Laserfiche WebLink
Axia Web Home <br />Page 2 of 2 <br />The petitioner purchased the property in 2015 for $376,370 from the builder and had an appraisal done for <br />$380,000 in August of 2015 by a local real estate appraiser. The petitioner presented a summary of comparable <br />assessments to purchase prices along the same street as the Subject. These were all 2015 sales of new properties <br />that range from 77% to 810 of their purchase prices. The petitioner feels that he should be treated similar to <br />the properties within the sale street/neighborhood. <br />Magistrates Analysis and Findings of Facts: <br />From all indications the -PAO and petitioner agree on the market value of the property. The PAO concluded at <br />:$380,570 and the petitioner presented an appraisal for $380,000. In addition the property was purchased for <br />:$376,370 -in -2015. The-PAO then deducted 15% for the 8th criteria -to arrive at a just value of $323,.480. From all,- <br />`indieations this is well supported and standard appraisal practice. <br />- <br />However, it does appear clear that this property is slightly being assessed more compared that i:sneighbors. . <br />CONCLUSIONS OF LAW: <br />Property Appraiser established presumption of correctness and admitted evidence did not overcome PA's - <br />presumption of correctness: <br />:The Property Appraiser established a presumption of correctness through admitted evidence that proves by a <br />preponderance of the evidence that the Property Appraiser's just valuation methodology complies with Section <br />193.011, F.S., and professionally accepted appraisal practices, including mass appraisal standards, if <br />appropriate. <br />The Petitioner did not overcome the Property Appraiser's presumption of correctness because the admitted <br />evidence did not prove by a preponderance of the evidence that: .. <br />a. The Property Appraiser's just valuation does not represent just value; or <br />b. The Property Appraiser's just valuation is arbitrarily based on appraisal practices that are different from <br />::the appraisal practices generally applied by the Property Appraiser to comparable property within the same <br />'county. <br />Therefore, the petition should be denied. <br />Worksheet completed on 2/8/2017 11:00:34 AM by Terri Collins-Uster <br />https://vab.indian-river.org/Axia2016iUsers/Magistrate/Worksheet.aspx?s=xZyRNbejLbOnj... 6/2/20J�o _ <br />