2021_08_24 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID:67AF45A6-6792-466B-A530-32D705D517AA review of the property,Mr. Hiltbold proposed applying 10%functional depreciation for layout along with the 12%average depreciation,which would total 20.8%depreciation for the residence and reduce the building value by$118,600. The total property value would decrease from$817,400 to $698,800,which would be in the midst of the three comparable sales on a value per square foot basis. The Board reviewed all documents and information provided by the appellant and the County. After deliberation and review,Mr.Beattie made a motion to accept the County's revised value of$698,800. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 Dellon PIN 9788123710 Evan Dellon appeared before the Board to appeal the valuation of the property located at 516 Dogwood Drive, Chapel Hill. The current assessed value of the property is $812,100.A list of evidence follows: APPELLANT COUNTY 9788123710 Appeal 9788123710 County The appellant is requesting that the Board lower the valuation citing the fact that the property was revalued two years ago. The appellant explained that he bought the subject property in 2011 for $442,000, did renovations after construction raising his cost to $644,700,but at that time no revaluation was done and the value stayed the same. Two years ago,the kitchen was renovated and around 200 square feet was added to the living area and the value was increased in 2019 from$644,000 to $771,000. Before the pandemic,the appellant discussed the valuation with the Tax Office and the value was decreased to $731,000. Now after 18 months,the value has increased again about 11%. Bill Hiltbold represented the County and stated that he visited the property and re-measured the back and side of the home and corrected the sketch. Mr. Hiltbold stated that the basement extended 12 feet further to the right than depicted on the 2019 sketch. With the correction to the finished basement,the total finished area increases from 3,465 square feet to 3,467 square feet and without an unfinished basement, the building value is reduced$8,200. Mr. Hiltbold stated that the home is built on a steep hillside and the driveway is difficult to enter and exit. Mr. Hiltbold recommended reducing the Appraiser reduced the 10% size adjustment on the land to 5%,which reduces land value by$16,500. If approved by the Board these recommended changes would reduce the total value of the property$24,700 from$812,100 to $787,400. The Board reviewed all documents and information provided by the appellant and the County. After deliberation and review,Mr. Beattie made a motion to accept the County's revised value of$787,400. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 Mr. Beattie made a motion to recess the meeting until 4:00 PM