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5 <br /> property is severely compromised by the existence of a flood easement:in favor of <br /> Orange County over the bulk of the property and the cowity"s right of first refusal for <br /> any prospective sale. These facts d.enumd the application of an influence factor to reduce <br /> the valuation of the LOI tract as!conipared.to nearby tracts of similar size.These facts <br /> exhibit a failure of Orange County to appraise the takeOrange,Inc. parcel at its "true <br /> value uz money." <br /> The current revised valuation of the L.OI land of$103,000 is a reasonable estimate of the <br /> true value of the Lake Orange,h1c, property and has been accepted by Lake Orange,Inc. <br /> going forward.Whether through clerical error or by a failure of the Orange County tax <br /> appraisers to properly follow the legal requirements for assessing land,Lake Orange, <br /> Inc.has for many years paid property taxes well in excess of what was justified. <br /> 71Z.mn stoff! -,ed,the Board of County C:'omnaliswioners,, <br /> now has the opportunity to complete the process begun.by the Board of Equalization <br /> and'Review by refunding to Lake Orange,Inc, the property taxers improperly assessed <br /> but paid for the years 2016, 2017,2018,2019,and 2020 m-id the release of the property tax . <br /> improperly.assessed but unpaid for the years 2016,2017,2018,201.9, and 2020. <br /> Very truly yours, <br /> Steve F.Yuhasz <br /> cc: Bonnie B. Flammersley,County Manager <br />