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Meeting Date: 11/07/2018  
Submitted For: Victoria Adams
Department: Clerk of the Board  

Action Requested
Board of Supervisors - Approve the settlement of a property tax appeal, and the refund of the overpayment of taxes pursuant to A.R.S. §42-16214 in the following case: Randal and Holly Lyman v. Yavapai County (TX2017-001749).
Brief Explanation of Need

This case involves the valuation and classification of 48 acres of land and a residence in West Sedona. The use of the land is in transition from vacant land to agricultural use. The Assessor’s Office conducted a site visit to the property and has determined that a portion of the property should be reclassified as agricultural.

The proposed reclassification would reduce the taxable value of the property from $4.6 million to $2.5 million, resulting in a reduction in property taxes in 2018 of approximately $30,000.00. There would be no refund due for subsequent years.

Source of Revenue
Have Notice/Publication Requirements Been Met
Contract or Agreement
Legal Approval Notes

Fiscal Impact
No file(s) attached.

Legal Approval: Yes- Legal Counsel has reviewed the attached agreement/contract
and has found it to be in proper form

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