2021_12_13 BOER MINUTES - Laserfiche WebLink

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DocuSign Envelope ID:639C5139-26DA-4AC3-8274-8C6D5BE5A52A 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 appellant's recommended value of $8,838,900 for the property. Ms. Levine seconded the motion and the motion carried. Yes: 3 Noes: 0 WILSON PIN 9788281298 Valerie Bateman appeared before the Board on behalf of Etta Wilson to appeal the valuation of the property located at 500 Church Street, Chapel Hill. The current assessed value of the property is $249,700.A list of evidence follows: APPELLANT COUNTY 9788281298 Appeal 9788281298 County Ms. Bateman is requesting that the Board reduce the valuation to between$237,440 and$254,852 citing the fact that the property's valuation was originally reduced for 2021 to $249,700,which was an increase of$15,405 or 6.5%over the 2020 property value.Ms. Bateman proceeded to summarize the subsequent valuation of the property stating that the back area of the residence was originally considered an enclosed porch but during a site visit for the appeal,that determination was changed and the area was subsequently considered to be fully enclosed and heated and therefore should be included as living area. However, because of the COVID-19 situation,the County did not request entry into the residence to verify physical characteristics and interior condition. The total square footage of the residence was then calculated to be 2,116,which is above the 1,800 square foot cut off to be determined as conforming to the Northside Conservation District regulations, so a 20% economic factor was removed from the property. The property value then increased to $296,800,which was a 25.2% increase over the 2020 value. Ms. Bateman stated that several factors should allow this property's value to be reconsidered and re- calculated. First, 308 Lindsay Street is a comparable property in terms of size, design, external condition, and location and its value increased by only 6.5% for 2021. Second,the interior condition of the subject property,which could have been determined on the site visit, is Poor and not Fair. Third, the appraisal process does not limit itself to only the 1,750 square foot limit for being nonconforming in the Northside Conservation District and the County's"rounding"factor limited to 1,800 square feet is arbitrary. Given that 500 Church Street is clearly not"nonconforming"in the sense that newer properties of that size are intended to be income-producing,the subject is not. Therefore, 500 Church Street should still have the benefit of the 20%value reduction factor applied to both the lot and residence. 500 Church Street should maintain its 20%reduction for"design." Ms. Bateman stated that the primary objective of mass appraisal for tax purposes is to equalize property values as the. Orange County 2021 Reappraisal, Schedules Of Rules, Standards And Values For Market Value And Present-Use Value states in its introduction that the primary objective is to maintain an equitable tax base among all taxpayers." Kelly Wells represented the County and stated that after a site visit on October 18,2021 and further review of the property,the County recommends reducing the effective year built from 1958 to 1952, increasing the functional depreciation for design on the house from 20%to 30%, adding 20%physical depreciation and remove the E20 economic factor from the property as the residence is above the maximum square footage to conform to the size restrictions of the Northside Conservation District. These changes would result in an increase in the valuation from$249,700 to $282,400.