2021_10_21 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID: E2BCDBED-225D-4680-867C-DF3ABABC19E3 KINGSTON INVESTOR LLC PIN 9880542910.006 David Kaufman elected not to appear before the Board and requested that the submitted documentation serve as the appeal. The appellant is appealing the value of the property located at 123 Kingston Drive Unit 106B, Chapel Hill. The current assessed value of the property is $171,300. A list of evidence follows: APPELLANT COUNTY 9880542910.006 Appeal 9880542910.006 County The appellant documentation stated that the estimated value of the property is $145,000. Cyle Anderson represented the County and stated that the appellant states that there is no income information available and the office condominium is in poor condition. However,the appellant submitted no evidence to support the opinion of value for the property. Upon review of this property by CCA, CCA weighted the sales comparison approach at 60%and the income approach at 40%for a reconciled valuation of$171,188 for the property. As a result of this review, Orange County recommends no change to the current valuation of$171,300 for the property. 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 recommendation of no change in value for the property. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 KINGSTON INVESTOR LLC PIN 9880542910.007 David Kauftnan elected not to appear before the Board and requested that the submitted documentation serve as the appeal. The appellant is appealing the value of the property located at 123 Kingston Drive Unit 205B, Chapel Hill. The current assessed value of the property is $171,300. A list of evidence follows: APPELLANT COUNTY 9880542910.007 Appeal 9880542910.007 County The appellant documentation stated that the estimated value of the property is$145,000. Cyle Anderson represented the County and stated that the appellant states that there is no income information available and the office condominium is in poor condition. However,the appellant submitted no evidence to support the opinion of value for the property. Upon review of this property by CCA, CCA weighted the sales comparison approach at 60%and the income approach at 40% for a reconciled valuation of$171,188 for the property. As a result of this review, Orange County recommends no change to the current valuation of$171,300 for the property. 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 recommendation of no change in value for the property. Mr. Meyers seconded the motion and the motion carried.