2025-05-27 BOER Minutes - Laserfiche WebLink

Browse Search

Docusign Envelope ID: FE66D568-1BB2-4BC0-8367-3F7885BB4A73 Statement of Appeal: Request a reduction in value based on the purchase price of the property. Current Assessed Value $289,800 County Opinion $289,800 Time of Hearin 2:27 PM Appellant Opinion $254,900 County Representative Kelly Board Decision $289,800 Wells/Roger Gunn Evidence submitted by the appellant: • The subject property was purchased in February 2025 for$254,900. Evidence submitted by the county representative: • The subject property is a 0.61 acre tract located at 571 N.Nash Street in Hillsborough,NC. The appellant states that the property was purchased in February of 2025 for$254,900,which is true. However,the seller was Freddie Mac, and this was a distressed sale that's not indicative of market value. Furthermore,the subject property sold in August of 2022 for $285,000, and property values have not decreased from August 2022 to January 2025. A sales analysis of comparable properties in the subject's neighborhood supports the current assessed value. The County recommends no change to the assessment for the subject property. • Aerial photo • Photos of subject property • Property Record Cards • Sales Analysis Motion of the Board Accept the County's recommendation of no change in value Made the motion Richal Vanhook Second the motion Saru Salvi Voted For Leon Meyers Voted Against Property Identification: Property Owner Ray and Phyllis Nichols Appellant(if different) Property Address 5 acres near Hwy. 57 and Parcel ID or Abstract 9877926822 Edmund Latta Road Statement of Appeal: Request the acceptance of the untimely filed PUV application submitted on April 7, 2025 for the assessor to apply the enrollment for the 2025 calendar year. Current Assessed Value N/A County Opinion Accept untimely application for Present Use Value Time of Hearing 2:31 PM Appellant Opinion Accept untimely application for Present Use Value