2025_10_23 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:79CD4405-B249-4821-8678-6848F09D893C Motion of the Board Accept Coun 's Proposed Value: $451,400 Made the motion Shannon Julian Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Property Identification: Property Owner Burwell Larew Ware Appellant(if different) Property Address 126 Kingston Drive Parcel ID or Abstract 9880540667 Statement of Appeal: Request reduction in value based on rare property, an offer letter and difficulty finding comparable properties. Current Assessed Value $539,500 ounty Opinion $513,200 Time of Hearin 10:48 AM Appellant Opinion $400,000 County Representative Bill Hiltbold Board Decision $513,200 Evidence submitted by the appellant: • I have received an offer from a potential buyer. Their offer of$520,000 is attached,but that was conditional on a visit to the property that is scheduled for August 1. The actual offer could be lower or higher, depending on the visit. • There was only one recent comparable sale since my house is a rare duplex, but I used what sales were available. Evidence submitted by the county representative: • The subject property is a rare duplex in a single-family neighborhood with very few recent sales. Please see the equity analysis. Among the homes within 400 square feet of the subject, all graded B and a median effective year built of 1994(comps. depreciated 31 years),the subject's building value is $95K less and total assessed$142K less than the median of comparable properties. • There is however both a sewer and power line easement crossing the south end of the lot. Please see the plat. In past years there was a 10%reduction of land value for these easements. The county recommends reapplying this factor. 1. Photos 2. GIS Map 3. Plat 4. Equity analysis 5. Current property record card 6. Proposed property record card County Recommendation: • If approved by the board the building value would remain at$276,000,the land value would decrease from $263,500 to $237,200 and total assessed value would decrease from $539,500 to $513,200.