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Wednesday,M ay16th
CASHM ERE AREA,CYCLE 1
CashmereMiddleS chool
DeannaWalter,ChelanCountyAssessor
ChelanCounty
Our Appraisers physically inspect 1/ 4th of the County every - - PowerPoint PPT Presentation
Our Appraisers physically inspect 1/ 4th of the County every - - PowerPoint PPT Presentation
Chelan County Wednesday, M ay 16th C ASHM ERE A REA , C YCLE 1 Cashmere Middle S chool Deanna Walter, Chelan County Assessor Appraisal Process How It Works M arket Trends
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- AppraisalProcess
- HowItWorks
- M arketTrends
- Question&Answer
DeannaWalter,ChelanCountyAssessor
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DeannaWalter,ChelanCountyAssessor
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Cycle4: LakeChelan, M anson& Stehekin NextInspection Year:2020 Cycle1: StemiltBasin,S. Wenatchee, M onitor& Cashmere NextInspection Year:2021 Cycle2: N.Wenatchee, Sunnyslope& Entiat InspectionYear: 2018 Cycle3: BlewettPass, Leavenworth, Plain&Lake Wenatchee NextInspection Year:2019
OurAppraisersphysicallyinspect1/ 4thof theCountyeveryyear(Approx.12,000parcels)
DeannaWalter,ChelanCountyAssessor
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Valueland asifvacant
Addanyexisting improvements
(structures)
Sales Analysis
(M assAppraisal)
Usingstandardcostmanualswe“build”the existingstructuresontheproperty (replacementcostnewminusdepreciation) Usinglandonlysales.Thefirstacreis alwaysthemostvaluable. Comparerawvaluestosalepricesfor marketadjustments(M assAppraisal). Salesfrom2017arepredominatelyused tosetthe2018assessedvalues(2019 taxes)
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- Fee(Single)Appraisal:
– Usescomparablesaleswhicharesimilartothe
subjectproperty.
– S
alesareidentifiedthatbestrepresentthe subjectproperty.
- M ass(Groups)Appraisal:
– Useslargequantitiesofsalestodevelopstatistics
fromthedata.
– Resultsofanalysisareappliedtoagroup
(neighborhood)asamarketadjustment (percentage).
DeannaWalter,ChelanCountyAssessor
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- S
tatelawrequiresassessedvaluesreflect100%
- ffairmarketvalue
- Wecanonlyuseclosedarm’slengthsales
- DORrestrictiononwhatsaleswecan/cannot
useforanalysis (WAC458553080)
– E.g.salebetweenrelatives,bankruptcy,sheriff
sales,taxdeeds,giftdeeds,forcedsales, classifiedlandunderRCW84.34,etc.)
DeannaWalter,ChelanCountyAssessor
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DeannaWalter,ChelanCountyAssessor
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DeannaWalter,ChelanCountyAssessor
Neighborhood:3L VWC02R01
Comparedsalespredominatelyfrom2017for727 parcelslocatedwithinthemarketarea (Neighborhood).
- Onaverage,Landsalesareup9%from2017.
- Onaverage,Improvementssalesareup17%from
2017.
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Details:Vacantland,0.17acres 2017LandValue:$100,000 2018LandValue $100,000x1.09=$109,000
2018AssessedValue $109,000
Details:19902story2bed/ 1bath 988sqfton1.69acres 2017AssessedValue:$220,284 Land:$136,900 Improvement:$83,384 2018LandValue $136,900x1.09=$149,221 2018ImprovementValue (w/ depreciationsubtracted) $78,096x1.17=$91,372
2018AssessedValue
$149,221+$91,372=$240,593
Differenceof$20,309or9%
Details:19712story3bed/ 2bath 4,268sqft)on0.42acres 2017AssessedValue:$530,502 Land:$130,000 Improvement:$400,502 2018LandValue $130,000x1.09=$141,700 2018ImprovementValue (w/depreciationsubtracted) $370,887x1.17=$433,938
2018AssessedValue
$141,700+$433,938=$575,638
Differenceof$45,136or9%
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DeannaWalter,ChelanCountyAssessor
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DeannaWalter,ChelanCountyAssessor
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DeannaWalter,ChelanCountyAssessor
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DeannaWalter,ChelanCountyAssessor
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DeannaWalter ChelanCountyAssessor
509.667.6365
www.co.chelan.wa.us/ assessor
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Note:Ifsearchingbyproperty addressjustusethehousenumber (nostreet).
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DeannaWalter,ChelanCountyAssessor