Agenda - 10-13-1981 - Laserfiche WebLink

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• . . . T 773 • ! ? ;IV 208 Vance Street Chapel Hill, N.C. September 11, 1931 Orange County Commissioners To Whom it may Concern: 1 would lilce the opportunity to appeal the apptaitga.M. of my house located at 208 Vance Street in Chapel Hill. When L received my re-assessment statement I telephoned the County Tax Office to request an appeal. I was told that I would be notified regarding the date of ny heating. After not hearing anything from the Tax Office for several months, I telephoned again to discover that the Board of Equalization and Review was no longer meeting. I then made an appointment to speak to an apprnaiser to determine the bases for the dramatic increase in the appraised value of my house. Following that meeting, I left Chapel Hill for the summer. On my return, I telephoned the Tax Office once again and I was told that I would have to request an appeal to the County Commissioners in writing; thus this request. The appraised value of my house jumped from slightly more than $27,000 to slightly more than $101,000; I have yet to encounter anyone whose house has increased in assessed value so dramatically. I was told by the appraiser that my house, based on its size, age, and general conditions was valued at $44,000. Ibis seems perfectly reasonable to me; I have no complaints about this facet of the assessment. I was also told that my ½ acre lot was assessed at $57,000. The justification for this latter assessment was that since my house was "worth" only $44,000 despite the fact that, according to the view of the appraiser, it could fetch $101,000 in the Chapel Hill real estate market, buyers must be willing to pay $57,000 Sot ½ acre in Chapel Hill. Thus the $57,000 was designed to assure that the value of my house matched what was viewed as the market value of the hous( This procedure seems to be perfectly reasonable. But I simply do NOT believe that the market value of my house is $101,000. When I pressed the appraiser on this poin,, he justified his position by saying that my house was located in the very desirable Westwood area. But my house is not located in Westwood;