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Docusign Envelope ID:5999C033-1430-4969-A880-AA08E7077BE9 <br /> Motion of the Board Accept the Coun 's revised value of$658,700 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Shannon Julian <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br /> Property Owner Jeffrey T. Becker Appellant(if different) <br /> Property Address 102 Livingston Place Parcel ID or Abstract 9870969760 <br /> Statement of Appeal: Request a reduction in value based on the average annual increase in home prices <br /> during the 2021-2024 time period. <br /> Current Assessed Value $937,600 County Opinion $937,600 <br /> Time of Hearin 2:12 PM Appellant Opinion $735,000 <br /> County Representative Roger Gunn Board Decision $937,600 <br /> Evidence submitted by the appellant: <br /> • The data used to calculate the increase in fair market value must be incorrect based on the <br /> extraordinary jump in value since the 2021 revaluation, considering market conditions over <br /> those time periods are similar. The property was assessed in 2021 for$628,300, a 4.8% <br /> increase over 2017. The most recent assessment is $937,600, a 49%increase. During the <br /> period 2017-2021 the average annual increase in home price was 8.55%. During the period <br /> 2021-2024 that increase was 8.6%. Both of these include a Covid related surge,netting out a <br /> "seasonal" type discrepancy. For the last assessment,the annual value increase of the home <br /> was set to—1.1%. Recognizing the changed real estate market, an annual increase of 4%is <br /> more logical. In 2024 home price growth has slowed significantly,though the final data are not <br /> yet published to validate this. <br /> Evidence submitted by the county representative: <br /> • Both an analysis of 2024 sales in the Larkspur neighborhood and an equity analysis with <br /> similar homes in the Larkspur neighborhood support the current valuation. No supportable <br /> evidence was presented by the appellant to prove the current valuation is incorrect. <br /> • Photograph of Subject <br /> • Property Record Card of Subject <br /> • Location Map of Subject <br /> • Larkspur Sales <br /> • Sales Analysis <br /> • Equity Analysis <br /> Motion of the Board Accept the Coun 's recommendation of no change in value <br /> Made the motion Shannon Julian <br />