2024-06-20 BOER Minutes - Laserfiche WebLink

Browse Search

DocuSign Envelope ID:5E26B84F-340A-4CF0-8353-5E4F9FC6CB88 Property Identification: Property Owner Kaye de Kruif Appellant if different Property Address 131 Providence Glen Parcel ID or Abstract 9890605507.010 Drive Statement of Appeal: Request a value reduction based on the value of comparable properties in the same neighborhood. Current Assessed Value $221,900 County Opinion $203,300 Time of Hearin 1:01 PM Appellant Opinion $196,300 County Representative Scott Zeman Board Decision $203,300 Evidence submitted by the appellant: • The appellant is formally appealing the tax value on her 2 bedroom/2 bathroom 1,216 sf condo. She is unsure of why this unit is assessed higher than four other 2 bedroom/2 bathroom 1,216 sf units with the exact layout(Units 112, 121, 122, and 132 Providence Glen Drive). The comparable units are all assessed at$196,300. The appellant also states the subject property has not been renovated. Evidence submitted by the county representative: • The subject property is currently assessed higher than the four comparable units mentioned in the appeal because of a difference in effective year built(EYB). The EYB of the subject property is 2018 while the EYB of all four comparables is 2002. • In December 2020,the subject property sold for$220,000. For the 2021 revaluation,the EYB was adjusted to 2018 to bring the property up to the market value established by this sale. A further analysis of condo sales within the same complex shows a median sale price per square foot of$184, or$223,744 for a 1,216-square-foot unit.From a sales perspective,the current assessed value is justifiable. • However,the extent to which the subject property has been renovated should also be considered. The MLS listing for the 2020 sale describes the property as having corian countertops,new carpets and new paint. These upgrades are not significant enough to justify a 16-year adjustment in effective year built.A 5-year adjustment would be more appropriate for these upgrades. • Therefore,the county proposes changing the effective year built for the subject property to 2007. The new adjusted value would be $203,300. • Photos: Front and overhead • Subject current and recommended property record cards • MLS#2339245 printout • Sales and equity reports • Property record cards for sales comparables, equity comparables, and appellant's comparables. Motion of the Board Accept the County's revised value of$203,300 Made the motion Tony Blake Seconded the motion Shannon Julian Voted For Barbara Levine Voted Against