The subject is a one story home built in 1950 in the Fairfax Station subdivision in Fairfax. It is vinyl with stone exterior wall, Average + 10 grade home sited on a 1.7022 acre lot.
The appellant filed on the basis of error in property description, submitting three comparable homes to illustrate that the subject is undervalued compared to similar homes in the neighborhood. The appellant claimed that the subject property is unique (Custom) home and requested an increase in its current assessed value from $505,870 to $703,000.
Owner supplied uniformity comparable homes are relatively superior to the subject in terms of size of above grade living area, quality grade, and age. Therefore, the subject’s assessed value cannot be reasonably compared to the comparable homes supplied by the owner. In order to determine whether assessed value is considered equitable or not, most weight is given to the comparable homes which are listed in the County sales and uniformity comparable grid. …show more content…
As a result, the following changes were made to the subject’s data:
- Changed the interior condition (CDU) from Average to Good,
- Changed the basement recreation room size from 276 sq. ft. to 495 sq. ft.,
- Changed full bathroom from two to three,
- Added one fireplace,
- Added one basement bed room or a den, and
- Added two barns at 144 sq. ft. and 294 sq. ft.
Based on the above data changes and considering subject’s lower improvement to cost ratio as compared to similar homes (see County sales and uniformity gird), the subject’s 2016 assessed value has increased from $505,870 to $556,960.
The County sales and uniformity comp grid has been included to demonstrate that the subject’s revised 2016 assessed value is within the range of market value and equitable to similar properties in the
The appellant filed on the basis of error in property description, submitting three comparable homes to illustrate that the subject is undervalued compared to similar homes in the neighborhood. The appellant claimed that the subject property is unique (Custom) home and requested an increase in its current assessed value from $505,870 to $703,000.
Owner supplied uniformity comparable homes are relatively superior to the subject in terms of size of above grade living area, quality grade, and age. Therefore, the subject’s assessed value cannot be reasonably compared to the comparable homes supplied by the owner. In order to determine whether assessed value is considered equitable or not, most weight is given to the comparable homes which are listed in the County sales and uniformity comparable grid. …show more content…
As a result, the following changes were made to the subject’s data:
- Changed the interior condition (CDU) from Average to Good,
- Changed the basement recreation room size from 276 sq. ft. to 495 sq. ft.,
- Changed full bathroom from two to three,
- Added one fireplace,
- Added one basement bed room or a den, and
- Added two barns at 144 sq. ft. and 294 sq. ft.
Based on the above data changes and considering subject’s lower improvement to cost ratio as compared to similar homes (see County sales and uniformity gird), the subject’s 2016 assessed value has increased from $505,870 to $556,960.
The County sales and uniformity comp grid has been included to demonstrate that the subject’s revised 2016 assessed value is within the range of market value and equitable to similar properties in the