Most of us don't really understand the whole fee appraisal process to begin with. When it's explained most of us can just feel our eyes glaze over after a minute or so and everything after that sounds a lot like 'Blah, blah...blah'.
The story out of the nutshell is that 6 lots were chosen by our association to represent the 108 cabins. Those 6 lots were appraised by a FS selected contractor as though they were for sale 'fee simple' lots in the private world, WITHOUT improvements or buildings and with similar features/value as OUR lots would be as bare land; a value is estimated that a reasonable person in 'current' market conditions would pay to BUY the lot(s). Then 'appropriate' adjustments are made and a value is recommended to the FS. This appraised value establishes out BASE FEE (appraised lot value times 5%) beginning in 2011; that fee will be escalated each year after, most likely upward.
So...is your lot worth the appraised value? No? Yes? Maybe? It IS tough for the lay person to tell. But, YOU HAVE THE RIGHT to request in writing a full copy of your lot appraisal. Contact Jeff Sims right away.
DO THIS TODAY The clock is running for you to get this document.
Only after you've read the appraisal and reviewed the comparable sales can you have a PRAYER to judge if you lot was appraised high or not. You have 60 days from the date of the announced appraisal results to let the FS know if you intend to contest the appraisal.
For a more thorough understanding of your rights reread your note that came with the announcement. We'll try to have a notice out here within another 20 days reviewing what folks can expect should they go the route of challenging the appraisal.
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