Orange County NC Website
Docusign Envelope ID:C9B7EE17-4ADA-4424-B141-343369361698 <br /> Statement of Appeal: Request a reduction in value based on the value of comparable properties,the <br /> condition of the home and incorrect data on the current property record card. <br /> Current Assessed Value $435,900 County Opinion $416,400 <br /> Time of Hearin 1:26 PM Appellant Opinion $283,000 <br /> County Representative Jimmy Milliken Board Decision $346,000 <br /> Evidence submitted by the appellant: <br /> • Inconsistent Comparisons to Nearby Properties: 1)Parcel#9890533147 with 0.41 acres is <br /> valued less than our 0.14 acre property.2)Parcel#9890512638 with 2.64 acres,is valued at <br /> $673,200,meaning our 0.14 acre lot should proportionally be worth about$35,700. <br /> • Property Condition Concerns: 1) Cracked foundation slab and visible fractures in both interior <br /> and exterior walls 2)Cracked driveway and garage floor 3)All original windows,many of <br /> which do not close properly, causing insulation and energy efficiency issues 4) Outdated <br /> fiberglass attic insulation 5)Polybutylene plumbing, <br /> • Incorrect Lot Size on Record: The Property Record Card incorrectly states our lot size as 1 <br /> acre. Our lot size is only 0.14 acres. This incorrect lot size has resulted in a land valuation of <br /> $250,000,which is grossly inflated. Based on nearby properties and proportional value <br /> comparisons(e.g.,parcel#9890512638 with 2.64 acres valued at$673,200),our land should <br /> reasonably be valued around$35,000. <br /> Evidence submitted by the county representative: <br /> • Subject property is in NBC code 7450 and lot priced at 250,000. The appellant's comparables <br /> 9890533147 &9890512638 are in NBC code 7426 and are Ac_9 acreage priced with a <br /> 300,000 base price. As for the properties noted in the appellant's supplemental document, 94 <br /> Perry Creek Drive is in NBC 7450 and does not have a land adjustment, sold for$649,000 and <br /> is valued at$611,400. 279 Erwin Road is in NBC 7426 and is Ac_9 base priced as the noted <br /> appellant's Comparables#1 &#2.No adjustment to the subject land value is recommended. <br /> • The County does suggest increasing the additional physical depreciation from 5%to 15% for <br /> multiple cracks in the foundation,which would create a revised overall value of$416,400. <br /> • Analysis Report <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Value Changed as Follows: Adjust building value to$146,000 <br /> and lot value to $200,000 resulting <br /> in a revised value of$346,000 <br /> Made the motion Leon Meyers <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner I W.Kimball Griffin Jr. Appellant if different <br />