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Thursday, May 1 6 th
- N. W ENATCHEE AREA, CYCLE 2
Chelan County Fire # 11
Deanna W alter, Chelan County Assessor
N. W ENATCHEE A REA , C YCLE 2 Chelan County Fire # 11 Deanna W - - PowerPoint PPT Presentation
N. W ENATCHEE A REA , C YCLE 2 Chelan County Fire # 11 Deanna W - - PowerPoint PPT Presentation
Thursday, May 1 6 th N. W ENATCHEE A REA , C YCLE 2 Chelan County Fire # 11 Deanna W alter, Chelan County Assessor Appraisal Process Market Trends Question & Answ er Deanna W alter, Chelan County Assessor Deanna W alter, Chelan
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- Appraisal Process
- Market Trends
- Question & Answ er
Deanna W alter, Chelan County Assessor
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Deanna W alter, Chelan County Assessor
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Cycle 4: Lake Chelan, Manson & Stehekin Next Inspection Year: 2020 Cycle 1: Stemilt Basin, S.Wenatchee, Monitor & Cashmere Next Inspection Year: 2021 Cycle 2: N.Wenatchee, Sunnyslope & Entiat Next Inspection Year: 2022 Cycle 3: Blewett Pass, Leavenworth, Plain & Lake Wenatchee Inspection Year: 2019
Our Appraisers physically inspect 1 / 4 th of the County every year ( Approx. 1 2 ,0 0 0 parcels)
Deanna W alter, Chelan County Assessor
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Value land as if vacant
Add any existing im provem ents ( structures) Sales Analysis ( Mass Appraisal)
Using standard cost m anuals w e “build” the existing structures
- n the property ( replacem ent
cost new m inus depreciation) Using land only sales. The first acre is alw ays the m ost valuable.
Com pare raw values to sale prices for m arket adjustm ents ( Mass Appraisal) . Sales from 2 0 1 7 are predom inately used to set the 2 0 1 8 assessed values ( 2 0 1 9 taxes) .
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- Fee ( Single) Appraisal:
– Uses comparable sales which are similar to the subject property. – Sales are identified that best represent the subject property.
- Mass ( Groups) Appraisal:
– Uses large quantities of sales to develop statistics from the data. – Results of analysis are applied to a group (neighborhood) as a market adjustment (percentage).
Deanna W alter, Chelan County Assessor
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- State law requires assessed values
reflect 100% of fair market value
- We can only use closed arm’s length
sales
- DOR restriction on what sales we
can/ cannot use for analysis (WAC 458-553-080)
– E.g. sale between relatives, bankruptcy, sheriff sales, tax deeds, gift deeds, forced sales, classified land under RCW 84.34, etc.)
Deanna W alter, Chelan County Assessor
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Deanna W alter, Chelan County Assessor
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Deanna W alter, Chelan County Assessor
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