2025_10_02 BOER Minutes - Laserfiche WebLink

Browse Search

Docusign Envelope ID:83F80E7A-C8A7-4286-A6DF-737199F90FC2 • The County has provided a combined Sales and Equity Analysis in which the most recent and similar sized homes to the subject were analyzed. The February 2024 sale of the same model at 802 Journey Lane was also included for reference. • Based on these sales, it does appear sales prices were beginning to decline in the latter part of the year. As a result of the analysis and the appellant's evidence,the following adjustments are recommended: correct the bath count of the subject from 2.5 baths to 3 full baths and apply a .90 construction modifier to the building. • These recommended adjustments would lead to a revised value of$409,000 for the subject property. • Photograph of Subject • Location Map of Subject • Current Property Record Card • NBC 3018 Sales (2023-2024) • Sales and Equity Analysis • Proposed Property Record Card Motion of the Board Accept County's Proposed Value: Apply a.90 construction modifier to the building resulting in a revised value of$407,100 Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner I Bonnie A Layman Appellant(if different) Property Address 3.88 acres on Dairyland Parcel ID or Abstract 9850980368 Road Statement of Appeal: Request a reduction in value based on an independent appraisal. Current Assessed Value $363,000 County Opinion $363,000 Time of Hearin 3:15PM Appellant Opinion $300,000 County Representative Kelly Wells Board Decision $300,000 Evidence submitted by the appellant: • Appraisal, done by local appraiser as of l/l/25,is for$300,000 and represents an 86% INCREASE over the prior Orange County Valuation of$161,600. The $363,000 proposed valuation is a 125%INCREASE over the prior valuation i.e.,more than double the prior valuation. We request utilization of the Appraiser's valuation of$300,000. Evidence submitted by the county representative: • The subject property is 3.88 acres of vacant land on Dairyland Road in Hillsborough. • Based on land sales in the area of similar lots,The County recommends no change in value.