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Board Member Karen Disney-Brombach asked the petitioner if they had their <br /> house appraised, and Mr. Zarzycki said they could not afford it. Mrs. Zarzycki said she <br /> has a lot of collectibles in her house and that was why her homeowner' s insurance was <br /> so high. Mrs. Brombach told Mrs. Zarzycki if they are asking the Board to cut their tax <br /> bill in half, the cost of an appraiser would be a small investment. The reasons that they <br /> could overturn this would have to be that the petitioner could prove to the Board that the <br /> property appraiser did not do his job correctly. <br /> Mrs. Zarzycki continued to argue her position. <br /> Attorney Collins tried to translate the figures presented stating that the Property <br /> Appraiser has it valued at $2,065,000.00, and the petitioner says it is worth <br /> $1,387,388.00. If you fix the land value at $42,500.00, that is $845,750.00. If you <br /> subtract the land value of each house you get a home value under the Property Appraiser <br /> $1,209,000.00, and the petitioner's value $542,000; divide the square footage of the <br /> house into the home value, the Property Appraiser's method comes to $200 a square foot, <br /> and the petitioner's method comes out to $90 a square foot. <br /> Chairman Wheeler said they would have to determine that the Appraiser was <br /> acting arbitrarily and he did not see that. <br /> Commissioner O'Bryan said he would argue that there is some presumption of <br /> arbitrariness on this assessment. Based on other assessments on that street it is 100% <br /> higher than any other assessment on that street. <br /> A lengthy discussion continued between the Commissioners and the Property <br /> Appraisers regarding comparable sales. <br /> Commissioner Davis described his method of deductive reasoning or logic to <br /> determine an assessment. He said Attorney Collins' comments had more bearing on his <br /> decision than what he heard, and he could not support the Motion. <br /> Value Adjustment Board <br /> 04-02-2007 - 6 - <br />