2025_10_21 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: E4EODF38-5118-4696-AD5B-F7C5C7741 FOF • I reviewed the submitted appraisal and the findings as follows: Comparables#1 and#2 are from NBC 7048, in which the land is valued through Ac_9 acreage pricing table. The two comps are not in an established neighborhood like the subject, and the only strong comparison is the size. However,they are all considered to be custom homes with similar locations. The land appears to be the largest issue between the appraisal and the County's value. Based on the appraisal, the subject's land is valued at 29%of its appraisal value, indicated from the sales comparison approach. If we consider the sales prices of Comps. #1 and#2 at the appraisals 29%for land value, the land value will exceed$600,000 in both sales. • I created an analysis of the sold properties within the subject's neighborhood to illustrate the land and buildings values at a price per square foot that includes all attachments. Yard items were broken out. • I took the two sales in the analysis that are also in the appraisal along with the remaining two properties in the appraisal, added their sales prices per square foot based on county records and divided them by the four properties yielding an average price per square foot of$372.86. and when applied to the subject would calculate to an appraised value of$1,459,747. • The County suggests adjusting the land-15%based on plat information of RCD(Resource Conservation District),that restricts development. This will create a new value of$1,482,100, which is approximately 1.5%higher than the appellant's appraisal. • Analysis • Map • Plat • Current Property Record Card • Proposed Property Record Card • Photo Motion of the Board Accept Count 's Proposed Value: $1,482,100 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner Jeffrey Bachar Appellant(if different) Property Address 422 Tinkerbell Road Parcel ID or Abstract 19799643794 Statement of Appeal: Request reduction in value based upon perceived overvaluation and comparable properties. Current Assessed Value $511,900 ounty Opinion $498,100 Time of Hearin 2:50 PM Appellant Opinion $427,840 County Representative Jimmy Milliken Board Decision $498,100 Evidence submitted by the appellant: