Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Residential Valuation topic
No spam. Unsubscribe anytime.
Board upholds county assessment for Hollyhock trust property after taxpayer disputes per‑square‑foot comparables
Summary
Owner representative Yuri Careman argued the county overvalued his house by applying a $331 per‑square‑foot assessment while nearby comparables showed lower per‑square‑foot figures; the board accepted the county's market analysis and upheld the assessment.
Yuri (Yuri) Careman appeared for the Hollyhock 1 and Hollyhock 2 revocable trusts and disputed the county's assessed value on a single-family home in a neighborhood near Twin Lakes. He said the county's per-square-foot assessment exceeded neighborhood levels and offered three comparables within roughly 2.5 miles.
Careman cited the county's highest comparable price per square foot of $298 and said his home had been assessed at $331 per square foot: "my house was assessed at $331 per square foot." He calculated that, using nearby comparables, his home should appraise in the mid-$700,000s rather than the county's figure.
County appraisers said they used two neighborhood comps and added two additional, smaller comps to build a market analysis, applied square-footage adjustments and concluded a market value of about $827,700 (the county later presented $820,700 in deliberations). The appraiser described the subject and comps as "average" quality and said the sales used were the best available within the neighborhood and a roughly five-mile radius when necessary.
Board members questioned differences in square footage and school-district boundaries cited by the taxpayer. After discussion the board voted to accept the county's valuation. The board recorded a motion to uphold the county figure in deliberations.
Outcome and next steps: The board voted to uphold the county assessment. The taxpayer may pursue further review as allowed under county and state procedures.
