Washington Appeals Board Finds Kitsap County Assessor Sales Comparison Approach Correct to Value Medical Property

The Washington Board of Tax Appeals (BTA) Aug. 11 found the Kitsap County Assessor didn’t overvalue Taxpayer’s two-story medical building for property tax purposes. The assessor assessed Taxpayer’s building. Taxpayer protested, requesting a reduced value. The Kitsap County Board of Equalization sustained the assessed value. Taxpayer appealed. Upon review, the BTA found: 1) the assessor’s sales comparison approach provided a more reliable indication of Taxpayer’s property’s market value; 2) the assessor time-trended the sales prices of his sales but Taxpayer didn’t; 3) the assessor’s sales were more similar to Taxpayer’s property than Taxpayer’s, regardless of the gross adjustment percentages assigned ...