2025_10_16 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:74C3A9E3-D768-4955-8605-370E577359C1 Property Identification: Property Owner Benjamin Yellen Appellant(if different) Property Address Lot B-Rev, Biron Lane Parcel ID or Abstract 10807676016 Statement of Appeal: Request a reduction in value based on offers received to purchase the property. Current Assessed Value $188,200 ounty Opinion $169,400 Time of Hearin 2:30PM Appellant Opinion $95,000 County Representative Cyle Anderson Board Decision Continue appeal to a later date Evidence submitted by the appellant: • The appellant provided two recent unsolicited offers for the subject property as supporting documentation. The appellant states that the offers were received via mail. Evidence submitted by the county representative: • The subject property is a 5.83-acre vacant tract located off Biron Lane in North Hillsborough. The County visited the lot for physical inspection. In reviewing the appellant's supporting documentation,the two offers to purchase are from investors who are looking to purchase land at discounted rates. The County contends that these offers do not represent true market value. The County performed a sales analysis of four vacant lots sold in proximity to the subject property. Comparable sale#1 is beside the subject property and has the same base rate of $60,000 per acre. The price per acre of comparable sale#1 is less than the subject property because it's almost twice as large. As acreage increases,the price per acre decreases. The other three comparable sales are located in neighborhood code 5002. Neighborhood 5002 has a base rate of$66,000 per acre. Two of the three comparable sales are much larger tracts than the subject property, so their price per square foot is lower. After review, the County recommends applying a-10%topography adjustment to the subject to account for a stream that runs up the right side of this tract. This adjustment would lower the assessed value to $169,400. The County recommends a revised value of$169,400 for the subject property. • Photo of Subject • GIS Map • Sales Analysis • Aerial Photo of Map of Comparable Sale#1 • Aerial Photo of Map of Subject's Neighborhood 1002 • Aerial Photo of Map of Neighborhood 5002 • Current Property Record Card • Proposed Property Record Card Motion of the Board Continue to a Future Date/Time: Continue the appeal to allow the appellant an opportunity to provide a copy of the perc test Made the motion Barbara Levine Seconded the motion Saru Salvi Voted For All BOER Members