2025_08_27 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:3B049A3B-9C71-4C7F-9A22-4634E9166128 • Current Property Record Card of Subject • Proposed Property Record Card of Subject • GIS map Motion of the Board Accept the Coun 's revised value of$830,700 Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For Leon Meyers Voted Against Property Identification: Property Owner Lori T. Barbier Appellant(if different) Mr. Rosenthal Husband Property Address 5019 Timberly Dr Parcel ID or Abstract 9890784360 Statement of Appeal: Request a reduction in value based on the appraised value of the property. Current Assessed Value $979,000 County Opinion $813,300 Time of Hearin 3:20PM Appellant Opinion $640,000 County Representative Jimmy Milliken Board Decision $769,100 Evidence submitted by the appellant: • Appraisal,realtor valuations, analysis of land portion discrepancy. Evidence submitted by the county representative: • The subject property has provided an appraisal using comps from Durham County with land sizes that are much smaller than the subject. There were only three sales from neighborhood 7449, and they were included in the equity analysis and the Comper report. Those reports indicate the land in the submitted appraisal is inferior. The County's evidence supports the land values, and the oldest sale aligns with the subject value. The two latest sales are superior to the subject,but the land also aligns with the subject. The subject property does have a slightly irregular shape and topography. As a result,the County recommends applying a-20%land adjustment which would reduce the value of the subject to $813,300. • Equity Analysis • Comper Report • Current Property Record Card of Subject • Proposed Property Record Card of Subject • GIS map • Photos of Subject Motion of the Board Revise value to $769,100 Made the motion Saru Salvi Seconded the motion Leon Meyers Voted For Richal Vanhook