2025_09_09 BOER Minutes - Laserfiche WebLink

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• The appellant is requesting a lower valuation because the "subject property is overvalued and lacks uniformity in land value compared to similar neighbors in the immediate area." Evidence submitted by the county representative: • Per the County's commercial property appraisal consultant review, Triangle restaurant sales and the income approach both support the current assessed value. The County’s recommendation is no change in value. • Photographs of Subject • GIS Map of Subject • Current Property Record Card of Subject • Commercial Property Appraiser Consultant Comments (5 pages) • Triangle Restaurant Sales and Income Approach Motion of the Board Accept County's Proposed Value: $2,012,100 No Change in Value Made the motion Richal Vanhook Seconded the motion Shannon Julian Voted For ... ... Voted Against Saru Salvi ... Property Identification: Property Owner Wendy's Properties LLC Appellant (if different) Property Address 100 Scarlett Drive, Chapel Hill Parcel ID or Abstract 9799682315 Statement of Appeal: Request a reduction in value based on the value of comparable land in the immediate area. Current Assessed Value $1,448,800 County Opinion $1,448,800 Time of Hearing 1:51 PM Appellant Opinion $888,966 County Representative Roger Gunn Board Decision $1,448,800 Evidence submitted by the appellant: • The appellant is requesting a lower valuation because the "subject property is overvalued on a cost approach due to age and depreciation." Evidence submitted by the county representative: • Per the County's commercial property appraisal consultant review, Triangle restaurant sales and the income approach both support the current assessed value. The County’s recommendation is no change in value. • Photograph of Subject • GIS Map of Subject • Current Property Record Card of Subject • Commercial Property Appraiser Consultant Comments (3 pages) Docusign Envelope ID: 97DC2745-D062-4EE9-936D-BE27DFCBF303