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William S. Marlow
Richard A. Broders
James A. DeLeo
James A. DeLeo
MINUTES
February 8, 2005
1820 Jefferson Street
P.O. Bos 1220
Port Townsend, WA 98368
William S. Marlow
Richard A. Broders
Chairman
Vice -Chairman
Member
Chairman William S. Marlow called the meeting to order at 10:00 a.m. in the presence of Vice -Chairman
Richard A. Broders and Member James A. DeLeo.
DETERMINATIONS
William & Lorna McKinley, Trustees BOE: 04-40-R PN: 964 900 017
50-1 Harborview Drive
Port Townsend, WA 98368
After reviewing all the information presented by both parties and conducting a physical inspection of the
property, the Board finds that the Assessor's valuation accurately reflects fair market value based on sales
of comparable properties. The valuations of the units when compared on a square footage basis also seem
to be consistent. Vice -Chairman Broders moved to sustain the valuation of $160,990 (556,250 for the
land and $104,740 for the improvements). Member DeLeo seconded the motion which carried by a
unanimous vote. (See also minutes of January 10, 2005)
Isa Family Trust BOE: 04 -41 -LO PN: 951 907 313
1870 Sakai Village Loop
Bainbridge Island, WA 98110
After reviewing all the information presented by both parties and conducting a physical inspection of the
property, the Board determined that this property accurately reflects fair market value based on sales of
comparable properties. An adjacent parcel (lots 15 & 16) was pointed out by the appellant to be similar
property, but, valued by the Assessor at a much reduced amount. State law requires that property must be
valued at 100% of its fair market value, and that valuations of other properties shall not be considered.
However, equity is an important component in tax fairness. We find that this particular parcel (lots 15 &
Phone (360)385-9100 Fax (360)385-9382 jeffbocca&. o.jefferson.wa.us
Board of Equalization Minutes - February 8, 2005 Page 2
16) is likely "undervalued", notwithstanding the fact that it was valued as excess lots "attached" to other
lots located across a platted street. This undervalue of adjacent property does not alter the fact that the
appellant's property is correctly valued. (See also minutes of January 10, 2005)
Meeting adjourned.
ATTEST:
JEFFERSON COUNTY
BOARD OF EQUALIZATION
Erin Lundgren, Clerk of the Board William S. Marlow, Chairman
Richard A. Broders, Vice -Chairman
James A. DeLeo, Member