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Contested Ventura County valuation hearing: assessor defends $1.23M sales enrollment; Fritz disputes effective cash transferred
Summary
In a full evidentiary hearing, applicant Mark Fritz challenged the assessor's enrollment of a March 25, 2024 purchase price of $1,230,000, arguing seller credits and undisclosed repairs reduced the effective cash transferred; the assessor submitted a comparable‑sales grid and said the sales price falls within the adjusted market range. The hearing was closed and taken under submission.
An evidentiary hearing on application 2410366 (Mark Fritz) was held before Hearing Officer Deborah Cohen after the docket cleared procedural matters. The applicant and the Ventura County Assessor’s Office presented competing valuations; the hearing was then closed for a written decision.
What the applicant said: Mark Fritz challenged the assessor’s use of the $1,230,000 purchase price as the presumption of full cash value. He presented closing documents and post‑closing repair invoices and argued the buyer effectively paid less than the listed sales price because of seller credits (a $1,150 credit for repairs cited in the closing paperwork) and undisclosed repair costs the buyer later incurred (he submitted receipts). Fritz also presented an alternative calculation and a sensitivity analysis based on different comparable selections and a different sizing/indexing method,…
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