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Docusign Envelope ID: FA43537E-BDE4-436D-9AA4-82D7E2495A25 <br /> Property Identification: <br /> Property Owner Bram Luknight Appellant(if different) <br /> Property Address 3905 Mill Creek Road Parcel ID or Abstract 9864169884 <br /> Statement of Appeal: Request a reduction in value based on a comparable sale. <br /> Current Assessed Value $90,000 County Opinion $90,000 <br /> Time of Hearin 1:02 PM Appellant Opinion $40,000 <br /> County Representative C le Anderson Board Decision $90,000 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting that the board reduce the assessment from$90,000 to $40,000. The <br /> appellant submitted a recent land sale off King James Street to support their opinion of value. <br /> This lot sold in September of 2024 for$40,000. <br /> • Appellant provided a report showing comparable sales in the area. <br /> Evidence submitted by the county representative: <br /> • The subject property is a vacant lot, 0.46 acres in size, located off King Edward Street in <br /> Hillsborough,NC. The appellant submitted a comparable sale,PIN 9864266040,to support <br /> their opinion of value. Despite being very close and similar in size,this lot sale is not very <br /> comparable to the subject property as it has perc issues. There is a-55% adjustment applied to <br /> the land to account for these perc issues. Removing this -55% adjustment results in a lot value <br /> of$90,000. A sales analysis performed by the County revealed 3 vacant and comparable land <br /> sales in the subject's immediate vicinity. It's the County's opinion that these vacant land sales <br /> support the current assessment. The County recommends no change to the assessed value of <br /> $90,000 for the subject property. <br /> • Summary <br /> • GIS Aerial Photo <br /> • Sales Analysis <br /> • Comp 1 Aerial Photo <br /> • Comp 2 Aerial Photo <br /> • Comp 3 Aerial Photo <br /> • Comp 1 Property Record Card <br /> • Comp 2 Property Record Card <br /> • Comp 3 Property Record Card <br /> Motion of the Board Accept the Coun 's recommendation of no change in value <br /> Made the motion Saru Salvi <br /> Second the motion Richal Vanhook <br /> Voted For Barbara Levine <br /> Voted Against <br />