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SPECIAL MAGISTRATE RECOMMENDED DECISION <br />VAB Petition Nos. 2016 <br />Date of Hearing: 1/23/17 <br />Basic and Underlying Facts <br />The subject of the hearing is the Tangible Personal Property (TPP) of various <br />locations within - County. The companies lease coin- <br />operated laundry equipment. The hearing was commenced and the witnesses were sworn. The Special <br />Magistrate gave a short overview of the rules of procedure, administrative issues and opening statement <br />necessary to conduct the hearing. <br />Property Appraiser: <br />The Property Appraiser (PA) indicated the Assessed Value for each of the 11 properties being petitioned. <br />The next issue is whether the PA established a presumption of correctness. The assessed values are as <br />follows: <br />Petition No. 2016 $� <br />Petition No. 2016 $� <br />Petition No. 2016 $Now <br />Petition No. 201.6 $N <br />Petition No. 20161 <br />Petition No. 2016 $400ma <br />Petition No. 2016 $amn <br />Petition No. 201641AM mum <br />Petition No. 2015: <br />Petition No. 2016 $� <br />Petition No. 2016 -SW $10M <br />The $25,000 exemption will be apportioned to each petition based on the percentage of the total amount. <br />The PA discussed how the assessment was prepared, consideration of the 8 factors, F.S. 193.011, use of <br />professional appraisal practices, applied valuation methods uniformly to. all comparable properties in <br />County, DOR/PBC guidelines and tables, mass appraisal process using the cost <br />approach, verification per statutory compliance and establish the Presumption of Correctness. The PA's <br />evidence gives an explanation of how each of the 8 factors was considered (quoted in total): <br />1. "Cash Value - It would appear based on, new construction of pipelines,: sales data from our <br />market research, and income indicators, that the present. cash value of properties, (an <br />assemblage of assets, actively operating in a fair rate of return themselves, or facilitating <br />other assets actively operating in a fair rate of return) is higher than the County <br />assessments. <br />2. Highest and best use - The highest and best use for this equipment is that for which is was <br />designed. The taxpayer's .return was accepted as reported for location, size and quantity of <br />said property. The condition was considered to.be good unless specifically listed otherwise. <br />Locations are periodically inspected to confirm all of the above as much as it is allowed or is <br />necessary. <br />3. Location - See No. 2. <br />-72- <br />