2025-60-Property Value Appeals Board Recorded 3/12/2025Recorded in Deschutes County CJ2025-60
Steve Dennison, County Clerk
Commissioners' Journal 03/12/2025 1:12:14 PM
Property Values Appeals Board
Adjourning Meeting for 2024-2025 Session
March 11, 2025 at 9:00 am
Clerk's Office Vote -By -Mail Room, Deschutes County Service Building
Present at Meeting:
Steve Dennison, Deschutes County Clerk
Mike Simpson, Board Member
Matthew Latimer, Board Member
Mike Walker, Board Member
Peggy O'Donnell, Board Member
Todd Straughan, Deschutes County Chief Property Appraiser
Amber Trindle, Deschutes County PVAB Clerk
Holly Veres, Deschutes County Assistant PVAB Clerk
1. Amber welcomed everyone
a. Orders have all been signed and mailed.
b. Summary of Actions has been sent to the Dept. of Revenue.
c. The board will need new appointments by 10/15/25. Amber will reach out
to current board members in August.
d. Email acceptance of petitions and evidence worked well.
e. The new timer and timing of hearings worked well, and we will do our best
to use it next year.
2. Amber asked Todd to give a brief overview of adjudicated values as this came up
during a hearing, but not all board members were present. If the board lowers a
value, it becomes adjudicated, and the Assessor's Office is limited in what they
can do with that value for the current year plus 5 years.
3. Todd passed out a worksheet that demonstrated an example of how exception
value is calculated over 3 years of construction of a new structure. (Attached)
4. Matt asked about the value of manufactured homes once they are moved and
discussed how they can be difficult to evaluate because homeowners feel they
depreciate in value, which is not always true. Todd mentioned that homeowners
should file for a trip permit to be added to their account when moving a
manufactured home, which helps the Assessor's Office in valuation.
5. Mike Simpson liked asking the Assessor's Office for a "statement" instead of
"recommendation" in the opening script. We will keep this change.
6. Mike Walker stated that he appreciated the prep work during broad training this
session.
7. Todd and Steve both thanked the board for all their work and the service they
provide to the community.
8. Amber mentioned she will add extra time between commercial hearings next
year so that hearings do not run over their scheduled time,
9. Amber thanked the new board members who chaired for the first time.
10. Mike Simpson was very appreciative of the evidence the assessor
representatives brought to each hearing and mentioned how prepared they all
were.
Prepared by Holly Veres. Meeting ended at 9:42am
Name:
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PROPERTY VALUE APPEALS BOARD
SIGN IN SHEET
ADJOURNING MEETING
Tuesday, March 11, 2025
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2022
Home compl 50%
RMV if 10055 compt 5100.000
Exception value 550.000
2022 Changed Prop Ratio 60%
Prior year MAV 50
Ratio'ed Exc. $30,000
Total newAVIMAV2002 530.000
550,000
x 0.6 CPR
530,000 New Exception
The above example estimates the house if it were 100% complete at $100.000,
Since it is only 50% complete, we would add 550,000 as new exception RMV,
multiplied by the CPR of 6055 makes the new MAV/AV 530.000.
2023
Horne % comp(
RMV if 100% compl
75%
5125,000
Prior year MAV 530,000
Plus 355 30,900
Ratio'ed Exc. 519.687
Total new AV/MAV 2023 550,587
5125.000
x 0.5 Prior
562,500
5125.000
x 0 75 Current %. compl
$93,750
ar %
This calc
brings 2022
RMV to 2023
593.750
(562.500)
531.250
2023 Changed Prop Ratio 6355 x 0.63 CPR
$19,687 New Exception
For 2023, the home went from 50% to 7555 complete. The value at 100% is est.
at $125,000. 125,000 x .50 - $62,500, this calculation brings the 5054 compl,
Home from 2022 to 2023. The 5125k is multiplied by the now 75% compl.
125,000 x ..75 -,S93,750. The difference between 93,750 and 62,500 is the
current year exception x the CPR and added to the prior year MAV plus 354,
2024
Home % compl
RMV if 100% comp!
100%)
5175.000
$17cnna x 0.75 Prior year %.
$131,250
Prior year MAV 550,587
Plus 354 552,105
New Ratio'ed Exc. 524,062 $175,000
Total new AV/MAV 2024 576,167 (5131.250)
$43,750
2024 Changed Prop. Ratio 55% x 0.55 CPR
524,062 New Exception
This calc
brings 2023
RMV to
2024
In 2024. the home is now 100% comptete and has an estimated market value of
5,000. 175,000 x .75 (prior years completion) = 5131.250. 5175.000 minus
5131.250 543.750. 543,750 x the CPR for 2024 = new ratio'ecl exception of
24,062 added to the prior year MAV plus 355
% s Todd Straughan I Chief Appraiser
Drisc S 0 1..j NI Tv A S 5 S 0 R.
..., 1300 NW Wall Street Suite 2041 Bend, Oregon 97703
PO Box 6005 1 Bend, Oregon 97708
Tel: (541) ::3884.;514 1 Fax (541) 582-1 (--.)92