Orange County NC Website
Docusign Envelope ID:6E3F16AO-BC7B-4F9D-B4E9-B4OC6D98AOA9 <br /> Statement of Appeal: Request a reduction in value based on the value of comparable properties. <br /> Current Assessed Value $916,400 County Opinion $916,400 <br /> Time of Hearin 4:02PM Appellant Opinion $626,200 <br /> County Representative Jimmy Milliken Board Decision $854,000 <br /> Evidence submitted by the appellant: <br /> • As Orange County residents for 30 years,we deeply appreciate how Orange County strives for <br /> transparency, accuracy, and equity in our countywide revaluation process. In that spirit, we <br /> take this opportunity to express our concern about the assessed 2025 re-evaluation of$916,400 <br /> for our parcel#9870502085 with Legal Description: 1 Camden P61/174. We humbly state that <br /> this property should be valued lower because of the reasons outlined on our formal appeal. <br /> Evidence submitted by the county representative: <br /> • Property Review Summary— 1000 Camden Lane(NBC 7782) <br /> • The subject property is a two-story home with both finished and unfinished basement areas, <br /> located in NBC 7782 at 1000 Camden Lane. It was constructed in 1994 and contains <br /> approximately 4,261 square feet of living area. <br /> • Upon review of the submitted documentation,Table#1 consists of properties located within <br /> NBC 7782 that are lot-valued,while Table#2 includes properties outside the neighborhood <br /> which are valued using the AC-9 pricing table(NBC 7003). These external comparables do not <br /> provide an accurate reflection of the subject neighborhood's valuation characteristics. <br /> • It should be noted that value history and percentage increases are not determining factors in <br /> assessing the current fair market value of a property. The appellant referenced road noise as an <br /> influence on marketability; however,this factor was previously considered, and an adjustment <br /> was applied during the prior Board of Equalization and Review(BOER),which remains in <br /> effect on the current assessment. <br /> • An analysis of recent sales within NBC 7782 was conducted, and the findings indicate that the <br /> subject property's assessed value remains consistent and aligned with neighborhood market <br /> trends. <br /> • Based on this review and supporting data, the County recommends no change to the current <br /> valuation. <br /> • Analysis <br /> • Current Property Record Card <br /> • Maps <br /> • Aerial Photo <br /> Motion of the Board Value Changed as Follows: $854,000 <br /> Made the motion Leon Meyers <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> 1 Property Owner I Woods Brothers Inc. Appellant(if different) <br />