Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Multifamily Assessment topic
No spam. Unsubscribe anytime.
Board reduces assessment for 1917 Madera after owner presents local sales and condition evidence
Summary
After the owner of 1917 Madera presented local multifamily sales and new condition information (roof and water intrusion), the Board of Review adjusted the 2025 assessment to $972,000, citing comparables and the newly disclosed condition evidence.
Property owners for 1917 Madera presented new information about persistent roof and basement water intrusion and cited nearby sales of multiple‑unit properties to justify a lower assessed value. The owner reported 12 units and said capital repairs would be required.
Assessor Laurie Swornen reviewed the new information and local Madera‑area sales; she told the board that had the condition been known before the roll closed it might have affected the assessment. The owner's sales‑based analysis and the assessor's supplemental Madera comparables aligned on a lower per‑unit price for that micromarket.
After deliberation, the board voted to change the assessment for 1917 Madera to a total value of $972,000 (land $134,900; improvements $837,100), finding the owner had presented sufficient evidence to rebut the presumption of correctness for that parcel and ordering the roll adjusted accordingly.
