Orange County NC Website
Docusign Envelope ID: F93B5E92-3F78-409A-A34B-7C8EB1288609 <br /> • The board members were informed of the schedule change for the meeting on Thursday,June <br /> 12th. The new start time will be 2:30 pm. <br /> Property Identification: <br /> Property Owner Sherry c.Webster Appellant(if different) 1 <br /> Property Address 12313 White Cross Road I Parcel ID or Abstract 19748756543 <br /> Statement of Appeal: Request a reduction in value based on the price per acre of neighboring property. <br /> Current Assessed Value $477,900 County Opinion 1 $477,900 <br /> Time of Hearin 1:00 PM Appellant Opinion $386,800 <br /> County Representative Roger Gunn Board Decision $477,900 <br /> Evidence submitted by the appellant: <br /> • Per appellant's appeal: "Compared value of neighbor's property at 2317 White Cross Rd.with <br /> 270,000/8.9 acres=30,337 per acre and our land value is listed at 166,100/3 acres=55,367. <br /> 2317 White Cross Rd. has road frontage,where our land does not have road frontage. I am <br /> writing to appeal the value assessed to our land. I used GIS to obtain my information." <br /> Evidence submitted by the county representative: <br /> • The subject is located off the east side of White Cross Road and is accessible by a private <br /> drive. As the value of the building was not contested,only the land component of the property's <br /> value was analyzed. <br /> • A land equity analysis was performed in which the subject was compared with three other <br /> similarly situated properties also with private access off a main road. All are located in the <br /> same neighborhood as the subject within .5 mile,have the same -10%A-10 land adjustment for <br /> access, and have the same AC-9 land pricing at$75,000 for 1 acre. The analysis shows the <br /> effect of ranged pricing in the AC-9 land model in which the subject's value per acre is <br /> between that of a 2.32 acre parcel and a 3.21 acre parcel. The appellant's comparable was <br /> included as Comp. 4 to further illustrate the effect of ranged pricing and economy of scale for a <br /> much larger parcel as this property also a-10%E-10 land adjustment for containing an <br /> easement and is located near the subject in the same neighborhood. <br /> • Location Map of Subject <br /> • Property Record Card of Subject <br /> • Land Equity Analysis <br /> Motion of the Board Accept the County's recommendation of no change in value <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For Leon Meyers <br /> Voted Against <br />