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Docusign Envelope ID:A601AB7D-8806-49E3-97E5-610E08400673 Property Address 14643 Owls Wood Lane Parcel ID or Abstract 0802034802 Statement of Appeal: Request a reduction in value based on values of comparable homes in the same neighborhood and incorrect data on the current property record card. Current Assessed Value $2,849,500 County Opinion $2,255,400 Time of Hearin 3:15PM Appellant Opinion $2,028,336 County Representative Jimmy Milliken Board Decision $2,255,400 Evidence submitted by the appellant: • 2025 Orange County assessments for all neighboring homes value the buildings at an average price per square foot of$211. The subject property at 4643 Owls Wood Lane is being valued at $284/sq. ft. even though the property is 26 years old and has not undergone any major renovation. Please see attached spreadsheet which shows all adjacent properties and their property valuations per 2025 Orange County assessment.Unfair to value subject 26-year-old property at a significant higher price per square feet than all adjacent properties except for the one that was newly built in 2024. The average price per square foot(including the 2024 new custom home)would be$211/sq ft. Applying that average price to 6,434 sq feet gives a total building value of$1,359,736 vs the 2025 assessment of$2,180,900. • Gross living area per attached appraisal is 6,434 sq. ft. vs the 7,675 listed on the 2025 Orange County Assessment. Evidence submitted by the county representative: • The subject property is located at 4643 Owls Wood Lane,was built in 1999, and has 7,123 square feet.An older appraisal was submitted to assist with correcting the listing of the house. The finished living area was corrected from 7,675 square feet to 7,123 square feet(main house 6,434 square feet and guest house 688 square feet per submitted appraisal. Bath count corrected from 7 full baths to 5 full baths and 2 half baths; fireplace count corrected from 3 to 5 and the open porch corrected to a screened porch. • During the site visit Mr. Kim pointed out two comparable homes in the area. 4406 W. Cornwallis Road was most comparable to the subject property. Size and along with a guest house and pools,make them very similar. After reviewing both properties,the grade was adjusted for the subject from AA to A+70 and the effective year built was adjusted from 2009 to the year built, 1999 due to no upgrades to the property. • The properties on Owls Wood Lane and the surrounded properties in NBC 7019($100,000 base rate)are assessed at different base rates even though they are in the same neighborhood 7019,because Owls Wood Lane land sold for more than that of surrounding properties being a restricted subdivision. A premium value($185,000 base rate)was assessed for properties on this street. I reviewed the subject plat which displayed a drainage easement,private road easement and stream/buffers. A-30% adjustment was added to the land for those issues. The result of these changes created a revised value of$2,255,400. • During the visit Mr. Kim requested to be updated of the proposed County value in order to determine if he would appear or not appear at the meeting. I explained the process and the proposed value, and he opted not to appear. • Summary • Current Property Record Card • Proposed Property Record Card • Maps 0 Photo of Subject