2025_06_10 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: F93B5E92-3F78-409A-A34B-7C8EB1288609 Property Identification: Property Owner Tao Li Appellant(if different) Property Address 248 Abbot Place Parcel ID or Abstract 9870717707 Statement of Appeal: Request a reduction in value based on a decrease in the median sale price for the neighborhood from 2023 to 2024. Current Assessed Value $1,043,000 County Opinion $1,043,000 Time of Hearin 1:14 PM Appellant Opinion $858,300 County Representative Roger Gunn Board Decision $1,043,000 Evidence submitted by the appellant: • According to the county website data, from August 2023 ($975,000)to June,August and September 2024,the neighborhood median sale price had a 10.4%decrease($874,000), 10.8% decrease($870,000), and 5.1% increase($1,025,000)respectively based on August 2023 price of$975,000 . From September 2024 to January 2025,there was no recorded data. The assessed Total Market Value of our property in 2024 was $858,300. We do not see a reason for a jump of 21.52%to $1,043,000 in January 2025,while the market sales data suggests a flat to 5% downward trend in general. Evidence submitted by the county representative: • The subject contains 4,729 square feet finished area,has the most finished area of the 62 homes in the Chandler Woods neighborhood, and most recently sold in September 2024 for $1,025,000. Its current assessed value of$1,043,000 indicates a sales ratio of 1.018 (101.8%) which is within IAAO guidelines for sales ratios in a revaluation year. • All 2024 and 2023 sales in Chandler Woods were included in a sales analysis. Although all sales have significantly less finished area than the subject,the sales indicate that the subject's value per square foot is well below that of the sales. • Similarly, an equity analysis comparing the subject with the three next largest properties also indicating the subject's value per square foot is well below similar properties. • It is the County's opinion that no adjustment to value is supported based on either the appellant's evidence or the County's sales and equity analyses. • Photograph of Subject • Property Record Card of Subject • Chandler Woods Sales • Sales Analysis • Equity Analysis Motion of the Board Accept the County's recommendation of no change in value Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For Leon Meyers Voted Against