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Board Hears Detailed Dispute Over Vacancy, Vacancy Methodology at Switzer’s Locker Room Appeal
Summary
An appeal by Switzer’s Locker Room (BOE No. 122) focused on whether the assessor should use market vacancy estimates or the property’s actual vacancy (about 40.87%) after an expansion; the board will decide Friday.
Appellants and assessor staff sparred at length over vacancy and expense assumptions for a self‑storage property identified as Switzer’s Locker Room (BOE No. 122). The property representative said actual stabilized vacancy since a 2022 expansion is about 40.87% and that the agent’s income‑based valuation therefore produces a substantially lower market value than the assessor’s income analysis.
The appellant…
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