2026_02_04 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:76E95FD4-D4F3-4FC2-A789-88A3F05FFCB8 2026: Currently in listing season. • County Recommendation: The discovery tax bills that were issued from the audit remain unpaid. Michael/Morgan inquired this week on how to pay them without paying penalty due to the appeal. (There is a requirement that penalties can't be paid before the hearing, or it voids the appeal). The accounts now include interest and discovery penalties it is more accurate to wait on payment until the Board's motion was complete. • Appellant's Appeal Letter • Tax Bills 2024-2019 Motion of the Board Other: Compromise 50%of listing penalty for each year Made the motion Leon Meyers Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Property Identification: Property Owner I Zachary James Reitman Appellant(if different) Property Address 1621 Sugarberry Road I Parcel ID or Abstract 19798191929 Statement of Appeal: Request reduction in value based on recent purchase. Current Assessed Value $2,162,800 County Opinion $2,162,800 Time of Hearin 11:14 AM Appellant Opinion $2,000,000 County Representative Jimmy Milliken Board Decision $2,162,800 Evidence submitted by the appellant: • "Thank you for considering our 2025 appeal and for providing us another opportunity to appeal the January 2025 property valuation. We purchased the property through an arm's-length transaction with an offer submitted on January 27, 2025, and final settlement completed on March 28, 2025. The agreed-upon purchase price was $2,000,000,which therefore represents the fair market value as of January 2025. In the 2025 revaluation—and as discussed in the appraiser's assessment during our initial appeal hearing on September 3,2025—the January 2025 listing price of$2,250,000 was strongly relied upon as a primary factor supporting the assessed value. We respectfully believe this reliance is misplaced. A listing price reflects a seller's initial asking position and does not establish market value; the most reliable indicator of value is the price achieved through an arm's-length transaction. For clarity, our initial offer submitted in January 2025 was $2,025,000. Following inspection and negotiations related to the property's condition,the final settlement included a$25,000 adjustment,resulting in an effective purchase price of$2,000,000. This negotiated outcome directly reflects market conditions and the property's condition at that time. If helpful,we would be glad to resubmit our detailed 2025 appeal materials,which document property-specific concerns that support the final sale price and further justify a January 2025 valuation of$2,000,000." 14