2025_10_16 BOER Minutes - Laserfiche WebLink

Browse Search

Docusign Envelope ID:74C3A9E3-D768-4955-8605-370E577359C1 Property Address 210 Vermillon Lane Parcel ID or Abstract 9779187381 Statement of Appeal: Request a reduction in value based on comparable sales. Current Assessed Value $1,746,300 County Opinion $1,646,300 Time of Hearin 2:02PM Appellant Opinion $1,143,756 County Representative Jimmy Milliken Board Decision $1,646,300 Evidence submitted by the appellant: 0 Our property at 210 Vermillion Lane("Home")was recently assessed at$1,746,300(land $620,000,property$1,126,300). Based on comparable home prices in our neighborhood and in the Burgundy Lane subdivision(where our Home is located),the new assessment of our Home is a drastic outlier among comparable properties. We respectfully request,based on the arguments listed below and the enclosed Exhibits 1-7,that the Orange County Tax Office lower the valuation of the land and property of our Home. Specifically,based on the below referenced factors and comparable properties,we submit that a total valuation of a maximum of$1,143,756.5 (land$193,500;property$950,256.50)is a more appropriate valuation for our Home, which is backed up by the data. Evidence submitted by the county representative: • The subject property is located at 210 Vermillion Lane. This is a one-story property with 4,349 square feet in which 494 square feet is above the garage. Property was purchased in 2022 for $1,675,000 and is currently assessed at$1,746,300. • The comparables submitted are from different neighborhood codes that carry different land rates. The subject is in neighborhood 7986-7BurgundyLn. See NBC map. • I reviewed the submitted documentation and created an analysis of properties within the neighborhood. The subject property has a higher value per square-foot due to being the only one story property in the neighborhood verses the comparables of similar size being multi-story homes creating a lower value per square-foot. • The subject also has more land than the comparables, therefore a size adjustment was needed. The typical land sizes ranged from around..25 acre to around .70 acre,with the subject being 2.15 acres. After reviewing the plat documents, I adjusted the land from+55%to+30%for retaining pond, the storm water maintenance easement and the irregular shape. The adjustments will create a new value of$1,646,300. • Sales Analysis • NBC Map • Plat • Current Property Record Card • Proposed Property Record Card • Photo of Subject Motion of the Board Accept Count 's Proposed Value: $1,646,300 Made the motion Saru Salvi Seconded the motion Barbara Levine Voted For All BOER Members Voted Against