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HomeMy WebLinkAboutM011005 ..~ (.)\ ~QU4le ~ 4$ON~~ g(~'9 Oti\ 6 t:O It:; ~\ Z I'" ><) " I \~ ~/ ~~ 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 James A. DeLeo William S. Marlow Richard A. Broden MINUTES January 10, 2005 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 Broders and Member James A. DeLeo. ASSESSMENT CORRECTION Vice-Chairman Broders moved to accept the following assessment correction. Member DeLeo seconded the motion which carried by a unanimous vote. APPELLANT Howard & Shirley Taylor APPEAL NO. BOE 04-39-R PARCEL NO. 821 081 042 HEARINGS William & Lorna McKinley, Trustees 50-1 Harborview Drive Port Townsend, W A 98368 BOE: 04-40-R PN: 964900017 Mr. and Mrs. McKinley were not present. Assessor Jack Westerman was present on behalf of his office and was sworn in by Chairman Marlow. The property under appeal is a condominium unit located at 50-1 Harborview Drive, (Kala Point) Port Townsend. On the petition form the appellants stated that "Comparables are all at least 50% larger than our unit (1050 sq. ft. vs. 1505-1569); ifland is apportioned by unit size, unit 1029 would have significantly less land than such units; no unit sized at 1030 sq. ft. has ever sold for a figure even close to the Assessor's valuation; all "comparable" units have 3 bedrooms and 2 or more bathrooms. Unit 1029 has 2 bedrooms and 2 bathrooms." Currently the property is assessed at $160,990 ($56,250 for the land and $104,740 for the improvements). Mr. and Mrs. McKinley estimate the value to be $145,000 (a breakdown between land and improvements was not provided). Phone (360)385-9100 Fax (360)385-9382 jeffbocC@Co.jefferson.wa.us Board of Equalization Minutes - January 10, 2005 Pa2e: 2 Mr. Westerman stated that this is the only appeal of a condominium unit in the Kala Point area that was received this year. While that doesn't prove that properties in the area are correctly valued, it does show that there was not a great concern over the new assessed values. The appellant's condominium is located in building #2, one of four buildings with similar condominiums. Their building is one of the preferred locations in terms of the view from the property. Unit #1048 located in building #4 sold for $168,005 in September 2003 and is the most comparable to the appellant's property. The appellants paid $145,000 for their property in 1997. It is currently assessed at $160,990 which is an 11 % percent increase over a seven year period. Discussion ensued regarding comparable property sales. After reviewing all the information submitted and hearing the testimony of the Assessor, Chairman Marlow closed the hearing. The Board will conduct a physical inspection of the property and make a determination at a later date. Isa Family Trust 1870 Sakai Village Loop Bainbridge Island, W A 9811 0 BOE: 04-41-LO PN: 951907313 Wayne Isa was present on behalf ofIsa Family Trust. Appraiser Charlie Hough represented the Assessor's office. After explaining the hearing process, Chairman Marlow swore in both parties. The property under appeal is a bare land parcel (lots 13 & 14) located in Fowler's Park Addition, Block 73, Port Townsend. Mr. Isa stated that the assessed valuation for the property is $60,000. In reviewing the valuations of other properties in the area he noted that many have better views than his parcel. In fact his property is subject to a height restriction of 17 feet which prevents him from being able to take advantage of any potential view from his property. There is a parcel adjacent to Mr. Isa's property which is similar in size, has a better view and no height restriction, and yet it is only assessed at $30,000. This does not seem equitable and he believes the valuation of $60,000 for his parcel is a bit high. He estimates the value to be $40,000. Mr. Hough stated he went to the City to obtain a copy of the building and zoning requirements for this parcel and found that the building height restriction is 30 feet. Nowhere in the City's records could it be found that the height restriction is 17 feet. Mr. Isa also previously owned lots 9, 10, 11, 12, 17 & 18 which he sold. Those lots were used as a basis to value the property currently under appeal (lots 13 & 14). The other properties in the area have the same base land value except they have deductions for topography. Mr. Isa stated that the building height restriction of 17 feet is written in the purchaselsale agreement for the property. He can provide that documentation if necessary. He also noted that the topography of his property is the same as the neighboring properties. Board of Equalization Minutes - January 10, 2005 After reviewing all the information submitted and hearing the testimony of both parties, Chairman Marlow closed the hearing. The Board will conduct a physical inspection of the property and make a determination at a later date. Pa2e: 3 Meeting adjourned. A):lest: . iJ' y u/ J~ t!. //~L.{.l~ '~l<. ,::z:.~L'l'li'(r--c:'J..<~- Erin K. Lundgren, Clerk of.ti!.e Board JEFFERSON COUNTY BOARD OF EQUALIZATION L-/'-- William S~... MrAar~.~hairmjlIl ""\;? L.. t ~ rl.. . ~~\./~ Richard A. Broders, Vice-Chairman ~q,i~bo<