08/16/2017 VAB - Laserfiche WebLink

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Fin d--i—ngs of Fact: The Petitioner, . I Smith, did not attend the hearing. The Petitioner checked the box on the Petition stating he would not be attending the hearing, but would like his evidence considered. Anthony MacKenzie was present at the hearing representing the Property Appraisers office. The subject is a 2 bedroom 2 bath home with 799 of adjusted building square footage. The lot size is 6,250 square feet. The house was built in 1939. The house was renovated in 2002. The house sold in October 2015 for $252,500 and was a qualified sale. The Property Appraiser provided the subjects property record card, Exterior photos, Aerial photos, Aerial map of subject and comparable sales, MLS for subject with property history and photos, Summary of Comparables, MLS on comparable sales with photos and Property cards of the Petitioners comparable sales. The Special Magistrate finds the Property Appraisers evidence admissible, relevant and credible. The Property Appraiser utilized 3 comparable sales. The 3 sales form an adjusted range of $292.92 to $316.02 per square foot. Comparable #3 was the subjects sale. The Petitioner provided a list of 5 comparables with addresses, sales prices, tax values, living square footages and bed/bath count. The list indicated median taxable values, low tax value and high tax values utilizing the 5 comparables. Also provided was a letter by Zach Smith, Subject property details with photos, Map of 4 comparables with summary, Grid of 4 comparable sales, Price and Market trends and Market activity. The Special Magistrate finds the Petitioners evidence is admissible, credible and partially relevant. The Petitioner provided the following sales: 305 SW 10 St., Ft. Lauderdale, Fl.- Sold for $227,000 on 7/2015. This was the Property Appraiser Sale #1. 1242 SW 4 Ave., Ft. Lauderdale, Fl.- Sold for $145,000 on 6/2015. This was a disqualified sale. 701 SW 17 St., Ft. Lauderdale, Fl: Sold for $2405000 on 7/2004. This sale is too old to utilize for the 2016 assessment. 713 SW 12 Ave., Ft. Lauderdale, Fl.- Sold for $252,000 on 9/2016. This is a 2016 sale. This sale took place after the January 1, 2016 assessment date and cannot be utilized for the 2016 assessment. 711 SW 11 St., Ft. Lauderdale, Fl.- Sold for $205,000 on 9/2016. This is a 2016 sale. This sale took place after the January 1, 2016 assessment date and cannot be utilized for the 2016 assessment In conclusion, the Property Appraiser's comparables adjusted price per square foot ranged ftom $292.92 to $316.02. The Property Appraiser utilized the subjects sale that occurred on 10/2015 for $252,500, which sold. for $316.02 per square foot. The subjects sale is the best comparable for indicating value and should be given the most weight. The property appraiser utilized $254.42 RD per square foot for the subjects just/market -61-