Orange County NC Website
Browse       Search
DocuSign Envelope ID: E2BCDBED-225D-4680-867C-DF3ABABC19E3 <br /> The appellant documentation stated that the estimated value of the property is $90,000. Cyle Anderson <br /> represented the County and stated that the appellant states that there is no income information available <br /> and the office condominium is in poor condition. However,the appellant submitted no evidence to <br /> support the opinion of value for the property. <br /> Upon review of this property by CCA, CCA weighted the sales comparison approach at 60%and the <br /> income approach at 40% for a reconciled valuation of$112,623. As a result of this review, Orange <br /> County recommends increasing the economic market adjustment on the property from E30 to E36 for a <br /> revised valuation of$112,500 for the property. <br /> The Board reviewed all documents and information provided by the appellant and the County. After <br /> deliberation and review,Mr. Beattie made a motion to accept the County's revised valuation of$112,500 <br /> for the property. Mr. Meyers seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> KINGSTON INVESTOR LLC PIN 9880542910.005 <br /> David Kaufman elected not to appear before the Board and requested that the submitted documentation <br /> serve as the appeal. The appellant is appealing the value of the property located at 123 Kingston Drive <br /> Unit 105B, Chapel Hill. The current assessed value of the property is $171,300. A list of evidence <br /> follows: <br /> APPELLANT COUNTY <br /> 9880542910.005 Appeal 9880542910.005 County <br /> The appellant documentation stated that the estimated value of the property is $145,000. Cyle Anderson <br /> represented the County and stated that the appellant states that there is no income information available <br /> and the office condominium is in poor condition. However,the appellant submitted no evidence to <br /> support the opinion of value for the property. <br /> Upon review of this property by CCA, CCA weighted the sales comparison approach at 60%and the <br /> income approach at 40%for a reconciled valuation of$171,188 for the property. As a result of this <br /> review, Orange County recommends no change to the current valuation of$171,300 for the property. <br /> The Board reviewed all documents and information provided by the appellant and the County. After <br /> deliberation and review,Mr. Beattie made a motion to accept the County's recommendation of no change <br /> in value for the property.Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br />