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Home My WebLink AboutM081804 , . (.)\ ~QU4le ~~~~ g~~~Q 6 ,:0 It:; ~\ ~ I.... ><) \ / \~ ~/ ~#' 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 James A. DeLeo William S. Marlow RJchard A. Brode.. MINUTES August 18, 2004 William S. Marlow Richard A. Broders James A. DeLeo Chairman Vice-Chairman Member Vice-Chairman Richard A. Broders called the meeting to order at 9:30 a.m. in the presence of Member James A. DeLeo. Chairman William S. Marlow was absent. HEARING WAIVERS/ASSESSMENT CORRECTIONS Member DeLeo moved to accept the following assessment corrections. Vice-Chairman Broders seconded the motion. The motion carried. APPELLANT APPEAL NO. PARCEL NO. Brian Reid BOE 04-07-LO 701 205010 " " BOE 04-08-LO 701 205011 Francine Rose BOE 04-09-LO 501 031 023 Leo & Jill LaBrosse BOE 04-12-LO 601 354015 " " BOE 04-13-LO 601 354007 HEARINGS Hank & Tammy Sukert #82 Elizabeth Street Port Townsend, W A 98368 BOE: 04-10-LO PN: 986703901 Mr. Sukert was present. Appraiser Charley Hough represented the Assessor's office. Vice-Chairman Broders explained the hearing process and swore them in. The property under appeal is approximately 6.64 lots with a residence located at #82 Elizabeth Street, Port Townsend. Only the land value is being appealed. Mr. Sukert stated he purchased this property in 1989. At that time it was zoned for light industrial use and he purchased it with the intent to use it for that purpose. After paying taxes based on that use for 14 years, the County downzoned the property to residential use only in January 2003. In Phone (360)385-9100 Fax (360)385-9382 jeffbocC@Co.jefferson.wa.us Board of Equalization Minutes - AU2ust 18, 2004 Pa2e: 2 August 2003 he was in need of a house, so he built a residence on this property. The property is located 50 feet from Highway 20 on which 15,000 vehicles travel per day. It is also adjacent to a parcel used to store approximately 350 propane gas tanks. In the early morning it is very noisy as the tank trucks used to haul propane are filled. In addition, Mr. Sukert's property is located within 1,200 feet of a parcel which has a rat infestation. The random presence of odor from the mill also devalues the property. The best use for this property is light industrial, but the fact is, the County rezoned it and now it contains a residence which is not consistent with the use of other properties in the area. Currently the land assessment is $19,920. Mr. Sukert estimates the value to $7,716. Mr. Hough stated that in 2002 the Board of Equalization equalized the value of this parcel and various other parcels in the area. The Board set the value for this parcel at $3,000 per lot. The Assessor's office believes the current value is fair. Mr. Sukert replied that if the property was still zoned light industrial, he would agree with that value. Discussion ensued regarding sales in the area. After reviewing all the information submitted and hearing the testimony of both parties, Vice-Chairman Broders closed the hearing. The Board will conduct a physical inspection of the property and make a determination at a later date. John A. Canova 2080 Renfrew Road Victoria, BC V8Pl S4 CANADA BOE: 04-20-LO PN: 998 802 405 Mr. Canova was not present. Appraiser Charley Hough represented the Assessor's office and was previously sworn in by Vice-Chairman Broders. The property under appeal is bare land (50' x 100' lot) located at 42"d and Cleveland Streets, Port Townsend. On the petition form the appellant states: "Technical conference (TEC04-025) report by F. Franklin has determined that a pumping station is required for a sewer to my lot, which may not have been known at the time of the last assessment." Currently the property assessment is $6,300. The appellant estimates the value to be $1,500. Ylr. Hough confirmed that records from the City of Port Townsend show that the property is approximately 10 feet from the City's sewer line making it necessary for a pumping station to be installed as stated by the appellant. He discussed sales of other properties in the area which were used to determine the assessment of this parcel. After reviewing all the information submitted and hearing the testimony of the Assessor's representative, Vice-Chairman Broders closed the hearing. The Board will conduct a physical inspection of the property and make a determination at a later date. Board of Equalization Minutes - AU2ust 18, 2004 Pa2e:3 Discovery View Associates Christopher K. RobinsonlW. Scott Phinney One Mt. Jefferson Terrace Lake Oswego, OR 97035 BOE: 04-14-C PN: 948 332 903 No representative of Discovery View Associates was present. Appraiser Robert Shold represented the Assessor's office and was sworn in by Vice-Chairman Broders. The property under appeal consists of a low-income housing development known as Discovery View Apartments located at 1051 Hancock Street, Port Townsend. On the petition form the appellant stated: "This is a low-income housing project subject to government restrictions. It should be valued based upon proper consideration of the impact of those restrictions. The capitalization rate should reflect the government control of many ofthe owner's traditional ownership rights. The Washington Court of Appeals has ruled that these restrictions must be considered in the valuation process. Actual, not market, income must be used for valuation. Tax credits, if any, should be ignored." A letter with attachments was also submitted as additional evidence for this appeal. Currently the property is assessed at $1,315,140 ($415,960 for the land and $899,180 for the improvements). The appellant's estimate of value is $885,000 ($415,960 for the land and $469,040 for the improvements). Mr. Shold explained that this property was last revalued in 200 I. Adjustments to the value have been made which take into account the government restrictions on these types of housing projects. Ifthis 48 unit apartment complex was not subsidized housing, the assessed value would be much higher. After reviewing all the information submitted and hearing the testimony ofthe Assessor's representative, Vice-Chairman Broders closed the hearing. The Board will conduct a physical inspection of the property and make a determination at a later date. Bishop Park-Port Townsend LLC Christopher K. Robinson/W. Scott Phinney One Mt. Jefferson Terrace Lake Oswego, OR 97035 BOE: 04-21-C PN: 948320501 No representative of Bishop Park was present. Appraiser Robert Shold represented the Assessor's office and was previously sworn in by Vice-Chairman Broders. The property under appeal consists of a low- income housing development known as Bishop Park Apartments located at 819 Hancock Street, Port Townsend. On the petition form the appellant stated: "This is a low-income housing project subject to government restrictions. It should be valued based upon proper consideration of the impact of those restrictions. The capitalization rate should reflect the government control of many of the owner's traditional ownership rights. The Washington Court of Appeals has ruled that these restrictions must be considered in the valuation process. Actual, not market, income must be used for valuation. Tax credits, if any, should be ignored." A letter with attachments was also submitted as additional evidence for this appeal. Currently the property is assessed at $910,820 ($288,000 for the land and S622,820 for the improvements). The appellant estimates the value is $400,000 ($288,000 for the land and $112,000 for the improvements). . Board of Equalization Minutes - AU2ust 18, 2004 Pa2e: 4 Mr. Shold stated that much like the previous appeal, this is a subsidized housing project for senior citizens and consists of 30 units. In November 2002 this property sold for $960,978.29. Because of the odd amount he did some research and has to yet find that it wasn't a valid sale amount. The current assessed value of $91 0,820 appears to adequately address the issues associated with the property being a subsidized housing project. After reviewing all the information submitted and hearing the testimony of the Assessor's representative, Vice-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. Attest: JEFFERSON COUNTY BOARD OF EQUALIZATION '0' . i ~ f Ii )", l A/ :lL.id{tj'Lc, L .. ..~. \ ""-I. Erin K. Lundgren, Clerk ofthe Board (Excused Absence) William S. Marlo Chairman ~ Richard A. Broders, Vice-Chairman L a~-L (Jilles A. DeLeo, Member