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Clark County board reduces assessed value for Askaia home after appeal
Summary
The Clark County Board of Equalization voted to lower the Marshall & Swift quality rating used to value a recent Askaia home, reducing the property's assessed value after testimony from the owner and a review by assessor staff.
The Clark County Board of Equalization on Feb. 13 voted to lower the quality rating used by assessors to value a newly completed house in the Ascaya community, reducing the property's assessed value after an appeal by the owner.
The change followed an hourlong hearing in which the homeowner, Timothy Colbert, argued the county's assessed value exceeded market comparables and the seller's own all-in construction cost. Assessors said the office's replacement-cost approach, using Marshall & Swift factors including wall height and other measured features, supported a higher value but that a lower quality class produced a figure closer to market evidence.
Colbert, who identified himself as the owner of 18 Sanctuary Peak and "the division president of D.R. Horton Homes, who is the general contractor of the property," told the board his all-in cost for…
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