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Taking the land value of$219,300 and an existing structure value of$300,000 returns a value of <br /> $519,300 for the subject. <br /> The subject was purchased for$800,000 with a non-habitable structure. Original purchase price was <br /> $1,000,000 and reduced to$800,000 per PET prior agreement if the dwelling could not be habitable. <br /> The value of$519,300 is more than sufficient to cover the 15%cos(cost of sale) adjustments(approx <br /> 35%from purchase price).This value is based on the land and structure maintaining AG usage.Any <br /> changes to the parcel would warrant modifications to the assessment. <br /> The subject Just/Market value prior to the hearing of$642,618 is higher than the data shows indicating <br /> a revision is warranted. <br /> In conclusion, it is the magistrate's opinion that the PAO sales, PET cost analysis and additional evidence <br /> provided sufficient credible data to determine a supported Just value for the subject. Factoring all the <br /> evidence provided,$519,300 is a supported Just Value for the subject. The PET request for a value <br /> revision is approved based on the evidence presented. <br /> - 81 - <br />