Laserfiche WebLink
ERROR IN SIZE OF DEERING ISLAND ? <br />A pKone tnessagfe to tke taxpayer claimed tLe as«es!»eJ value of <br />tKe IslanJ KaJ l>ecn reJuceJ to $ 637,000.00 because tbe 19S5 <br />Survey Joes in fact Jisclose an islanJ size 30 % less tlian tKe taxpayer <br />Kas Keen assessed for previously. <br />If tKis did in fact Kappen, and assuming tKe assessed value of <br />tKe caKin value, as previously disclosed, remained tKe same, tKe <br />following resulted: <br />1) It eliminated tKe pKantom land, reducing tKe assessors claim of <br />tKe Island size from 3.98 acres to 2.65 acres, a reduction of <br />1.33 acres, or 30%. <br />2) TKe ^ross assessment was reduced to $637,000.00. <br />3) XKe caKin value presumably Kadn t changed, and only tKe land <br />value was cKan^ed Ky eliminating tKe pKantom land of 1.33 <br />acres or 57,935 sq feet. <br />4) Asstunin^ Uie cabin retained its $61,000.00 value, tKe assessor <br />tKen reduced iKe assessed value of tKe Island land Ky <br />$183,000.00 to $ 576,000.00 <br />5) TKe assessor tKen Increased tKe land value from <br />$ 4.38 per square foot to $4.99 p«r foot, an increase of $ .61 <br />per square fool, or $26,571.60 per acre. <br />6) TKe corrected land value, based on iKe 2002 assessment should <br />Kave Keen 2.65 acres times $4.38 per square fool or <br />$505,600.00. <br />7) Adding iKe cabin and correct land area value, and usin^ iKe <br />assessors original 2002 assessment figfures, tKe reduction caused <br />Kv iKe **pKantoni land ’ should result in an assessed value of <br />$566,600 in place of the original $820,000.00, and not <br />$637,000.00 <br />Without any property improvements, this figure still demonstrates an <br />alleged increase in value in three years of $480,000.00, or 306%; an <br />average of 102% per year, and an increase of $512,000.00 over the