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Board lowers construction grade for 417 Highland LLC, reducing assessed value
Summary
The board changed 417 Highland LLC's construction grade from B+ to C for 137 Falcon Crest Rd (owner Marcos de Escobar), setting Market Value $866,700 and Assessed Value $606,690.
At the April 25 meeting the board reviewed documentation for 417 Highland LLC (owner Marcos de Escobar) related to construction grade and condition. After reviewing the appellant's information the board concluded the correct construction grade should be C rather than B+, and set the property’s Market Value at $866,700 (Assessed $606,690). The motion to adopt the new grade and values carried unanimously.
The minutes note the change resulted from information presented by the appellant; the board recorded the updated values and directed the assessor’s office to apply the adjustment to the assessment roll.
