2021_11_16 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID:C9ACA973-728D-4853-A135-6BC01CA1C2D5 LINCOLN PIN 9788297697 Robert Lincoln appeared before the Board to appeal the value of the property located at 115 Stinson Street, Chapel Hill. The current assessed value of the property is $414,800. A list of evidence follows: APPELLANT COUNTY 9788297697 Appeal 9788297697 County The appellant is requesting that the Board reduce the assessed valuation based on neighboring properties value per square foot. The appellant's opinion of value for the property is $314,500 Kelly Wells represented the County and stated the appeal is based on the value increase over the last four and because the house is no longer a duplex. Ms.Wells stated that the County conducted a site visit on October 7,2021 and as a result the County recommends correcting the building type from Two-to-four family to Rooming House,reducing the grade from C+10 to C, adding a patio not on record, and reducing the market adjustment of the land from 70%to 10%due to the property's location on a dirt road. These changes would result in a reduction of the valuation from$414,800 to $361,500. Ms. Wells clarified that the value per square foot of the subject is higher than neighboring properties due to the subject property's building type being a rooming house. 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 valuation of$361,500 for the property. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 Mr. Beattie made a motion to recess the meeting until 4:15 PM. Mr. Beattie called the meeting back to order at 4:15 PM. JONES PIN 9788095041 Glenda Jones appeared before the Board to appeal the value of the property located at 428 Mason Street, Chapel Hill. The current assessed value of the property is $323,800.A list of evidence follows: APPELLANT COUNTY 9788095041 Appeal 9788095041 County The appellant is requesting that the Board reduce the valuation due to the value increasing over$100,000 in one year with no improvements made to the subject property. The appellant stated that her family has lived in the subject residence since 1962 and has always been an owner-occupied residence and not an income property,unlike other surrounding properties near the subject property. Kelly Wells represented the County and stated the subject is a single-family residence containing 1,950 finished square feet and is located in the Northside Conservation District in Chapel Hill. The appeal is based on restrictions placed on the property based on its location in the Northside Conservation District.