2025_09_25 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:3F8FF723-F74B-4D5B-A034-43FF8E859565 b) Since 2010 the subject has had a 12%Economic/Functional Depreciation. This was applied to compensate for a floor plan with 2 living areas. This is to remain with no change to valuation. c)The current recorded room count is 2 bedrooms and 3.5 baths.A review of the appraisals submitted show 3 bedrooms and 3.5 baths. Bedroom count does not affect assessment value. No change in value. d) The garage per the appraisal is 430 square feet vs 330 square feet currently on the property record.A correction to the sketch now reflects 421 square feet. This adjustment increases the assessed value$1,700. e) The porches were reviewed and corrected. A reduction in value of$9,200 occurred. f)The Actual Year Built and Effective Year Built are equal. This along with the Grade of A is conservative,but no change is being recommended. 2. Land value was addressed by the appellant. Cascade Drive&Falls Road are not comparable to the subject due to being in a different neighborhood code(NBC 7922)and therefore subject to different land values based on sales for those specific neighborhoods. For the subject neighborhood(NBC 7934), including 1103 Blackwood Mountain Road, land is valued per acre based on a$300,000 base rate in the AC-9 pricing model. Land value computations include complex size factors. A straight-line multiplication or division does not generate equitable valuations and are not utilized. • The subject site was reviewed; no land influences are warranted.A Comper report is attached for land value comparison only. The land value of$261,600 has been reviewed and is deemed to be appropriate for this parcel.No change in value. • The recommended changes would reduce the current assessed value of the property from $575,800 to $548,600,a reduction of$27,200. • Current Property Record Card • Proposed Property Record Card • Photos of Improvements • GIS Map • Comper report for land value Motion of the Board Accept Coun 's Proposed Value: $548,600 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Property Identification: Property Owner I Charles B. Riggs Jr. Appellant(if different) Property Address 16602 Fox Trail Parcel H)or Abstract 19835131986 Statement of Appeal: Request a reduction in value based on the condition of the home. Current Assessed Value $168,700 County Opinion $168,700 Time of Hearin 3:35 PM Appellant Opinion $128,000 County Representative Louise Benson- Board Decision $168,700 Lochner