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Findinp of Fact for Petition 2022
<br />The.Peptionmis Agent, attend W -tile hearing via telephone. Barbara IVlinyard was present via
<br />tolephorie representing the Property Appraisers office.
<br />The subject is located on.4 lake and is a 3 bedrooM/2 bath home in the Rainbow Lakes sub
<br />built subject was
<br />built in 1977 and has 2,538 square feet of adjustedviiding area. The .subjects lot sire is 7,150 a feet. The subject
<br />has.a 2 garage and dock: The subject is in aveer�agge condition and has been
<br />purchased.oaa 9/7.2/21 for $479,600 as a qualified 6010 and was listed on the iv1L in the p he. subject was
<br />The PropertyApiserprovided the })toward Counfy'PropertyAppaiset's certification evidence, Subjects .
<br />Mord card,'SpbJects MLS, Subjects exterior photos, Aerials of subject,; of 5 c J lPo
<br />location magg: Property record cards and MLS for all con comparable ail Comparable
<br />County resideial time trend, DR -493,193:011 r ll comparable sales, X021 , Tied subdivision sales, Hrovaard
<br />Department. of Revenue's guidance on time trend analysis,,
<br />Florida Statutes and mise. information. The Special Magistrate ftdo the ProperiyAppraisers evidence admissible,
<br />relevant and credible.
<br />The Proporty-Appraiser provided as rebuttal evidence the Petitioner's Broward ` ed sales
<br />oompamble sales with vmpro report 2022 with 8
<br />Property Appraiser s comments and Petitioners comparable location with data for 8
<br />credible...
<br />� gamble sales. The Special Magistrate finds the Property�Appraisers rebuttal evidence AAQrssible, recant and
<br />The. Property Appraiser utilized 5 comparable sales in the
<br />The comparables form an adjusted purchase price range between $514,131 $54�131zto $579,829.p
<br />79 82g moble #3 xs: the subjects sate:
<br />The Petitioner provided as evidence the Sub'eets property record card, Zillow printout for subject, S_ 'ects.MLS,
<br />Zillovv Printout for 1$81 NW 84 Avenue, Z'ow printout fbr 8640 NW 17 Co* Ziliow printout for0 SW 99
<br />Avenue, 2:illow printout for 10261 SW 13 Street, Exterior photos of subject, Monthlymarket
<br />Single P'amily Homes $toward Coun��B
<br />dig-1eiMber 2021
<br />mblls�imapwithparaesaes,Bxowardimproved
<br />ales report 2U22 with 1comparable roward improvesl solos
<br />11dagistrate finds the Peittioner's ort
<br />evidence is admissible, credible and levaal# 2 with 8 comparal}le salee. The Special
<br />The Petitioner provided as rebuttal evidence a list of sold . eties from
<br />subject$ pairing code. The Special Magistrate finds the Pet._
<br />errs rebuttal January ce is admissib e, credible and .2021 to March, 14,2022 in �e
<br />relevant. .
<br />The Petitioner provided 8 comparable sales. The comparables were located outside the subjects section except fbr the
<br />cunt.�parabk located at. 9440. NW 23 Street, which was the subjects sale! The sales prices form a range between
<br />$405,000 to $530,000.
<br />The Property Appraiser's time adjustment of 1.8%per month is excessive. The Pro
<br />evidence showing how she arrived at the 1.8% time Property Appraiser did not provide: any
<br />only provided DOR trainin . an fiime adjustment for the subjects pain. ng code. The Propel Appraiser
<br />g adjustments and a Broward County residential time. trend The BrQward t
<br />residential !time tmud.is fot all of Broward County and not for the subjects market area or _icing code, The Pete
<br />provided a list of sales four the year in the subjects . g pa
<br />Y , J pairin code; but thef is rust. encu inf
<br />adjustment, The Special Magistrate domed the time mases s to determine a time
<br />aciJustment from the �yAppt'aiser's sales,
<br />The Property Appraiser provided the DR -493, which indicates as 14°!a cost of sale for the subjects use code. The
<br />Petitioner did not provide any testimony or evidence regarding !the cast of sale and the DR -493.
<br />In Conclusion, the beat indicator of value is the subject's sale. The subject closed on 9/22/2021 for ?5!,600 olid was
<br />an arms length transaction.
<br />By utilizin the sul{jacts sales price of $479 600 plus a time.
<br />)resent cash value-. for the subject is $508,4010. p adjust�ent af$2$,800; the Special 1Vlagstirate`s revised
<br />rhe Property A ,
<br />P rty .praiser did not tale into consideration F.S. 193.011(1) . which is the present cash value of tate property,
<br />which is.the amounta Willingp Y g }
<br />n cash or a immediate purchaser would a a willin seller, exclusive of regia d ni a fees. and costs ofpurchase,
<br />equivalent thereof in a tt�saction.at arias length.
<br />2022 -OW -57-
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