Orange County NC Website
Browse       Search
Docusign Envelope ID: B5858B14-F04A-4D5A-8564-5E2A3DAAE086 <br /> Evidence submitted by the appellant: <br /> • Appellant is requesting a change in value based on a comparable sale at 2319 Ira Road,PIN <br /> 9846327567. <br /> Evidence submitted by the county representative: <br /> • Taxpayer has supplied the sale of 2319 Ira Rd as a comparable property for the subject's value. <br /> This property sold for$370,000 in 2019. Taxpayer is requesting the assessed value of the <br /> subject home to be reduced to $370,000 based on this sale. <br /> • Sales through 12/31/2020 were utilized for the 2021 revaluation period. During the reval. <br /> process,the most current sales are better representatives of the market conditions. In 2020, <br /> Orange County had strong sales based on current market conditions. There was a notable <br /> increase in sales to listing ratios along with a higher market demand in 2020 than in 2019. <br /> • It has been determined the recorded 3,559 square foot of the subject was incorrect.A re-sketch <br /> has determined 3,303 square foot is a more accurate estimate to be utilized for tax year 2024. <br /> • Attached is a grid comparing the taxpayer comparable to the subject along with 3 additional <br /> comparables. The additional comparables are all 2020 sales. In addition to being more timely <br /> sales,they are more similar in age, square footage,heat system, and construction style than the <br /> taxpayer's comp. Comp 2 has a higher overall quality than the subject. This is reflected in its <br /> higher sales price and higher assessed building value. For this reason, Comps 1 &3 are given <br /> higher weight when determining the estimated value of the subject's building value. These two <br /> comps are similar to the subjects building value;therefore,the building value is appropriate at <br /> $347,200. <br /> • In addition to the dated sale of the taxpayer's comp,the comp is of a lower construction <br /> quality,has an inferior heating system, and a unique floor plan that would not be desirable to <br /> the traditional homebuyer. It is this appraiser's position that these aspects are what led to the <br /> relatively lower sales price. <br /> • Current PIN card for subject. <br /> • Revised PIN card for subject. <br /> • PIN card for taxpayer comp. <br /> • Photos of Subject; Taxpayers Comp; Comps 1-3. <br /> • Sales comparison chart. <br /> • GIS map of subject location. <br /> Motion of the Board Accept the County's revised value of$404,600 <br /> Made the motion Tony Blake <br /> Seconded the motion Barbara Levine <br /> Voted For Leon Meyers <br /> Voted Against <br />