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HomeMy WebLinkAbout07/18/2024 Docusign Envelope ID:2F1DAOEE-CABF-43EB-8B63-678981D67B25 Order of the Mason County Board of Equalization Property Owner: Appel WA Credit- Fed Qtip Decendent's Tr 1 & 2. Appel & Gilmer Co-Trustee Parcel Number(s): 22230-23-00060 Assessment Year: 2023 Petition Number: 418.2024 Date(s) of Hearing: 7/18/2024 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 $ 203,795 ® Land $ 203,795 ® Improvements $ 914,445 ® Improvements $ 914,445 ❑ Minerals $ ❑ Minerals $ ❑ Personal Property $ ❑ Personal Property $ Total Value $ 1,118,240 Total Value $ 1,118,240 This decision is based on our finding that: The hearing was held on Thursday, July 18, 2024. Appel WA Credit- Fed Qtip Decendent's Tr 1 & 2. Appel & Gilmer Co-Trustee, Appellant, was represented by Mike Appel at the hearing. IdaMae Jensen, Assessor's Representative, and Assessor Patti McLean were present. The Appellant was not contesting the land value and, on the petition, estimated the true and fair value as $767,895. No documentation was provided to support this estimate of value. He testified that he did not feel the sample size of sales provided by the Assessor was reflective of the market. He had an issue with the construction years on the comparable sales ranging from 1939 to 2019. The Assessor provided four comparable sales from 2020 to 2022. The values, as adjusted, ranged from $1,146,268 to $1,563,227. The value of the subject parcel falls below this range. The Board found no clear, cogent, or convincing evidence that the Assessor was in error. Therefore, the Board sustains the value for the land at $203,795 and improvements at$914,445 for a total of $1,118,240 for the subject parcel. Docusign Envelope ID:2F1DAOEE-CABF-43EB-8B63-678981D67B25 Page 2 Petition No.418.2024 Parcel No.22230-23-00060 Dated this 18th day of July , 2024 DocuSigned by: S"gned/v"'by: A-41 F 1 r6" Chery i =s',Chairperson's Signature crew,s igna e " NOTICE This order can be appealed to the State Board of Tax Appeals by filing a formal or informal appeal with them at PO Box 40915, Olympia,WA 98504-0915 or at their website at bta.state.wa.us/appeal/forms.htm within thirty days of the date of mailing of this order. The appeal forms are available from either your county assessor or the State Board of Tax Appeals. To ask about the availability of this publication in an alternate format for the visually impaired,please call 1-800-647-7706. Teletype(TTY)users use the Washington Relay Service by calling 711. Distribution: • Assessor • Petitioner • BOE File REV 64 0058 (5/25/2017)—MCBOE062019 Docusign Envelope ID:2F1DAOEE-CABF-43EB-8B63-678981D67B25 Order of the Mason County Board of Equalization Property Owner: Joseph Larson Parcel Number(s): 62007-14-00010 Assessment Year: 2023 Petition Number: 421.2024 Date(s) of Hearing: 7/18/2024 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 $ 148,995 ® Land $ 81,950 ® Improvements $ 0 ® Improvements $ 0 ❑ Minerals $ ❑ Minerals $ ❑ Personal Property $ ❑ Personal Property $ Total Value $ 148,995 Total Value $ 81,950 This decision is based on our finding that: The hearing was held on Thursday, July 18, 2024. Joseph &Lori Larson, Appellants, were present at the hearing. Assessor Patti McLean was present. The Appellants stated on their petition that according to the Assessor's value this piece of property went up by 31% at the end of the housing market bubble in 2023. Now, when property sales have been on the decline due to increased interest rates, the county Assessor's value increased by 62% in 2024. They believe that there is no plausible way this reflects the value of this land that has no property improvements and doesn't hold a legal easement to access it if it was to be sold. The Assessor provided a trendline analysis with three comparable sales. The values ranged from $150,000 to $189,000. The value of the subject parcel falls below this range. The Assessor recommended a 45% decrement due to the parcel being landlocked. The Board found a preponderance of evidence that the Assessor was in error. Therefore, the Board overrules the value and sets the new value for the land at$81,950 and improvements at$0 for a total of$81,950 for the subject parcel. Docusign Envelope ID:2F1DAOEE-CABF-43EB-8B63-678981D67B25 Page 2 Petition No.421.2024 Parcel No. 62007-14-00010 Dated this 18th day of July , 2024 L gned by: Signed by: w ' I Cheryl Williams,Chairperson's Signature Cler 's ignature NOTICE This order can be appealed to the State Board of Tax Appeals by filing a formal or informal appeal with them at PO Box 40915, Olympia,WA 98504-0915 or at their website at bta.state.wa.us/appeal/forms.htm within thirty days of the date of mailing of this order. The appeal forms are available from either your county assessor or the State Board of Tax Appeals. To ask about the availability of this publication in an alternate format for the visually impaired,please call 1-800-647-7706. Teletype(TTY)users use the Washington Relay Service by calling 711. Distribution: • Assessor • Petitioner • BOE File REV 64 0058 (5/25/2017)—MCBOE062019