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Docusign Envelope ID:056FE2E5-FAD3-473E-9E3E-E287COF06262 <br /> for a"pieces and parts" argument,but the entire value needs to be appealed. Then there <br /> is an equity argument concerning a number of nearby parcels. Let me know if you <br /> need me to do a deep dive on that argument. A very nearby similar parcel has space <br /> like the subject's for rent at$17/SF NNN,which means the subject is only assessed at <br /> around a 10%cap.Also,the owner does not provide any income data for their <br /> property,which is fully leased. I don't believe there is enough relevant evidence for a <br /> change at this time." <br /> • At the July 23,2025 meeting,this appeal was continued in order for the County to <br /> perform an equity analysis(attached)with other Industrial Flex buildings in the <br /> Hillsborough market area. Upon review,it is the County's recommendation to adjust <br /> the grade of the subject from A to 13+05 to be more equitable with the other properties <br /> in the equity analysis. <br /> • County recommends a change in value to $1,872,800 <br /> • Photograph of Subject <br /> • GIS Map of Subject <br /> • Current Property Record Card of Subject <br /> • Equity Analysis <br /> • Proposed Property Record Card of Subject <br /> Motion of the Board Accept Coun 's Proposed Value: $1,872,800 <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Diane Harrell Trustee Appellant(if different) Joseph Riddle <br /> Property Address 23 acre on Yates Motor Parcel ID or Abstract 9788167051 <br /> Company Alley(Lot 4) <br /> Statement of Appeal: Request a reduction in value based on a recent independent appraisal. <br /> Current Assessed Value $220,000 County Opinion $120,000 <br /> Time of Hearin 1:06 PM Appellant Opinion $120,000 <br /> County Representative Jimmy Milliken Board Decision $120,000 <br /> Evidence submitted by the appellant: <br /> • Appraisal from Keystone Consulting Group <br /> Evidence submitted by the county representative: <br /> • After reviewing the submitted appraisal,The subject is a small dirt lot that has been used for <br /> parking. As suggested from sales comparison in the appellant's appraisal report,it is the <br /> county's recommendation to change the current access adjustment an additional -25%totaling- <br /> 70%to reflect a revised market value of$120,000 for 2025. <br /> • Current Property Record Card of Subject <br />