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Docusign Envelope ID:79CD4405-B249-4821-8678-6848F09D893C Statement of Appeal: Request reduction in value based on zoning designation. Current Assessed Value $554,700 County Opinion $451,400 Time of Hearin 10:31 AM ApPeRant Opinion r454,700 County Representative Cyle Anderson Board Decision 1 $451,400 Evidence submitted by the appellant: • The appellant states that the subject property is zoned Rural Agricultural (RA)and contends that the current tax assessment does not accurately reflect this zoning designation. The appellant further asserts that the property does not have access to public water, sewer, or fire hydrants, which they believe negatively impacts the property's value. Evidence submitted by the county representative: • The County has conducted a physical inspection and recommended several changes to the assessment of the subject property located at 2903 NC Highway 86 N,in Hillsborough. The key updates include: • Revising the property features: - Convert the dwelling's description/sketch from AABSUF (Attached Addition/Unfinished Basement)to AA/MS (Attached Addition/Masonry Foundation). - Change the glazed porch(GP)to an enclosed porch(EP). • Adjusting the condition and value of structures: • - Change the dwelling condition from average to fair. • - Reduce the farm building value from$3,300 to$900(poor condition). • - Reduce the garage value from $3,500 to $500(poor condition). • The physical changes will lower the building value from$97,100 to $79,100 and yard item values from $7,300 to $1,400. • Land assessment adjustments: • Increase the land adjustment from -15%to -30%due to topography issues, leading to a reduction in land value from$450,300 to $370,900. This accounts for rocky, sloping terrain, as well as a creek and flood-prone areas, which significantly impact the marketability of the subject property. • Overall, these recommended changes will decrease the total assessment from$554,700 to $451,400, aligning the revised property value at$451,400. • Subject Photo(Front) • Subject Photo(Back) • GIS Map • Property Record Card Before Changes • Property Record Card After Changes