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Board upholds assessor values on multiple fourplexes after appellant cites inconsistent comps
Summary
An appellant said fourplex values rose about 19% year over year and challenged the assessors comparables; the Board of Equalization reviewed assessor comparables and upheld the values for all parcels discussed.
The Bannock County Board of Equalization on Wednesday upheld assessed values for multiple fourplex properties after an owner questioned the comparables used in mass appraisal.
Derek Lehi, the appellant, said his set of four fourplexes showed roughly a 19% increase from 2023 to 2024 assessments and that some of the 2024 comparables used by the assessor did not match his buildings age, condition or amenities. Lehi told the board he had three 2024 comps and two 2025 sales he believes are closer matches (210 W. Chubbuck Road and 2420 E. Terry) and asked the board to reconsider the valuations.
Cammy Brown, a residential appraiser with the assessors office, explained the offices comparable selection and mass-appraisal process. Brown said the assessors team used multiple comparables, noted there were 15 fourplex sales in the past year (exceeding the five required for mass appraisal), and said when price-per-square-foot comparisons are applied the subject property was close to other sales. Brown also said the Dillon Street sale the appellant cited had been correctly treated as two fourplexes in the offices allocation and therefore handled appropriately as comparables.
After brief discussion, a commissioner moved to uphold the assessors values on the parcels the appellant raised; the board approved the motion by voice vote and advised the appellant of appeal rights to district court or the Idaho State Board of Tax Appeals. The chair said the decision would be communicated in writing.
Appellant and assessor remarks in the hearing record focused on the selection and adjustment of comparables, effective year of improvements, and the limits that nondisclosure of some sales places on local sales data.
