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HomeMy WebLinkAbout01/09/2018 CERTIFICATE OF MAILING I, Becky Rogers, certify that on January 12, 2018, 1 personally emailed and/or forwarded, by United States mail, a true and correct copy of the attached Order of the Mason County Board of Equalization to the following: Dwight& Mary Whiting 17351 SE 187th St Renton, WA 98058 Email: dwight@auxanoadvisors.com Melody Peterson Mason County Assessor 411 N. 5t"Street Shelton, WA 98584 Email: Map@co.mason.wa.us Becky Rogers, Clerk Mason County Board of Equalization Order of the Mason County Board of Equalization Property Owner: Dwight&Mary Whiting Parcel Number(s): 22202-51-00002 Assessment Year: 2017 Petition Number: 32.2018 Having considered the evidence presented by the parties in this appeal,the Board hereby: ❑ sustains ® overrules the determination of the assessor. Assessor's True and Fair Value BOE True and Fair Value Determination ® Land $ 443,790 ® Land $ 252,000 ® Improvements $ 295,610 ®Improvements $ 378,000 ❑ Minerals $ ❑Minerals $ ❑ Personal Property $ ❑Personal Property $ . TOTAL $ 739,400 TOTAL $ 630,000 This decision is based on our finding that: The valuation placed on the property by the Assessor's Office is presumed to be correct, and can only be overcome by the presentation of clear, cogent, and convincing evidence that the value is erroneous [RCW84.40.030(1)]. The Board's goal is to acquire sufficient, accurate evidence to support a determination of true and fair value for the purpose of uniformity and equalization of taxation within the county as defined by statute (RCW 84.40.030) and the Washington Administrative Code (WAC 458-12-301). The owners,Dwight&Mary Whiting, were present at the hearing. IdaMae Jensen was present at the hearing representing the Assessor. The Appellant submitted the sales history for the last four years of the subject parcel listing three completed sales ranging from$630,000 to $640,000. The Appellants provided an estimate for the subject land value at$252,000, improvements at$378,000 for a total of$630,000. The Appellants testified that their recent purchase of$630,000 was an arm's length agreement between a willing seller and a willing buyer in May 2017. The Board accepted the Appellant's estimate in determining there was clear, cogent and convincing evidence to overrule the Assessor's market value. The Assessor submitted four comparable sales with an indicated value of$692,050 - $943,365. The Assessor determined the indicated value of the subject property as$739,400. However,the Board determined that the sale price of$630,000 indicated the market value and was supported by two previous sales of this property,which were not included in the Assessor's comparable sales. The Board overruled the Assessor's market value of$739,400 and set the land value at $252,000 and the improvement value at$378,000 for a total of$630,000. Page 2 Petition No.32 Parcel No.22202-51-00002 i Dated this 9th day of January , 2018 Deborah Reis,ChairpersoVs ignature Clerk's Signa e NOTICE This order can be appealed to the State Board of Tax Appeals by filing a notice of appeal with them at PO Box 40915, Olympia, WA 98504-0915,within thirty days of the date of mailing of this order. The Notice of Appeal form is available from either your county assessor or the State Board. To ask about the availability of this publication in an alternate format for the visually impaired,please call(360)705- 6715. Teletype(TTY)users,please call(360)705-6718. For tax assistance,call(360)534-1400. Distribution: Assessor •Petitioner •BOE File REV 64 0058 (2/16/12)