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08/16/2023 VAB
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08/16/2023 VAB
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Last modified
8/17/2023 10:00:37 AM
Creation date
8/17/2023 9:25:35 AM
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Meetings
Meeting Type
Value Adjustment Board
Document Type
Agenda Packet
Meeting Date
08/16/2023
Meeting Body
Value Adjustment Board
Subject
Value Adjustment Board (VAB) Organizational Meeting
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DR493 is $146,115. With the inclusion of the PAO 4th sale (which has a premium pond view) the four <br />average $161,625, minus the 15% cos is $137,301. i„ <br />The PAO provided a reduction to the structure assessment as noted earlier which is satisfactory for the <br />condition noted in the evidence provided by the PET. <br />In conclusion, it is the magistrate's opinion that the PAO estimate of value with the temporary reduction <br />applied is adequately supported and the PET failed to overcome the evidence presented by the PAO <br />based on all the data presented. Factoring all the evidence provided the Just/Market Value of $135,620 <br />for the subject is supported. The PET request for a lower valuation is denied based on the evidence <br />presented. <br />-92- <br />
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