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BOEminutes2023march23 Minutes BOARD OF EQUALIZATION Thursday, March 23, 2023 9:00 AM 107 NORTH KENT STREET, WINCHESTER, VIRGINIA ATTENDEES: Board Members Present: Theo Theologis, Jake Carpenter, Scott Strosnider, Betsy Brumback, Bradley Comstock Board Members Absent: Staff present: Kelly Fultz Call to order: The meeting was called to order at 9:14 AM Approval of minutes of January 26, 2023 meeting motioned by Bradley and seconded by Jake, unanimous approval. Hearings: 9:15 AM - 209 Canyon Rd (Map #65F-2-2-158) Mr. Wood presented, 1968sqft. Basement is unfinished, no fireplace. Mr. Wood presented comparable homes to consider. Assessor offered printing up a field data sheet for the homeowner. Board considered and compared to neighboring similar style homes and determined that this property has been equitably assessed and no change should be made. Vacant Land (Map#17-14-6-31) same owner, Mr. Wood presented comparable land sales in the Gore area. The Board compared this property to neighboring properties and determined that it is being equitably assessed, no change made. 9:30 AM - 261 Market St (Map#43-A-100A) - Michael Benak representing stated that the previous assessment was significantly less. Value contesting is 16,083,300. Freestanding on 12 acres. Sqft is 139,000, is willing to accept the discrepancy in sqft based on interior vs exterior measurements. Property built in 2008, representative suggests that at an age of 15 years, it should have a larger depreciation than 7%. He further explained that with an overall life expectancy of 30-35 years, should be at a 42.8% to 50% depreciation based on the guide. The representative then compared the property to the neighboring Target for comparison, and pointed out the differences between Target and (lighting, flooring, building finishes). Board compared property to other similar discount warehouses in the County, and determined that the depreciation being applied to this assessment is not in line with other similar discount warehouses and agreed to adjust the depreciation from 7% to 12%. 10:00 AM - 506 Ewings Ln (Map#85-A-139A), Mr. Scothorn shared his concerns stated in his letter. The Board reviewed Mr. concerns and compared to properties with similar land features. It was noted that there is a physical depreciation and a land adjustment already applied for the features Mr. Scothorn shared. The Board determined that no adjustment was merited for this property. County attorney, Rod Williams visited to share about FOIA, which covers both meetings and documents. If 3 or more members of the BOE are present, that constitutes a quorum and should not discuss formal business unless during a formal public meeting. 11:00 - Vacant Land (Map #26-8-1-13, #26-8-1-14 & #26-8-1-16), Mr. Poole shared his concerns with the value on his lots. He purchased four lots collectively for $150,000, and shared that he feels the other lots are not buildable. The Board compared these lots to neighboring lots and determined that the homesites and price per acre are being applied equitably and determined that no change should be made to this assessment. 11:30 AM - 161 Shannon Ct (Map #52-20-5-40) - Mr. Perry shared his concerns and an appraisal from when he purchased the home. Board noted some discrepancies in the square footage of the home and basement between the appraisal and tax records. Board requested an assessor visit the property to measure so the Board can determine if an adjustment is justified on the square footage that is being assessed. 11:55 AM - 113 Grebe Dr (Map #87B-1-3-78) - Mr. Coolidge presented data about other homes on his street with concerns that his assessed value has increased more than his assessed values. A photo was shared showing an unfinished room in the basement, which is a discrepancy from the information. The Board took action to adjust his finished basement square feet from 2206 to 1174 square feet, thereby adjusting his assessed value. 12:10 PM recessed for lunch 12:49 PM reconvened 12:50 PM - 205 Whimsy Ln (Map#61-A-33H) Mrs. Catapano shared a copy of her house plans and concerns about our records being inaccurate and additionally about the price per square foot that her house has been assessed at. Board requested that an assessor do a site visit 1:15 PM - 101 Chanterelle Ct (Map#84-8-2-31) - Mr. Moody shared concerns regarding the land value being assessed on his property with a different rate for the homesite and per acre. He is also concerned about his assessed improvement (home) value when compared to comparable homes that were used in an appraisal which he shared. Appraisal shows a value of 675,000, and feels that is a more accurate reflection of the value. Board evaluated other similarly sized properties within the same community and determined they have been equitably assessed in both land and improvements, the variation in assessed value is accounted for in variations between improvements (size, finished basement square feet, etc.) Online appeals 1527 Senseny Rd (Map #54-A-128) - overview of the project being low income housing, details and budget shared as well as rent rolls. The Board requested the assessors evaluate the information given and explore an income based assessment vs a cost approach, and return to the Board with information about how other low income apartment complexes are being assessed so we can compare. 111 Heath Ct (Map #55M-2-9-112) - Comparables provided online were compared. The Board worked to identify other same age homes with similar construction (size and exterior materials), and determined that this property has been equitably assessed. 102 Killaney Ct (Map #64G-3-5-142) - Caliva - in looking at similar homes (same floorplan and builder), the Board discussed and wanted to look at some comparable and revisit. 2:30 PM - 108 Heath Ct (Map #55M-2-9-122) - Phone appeal, Mr. Robert shared his concerns regarding the large jump in his assessed value. In evaluating and trying to find similar homes (same floorplan and age), the others seem to be smaller in size, so the Board requested that an assessor do a site visit to measure the home and verify that information. It was also noted that this assessment includes a finished basement, which was discovered the last time this home sold but was not reflected in the 2021 assessed value 3:30 PM - 111 Killaney Ct (Map #64G-3-5-122) - Mr. Mcfarland presented a recent appraisal valuing the property at 599,500. He stated no improvements have been made to the property since purchasing. He also shared the same floorplan home in the same neighborhood. The Board compared the two properties as well as other nearby properties and determined that it has been equitably assessed. Board adjourned at 4:00 P.M. Respectfully submitted, Bradley Comstock Secretary, Board of Equalization, Frederick County, Virginia