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Home My WebLink AboutM103007 1820 Jefferson Street P.O. Box 1220 Port Townsend, WA 98368 James A. DeLeo William S. Marlow Richard A. Broder. MINUTES October 30, 2007 William S. Marlow Richard A. Broders James A. DeLeo 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 Wayne T. Bibbins P.O. Box 1941 Port Townsend, W A 98368 BOE: 07-13-R PN: 948304804 The Board considered all the information submitted by both parties. Based on sales of comparable properties, the Board concurred that the current assessment is reflective of fair market value. As shown on the Real Estate Excise Affidavit provided by the Assessor's representative, it is noted that in 2004 the appellant purchased the property for $43,000, not $36,000. If the appellant were to place this property for sale on the open market, the Board believes it could sell for the current assessed value. Vice-Chairman Broders moved to sustain the Assessor's valuation of $149,000 ($55,000 for the land and $94,000 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 22,2007) Curtis R. Wilcox 3329 Beaver Loop Kenai, AK 99611 BOE: 07-54-R PN: 978 900 071 After considering all the information submitted by both parties, the Board concurred that the current assessment reflects fair market value of this property. It is noted that the Assessor's office is already applying an adjustment factor of -20% for size, as well as a low 37% "good" factor due to the condition of the property. These adjustments adequately address the appellant's concerns and are reasonable and fair. Without documented evidence showing a further negative impact on the market value, the Board is compelled to uphold the current assessed value. Phone (360)385-9100 Fax (3601385-9382 jeflbocC@Co.jefferson.wa.us Board of Equalization Minutes - October 30, 2007 Pa~e:2 Vice-Chairman Broders moved to sustain the Assessor's valuation of $84,995 ($60,000 for the land and $24,995 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 22, 2007) Clell & Gail Whitney 891 Black Bear Road Port Townsend, W A 98368 BOE: 07-59-R PN: 942 600 612 After considering all the information submitted by both parties, the Board concurred that the current assessment reflects fair market value of this property. It is noted that the issue of junk and garbage on neighboring properties can lower property values, however, without documented evidence showing the negative impact on the market value, the Board is compelled to uphold the current assessed value. Vice-Chairman Broders moved to sustain the Assessor's valuation of$148,095 ($45,000 for the land and $103,095 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 22, 2007) David & Sally Unieski 333 S. Bay Lane Port Ludlow, W A 98365 BOE: 07-79-R PN: 969400029 After considering all the information submitted by both parties, the Board concurred that the current assessment reflects fair market value ofthis property. It is noted that the Assessor's office has adequately addressed the LP siding issue by giving a reduction in value which is reasonable and fair. An additional reduction in value of 35% is also being given by the Assessor for limited frontage, topography, view and easement factors. Without documented evidence showing a further negative impact on the market value, the Board is compelled to uphold the current assessed value. Vice-Chairman Broders moved to sustain the Assessor's valuation of$665,175 ($302,500 for the land and $362,675 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 25,2007) William & Katherine Funke, Trustee 75 Scott Court Port Ludlow, W A 98365 BOE: 07-81-R PN: 821162012 After considering all the information submitted by both parties, the Board concurred that the current assessment reflects fair market value of this property. It is noted that only a few comparable property sales exist. With the adjustments applied by the Assessor's office, it is found that they are sufficient to establish fair market value for this property. This Board also fmds that the method of valuing property based on a square footage analysis does not seem to be representative ofthe market. The appellant's contention that a nearby comparable property is superior to his parcel is correct, and in fact, it is assessed at a higher value, thereby, validating the Assessor's methodology. Board of Equalization Minutes - October 30, 2007 Pa~e:3 Vice-Chairman Broders moved to sustain the Assessor's valuation of 5688,380 ($311,450 for the land and $376,930 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 25, 2007) Sandra, Randy & James Hansen 2002 West 14th Street Port Angeles, W A 98363 BOE: 07-96-LO PN: 021321001 After considering all the information submitted by both parties, the Board concurred to reduce the value of this property due to its lack of utility. It is noted that the appellant's contention that it is valuable only as access to abutting tidelands is essentially correct. A survey map showed the actual length ofthis parcel is 489 feet, rather than 600 feet as shown in the Assessor's records. Using the 489 feet, the Board agreed to apply a reduction factor of -95% to arrive at the new value. Vice-Chairman Broders moved to overrule the Assessor's valuation of$75,600 (bare land) and reduce it to $45,342. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 22, 2007) Thomas & D. Elizabeth Kingston 52 Sea Vista Terrace Port Ludlow, W A 98365 BOE: 07-100-R PN: 998 700 045 After considering all the information presented by both parties, the Board concurred that the current assessment reflects the fair market value of this parcel. The fact that this parcel is "mapped" as being a landslide hazard area was not found to be sufficiently compelling to overrule the Assessor for the following reasons: 1) The maps are identified as "for information purposes only" and are well known for gross inaccuracies; 2) The house was built after a geological report presumably verified it was a safe place to build; and 3) One comparable sale presented was also partially in the mapped landslide area. While it is inconclusive whether or not that has an impact on the value with regard to this case, it does lead one to that conclusion. Vice-Chairman Broders moved to sustain the Assessor's valuation of 5487,945 ($230,000 for the land and $257,945 for the improvements). Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 25, 2007) Reed & Kathy Ulmer 80 W. Ludlow Point Road Port Ludlow, W A 98365 BOE: 07-101-R PN: 969 300 001 After considering all the information submitted by both parties, the Board concurred that the comparable sales data used by the Assessor's office is compelling evidence that the value of this property reflects fair market value with the exception ofthe dock. As recommended by the Assessor's staff, the value of the dock is reduced to $40,000. The Board agrees that the 15 year "effective age" adjustment is reasonable and fair. Ifthis property were placed for sale on the open market, it could sell for the value of$831,360. Board of Equalization Minutes - October 30, 2007 Pa~e: 4 Vice-Chairman Broders moved to overrule the Assessor's valuation of the improvements only and reduce it from $224,200 to $189,200. The land value of$642,160 remains unchanged, for a new total property valuation of $831,360. Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 25,2007) Richard W. Bean 241 W. Swaney Port Hadlock, W A 98339 BOE: 07-154-LO 07-155-LO 07-156-LO 07-157-R 07-158-LO 07-159-LO PN: 961806705 961 806 706 961 806 707 961 806 708 961 806 709 961 806 717 After considering all the information submitted by both parties, the Board concurred that the current assessment reflects fair market value. The close proximity of a junk yard, and the fact that a sex offender lives nearby, could affect the market value ofthe property. However, lacking specific market indications oflower values caused by these factors, the Board is compelled to uphold the current assessed value. Vice-Chairman Broders moved to sustain the Assessor's valuation of all six appeals as shown below: Parcel Number 961 806705 961 806 706 961 806707 961 806708 961806709 961 806717 Assessor's Valuation $19,000 $4,000 $4,000 $114,520 ($40,000 land / $74,520 Improvements) $8,000 $4,000 Member DeLeo seconded the motion which carried by a unanimous vote. (See also minutes of October 22, 2007) Vice-Chairman Broders moved to adjourn the meeting until I 0:00 a.m. Thursday, November 1, 2007. Member DeLeo seconded the motion which carried by a unanimous vote. ATTEST: / -- :!-uuJ ~) ~", ~', /c(JL/ L /', fl, nn Lundgren, Clerk of, e ~oard JEFFERSON COUNTY BOARD OF EQUALIZATION ! -- }Yi1liam~. }~~\' C ir t~ "it ~~"--( Richard A. rod rs, Vice-Chai~ (Dee""""I) James A. DeLeo, Member