Item H Type Number Name Agent Hearing Date Outcome
C 16 121 Duval Street Mark Gunderson 2 -Feb Denied
C 17 Old Harbora House, Inc. Mark Gunderson 2 -Feb Denied
C 18 126 Duval Street Mark Gunderson 2 -Feb Denied
C 19 135 Duval Street Mark Gunderson 2 -Feb Denied
C 20 211 Duval Street Mark Gunderson 2 -Feb Denied
C 21 619 Duval Street Mark Gunderson 2 -Feb Denied
C 283 Knights Key Corporation Louis Breeding 3 -Feb Denied
Item H
' L0At' u" DECISION OF THE VALUE ADJUSTMENT BOARD DR -485V
VALUE PETITION N. 12/09
Rule 12D- 16.002
:'` '11 Florida Administrative Code
DEPARTMENT County Monroe
OF REVENUE
The actions below were taken on your petition.
® These actions are a recommendation only, not final ❑ These actions are a final decision of the VAB
If you are not satisfied after you are notified of the final decision of the VAB, you have the right to file a lawsuit
in circuit court to further contest your assessment. (See sections 193.155(8)(k), 194.036, 194.171(2), and 196.151,
Florida Statutes.)
Petition # C016 -2011 Parcel ID AK# 1000507
Petitioner name 121 Duval Company Address 121 -128 Duval Street 121.125
The petitioner is: ® taxpayer of record ❑ taxpayer's agent Key West
❑ other, explain: y
Decision Summary ® Denied your petition ❑ Granted your petition ❑ Granted your petition in part
Value Before Board Action
Lines 1 and 4 must be completed Value presented by property appraiser After Board Action
Rule 12D 9.025(10), F.A.C.
1. Market value, required $2,745,312 $2,745,312
2. Assessed or classified use value,* if applicable
3. Exempt value,* enter "0" if none
4. Taxable value,* required $2,745,312 $2,745,312
All values entered should be county taxable values. School and other taxing authority values may differ (section 196.031(7)(d), F.S.).
Reasons for Decision (Fill - in fields will expand as needed.)
Findings of Fact
The property under appeal is a single story commercial income producing structure located in Old Town on a
dry lot. The building was reportedly constructed in 1927 and contains 3,720 square feet and is commercially
utilized. MCPAO has submitted its primary approach, an Income Approach, utilizing both "market rent" and the
actual reported income, producing a value range of $2,934,335 - $2,2,937,223.
Conclusions of Law
The petitioner has presented no evidence that would overcome the Property Appraiser's Presumption of
Correctness. The Property Appraisers Office has properly considered all statutory criteria in the valuation
process, therefore, this petition is denied.
The Special Magistrate has utilized F.S. 194.301 Challenge to ad valorem tax assessment, which states:
(1) In any administrative or judicial action in which a taxpayer challenges an ad valorem tax assessment of
value, the property appraiser's assessment is presumed correct if the appraiser proves by a preponderance of
the evidence that the assessment was arrived at by complying with s. 193.011, any other applicable statutory
requirements relating to classified use values or assessmentcaps, and professionally accepted appraisal
practices, including mass appraisal standards, if appropriate.
I
►2P1 C • �„�;� ded Deci ' . n of Special Magistrate Finding and conclusions above are recommendations.
� vi. � �. ,�
,>ta le Patricia P. McGrath 2/29/2012
ign. -trate 4 Print name Date
liregieli‘o ‘.4
It____ �ct m e I cl. lS . /'"( a...6 co c� K-- 3 /c/2- 6 i Z.
Signature, VA clerk or special representative Print name Date
If this is a recommended decision, the board will consider the recommended decision on at ❑ AM ❑ PM
Address
If the line above is blank, the board does not yet know the date, time, and place when the recommended decision will be considered.
To find the information, please call or visit our web site at
— (. 291.3130 — —
❑ Final Decision of the Value Adjustment Board
Signature, chair, value adjustment board Print name Date of decision
Signature, VAB clerk or representative Print name Date mailed to parties
+ LoP! un DECISION OF THE VALUE ADJUSTMENT BOARD DR -485V
VALUE PETITION N. 12/09
Rule 12D-16.002
Florida Administrative Code
OF
DEPARTMENT County Monroe
The actions below were taken on your petition.
Z These actions are a recommendation only, not final ❑ These actions are a final decision of the VAB
If you are not satisfied after you are notified of the final decision of the VAB, you have the right to file a lawsuit
in circuit court to further contest your assessment. (See sections 193.155(8)(k), 194.036, 194.171(2), and 196.151,
Florida Statutes.)
Petition # C017 -2011 Parcel ID AK# 1000159
Petitioner name Old Harbor House Inc. Address 423 Front Street
The petitioner is: ® taxpayer of record ❑ taxpayer's agent Key West
❑ other, explain:
Decision Summary ® Denied your petition ❑ Granted your petition ❑ Granted your petition in part
Value Before Board Action
Lines 1 and 4 must be completed Value presented by property appraiser After Board Action
Rule 12D- 9.025(10), F.A.C.
1. Market value, required $2,964,562 $2,964,562
,
2. Assessed or classified use value,* if applicable
3. Exempt value,* enter "0" if none
4. Taxable value,* required $2,964,562 $2,964,562
All values entered should be county taxable values. School and other taxing authority values may differ (section 196.031(7)(d), F.S.).
Reasons for Decision (Fill - in fields will expand as needed.)
Findings of Fact
The property under appeal is a two -story commercial income producing structure located in Old Town on a dry
lot. The building was reportedly constructed in 1900 and contains 9,024 square feet and is commercially
utilized. MCPAO has submitted its favored approach to value, an Income Approach, utilizing both "market
rent" and the actual reported income, producing a value range of $3,509,599 - $3,514,736.
Conclusions of Law
The petitioner has presented no evidence that would overcome the Property Appraiser's Presumption of
Correctness. The Property Appraiser's Office has properly considered all statutory criteria in the valuation
process, therefore, this petition is denied.
The Special Magistrate has utilized F.S. 194.301 Challenge to ad valorem tax assessment, which states:
(1) In any administrative or judicial action in which a taxpayer challenges an ad valorem tax assessment of
value, the property appraiser's assessment is presumed correct if the appraiser proves by a preponderance of
the evidence that the assessment was arrived at by complying with s. 193.011, any other applicable statutory
requirements relating to classified use values or assessmentcaps, and professionally accepted appraisal
practices, including mass appraisal standards, if appropriate.
rte *,.e • i • ended Decision of Special Magistrate Finding and conclusions above are recommendations.
4 <'
qt is
k Patricia P. McGrath 2/28/2012
�A agistrate Print name Date
/ ,I a `s. Ha.,., c.c -v- 3A L" Z
Signature, VAB clerk or special representative Print name Date
If this is a recommended decision, the board will consider the recommended decision on at ❑ AM ❑ PM
Address
If the line above is blank, the board does not yet know the date, time, and place when the recommended decision will be considered.
To find the information, please call or visit our web site at
❑ Final Decision of the Value Adjustment Board
Signature, chair, value adjustment board Print name Date of decision
Signature, VAB clerk or representative Print name Date mailed to parties
LO I UA DECISION OF THE VALUE ADJUSTMENT BOARD DR -485V
VALUE PETITION N 12/09
Rule 12D- 16.002
b. . Florida Administrative Code
DEPARTMENT County Monroe
OF REVENUE
The actions below were taken on your petition.
® These actions are a recommendation only, not final ❑ These actions are a final decision of the VAB
If you are not satisfied after you are notified of the final decision of the VAB, you have the right to file a lawsuit
in circuit court to further contest your assessment. (See sections 193.155(8)(k), 194.036, 194.171(2), and 196.151,
Florida Statutes.)
Petition # C018 -2011 Parcel ID AK# 1000558
Petitioner name 126 Duval Company Address 126 Duval Street
The petitioner is: ® taxpayer of record ❑ taxpayer's agent Key West
❑ other, explain: y
Decision Summary ® Denied your petition ❑ Granted your petition ❑ Granted your petition in part
Value Before Board Action
Lines 1 and 4 must be completed Value presented by property appraiser After Board Action
Rule 12D 9.025(10), F.A.C.
1. Market value, required $1,616,085 $1,616,085
2. Assessed or classified use value,* if applicable
3. Exempt value,* enter "0" if none
4. Taxable value,* required $1,616,085 $1,616,085
All values entered should be county taxable values. School and other taxing authority values may differ (section 196.031(7)(d), F.S.).
Reasons for Decision (Fill - in fields will expand as needed.)
Findings of Fact
The property under appeal is a single story commercial income producing structure located in Old Town on a
dry lot. The building was reportedly constructed in 1948 and contains 1,848 square feet and is commercially
utilized. MCPAO has submitted its primary approach, an Income Approach, utilizing both "market rent" and the
actual reported income, producing a value range of $2,252,382 - $2,315,135.
Conclusions of Law
The petitioner has presented no evidence that would overcome the Property Appraiser's Presumption of
Correctness. The Property Appraiser's Office has properly considered all statutory criteria in the valuation
process.
The Special Magistrate has utilized F.S. 194.301 Challenge to ad valorem tax assessment, which states:
(1) In any administrative or judicial action in which a taxpayer challenges an ad valorem tax assessment of
value, the property appraiser's assessment is presumed correct if the appraiser proves by a preponderance of
the evidence that the assessment was arrived at by complying with s. 193.011, any other applicable statutory
requirements relating to classified use values or assessmentcaps, and professionally accepted appraisal
practices, including mass appraisal standards, if appropriate
►� Recom • • ended D - " = • • n of Special Magist Finding and conclusions above are recommendations.
e gtil , /i !1�� Patricia P. McGrath 2/29/2012
• . - : gistrate / Print name Date
1 't -v, G /a C s - 1- 14- G K 3 /Slip' Z
Signature, VAB clerk or special representative Print name Date
If this is a recommended decision, the board will consider the recommended decision on at ❑ AM ❑ PM
Address
If the line above is blank, the board does not yet know the date, time, and place when the recommended decision will be considered.
To find the information, please call or visit our web site at
❑ Final Decision of the Value Adjustment Board
Signature, chair, value adjustment board Print name DE
Signature, VAB clerk or representative Print name Date
2
' L Li "" DECISION OF THE VALUE ADJUSTMENT BOARD DR -485V
VALUE PETITION N 12/09
Rule 12D- 16.002
Florida Administrative Code
DIYARTMENT County Monroe
The actions below were taken on your petition.
® These actions are a recommendation only, not final ❑ These actions are a final decision of the VAB
If you are not satisfied after you are notified of the final decision of the VAB, you have the right to file a lawsuit
in circuit court to further contest your assessment. (See sections 193.155(8)(k), 194.036, 194.171(2), and 196.151,
Florida Statutes.)
Petition # C019 -2011 Parcel ID AK# 1000515
Petitioner name 135 Duval Company Address 501 -505 Greer4treet
The petitioner is: ® taxpayer of record ❑ taxpayer's agent Key West
❑ other, explain:
Decision Summary ® Denied your petition ❑ Granted your petition ❑ Granted your petition in part
Value Before Board Action
Lines 1 and 4 must be completed Value presented by property appraiser After Board Action
Rule 12D 9.025(10), F.A.C.
1. Market value, required $1,718,161 $1,718,161
2. Assessed or classified use value,* if applicable
3. Exempt value,* enter "0" if none
4. Taxable value,* required $1,718,161 $1,718,161
All values entered should be county taxable values. School and other taxing authority values may differ (section 196.031(7)(d), F.S.).
Reasons for Decision (Fill - in fields will expand as needed.)
Findings of Fact
The subject of this appeal is a two-story commercial building containing 5,859 square feet and located in the
Old Town area. The structure was built in 1928 and is reportedly being utilized for both residential and
commercial applications. As the property is income producing, the MCPAO has completed the Income
Approach, analyzing both "market" income and actual reported income, producing a value range of
$4,525,403 to $4,566,492.
Conclusions of Law
The Petitioner has offered no evidence that would overcome the Presumption of Correctness enjoyed by the
MCPAO. The Special Magistrate is denying this petition based on F.S. 194.301 cited below. The Property
Appraiser's Office has properly considered all statutory criteria in the valuation process.
F.S. 194.301 Challenge to ad valorem tax assessment
(1) In any administrative or judicial action in which a taxpayer challenges an ad valorem tax assessment of
value, the property appraiser's assessment is presumed correct if the appraiser proves by a preponderance of
the evidence that the assessment was arrived at by complying with s. 193.011, any other applicable statutory
requirements relating to classified use values or assessment caps, and professionally accepted appraisal
practices, including mass appraisal standards, if appropriate.
Recomme• ed Dec, ion of Special Magistrate Finding and conclusions above are recommendations.
!` st! - _ Patricia P. McGrath 2/27/2012
Sige, specia a'" a Print name Date
/ /
�Tl get1161a C. 1 L 3/C12.°‘
Signature, VA: clerk or special representative Print name Date
If this is a recommended decision, the board will consider the recommended decision on at ❑ AM ❑ PM
Address
If the line above is blank, the board does not yet know the date, time, and place when the recommended decision will be considered.
To find the information, please II or visit our web site at
C °- tTiqS 3(3
111 Final Decision of the Value Adjustment Board
Signature, chair, value adjustment board Print name Date of decision
Signature, VAB clerk or representative Print name Date mailed to parties
2
•
DR -485V
DECISION OF THE VALUE ADJUSTMENT BOARD N. 12/09
VALUE PETITION Rule 12D- 16.002
Florida Administrative Code
DEMRTMENT
Of REVENUE
County Monroe
The actions below were taken on your petition.
0 These actions are a recommendation only, not final. nThese actions are a final decision of the VAB.
If you are not satisfied after you are notified of the final decision of the VAB, you have the right to file a lawsuit in circuit court
to further contest your assessment (sections 193.155(8)(k), 194.036, 194.171(2), and 196.151, F.S.).
Petition # CO20 -2011 Parcel ID AK # 8849851
Petitioner name 211 Duval Company Address 211 -215 Duval Street
The petitioner is: 0 taxpayer of record El taxpayer's agent Key West
El other, explain:
Decision Summary
4 Denied your petition [J Granted your petition n Granted your petition in part
Value Before Board Action
Value presented by property appraiser After Board Action
Lines 1 and 4 must be completed. Rule 12D 9.025(10), FAC.
1. Market value, required $ 4,892,258 $ 4,892,268
2. Assessed or classified use value,* if applicable $ $
3. Exempt value,* enter "0" if none $ $
4. Taxable value,* required $ 4,892,268 $ 4,892,268
`AA values entered should be county taxable values. School and other taxing authority values may differ (section 196.031(7)(d), F.S.).
Reasons for Decision
Findings of Fact Use page 2, if needed.
211 -215 Duval Street consists of three single -story buildings located on a dry lot in Old Town. The buildings were
constructed in 1964, 1983 and 1994 and contain a total of 12,414 square feet. The use is stated as a bar /night club and
office space. The MCPAO has applied the Income Approach as their primary approach and completed two estimations: one
based upon 2010 "market rent" and one upon the actual reported 2010 rent, with a range of value of $8,127,292 (market)
and $8,267,384. MCPAO's Market Value estimate is Tess than both indicators.
Conclusions of Law Use page 2, if needed.
The Property Appraiser's Office has property considered all statutory criteria in the valuation process. The Petitioner has
presented no evidence that would overcome the statutory presumption of correctness that lies with the Monroe County
Property Appraiser's Office, consequently, this petition is denied. SEE ATTACHED.
Recommended Decision of Special Magistrate Findings and conclusions above are recommendations.
\ r
� i� r;� ' Patricia P. McGrath 2/27/12
Signature j, • -.. . e : trate Print name Date
G . 1-44,Hc.• cK
Signature, VAB Berk or representative Print name Date
If this is a recommended decision, the board will consider the recommended decision on at
Address Date Time
If the line above is blank, the board does not yet know the date, time, and place when the recommended decision will be considered.
To find the information, please call C 3 ° r) 2 y S - 3 13 0 or visit our web site at
n Final Decision of the Value Adjustment Board
Signature, chair, value adjustment board Print name Date of decision
Signature, VAB Berk or representative Print name Date mailed to parties
DR -485V
(Petition # CO20 -2011 1 N. 12/09
Page 2
Findings of Fact, continued
Conclusions of Law, continued
I have utilized F.S. 194.301 Challenge to ad valorem tax assessment, which states:
(1) In any administrative or judicial action in which a taxpayer challenges an ad valorem tax assessment of value, the property
appraiser's assessment is presumed correct if the appraiser proves by a preponderance of the evidence that the assessment was
arrived at by complying with s. 193.011, any other applicable statutory requirements relating to classified use values or assessment
caps, and professionally accepted appraisal practices, including mass appraisal standards, if appropriate
2
< D 1 DR -485V
i L o s<
DECISION OF THE VALUE ADJUSTMENT BOARD N. 12/09
E Rule 12D- 16.002
DEPnRTMENT \ • VALUE PETITION Florida Administrative Code
OF REVENUE
County Monroe
The actions below were taken on your petition.
Q These actions are a recommendation only, not final. nThese actions are a final decision of the VAB.
If you are not satisfied after you are notified of the final decision of the VAB, you have the right to file a lawsuit in circuit court
to further contest your assessment (sections 193.155(8)(k), 194.036, 194.171(2), and 196.151, F.S.).
Petition # CO21 -2011 Parcel ID AK# 1012726
Petitioner name 619 Duval Company Address 619 -621 Duval Street
The petitioner is: J taxpayer of record [] taxpayers agent Key West
other, explain:
Decision Summary
Denied your petition Ej Granted your petition n Granted your petition in part
Value Before Board Action
Lines 1 and 4 must be completed. Value presented by property appraiser After Board Action
P Rule 12D- 9.025(10), F.A.C.
1. Market value, required $ 1,234,056 $ 1,234,056
2. Assessed or classified use value,* if applicable $ $
3. Exempt value,* enter "0" if none $ $
4. Taxable value,* required $ 1,234,056 $ 1,234,056
*All values entered should be county taxable values. School and other taxing authority values may differ (section 196.031(7)(d), F.S.).
Reasons for Decision
Findings of Fact Use page 2, if needed.
Subject is a single story commercial building located on a dry lot in Old Town, containing approximately 1,970 square feet.
The MCPAO reports the building houses two one -story storefronts. The Property Appraiser's Office has utilized the Income
Approach to Value, reconciling the actual reported income and a market derived income and loaded capitalization rate. Even
after deduction for COS, the subject's 2011 Just Value is a conservative one, considering the before COS range of value of
$1,874,065 (market derived) to $1,902,797 (actual derived).
Conclusions of Law Use page 2, if needed.
The Petitioner has offered no evidence that would overcome the Presumption of Correctness enjoyed by the MCPAO. The
Special Magistrate is denying this petition. The Property Appraiser's Office has properly considered all statutory criteria in
the valuation process. SEE ATTACHED.
Recom • ended Decision of Special Magistrate Findings and conclusions above are recommendations.
/Al
, Patricia P. McGrath 2/27/12
- '! - sp= /� jJ• agistrate Print name Date
-v� E. ( /
li —w.cX� . z ..�✓�`'c r r � �ct nt LT. pia . , 4.4 C.x_ 3 / 5 12 0 / 2..
Signature, VA clerk or representative Print name Date
If this is a recommended decision, the board will consider the recommended decision on at
Address Date Time
If the line above is blank, the board does not yet know the date, time, and place when the recommended decision will be considered.
To find the information, please call (.-3 ° S) 175. 3 /3 0 or visit our web site at
Final Decision of the Value Adjustment Board
Signature, chair, value adjustment board Print name Date of decision
Signature, VAB clerk or representative Print name Date mailed to parties
DR -485V
(Petition # CO21 -2011 N. 72/09
Page 2
Findings of Fact, continued
Conclusions of Law, continued
F.S. 194.301 Challenge to ad valorem tax assessment
(1) In any administrative or judicial action in which a taxpayer challenges an ad valorem tax assessment of value, the property
appraiser's assessment is presumed correct if the appraiser proves by a preponderance of the evidence that the assessment was
arrived at by complying with s. 193.011, any other applicable statutory requirements relating to classified use values or assessment
caps, and professionally accepted appraisal practices, including mass appraisal standards, if appropriate.
2
FLORIDA DECISION OF THE VALUE ADJUSTMENT BOARD DR -485V
VALUE PETITION N. 12i09
l� Rule 12D- 16.002
DEPARTMENT Florida Administrative Code
OF REVENUE County rI , v, f t9�_
The actions below were taken on your petition.
w ese actions are a recommendation only, not final. [ I These actions are a final decision of the VAB.
If you are not satisfied after you are notified of the final decision of the VAB, you have the right to file a lawsuit in circuit court
to further contest your assessment (sections 193.155(8)(k), 194.036, 194.171(2), and 196.151, F.S.).
Petition # 1 ( S 7 ,' . -- t.; / ( Parcel ID 11 y 00
Petitioner name K/ i , 4 , ( .».. Address / k 1 / l 4 •Ii ' ` J 37/C/
The petitioner is: ❑ t p ayer of re d i taxpayer's agent
I other, explain: 11r� 114 3 1 n_s -'
Decision Summary
MDenied your petition 1 I Granted your petition 1 1Granted your petition in part
Value Before Board Action
Value presented by property appraiser After Board Action
Lines 1 and 4 must be completed. Rule 12D- 9.025(10), F.A.C.
1. Market value, required $ - 1 1 7 a 'C ).. S' $ J 7 6 r p L S
2. Assessed or classified use value,* if applicable_ $ $
3. Exempt value,* enter "0" if none $ $
4. Taxable value,* required $ -7/7 6 j' o) c $ ) 76 f S
All values entered should be county taxable values. School and other tAing authority values may differ (section 196.031(7)(d), F.S.).
Reasons for Decision
Findings of Fact f f 14,4,47 G . iv r p t . „, j D " ; 0 � r• � w e , � Use,additionallpheets, if neede •
f I ' � S G 1_, , c A in c ti c.2 r . •
.�w'Y t 0 ,, w* .1 Z --k A 7,764, 0) - S ; p e Tht -1-° a �4,: ! .4 -1- .. 4- k 4 4. i t
0 1, c A A 0 ..S. 6,�/ 4 4;'t) 14,JcL .
Conclusions of Law l Use additional sheets, if needed.
-1t r ) ' -f✓-f - f y �'r ' (a (4--C ) G•��'� (... /► C J if Li ✓ c 1 t ...� j a j-Z 8 t' �.'�t 6 1G�'1 c._
J
,{ ,2 ti , (.4.: . ^.- ti-iii� 1 1 c 1 9 r' a ,) -e /•ice , rr -C ( fre), .4e y j
/ S ,vr G , -r - , 1- 21 i'l c(y� G--, ci a j,}t'SS.'i'te ( 3 I" 41
1 R e o led.D ision of Special Magistrate Findings and conclusions above are recommendations.
t / '
Si sos:i rstrate Print name Date
Signs ure, VA: lerk or representative Print name Date
If this is a recommended decision, the board will consider the recommended decision on at
Address Date Time
If the line above is blank, the board does not yet know the date, time, and place when the recommended decision will be considered.
To find the information, please call S° S• 2_1V • . j� D or visit our web site at
Final Decision of the Value Adjustment Board
Signature, chair, value adjustment board Print name Date of decision
Signature, VAB clerk or representative Print name Date mailed to parties