BOE sustains assessor’s $1.05 million valuation for riverfront Milestone property

The Franklin County Board of Equalization on Dec. 11, 2025, sustained the assessor’s $1,046,100 valuation for the riverfront parcel owned by Richard and Carol Milestone.

An assessor’s representative told the board the parcel at 12829 Willetta Pasco is a 0.56‑acre riverfront lot with a 2,562‑square‑foot single‑story home and a 1,376‑square‑foot attached garage built in 2022, and that the assessor’s market analysis and fee appraisal support a true and fair market value of $1,046,100. The presenter said comparable improvements in Neighborhood 432 lacked riverfront access and that land — not the improvement values — explains the value differential.

Board members asked whether riverfront lots in other neighborhoods are valued by linear front footage and how the Army Corps of Engineers’ configuration affects comparability. The assessor explained that this riverfront neighborhood’s lots were marketed and sold as individual home‑site lots and therefore are valued per square foot in the assessor’s model; the presenter also noted one sale that was riverfront and priced higher than the subject. With no further questions, the board closed the hearing and later announced it would sustain the assessor’s valuation. A written decision will be issued within four weeks and is appealable to the State Board of Tax Appeals.

The assessor indicated the fee appraisal used at purchase (dated 02/14/2023) and neighborhood sales both support the assessed figure; the board read its decision sustaining the valuation during the session close.