Orange County NC Website
Docusign Envelope ID:360B6188-lA59-4lB3-B839-FE17A47C9C50 <br /> Time B <br /> Meeting called to order 1:OOPM Saru Salvi <br /> Meeting adjourned 3:55PM Saru Salvi <br /> Motion Time By Second <br /> To move into recess 3:03PM Saru Sam Richal Vanhook <br /> To return to order 3:12PM Saru Salvi Shannon Julian <br /> Related meeting notes: <br /> • In the absence of Leon Myers, Shannon Julian served today. <br /> • Richal Vanhook made a motion for Saru Salvi to act as chair for today's meeting. Shannon Julian <br /> seconded the motion. There were no objections. <br /> Property Identification: <br /> Property Owner Bryan A.Yonish Appellant(if different) <br /> Property Address 121 Tremont Circle I Parcel ID or Abstract 19880243901 <br /> Statement of Appeal: Request a reduction in value based on incorrect data on the current property record <br /> card and comparable sales. <br /> Current Assessed Value $639,100 ounty Opinion $639,100 <br /> Time of Hearin 1:OOPM Appellant Opinion $560,258 <br /> County Representative Jimmy Milliken Board Decision $639,100 <br /> Evidence submitted by the appellant: <br /> • We are appealing our property tax value for 121 Tremont Circle based on square foot <br /> discrepancy and comps that were not arm's length sales. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 121 Tremont Circle in the Northwood neighborhood(NBC <br /> 7424), was built in 1995 with an effective year built of 1995 and contains 2,306 square feet. I <br /> reviewed the sales of 116 Camille Court, 109 Camille Court and 108 Barton Lane. I find all to <br /> be arm's length transactions based on the Department of Revenue standards. The discrepancy <br /> of square-footage for 112 Tremont Circle is regarding the sales listing and County records. <br /> This property was reviewed as a qualified sale, and the appraiser did not find a discrepancy that <br /> was significant enough to warrant an adjustment to the square footage on the County record. <br /> • Properties with different effective years built are adjusted through the CAMA system <br /> depreciation schedule. <br />