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Docusign Envelope ID:A5042F46-AF25-45CO-912B-AADOE81E2977 <br /> Motion Time By Second <br /> To move into recess 3:12 PM Leon Meyers Richal Vanhook <br /> To return to order 3:20 PM Leon Meyers Richal Vanhook <br /> Related meeting notes: <br /> Property Identification: <br /> Property Owner Lauren M. Marchetti Appellant(if different) <br /> Property Address 2136 N. Lakeshore Drive Parcel ID or Abstract 9890000384 <br /> Statement of Appeal: Request reduction in value based on comparable properties, grade, and location in <br /> flood plain. <br /> Current Assessed Value $2,263,100 County Opinion $1,978,100 <br /> Time of Hearin 1:02 PM Appellant Opinion $1,948,400 <br /> County Representative Bill Hiltbold Board Decision $1,313,100 (50%land <br /> adjustment for flood lain <br /> Evidence submitted by the appellant: <br /> • 1)My property tax percent increase was 109.72% compared to an average of 80.82% for the <br /> rest of the 25 lakefront properties on my street,North Lakeshore Drive. 2)My house was rated <br /> the lowest building quality on the street at B-10 yet was valued significantly more than a <br /> comparable building rated B of similar size. 3)My property in entirely in the FEMA AE <br /> floodplain. Studies show that homes in the floodplain are valued up to 13.3%less than similar <br /> properties outside the flood zone. <br /> • My house is rated B-10 and valued at$358,900. There are 2 other B-10 homes and 2 B homes <br /> along North Lakeshore Drive (note spreadsheet). Two have significantly more square feet and <br /> one significantly less. The one at 2144 Lakeshore Court is most similar to mine yet is valued at <br /> $276,400. It is rated a B not B-10, has slightly more square footage(3,146 sf compared to my <br /> 3,084 s . <br /> Evidence submitted by the county representative: <br /> • There is currently no influence factor for any adjustment listed for the land value. The entire lot <br /> is in the floodplain as shown on the GIS map. However, land in flood zones is not worthless, <br /> especially with lake front lots. The photos show the beautiful lake view from this home which <br /> is considered to offset any large adjustment for being in a flood zone. However, the County <br /> does recommend applying-15%for the property being entirely in a floodplain. This change <br /> would reduce the land value by$285,000 to $1,615,000. Building value would remain at <br /> $358,900 as there is no justification for lowering the B-10 grade or the 1984 effective year <br /> built. <br /> 1. Photo <br /> 2. GIS Map <br /> 3. Analysis report <br />