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Chairman Adams referred to Petition 2016-046 and asked VAB Attorney Napier if <br />she had anything to add and whether the Petitioner was afforded the same process <br />as the previous Petitioner. VAB Attorney Napier affirmed that the Petitioner was <br />afforded the same process as Mr. and Mrs. Brenner and that the Board had the <br />authority to rely on its Special Magistrate's Recommendation and the VAB <br />Attorney's review of the recommendation for legal sufficiency. <br />Petitioner Robert Abel stated that he lived in a fairly new subdivision with his house <br />being the smallest and the least square footage than of all the homes in the <br />community. He pointed out that he was assessed at 86 percent of his purchase price, <br />whereas the other homes were assessed between 77 and 81 percent of their purchase <br />price. <br />Mr. Abel told the Board that he went through the VAB process and in the Special <br />Magistrate Recommendations, under Findings of Fact it stated, "However it <br />appears that this property is slightly being assessed more compared to that of his <br />neighbors" and he felt that this supported his argument. <br />George Clarke with the PAO explained that the value determined by the PAO was <br />$56,000 less than Mr. Abel's submitted appraisal and both the PAO and the <br />Petitioner's submitted comparables supported the PAO's value. <br />A discussion ensued on the homes located on the same street as Mr. Abel's house <br />that were larger, but the assessed value was lower. Mr. Abel wanted to be in line <br />with those homes on his assessment. <br />School Board Member Searcy questioned PAO Manager Goodwyn on the rule that <br />caps 3% per year maximum increase for assessed value. <br />PAO Manager Goodwyn explained that the 3% cap per year was based on the <br />property being homesteaded; the assessed value becomes capped at a maximum of <br />3% per year unless there is an addition to the property. He pointed out that Mr. <br />Abel just stated one of the fallacies or problems with mass appraisal. <br />ON MOTION by Vice Chairman Solari, SECONDED by <br />School Board Member Searcy, the Board unanimously <br />accepted the Special Magistrates' recommended decision for <br />Petition 2016-046. <br />Value Adjustment Board Page 5 <br />2016 Tax Cycle Final Meeting <br />