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Board continues Myers Storage assessment appeal to April 21; orders written submissions by April 17
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Summary
The Board of Supervisors, acting as the Board of Equalization, continued the assessment appeal for Myers Storage (34584A North Main Street, Kelseyville) and set a schedule for written submissions; the assessor presented income, cost, and comparable valuations, and the property owner reiterated that the 2023 purchase price ($700,000) best reflects market value.
The Lake County Board, sitting as the Board of Equalization on April 7, continued the assessment appeal for Myers Storage LLC (application 15-2024) and set the matter for deliberations in open session on April 21, 2026. The board also directed both parties to file any written arguments with the clerk of the board by close of business April 17.
Assistant Assessor–Recorder staff presented valuation work for 34584A North Main Street, Kelseyville, showing a range of values depending on method: income approach $1,210,000; cost approach $913,000; comparable-sales approach $1,440,000; full-cash equivalence $1,058,000. The assessor explained adjustments and said the purchase price of $700,000 was a seller-financed transaction and not an arm’s-length, listed market sale in the assessor’s view.
The appellant, Joe (speaker 40), told the board his family bought the property for $700,000 in September 2023, described investments made in foundations and buildings by the prior owner, and argued that the sale was negotiated between unrelated parties under normal commercial terms and therefore reflects market value. He said the county’s enrolled value (initially reported to appear as $4,500,000) had been revised during staff review and that he had submitted exhibits supporting the purchase-price argument.
After presentations, board members noted the volume of evidence and preferred to review documents before deliberating. The assessor agreed staff would defend the approaches but also acknowledged the parties had submitted additional documentary materials. The board’s continuance motion included an option for the parties to submit final written arguments; the motion carried 5–0.
The record shows the assessor requested but did not receive all financing documentation from the appellant during initial review; the appellant declined to provide some tenant agreements citing tenant confidentiality. Both sides lodged exhibit binders with the clerk and were directed to exchange final written arguments as set out above.
