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Minutes of Board of Assessment Appeals, 03/10/2016

AGENDA: Board of Assessment Appeals

RECEIVED 03/15/2016 8:45am

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Minutes

Present:
Greg Stackpole, Chairman
Margi Esten
Liz Furrer, Alternate
Joanne Perlman, Alternate

Absent:
Rick Miller

The meeting was called to order at 4:06 p.m.
The purpose of the meeting was to hear appeals of property assessments for the 2015 Grand List.
The Board heard the following 11 appeals:

 

10 Mountain Laurel Lane

Total Assessment                                                                    $623,200

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $600,000

Appellant provided comparisons and appraisal of the property and reviewed the data with the Board members. Appellant indicated that various upgrades were needed on the residence.

 

417 Rock House Road

Total Assessment                                                                    $936,950

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $850,000

Agent for Appellant provided a retrospective appraisal of the property based on the revaluation date. The residence was purchased by the Appellant in September 2015.

 

19 Olmstead Road

Total Assessment                                                                    $190,200

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $255-270,000

Appellant provided comparisons of sales in the area.   The property was purchased in June 2013 for $255,000; it is a 0.12 acre lot and residence of 1,000 square feet. Mr. Stackpole asked if there had been any renovations to the property since purchase and the Appellant indicated there have not been any renovations.

 

183 Old Redding Road – personal property

Total Assessment                                                                    $4,380

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $2,241

Appellant indicates she works from home and showed photographs to the Board of the furnishings of the office space. Mr. Stackpole requested a copy of the tax return showing an itemization. Appellant stated she did not file the 2014 personal property declaration but recently submitted the 2015 declaration.

 

44 Putnam Park Road – MV supplemental

Total Assessment                                                                    $5,089

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $1,250

Appellant indicates that the assessment is too high on the vehicle, 2005 Prius, 289,000 miles. Appellant provided photos of the condition of the vehicle to the Board.

 

10 Rockledge Road

Total Assessment                                                                    $591,600

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $413,300

Appellant indicated that he wished to have field card adjusted to have deceased note removed and indicate new home construction complete.

 

96 Topstone Road

Total Assessment                                                                    $1,450,600

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $1,575,000

Appellant indicates the purchase price was $2,650,000 in 2004. Appellant provided comparisons and an appraisal from 2012 which stated a value of $1,575,000.

 

77 Wayside Lane

Total Assessment                                                                    $629,400

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $535,000

Appellant provided comparisons and a retrospective appraisal of the property stating a value of $525,000.

 

36 Mountain Road

Total Assessment                                                                    $157,300

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $145,000

40 Mountain Road

Total Assessment                                                                    $185,900

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $155,000

Appellant indicates there are physical restrictions on the lots, including a private unfinished road with no power. 36 Mountain Road is a flat lot and has buildable appeal. 40 Mountain Road is the rear lot and is 1200 feet from the road and a 700 foot common driveway and is primarily consists of ledge.

 

34 Black Rock Turnpike

Total Assessment                                                                    $364,100

Appellant’s Opinion of Fair Market Value on October 1, 2012                     $490,100

Appellant purchased home in August 2015 and indicated the previous owner had the Assessor do a site visit which created an adjustment to the assessment. After necessary work was completed, the Assessor raised the assessment. The Appellant requests that the value of the house was not increased by the work done September 2015. Appellant provided photographs of the property to the Board. The Board members confirmed with the homeowners that there is 4 bedrooms, 3.5 baths, pull-down attic, garage and full basement.

The Board will hear 3 scheduled appeals and deliberate on Saturday, March 12, 2016 at 9:00 am.

A motion to adjourn was made, seconded and carried unanimously at 7:00 p.m.

Submitted by klg, 3/14/16

Minutes not approved by BAA.