2025_07_23 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:55C8A716-89E4-4018-AB48-1F92375EE447 provided a vertical equity analysis to assess whether lower value homes are being overvalued, and higher value homes undervalued. County assessors are analyzing results of the study. If on review, an issue is determined,the assessors will identify the properties affected by the issue and define value changes needed,then present the findings to the Board. Property Identification: Property Owner Epsilon of Phi Gamma Appellant(if different) George Smith Delta Inc. Property Address 1 108 W. Cameron Street Parcel ID or Abstract 9788364372 Statement of Appeal: Request a reduction in value based on the value of comparable properties. Current Assessed Value $2,592,800 County Opinion $2,592,800 Time of Hearin 2:01 PM Appellant Opinion $2,075,200 County Representative Roger Gunn Board Decision $2,592,800 Evidence submitted by the appellant: • The representative for the appellant states in the appeal form that their opinion of value was based on comparable properties. Evidence submitted by the county representative: • Per our appraisal consultant, "This is one that is so specific in location that the value probably needed more of a push upward. I included two very old sales,but they are adjacent or nearly so and are very,very similar. Adjusted even 3%/yr. for time,they would indicate a much higher value per square foot than the current assessment. A small counterbalance is that 108 W. Cameron is large, and we don't know what the condition is. Overall,the sales support the assessment or a higher value." • Photograph of Subject • Location Map of Subject • Current Property Record Card of Subject • Sales Comparison Approach for Subject Motion of the Board Accept the Coun 's recommendation of no change in value Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For Leon Meyers Voted Against Property Identification: Property Owner I M4 Property Management Appellant(if different) Brian McGregor