2025_10_29 BOER Minutes - Laserfiche WebLink

Browse Search

Docusign Envelope ID:6A24285A-81 BA-45BO-BD68-Cl1 D7E41 E41F0 $450,000 value with few exceptions. The appellant highlighted the exceptions in the documentation. • The appellant also states that their home has had minimal upgrades, and many of the comparable properties have undergone major renovations. However,the appellant did not state which homes have had such renovations. Evidence submitted by the county representative: • The appellant is correct that most properties in the neighborhood have a$450,000 land value with few exceptions. That is because the properties in NBC 7498 Coker Hills are valued based on the residential lot method as provided for in the Urban Land Schedule on page 62 of the Land Appraisal section of the 2025 Reappraisal Schedule of Rules, Standards, and Values for Market Value and Present-Use Value(SOV). To speak to specific neighborhood properties the appellant highlighted as having a lower assessed land value: 600 Kensington Drive is owned by the Town and has a-99%adjustment for being in the flood zone and floodway. 601 Kensington Drive has a-20%adjustment for being in a flood zone. 626 and 628 Kensington Drive have-10%adjustments for being partially in a flood zone and 630 Kensington Drive has a-5%adjustment for also being partially in a flood zone offsetting an otherwise positive adjustment for its significantly larger size. 211 Huntington Drive has a-10% adjustment for having a power line easement along the rear of the site. As the subject is not affected by a flood zone or power line or is significantly smaller or larger in size than the typical lots in the neighborhood,no adjustment to the land value is recommended. • With regard to the subject's lack of updating,the County recommends reducing the effective year built from 1999 to 1989 (36 year effective age), a 15 year difference from its 1974 actual year built. This change would reduce the value of the subject property to$737,400. • Location Map of Subject • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $737,400 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner I John Lyon Appellant(if different) Property Address 1126 Horton Road Parcel ID or Abstract 19873258547 Statement of Appeal: Request a reduction in value based on the buying/selling restrictions placed on the property by Habitat for Humanity. Current Assessed Value $240,400 ounty Opinion 1 $187,100 Time of Hearin 1:49PM Appellant Opinion $150,000 County Representative Roger Gunn Board Decision $187,100