Orange County NC Website
Browse       Search
QQ :sz 2• <br /> ?; <br /> 1 -_ <br /> 1 <br /> Tax Map 99, Block C, Lot 9: Mr. Tenney said he had bought = : <br /> this lot, with a building, twelve years earlier for $6,000. He said <br /> a comparable building (but a new one', this one was built about 1912) <br /> had sold across the street for $45,000 two or three years earlier. -- <br /> He doesn't think this building is worth the valuation placed on it <br /> by the Tax Office (valuation of Tax office is $60,214) . <br /> Mr. Tenney said he could not divulge the income he derived from . <br /> the property under conditions of the lease contract, The lot and .. <br /> building are on Main Street in Carrboro. <br /> Mr.� Lloyd and Mr. Laws asked that they be given the opportunity <br /> -to',review the lots Mr. Tenney had appealed. and-return to-the Board <br /> of Commissioners with a recommendation. The Board agreed to the <br /> review requested. <br /> Mr. Tenney said he had appealed to the Board of Equalization and <br /> Review but due to an error he had never been given an appointment. <br /> Madhadananda Sar & Mohini, Tax Map 41D, Block D, Lot 16: • <br /> Mr. Sar said he had contacted the Tax Office to appeal but had <br /> not been successful. Mr. Lloyd said he was not able to 'see the interior <br /> of the house but his recommendation was to increase the physical <br /> depreciation from 3% to 5%; he additionally felt the house was, over- <br /> graded by 10%. Factoring in both figures would reduce the valuation <br /> i <br /> from $95,343 to roughly $861650. <br /> Commissioner•Gustayeson moved to approve the Tax Supervisor's <br /> recommendation (stated above) ;: Commissioner Barnes seconded: Vote: <br /> Ayes 3; noes, 0. <br /> Christopher H. Cooke; Tax Map 57, Parcel 13A: Mr. Lloyd said <br /> he had visited the property and noted several errors (listed on his <br /> recommendation in these Minutes) . One of those errors noted was <br /> no water supply, the property owner having to get Water,.-from an <br /> adjacent lot. During the appeal by Mr. Cooke, the Tax Office learned <br /> the homeowners in the development were on a community water system. <br /> IThis fact negates Mr. Lloyd's previous understanding and recommendation <br /> i <br /> of 10%. adjustment for no well; Mr. Lloyd withdrew this recommendation. <br /> Mr. Cooke appealed the valuation on several points, summarized <br /> below: <br />