BOARD OF EQUALIZATION AND REVIEW
THURSDAY, JANUARY 31, 2008
PRESENT: ROBERT L.
BAILEY, PRESIDENT
NANCY
CARTMILL, COMMISSIONER
W.
SCOTT BIAS, COMMISSIONER
SHARON
ROSS, ASSISTANT
FOR
BILLABLES AND PAYABLES
Robert L. Bailey, President, called the Board of Equalization and Review to order at 10:00 a.m.
APPEARING KAY DAY, CHIEF DEPUTY FOR THE
ASSESSOR’S OFFICE
Kay Day, Assessor’s Chief Deputy, stated the Assessor’s Real, Personal and Business Property Books were available for the board to review, if needed.
APPROVE: CORRECTIONS
OF APPRAISAL OR ASSESSMENT ON
REAL,
PERSONAL AND BUSINESS PROPERTY
W. Scott Bias, Commissioner, moved to approve the corrections of
appraisal or assessment on real, personal and business property, as provided by
the Assessor. Nancy Cartmill,
Commissioner, seconded the motion and the vote was unanimous. Exhibit
(A)
10:00 A.M. DR.
TARA SHARMA, APPEARING
DISTRICT
– GIDEON, MAP – 75, PARCEL - 148
2007
APPRAISED VALUE - $634,700
2008
APPRAISED VALUE - $634,700
VALUE
IN DR. SHARMA’S OPINION - $550,000
Dr. Sharma stated he believed the appraised value of his property was too high, due to the fact that he had not been able to sell his home. Dr. Sharma further stated he tried for nine months to sell his home for $750,000 and at a later date reduce the price to $680,000, however, he still was unable to sell the property.
Brian Daniels, Cabell County
Assessor’s Office, stated the homes in the
W. Scott Bias, Commissioner, asked Dr. Sharma if he could sell his home what price would he take and Dr. Sharma replied he would take $575,000 for the home.
DISTRICT
– GUYANDOTTE, MAP – 7C, PARCEL – 128
2007 APPRAISED VALUE -
$8,200
2008
APPRAISED VALUE - $8,200
BOARD OF EQUALIZATION AND REVIEW
PAGE TWO
DISTRICT
– GUYANDOTTE, MAP – 7C, PARCEL – 147
2007
APPRAISED VALUE - $3,900
2008
APPRAISED VALUE - $4,900
DISTRICT
– GUYANDOTTE, MAP – 7C, PARCEL – 148
2007
APPRAISED VALUE - $900
2008
APPRAISED VALUE - $1,200
DISTRICT
– GUYANDOTTE, MAP – 7C, PARCEL – 149
2007
APPRAISED VALUE - $6,000
2008 APPRAISED VALUE - $7,500
Dr. Sharma stated there were no buildings on the four properties nor had any improvements been made.
Jon Wheeler, Cabell County Assessor’s Office, stated the value for the four properties had been established by the sale of houses in that area.
Robert L. Bailey President, informed Dr. Sharma that he would be notified by mail of the Board’s decision.
W. Scott Bias, Commissioner, moved to approve lowering the appraised value of the property of Tara Sharma, located at #1 Brighton Way, Huntington, Gideon District, Map 75, Parcel 148 from $634,700 to $575,000, and the properties located on Campbell Drive, Huntington, Lot #389-392, Guyandotte District, Map 7C, Parcel 128, Campbell Drive, Huntington, Lot #63-64, Guyandotte District, Map 7C, Parcel 147, Rece Court, Huntington, Lot #62, Guyandotte District, Map 7C, Parcel 148 and Wright Court, Huntington, Guyandotte District, Map 7C, Parcel 149 remain at the 2008 appraised value. Nancy Cartmill, Commissioner, seconded the motion and the vote was unanimous.
Robert L. Bailey, President,
recessed the meeting at 10:20 a.m., until Monday February 4, 2008, at 10:00
a.m.
BOARD OF EQUALIZATION AND REVIEW
MONDAY, FEBRUARY 4, 2007
PRESENT: ROBERT L.
BAILEY, PRESIDENT
W.
SCOTT BIAS, COMMISSIONER
SHARON
ROSS, ASSISTANT
FOR
BILLABLES AND PAYABLES
ABSENT: NANCY
CARTMILL, COMMISSIONER
BOARD OF EQUALIZATION AND REVIEW
PAGE THREE
Robert L. Bailey, President, reconvened the meeting of the Board of Equalization and Review at 10:00 a.m.
APPROVE: CORRECTIONS
OF APPRAISAL OR ASSESSMENT ON
REAL,
PERSONAL, AND BUSINESS PROPERTY
W. Scott Bias, Commissioner, moved to approve corrections of appraisal
or assessment on real, personal and business property as provided by the
Assessor. Robert L. Bailey,
President, seconded the motion and the vote was unanimous. Exhibit
(B)
10:00 A.M. NANCY
REASOR MOSS – CANCELLED APPOINTMENT
10:15 A.M. CHARLES SAMMONS, APPEARING
DISTRICT
– GIDEON, MAP – 45, PARCEL – 449
2007
APPRAISED VALUE - $47,600
2008
APPRAISED VALUE - $56,700
VALUE IN MR. SAMMONS’ OPINION - $42,000 TO $45,000
Mr. Sammons stated that due to
problems in the neighborhood, he had not been able to rent the two apartments
at the
Brian Daniels, Cabell County
Assessor’s Office, stated that across the street from the 1357 Charleston
Avenue location, property, which was larger and in better shape, sold for
$80,000.00 and in the same area and in a worse location, property sold for
$63,500.00. Mr. Daniels also stated he
believed the new medical center that was built near
W. Scott Bias, Commissioner, moved to lower the appraised value of the
property of Charles Sammons, located at
Robert L. Bailey, President, recessed the meeting at 10:10 a.m., until Friday, February 8, 2008, at 10:00 a.m.
BOARD OF EQUALIZATION AND REVIEW
FRIDAY, FEBRUARY 8, 2008
PAGE FOUR
PRESENT: ROBERT L.
BAILEY, PRESIDENT
NANCY
CARTMILL, COMMISSIONER
W.
SCOTT BIAS, COMMISSIONER
SHARON
ROSS, ASSISTANT
FOR
BILLABLES AND PAYABLES
Robert L. Bailey, President, reconvened the meeting of the Board of Equalization and Review at 10:00 a.m.
ARROVE: CORRECTIONS
OF APPRAISAL OR ASSESSMENT ON
REAL,
PERSONAL AND BUSINESS PROPERTY
W. Scott Bias, Commissioner, moved to approve the corrections of
appraisal or assessment on real, personal and business property, as provided by
the Assessor. Nancy Cartmill,
Commissioner, seconded the motion and the vote was unanimous. Exhibit
(C)
10:00 A.M. RESCHEDULED
10:15 A.M. SHIRLEY
REYNOLDS, APPEARING
DISRTICT
– GIDEON, MAP – 45, PARCEL – 543
2007
APPRAISED VALUE - $45,600
2008
APPRAISED VALUE - $77,600
VALUE
IN MR. CHAFFIN’S OPINION -
Shirley Reynolds did not appear before the Board of Equalization and Review.
Robert L. Bailey, President, recessed the meeting at 10:20 a.m., until Tuesday, February 12, 2008, at 2:00 p.m.
BOARD OF EQUALIZATION AND REVIEW
TUESDAY, FEBRUARY 12, 2008
PRESENT: ROBERT L.
BAILEY, PRESIDENT
NANCY
CARTMILL, COMMISSIONER
W.
SCOTT BIAS, COMMISSIONER
SHARON ROSS, ASSISTANT
FOR
BILLABLES AND PAYABLES
Robert L. Bailey, President, reconvened the meeting of the Board of Equalization and Review at 2:00 p.m.
THURSDAY, FEBRUARY 12, 2008
PAGE FIVE
APPROVE CORRECTIONS
OF APPRAISAL OR ASSESSMENTS ON
REAL, PERSONAL, AND BUSINESS PROPERTY
W. Scott Bias, Commissioner, moved to approve the corrections of
appraisal or assessment on real, personal and business property, as provided by
the Assessor. Nancy Cartmill, Commissioner, seconded the motion and
the vote was unanimous. Exhibit (D)
2:00 P.M. CANCELLED
– 2/07/08
2:15 P.M. JAMES
BELL, APPEARING
DISTRICT
–
2007
APPRAISED VALUE - $82,400
2008
APPRAISED VALUE - $94,500
VALUE
IN MR. BELL’S OPINION
DISTRICT
–
2007
APPRAISED VALUE - $2,900
2008
APPRAISED VALUE - $5,900
VALUE
IN MR. BELL’S OPINION
Mr. Bell provided pictures of his property to the Board and stated he believed the value of his property (Map-31002300000000) was appraised too high. Mr. Bell further stated the property had a three room cabin with utilities, however, it was not lived in and was only used for a few days at a time.
Brent Williams, Cabell County Assessor’s Office, stated the sales comparison method was used to assess Mr. Bell’s property and property in the area had been selling recently. Mr. Williams further stated that the cabin was considered as a dwelling.
Mr. Bell stated the property (Map-3102300050000) was less then an acre and nothing was on it but brush and he believed it was worth $500.00.
Robert L. Bailey, President, informed Mr. Bell that he would be notified by mail of the Board’s decision.
2:30 P.M. BILLY
CHAFFIN, APPEARING
DISTRICT
– MCCOMAS, MAP – 4A00, PARCEL – 34000000000
2007
APPRAISED VALUE - $75,000
2008
APPRAISED VALUE - $85,600
VALUE
IN MR. CHAFFIN’S OPINION - $75,400
BOARD OF EQUALIZATION AND REVIEW
PAGE SIX
Mr. Chaffin stated he built the house in 1970 and no improvements had been made to the house or property. Mr. Chaffin further stated he did not understand why his property values would raise just because the value of his neighbors’ property raised.
Jon Wheeler, Cabell County Assessor’s Office, stated the sales comparison method was used and the houses in that area were selling at a good price.
Robert L. Bailey, President, informed Mr. Chaffin that he would be notified by mail of the Board’s decision.
2:45 P.M. CHRISTINA
SPYCH, APPEARING FOR
FLINT
GROUP PIGMENTS (BPS PRINTING SYSTEM LLC)
DISTRICT
– GIDEON, MAP – 20, PARCEL – 98.1
2007
APPRAISED VALUE - $111,800
NOTE: VALUE IS
BUILDINGS CHARGED TO BASF (RELEASE
& NEW
TICKET MADE FOR 2007 TO CORRECT 2007
VALUE
$2,297,800
2008
APPRAISED VALUE - $3,715,400
VALUE IN MS. SPYCH’S OPINION
Timothy S. Waggoner, West Virginia State Tax Department’s Attorney, and Faith C. Dangerfield, West Virginia State Tax Department’s Appraiser, appeared before the Board.
Mr. Waggoner asked Ms. Dangerfield the reason they were appearing today and Ms. Dangerfield stated the issue was the price per square foot of the property owned by the Flint Group.
Mr. Waggoner asked Ms. Dangerfield several questions and Ms. Dangerfield informed the Board that in appraising the property several things were taken in consideration such as land sales, usage and the age of the buildings. Ms. Dangerfield went on to say the average price per square foot was $21.00 and the Flint Group Pigments Plant square footage was anywhere between $4.00 to $32.00 per square foot.
Mr. Waggoner asked Ms. Dangerfield, in her opinion, if the appraised value was in line with other property and Ms. Dangerfield stated that by West Virginia State Law it was in line.
Christina Spych, appearing for Flint Group Pigments, stated the buildings at the plant were not adjoined, which means if the plant would sell there would not be efficient work flow for an assembly line. Ms. Spych further stated the original buildings were built in 1915 and updates were done in the plant sometime around 1950, however the buildings were still old.
BOARD OF EQUALIZATION AND REVIEW
PAGE SEVEN
Ms. Spych stated she had complied a list of industrial property similar with the
plant here. Ms. Spych further stated three
properties were in
Mr. Waggoner asked if Ms. Spyck was a certified appraiser and she replied she was not a certified appraiser.
Ms. Dangerfield stated she did not believe the data complied by Ms. Spych was comparable because you could not use the listing of property for comparison, you had to use the amount of the sales.
Robert L. Bailey, President, informed Ms. Spych she would be notified by mail of the Board’s decision.
W. Scott Bias, Commissioner, moved to approve lowering the appraised value of the property of James Bell located on Black Hollow Road, Ona, Union District, Map 31002300000000 from $94,500 to $89,000, and lowering the appraised value of the property located on Black Hollow Road, Ona, Union District, Map 3102300050000 from $5,900 to $2,900.00. Nancy Cartmill, Commissioner, seconded the motion and the vote was unanimous.
Nancy Cartmill, Commissioner, moved to approve lowering the appraised
value of the property of Billy Chaffin located at
Nancy Cartmill, Commissioner, moved to approve lowering the appraised
value of property owned by the Flint Group Pigments, located at
Robert L. Bailey, President, recessed the meeting at 3:20 p.m., until Friday, February 15, 2008, at 10:00 a.m.
BOARD OF EQUALIZATION AND REVIEW
FRIDAY, FEBRUARY 15, 2008
PRESENT: ROBERT L.
BAILEY, PRESIDENT
W.
SCOTT BIAS, COMMISSIONER (BY TELECONFERENCE)
SHARON
ROSS, ASSISTANT
FOR
BILLABLES AND PAYABLES
FRIDAY, FEBRUARY 15, 2008
PAGE EIGHT
ABSENT NANCY
CARTMILL, COMMISSIONER
Robert L. Bailey, President,
reconvened the meeting of the Board of Equalization and Review at 10:00 a.m.
President Bailey stated the 10:00 a.m. and 10:30 a.m. appointments had cancelled.
Robert L. Bailey, President,
recessed the meeting at 10:01 a.m., until Tuesday, February 19, 2008, at 2:00
p.m.
BOARD OF EQUALIZATION AND REVIEW
TUESDAY, FEBRUARY 19, 2008
PRESENT: ROBERT L.
BAILEY, PRESIDENT
NANCY
CARTMILL, COMMISSIONER
W.
SCOTT BIAS, COMMISSIONER
SHARON
ROSS, ASSISTANT
FOR
BILLABLES AND PAYABLES
Robert L. Bailey, President, reconvened the meeting of the Board of Equalization and Review at 2:00 p.m.
APPROVE: CORRECTIONS
OF APPRAISAL OR ASSESSMENT ON
REAL,
PERSONAL, AND BUSINESS PROPERTY
W. Scott Bias, Commissioner, moved to approve corrections of appraisal
or assessment on real, personal, and business property, as provided by the
Assessor. Nancy Cartmill, Commissioner,
seconded the motion and the vote was unanimous.
Exhibit (E)
2:00 P.M. CANCELLED
2:30 P.M. LARRY
ELLIS, APPEARING FOR:
PARKS
LIMITED PARTNERSHIP (PARKVIEW LP)
DISTRICT
– KLYE, MAP – 55, PARCEL – 346
2007
APPRAISED VALUE - $2,952,100
2008
APPRAISED VALUE - $2,952,100
VALUE IN MR. ELLIS’ OPINION – NO
VALUE GIVEN
TUESDAY, FEBRUARY 19, 2008
PAGE NINE
HAMLETS
LIMITED PARTNERSHIP
DISTRICT
– GUYANDOTTE, MAP – 4, PARCEL – 1.2
2007
APPRAISED VALUE - $3,015,000
2008
APPRAISED VALUE - $3,015,000
VALUE
IN MR. ELLIS’ OPINION – NO VALUE GIVEN
PINE
HAVEN LIMITED PARTNERSHIP
DISTRICT
– CITY OF
2007
APPRAISED VALUE - $39,000 (VACANT LAND)
2008
APPRAISED VALUE - $2,017,000 NEW CONSTRUCTION
VALUE
IN MR. ELLIS’ OPINION – NO VALUE GIVEN
David Bunch, Certified General Appraiser, appeared before the Board on behalf of Parks Limited Partnership, Hamlets Limited Partnership and Pine Haven Limited Partnership to discuss the appraised value for the three properties. Mr. Bunch stated the only way to appraise the properties would be by income value approach. Mr. Bunch further stated the units were built using the Low Income Housing Tax Credit Program and the renter must qualify with a section eight certificate in order to rent a unit. Mr. Bunch went on to say the rent on these units were restricted for a period of thirty to forty years even if the property should sell.
John Perry, Cabell County Assessor’s Office, stated the guidelines were set by the State and the Assessor’s Office could not appraise by the income approach, they would have to appraise by the market value.
Larry Ellis, William Dotson and Charles Peoples also appeared before the Board regarding these three properties.
After a lengthy discussion, W. Scott Bias, Commissioner, moved to approve for the Board of Equalization and Review to meet Friday, February 22, 2008, at 9:00 a.m., in order to allow both sides time to discuss this matter and come to an agreement. Nancy Cartmill, Commissioner, seconded the motion and the vote was unanimous.
2:45 P.M. DESMOND
BYRNE, APPEARING
DISTRICT
–
2007
APPRAISED VALUE - $62,200
2008
APPRAISED VALUE - $62,200
VALUE
IN MR. BYRNE’S OPINION – NO VALUE GIVEN
TUESDAY, FEBRUARY 19, 2008
PAGE TEN
DISTRICT
–
2007
APPRAISED VALUE - $47,000
2008
APPRAISED VALUE - $57,200
VALUE
IN MR. BYRNE’S OPINION – NO VALUE GIVEN
Mr. Byrne stated he believed his property appraisal was too high because his property did not have water. Mr. Byrne further stated the appraisal value of his property had risen considerable last year and would like for the Board to consider a reduction in the appraised value of his property. Mr. Byrne also asked if his property was compared with property that had access to water.
Brent Williams, Cabell County Assessor’s Office, explained that one reason Mr. Byrne’s property had raised last year would be that every three years an appraiser from the Assessor’s Office must visit the property. Mr. Williams further stated the appraisal on the property was done by the sales comparison method and gave examples of several pieces of property that have sold in the area for the last couple of years. Mr. Williams stated some of the property that sold had access to water while others did not. Mr. Williams stated that Parcel-9 was considered woodlands.
Robert L. Bailey, President, told Mr. Byrne he would be notified by mail of the Board’s decision.
3:00 P.M. STEVEN
R. BROADWATER, APPEARING FOR:
VICTORY
PLACE LLC, 6330 RT 60 E., BARBOURSVILLE
BARBOURSVILLE
DISTRICT, MAP 8J, PARCEL 294.1
2007
BOE LOWERED APPRAISED VALUE TO $2,807,900
APPEALED TO
FINAL
ORDER BY JOHN L. CUMMINGS, JUDGE
CIVIL
ACTION NO: 07-C-0217
DATED
DECEMBER 7, 2007
APPRAISED
VALUE LOWERED TO $1,450,000
Steven R. Broadwater, Attorney
representing
John Perry, Cabell County Assessor’s Office, stated this was the same issue the Board had before with the previous taxpayer. Mr. Perry further stated he had called the State Tax Department and requested some direction and guidelines for the Assessor’s Office in these two matters.
Mr. Perry also stated the
Assessor’s Office was not aware of the court’s decision regarding
TUESDAY, FEBRUARY 19, 2008
PAGE ELEVEN
Robert L. Bailey, President, stated this matter would be held over until Friday, February 22, 2008, at 9:00 p.m., in order for the Assessor’s Office to receive guidelines from the State Tax Department.
CLARIFICATION OF ACTION TAKEN ON FEBRUARY 12, 2008 BOE
FLINT
GROUP PIGMENTS (BPS PRINTING LLC)
DISTRICT
– GIDEON, MAP – 20, PARCEL – 98.1
2007
APPRAISED VALUE - $111,800
NOTE: VALUE IS
BUILDINGS
CHARGED TO BASF (RELEASE & NEW
TICKET
MADE FOR 2007 TO CORRECT 2007
VALUE
– $2,297,800
2008
VALUE - $3,715,400
ACTION
BOE FEBRUARY 12, 2008 - APPRAISED
VALUE
LOWERED TO $3,164,000
DISTRICT
– GIDEON, MAP – 20, PARCEL – 43
2008
APPRAISED VALUE - $631,800
DISTRICT
– GIDEON, MAP – 20, PARCEL – 45
2008
APPRAISED VALUE - $570,200
DISTRICT
– GIDEON, MAP – 20, PARCEL – 91
2008
APPRAISED VALUE - $23,200
DISTRICT
– GIDEON, MAP – 20, PARCEL – 210
2008
APPRAISED VALUE - $2,400
John Perry, Cabell County Assessor’s Office, requested the Board clarify action taken at the February 12, 2008, Board of Equalization and Review regarding the BPS Printing System. Mr. Perry stated there were five pieces of property considered.
Nancy Cartmill, Commissioner, moved to leave the four other properties located in Gideon District, Map 20, Parcel 43-$631,800, Parcel 45-$570,000, Parcel 91-$23,200 and Parcel 210-$2,400 as appraised by the Assessor. W. Scott Bias, Commissioner, seconded the motion and the vote was unanimous.
W. Scott Bias, Commissioner, moved to approve leaving the appraised
value of property owned by Desmond Byrne, located on
TUESDAY, FEBRUARY 19, 2008
PAGE TWELVE
Robert L. Bailey, President,
recessed the meeting at 3:45 p.m., until Friday, February 22, 2008, at 9:00
a.m.
BOARD OF EQUALIZATION AND REVIEW
FRIDAY, FEBRUARY 22, 2008
PRESENT: ROBERT L.
BAILEY, PRESIDENT
NANCY
CARTMILL, COMMISSIONER
W.
SCOTT BIAS, COMMISSIONER
SHARON
ROSS, ASSISTANT
FOR
BILLABLES AND PAYABLES
Robert L. Bailey, President, reconvened the meeting of the Board of Equalization and Review at 9:00 a.m.
APPROVE: CORRECTIONS
OF APPRAISAL OR ASSESSMENT ON
REAL,
PERSONAL, AND BUSINESS PROPERTY
W. Scott Bias, Commissioner, moved to approve corrections of appraisal
or assessment on real, personal and business property. Nancy Cartmill, Commissioner, seconded
the motion and the vote was unanimous. Exhibit (F)
08-022-BOE01 – LARRY ELLIS, APPEARING FOR:
PARKS LIMITED
PARTNERSHIP (PARKVIEW LP)
DISTRICT –
KYLE, MAP 55, PARCEL – 346
2007
APPRAISED VALUE - $2,952,100
2008
APPRAISED VALUE - $2,952,100
VALUE IN
MR. ELLIS’ OPINION - $750,000
HAMLETS
LIMITED PARTNERSHIP
DISTRICT –
GUYANDOTTE, MAP – 4, PARCEL – 1.2
2007
APPRAISED VALUE - $3,015,000
2008
APPRAISED VALUE – 3,015,000
VALUE IN
MR. ELLIS’ OPINION - $900,000
PINE HAVEN
LIMITED PARTNERSHIP
DISTRICT –
CITY OF
2007
APPRAISED VALUE - $39,000 (VACANT LAND)
2008
APPRAISED VALUE - $2,017,000 (NEW CONSTRUCTION)
VALUE IN
MR. ELLIS’ OPINION - $500,000
FRIDAY, FEBRUARY 22, 2008
PAGE THIRTEEN
Larry Ellis, Vice President and Management Agent for the Housing Development Corporation, stated letters were sent to the State Tax Department regarding the properties in hopes an agreement could be made on these properties, however, it would seem the Assessor’s hands would by tied, by the state, in lowering the appraised value. Mr. Ellis further stated that he reviewed the figures on the properties and believed they could pay property tax of $25,000.00 per property on the Hamlets and Parks properties and $20,000.00 for Pine Haven. Mr. Ellis said he was not sure what the assessed value would be on these properties.
Jon Wheeler, Cabell County Assessor’s Office, informed the Board the appraised value on the properties would be approximately $1 million on Pine Haven and $1.2 million to 1.3 million for the Hamlets and Parks.
Mr. Wheeler stated the Assessor’s Office had requested guidelines from the State Tax Legal Department regarding the properties and they were told they could use the market median rent approach as a check. Mr. Wheeler further stated that by using the market rent approach, they were close to what the properties were appraised by the Assessor.
Mr. Ellis explained how the Tax Credit Program worked to the Board.
Jerry Hutchinson, Cabell County Assessor’s Office, stated the state Tax Department informed the Assessor’s Office they had appraised the properties correctly and how the buildings were financed did not enter into the appraised value.
Nancy Cartmill, Commissioner, moved to leave the appraised value on Parks Limited Partnership, 100 Parks Circle, Huntington, Kyle District, Map 55, Parcel 346 at the 2008 appraised value of $2,952,100; Hamlets Limited Partnership, 112 Hamlet Lane, Huntington, Guyandotte District, Map 4, Parcel 1.2 at the 2008 appraised value of $3,015,000 and Pine Haven Limited Partnership, 100 Pine Drive, Milton, City of Milton District, Map 10, Parcel 1.1 at the 2008 appraised value of $2,017,000 as provided by the Assessor and on information provided by the State Tax Department. W. Scott Bias, Commissioner, seconded the motion and the vote was unanimous.
08-02-22-BOE02 – STEVEN R. BROADWATER, APPEARING FOR:
VICTORY
PLACE LLC, 6330 RT. 60 E., BARBOURSVILLE
BARBOURSVILLE
DISTRICT, MAP 8J, PARCEL 294.1
2007 BOE
LOWERED APPRAISED VALUE TO $2,807,900
APPEALED
TO
FINAL
ORDER BY JOHN L. CUMMINGS, JUDGE
CIVIL
ACTION NO: 07-C-0217
DATED
DECEMBER 7, 2007
APPRAISED
VALUE LOWERED TO : $1,450,000
FRIDAY, FEBRUARY 22, 2008
PAGE FOURTEEN
Steven R. Broadwater, Attorney
for
Robert L. Bailey, President,
requested the record show that the Board of Equalization and Review lowered the
appraised value of
John Perry, Cabell County Assessor’s Office, stated this was the same situation as the previous property owner and the guidelines from the State Tax Department would apply. Mr. Perry further stated he had used the market rent approach and the appraised value would be $2,988,400 and the market rent approach came to $3,150,000.
Mr. Broadwater stated there also
was the problem of not being notified that the Assessor had raised the assessed
value for
Mr. Perry informed the Board that if the appraised value did not go up 9%, the tax payer did not have to be notified and since they were using the 2007 appraised value form the Board of Equalization, it had not gone over the 9%. Mr. Perry stated the Assessor’s Office was not aware of Judge Cummings’ decision until February 19, 2008.
Nancy Cartmill, Commissioner, moved to leave the appraised value of
There being no further business before the Board of Equalization and Review, the meeting was adjourned Sine Die, at 9:30 a.m.
______________________________________________
PRESIDENT, CABELL
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