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Assessment appeals board sustains assessor’s value after applicant fails to meet burden on Thousand Oaks sale
Summary
In a contested appeal over the enrolled purchase price for 1960 Cans Drive, Thousand Oaks (APN 570-0-423-045), the board found the applicant did not meet the burden of production and sustained the assessor’s value; the case’s second phase (market value as of 1/1/2024) was continued to April 20, 2026.
The Ventura County Assessment Appeals Board No. 1 heard Item 25 (application 24-10402) on Feb. 9, 2026. Francis Corsolo, agent for the applicant, challenged the enrolled purchase price of a Thousand Oaks home at 1960 Cans Drive (APN 570-0-423-045), arguing the market value at transfer (Aug. 5, 2022) was lower than the recorded sale price of $1,505,000 and presenting a comparable-sales analysis that produced an adjusted estimate of $1,365,000.
Corsolo presented three exhibits including a bank-originated appraisal (exhibit 2) and his own…
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