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Street LID final assessment
Reprinting, for those who may have missed it: Here is a link to the spreadsheet showing the recommended Street LID charge for every Ocean Shores property. (Huge file, takes a while to download.) The date on the document, listed several times, is “Aug. 1, 2010.” It was not released to the public until Aug. 17.
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on Friday, August 27th, 2010 at 1:51 pm and is filed under North Coast News.
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Read the cover letter he gave us. It says he used the County information. What other voodoo math he used is the thing people are questioning. I wonder if he used bones and chicken blood to get these results.
I have no problem with the county assessments and I know they will be re-doing them. My problem is with the person who did the lid assessments LOL!
Remember that assessments from the county are based on 2007 prices and assessed in 2008. Therefore, if you bought it anytime between then and now they still use 2008 assessment values. Come 2011 they will use 2010 prices to assess properties for the 2012 taxes. The LID 2007 assessment data was done by the same consultant as the 2010 calculations for the LID. However, those that have looked at it are still trying to figure out the methology or formula to understand what he was doing. As you have found, it is all over the place. Just looking at lot values makes you then question what he did with improved properties. Sometimes the improvements are valued equal to the county values, sometimes more, sometimes less. Really interesting study.
Those are both bare land lots by the way…
I would like to know how they came up with the land value assessment, it seems to depend on which lot as to how closely it matches what GHC tax assessment is…I’m gathering my facts in printed form for the protest, boy do I have good ammunition. Also, does anyone know (since we weren’t involved in the original process) who provided the amounts for the original estimates? As far as how closely the assessment matches the county….whoooo hah! Big differences there…all over the board. Even to what was paid in the last two years for these lots, anyway, as far as ours and our friends amounts are…it makes no sense to me. They list our lots assessment pretty close to the county’s, but our friends lot is listed at about 1/3 of what the county assesses it for and less than half what our friends paid for it two years ago, while our is again, close to what we paid less than two years ago….so if they are going by comps….that doesn’t make sense either!
Every lot is assessed based upon the land value. However, the report shows the total value. If you look at the report you will see the valuation of the lot next door and also the assessment to the right. Unless your neighbor has two lots that were combined with the county as a BLA, your assessment should be the same. It is interesting that on some streets I have seen the assessment be the same for lots that vary up to 2000 square feet. I also have seen the ratios of land to improvements ratios vary from property to property when compared to the county assessment. If you take your before roads value and subtract the land value they gave your neighbor with the empty lot you will see the improvements value they have figured out. Look at it and see what it compares to the County Assessor values. Yes, they are lower, but are they the same ratio. Look at some neighbors with improvements too. The magical formulas still are a big question here.
is this number just the land or does it include buildings? if the vacant lot next door gets assessed to pay $3000.00 am i assessed at vacant land rate($3000.00) or is the property owner assessed at my rate? not to be assumed as gramatically correct.
Read it and weep!!! There goes the trip to Disneyland!!