2025_10_28 BOER Minutes - Laserfiche WebLink

Browse Search

Docusign Envelope ID:6E3F16AO-BC7B-4F9D-B4E9-B4OC6D98AOA9 Property Identification: Property Owner Sriv Navaratnam Trustee Appellant(if different) Property Address 11605 Old Oxford Road Parcel ID or Abstract 19799056948 Statement of Appeal: Request a reduction in value based on an independent appraisal. Current Assessed Value $447,400 ounty Opinion 1 $370,000 Time of Hearin 2:02PM Appellant Opinion $356,000 County Representative Jimmy Milliken Board Decision $356,000 Evidence submitted by the appellant: • Submitted an appraisal to appeal the property valuation. • John McPhaul III, Certified Appraiser presented evidence on behalf of the appellant Evidence submitted by the county representative: • Property Review Summary— 1605 Old Oxford Road(NBC 7492) • The subject property is a one-story modular home located in NBC 7492 at 1605 Old Oxford Road. It was constructed in 1973 and contains approximately 1,056 square feet of living area. • The submitted appraisal was reviewed and includes three comparable sales: Comparable#1, located in NBC 7390 with a land rate of$190,000; Comparable#2, located in NBC 7534 with a land rate of$380,000; and Comparable#3,which is larger in square footage but located within the subject's own neighborhood(NBC 7492). Of the three,Comparable#2 is considered the most similar in both land and building size. • An analysis of neighborhood data and appraisal information was completed to evaluate land and improvement consistency. Based on this review,the County recommends an additional 15%reduction in land value, resulting in a total land adjustment of-40%to reflect parcel size and site characteristics. Furthermore,the construction grade should be adjusted from C to C-10 to account for the age and type of modular construction. • These recommended adjustments result in a revised total property value of$370,000. • Summary • Current Property Record Card • Proposed Property Record Card • Maps • Aerial Photo Motion of the Board Value Changed as Follows: $356,000 Made the motion Leon Meyers Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner Carol A. Childers Appellant(if different)