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Board trims Yuma Mesa Storage valuation after contentious equalization hearing
Summary
After testimony from county appraisers and the property owner’s counsel, the Board of Equalization set the parcel’s full cash value at $15 million and applied the county’s 63% LPV ratio to produce the limited property value.
YUMA — The Yuma County Board of Equalization on Sept. 15 adjusted the valuation on a 24‑acre self‑storage facility after a contested petition and a lengthy hearing that touched on appraisal methods, ratio calculations and the assessor’s use of third‑party cost data.
The board set assessor’s parcel 696‑20‑001 (Yuma Mesa Storage LLC) at a full cash value of $15,000,000 and applied the county’s commercial ratio (63%) to determine a limited property value (approximately $9,000,400). The decision followed competing presentations by the county assessor and counsel for the property owner.
Why it mattered: The hearing focused on whether the assessor’s cost‑based valuation and the county’s ratio treatment of self‑storage properties produced an equitable tax burden. The petitioner argued that comparable data from Maricopa County and…
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