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0k <br />William S. Marlow <br />Richard A. Broders <br />James A. DeLeo <br />James A. DeLeo <br />MINUTES <br />February 8, 2005 <br />1820 Jefferson Street <br />P.O. Bos 1220 <br />Port Townsend, WA 98368 <br />William S. Marlow <br />Richard A. Broders <br />Chairman <br />Vice -Chairman <br />Member <br />Chairman William S. Marlow called the meeting to order at 10:00 a.m. in the presence of Vice -Chairman <br />Richard A. Broders and Member James A. DeLeo. <br />DETERMINATIONS <br />William & Lorna McKinley, Trustees BOE: 04-40-R PN: 964 900 017 <br />50-1 Harborview Drive <br />Port Townsend, WA 98368 <br />After reviewing all the information presented by both parties and conducting a physical inspection of the <br />property, the Board finds that the Assessor's valuation accurately reflects fair market value based on sales <br />of comparable properties. The valuations of the units when compared on a square footage basis also seem <br />to be consistent. Vice -Chairman Broders moved to sustain the valuation of $160,990 (556,250 for the <br />land and $104,740 for the improvements). Member DeLeo seconded the motion which carried by a <br />unanimous vote. (See also minutes of January 10, 2005) <br />Isa Family Trust BOE: 04 -41 -LO PN: 951 907 313 <br />1870 Sakai Village Loop <br />Bainbridge Island, WA 98110 <br />After reviewing all the information presented by both parties and conducting a physical inspection of the <br />property, the Board determined that this property accurately reflects fair market value based on sales of <br />comparable properties. An adjacent parcel (lots 15 & 16) was pointed out by the appellant to be similar <br />property, but, valued by the Assessor at a much reduced amount. State law requires that property must be <br />valued at 100% of its fair market value, and that valuations of other properties shall not be considered. <br />However, equity is an important component in tax fairness. We find that this particular parcel (lots 15 & <br />Phone (360)385-9100 Fax (360)385-9382 jeffbocca&. o.jefferson.wa.us <br />