-87-LO 03-88-LO PN: 921332030 921 332 039 The Board carefully reviewed all the information submitted by both parties and conducted a physical inspection of each parcel. It was agreed that the value of parcel 921 332039 reflects fair market value. Vice-Chairman Broders moved to sustain the Assessor's valuation of $20,775 (land only). Member DeLeo seconded the motion which carried by a unanimous vote. Parcel 921 332 030 should be given a further reduction in value due to the severe restrictions impacting the property as a result of the eagle management plan. Therefore, the adjustment already given by the Assessor's office for the eagle nest should be increased from 15% to 25%. Vice-Chairman Broders moved to overrule the Assessor and reduce the value from $207,960 (land only) to $183,495. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of December 2,2003) Board of Equalization Minutes - January 5, 2004 Pajte 3 George & Shirley Lucas, Trustee c/o Jeffrey Lucas 2527 Cliff Side Lane, Apt. Y-204 Gig Harbor, W A 98335 BOE: 03-89-LO 03-90-LO PN: 921332029 921 332 035 The Board carefully reviewed all the information submitted by both parties and conducted a physical inspection of each parcel. It was agreed that the value of parcel 921 332 035 reflects fair market value. Vice-Chairman Broders moved to sustain the Assessor's valuation of $20,850 (land only). Member DeLeo seconded the motion which carried by a unanimous vote. Parcel 921 332 029 should be given a further reduction in value due to the severe restrictions impacting the property as a result of the eagle management plan. Therefore, the adjustment already given by the Assessor's office for the eagle nest should be increased from 15% to 25%. Vice-Chairman Broders moved to overrule the Assessor and reduce the value from $207,960 (land only) to $183,495. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of December 2, 2003) Michael Scheren 100 Blueberry Hill Road Port Ludlow, W A 98365 BOE: 03-73-R PN: 821334063 The Board carefully considered of all the information submitted by both parties and conducted a physical inspection of the property. Based on sales of similar properties, including the best available comparables, the current assessment reflects fair market value. It is noted that in this case, no exact comparable property exists, however, extrapolations from existing sales as presented by the Assessor's office are presumed to be correct. Lacking any clear, cogent or convincing evidence, the Board is compelled to uphold the current assessment. Vice-Chairman Broders moved to sustain the Assessor's valuation of $251,385 ($28,700 for the land and $222,685 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of December 2, 2003) CORRECTED DETERMINATION ORDER Robert & Kathleen Purvis 100 Harbor View Place Port Ludlow, W A 98365 BOE: 03-82-R PN: 998 600 004 Chairman Marlow noted that upon further review of the information regarding this appeal, the Board discovered that it did not address the issue ofthe effective age of the residence in its previous determination for parcel 998 600 004. The Board maintains that the land value of $53,000 is fair and equitable, however, the value of the improvements should be reduced to reflect the current effective age. An effective age of six years should be applied to the residence, and a depreciation adjustment of 6% should be applied to the basement, decks, etc. Vice-Chairman Broders moved that the Board's previous decision to sustain the value be reversed and the determination order be corrected to reflect that the Board of Equalization Minutes - January 5, 2004 Pajte 4 Assessor is overruled and the improvement value of$138,265 is reduced to $130,220. The land value remains at $53,000, for a new total valuation of$ 1 83,220. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 28,2003 and November 24, 2003) BOARD OF EQUALIZATION 2003 SEASON CLOSURE/APPROV AL OF MINUTES The Board approved the actions taken on this date (January 5, 2004) and actions taken on November 3, and 24, and December 2,2003, upon the completion, review and signing of the minutes. With no further business before the Board of Equalization for the 2003 season, Chairman Marlow adjourned sine die. ~L cf< ':!U./l~fi~ Erin K. Lundgren, Cle:k ofle BO~ u:. JEFFERSON COUNTY BOARD OF EQUALIZATION ~----- W illilUlJ... IS M~IO~'l: Ch' an <f7 ;:. /,. ~.' 7 <Richar~ A. Bro ~rs, ice-Chairm~ ~.~~ ~ ~ 1l:~. ,.._, .e-__.-......,~ ..../ ~ _______ es A. eLeo, ember