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Docusign Envelope ID:42EBBFD1-A372-4270-8931-878516787035 <br /> Current Assessed Value $1,011,900 County Opinion $960,700 <br /> Time of Hearin 1:00 PM Appellant Opinion $744,000 <br /> County Representative KellyWells Board Decision $960,700 <br /> Evidence submitted by the appellant: <br /> • Our appeal is based upon the January 2025 Orange County assessment parameters for our <br /> property compared with the three other properties on our same street. In order to say we have <br /> an"equalization of assessed values" among these four properties the general assessment <br /> "yardsticks" should at least be approximately the same. In our earlier appeal submittal,I <br /> illustrated the current misalignment in"yardsticks" utilizing two general parameters: 1) "% <br /> increase in assessed value" since the 2021 assessment, and 2)the change in the "all-in$/square <br /> foot value" since the 2021 assessment. <br /> Evidence submitted by the county representative: <br /> • The purpose of the revaluation is to bring properties to market value,there is no percentage <br /> applied, only corrections made, and values determined based on sales of like properties. <br /> • The subject property is a brick home built in 2012 with 4,191 square feet,4 bedrooms, and 3 & <br /> 1/2 baths on 5.54 acres of land in Hillsborough. The property sold on August 14, 2023 for <br /> $1,190,000. This sale,along with others in the neighborhood,was used in determining the <br /> value. <br /> • The grade was reduced from A+05 to A-10 during the informal appeal to be more equitable <br /> with the other houses on New Isley Trail. <br /> • Upon further review, The County recommends correcting the sketch/square footage of the <br /> home from 4,068 to 4,191 and correcting the story height from 1 to 1.25 stories. These changes <br /> would result in a reduction in value from$1,011,900 to $960,700. <br /> • Photos of subject property <br /> • Listing photos of subject <br /> • GIS Map <br /> • Current Property Record Card of Subject <br /> • Proposed Property Record Card of Subject <br /> • Photos of neighboring properties <br /> • https://www.zillow.com/homedetails/305-New-Isley-Trl-Hillsborough-NC- <br /> 27278/123216840_zpid/ <br /> Motion of the Board Accept the County's revised value of$960,700 <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For Leon Meyers <br /> Voted Against <br /> Property Identification: <br /> Property Owner ADJA Group LLC Appellant(if different) Naa Aku Ankrah <br /> Schreiner <br />