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minutes meeting date 2026-06-22 · fetched 2026-09-09 · 5714 characters · official file · plain text
June 22, 2026, BOE Minutes Meeting Details Date of Meeting: Monday, June 22, 2026 Commissioners present: Ernie Moser and Ken Bullock Clerk of the Board: Nancy Allen for Jason C. Dixon Absent Board Members: Jeff Hough Staff present: Assessor Anita Hymas, Appraiser Jason Speth, Appraiser Kami Brown, Appraiser Jason Hooker, and Appraiser Mike Helm Meeting Notes 1 10:01 AM Moser called the meeting to order. Bullock moved to enter into the Board of Equalization. The motion passed. Allen administered an oath to those testifying. Moser reviewed the relevant laws, process, procedures, and appeal rights. Davis, Charity and Jimmy - RPR3803050900 10:06 AM The appellants notified staff they would not be present. Moser declared the only information submitted was the appeal form. Bullock moved, since no further information was submitted, to accept the Assessor’s value and deny the appeal. The motion passed. Agricultural Services Inc. - RPR4223029507 10:07 AM Karl Slayton appeared and states he did not know he had to turn any paperwork in. The property is a narrow, long strip of ground with a huge elevation gain and is dry land with no improvements. There would need to be several switchbacks to get to the top of the property. The assessed value of $92,000 is extreme. 10:09 AM Appraiser Speth reviewed the 5-acre lot near McCammon and explained the increase was due to the land being split off making this a single parcel, which was previously additional acres. Now that it is not additional acres, the value has to be equitable with neighbors. A visit to the property was made to see if it qualified as ag, but it does not. Comparable properties were reviewed. Speth requested to uphold the value. Questions were addressed regarding how to determine if the property qualifies for an ag designation. 10:14 AM Moser summarized the discussion to the applicant. Bullock moved to uphold the assessed value. The motion passed. Appeal rights were reviewed. Peterson, Wiley and Amy - RPRCVP1000200 10:15 AM Wiley Peterson appeared and explained they are in the process of trying to sell the property. In working with a realtor and doing comps, it comes out to somewhere in the $480,000-$500,000 range. The comps for last year’s sales, the average is $487,000 with the sales at $500,000; $514,000; $415,000; and $399,000. The sales are similar as far as the number of bedrooms and square footage. 10:17 AM Appraiser Helm reviewed the property details and comparable sales for two story homes in the vicinity of the subject parcel and within 2-300 difference on the square footage. The price per square foot shows the subject parcel falls in line and maybe just a little low. Appellant’s comparables are all one-story ranch style homes. Different style homes are not generally used for comparables, but putting Appellant’s comps into the spreadsheet show the value is where it needs to be. 10:19 AM Discussion ensue on trying to sell, and the market analysis comparison is done for different purposes. Moser expressed that there no preponderance of evidence submitted against the assessed value. MINUTES OF THE BANNOCK COUNTY BOARD OF EQUALIZATION June 22, 2026, BOE Minutes Moser moved for parcel RPRCVP1000200 to uphold the assessed value. The motion passed. Appeal rights were reviewed. These appeals were considered administratively and the appellants were not present: 4914 Yellowstone LLC - RPRCBPT001301 and AEP Holdings LLC - RPRMHTM003900 10:21 AM These appeals are Idaho State University appealing the denial of a tax exemption. 10:21 AM Hymas reported, after doing research, there was an initial denial and during BOE in 2024 and 2025, the tax exemption was granted. Discussion ensued regarding statutes, and following legal counsel’s advice, the decision was made to deny the exemptions for each parcel as the exemption statute is for those that own the property. Moser moved for parcel RPRCBPT001301 and RPRMHTM003900 to uphold the denial of the tax exemption. The motion passed. Chubbuck Apartments LLC - RPRCWDG000100 10:24 AM Appraiser Hooker requested information and has not heard back. The submission shows trailing income through 2025. As of the assessment date of January 1, they were 95% occupied. With apartment buildings, anything over 90% occupied will be considered leased up. From a market standpoint, they were as fully leased up as any other apartment building. In using the income approach, they were given a 5% break on the vacancy and estimated the general expenses around 40%. With the 6% cap rate they claimed, it would bump the value a little higher based on the County’s estimated expenses. Over the weekend, the Appellant sent in some income and expense information. Looking through that quickly, it was found that the income was a little higher with the allowable expenses. As of Jan 1, it appears this is a stabilized apartment building. It was requested to uphold the assessed value. 10:27 AM Bullock prefers using the cost approach, it was recently built. If they are not making their income, that’s on them. There is no reason to overturn the assessed value. Bullock moved to uphold the assessed value. The motion passed. 10:28 AM Bullock moved to exit the Board of Equalization. The motion passed. Action Item Summary ACTION/DIRECTION ASSIGNED TO Acting as the Board of Equalization, assessed values were upheld for parcel numbers RPR3803050900, RPR4223029507, RPRCVP1000200, and RPRCWDG000100. Tax exemption denials were upheld for parcel numbers RPRCBPT001301 and RPRMHTM003900. Assessor/Appraisers
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