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3510 Park Avenue S David Sholy
<br />01-5710-00700-000 David Sholy
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<br />2018 Abatement - 3510 Park Ave_NEW COPY Page 1 of 5
<br />David Sholy has filed an application for abatement and refund of taxes on the above referenced
<br />property. The application, County Auditor’s File No. 4483, is requesting a total value of $325,000
<br />or a reduction of $21,600 for the 2018 assessment year.
<br /> The applicant provided two letters disputing the value increases but has provided no supporting
<br />documentation for the requested value reduction.
<br /> Recapped on the left portion of the following table is the value indication from the abatement
<br />application and the difference between that value and the Certified 2018 value. Also recapped on the right portion of the table is the “reviewed” 2018 value and the “certified” values for the 2018,
<br />2017, 2016, and 2015 assessment years. Relevant sales and the valuation of competing properties
<br />as recapped in following tables provide the basis for the “reviewed” value and support the 2018
<br />“certified” value.
<br />
<br /> This property was included in a mass reappraisal effort for 2016 and market trended (indexed) for
<br />2017 and 2018 based on a study of sales of similar type properties.
<br /> The property consists of a good grade single-family two-story detached residence built in 2002
<br />with 2,162 square of total living area, a full basement that is approximately 75-percent finished and an attached three-car garage. The most recent inspection occurred in November 2018 at the request of Mr. Sholy at which time a thorough review was completed.
<br /> Improved sales (recapped on the following page) supports the 2018 certified and reviewed value
<br />as recapped in the table above. The mass appraisal completed as of March 1, 2016 is included for
<br />reference (utilizing the cost approach to value), the letter submitted to Mr. Sholy with comparable
<br />sales after the review was completed, and the market appraisal completed in 2018. The income approach to value was not considered or utilized as it is not an applicable valuation technique for a single-family property.
<br /> Based on the following analysis, the valuation of this parcel does not appear to be arbitrary,
<br />capricious, or excessive but fair and equitable based on the available sales.
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<br />ASSESSMENT DEPARTMENT RECOMMENDATION Retain the current value of $346,600 as certified for 2018.
<br />Abatement Reviewed Certified Certified Certified Certified
<br />2018 2018 2018 2017 2016 2015
<br />Land Value 1 54,300$ 54,300$ 54,300$ 54,300$ 54,300$ 36,900$
<br />Improvement Value 1 270,700$ 292,300$ 292,300$ 282,200$ 272,400$ 259,400$
<br />True & Full Value 325,000$ 346,600$ 346,600$ 336,500$ 326,700$ 296,300$
<br />Building Area (sf)2,162 2,162 2,162 2,162 2,162 2,162
<br />Land Area (sf)11,985 11,895 11,895 11,895 11,895 11,895
<br />Total Value / sf (Bldg Area)150.32$ 160.31$ 160.31$ 155.64$ 151.11$ 137.05$
<br />Improvement Value / sf (Bldg Area)125.21$ 135.20$ 135.20$ 130.53$ 125.99$ 119.98$
<br />Land Value / sf (Land Area)4.53$ 4.56$ 4.56$ 4.56$ 4.56$ 3.10$
<br />Dollar Change (from Respective Value) 2 (21,600)$ -$ 10,100$ 9,800$ 30,400$ (Prior Year)
<br />Percent Change (from Respective Value) 2 -6.2%0.0%3.0%3.0%10.3%(Prior Year)
<br />Change Cause No Change Index Index Mass Appraisal
<br />David Sholy - 3510 Park Ave S Assessment Department
<br />1 Applicant reflected entire value on land.
<br />2 Dollar & Percent Changes are calculated using the
<br />2018 Certified True & Full Value.
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