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Docusign Envelope ID:5E70BEDB-1C5C-4D06-AFFC-C88435F8F715 <br /> 9:20 AM Leon Meyers <br /> Meeting adjourned 12:19 PM Richal Vanhook <br /> Related meeting notes: <br /> • Chad discussed Ryan LLC's request to reschedule November commercial appeal dates to <br /> December and potential of adding additional full-day BOER meetings. <br /> • 9779229663 (2218 Pathway Drive): Vote nullified in 10/30/25 PM BOER hearing and continued <br /> for further study as with other Fair Oaks PM hearing appeals. (Motion: Leon Meyers, Second: <br /> Barbara Levine, none opposed) <br /> Property Identification: <br /> Property Owner I Beverly Walton Appellant(if different) <br /> Property Address I 119 Rencher Street I Parcel ID or Abstract 19865926150 <br /> Statement of Appeal: Request reduction in value based on condition and comparable sales. <br /> Current Assessed Value $255,500 ounty Opinion $136,000 <br /> Time of Hearin 9:20 AM Appellant Opinion $145,000 <br /> County Representative C le Anderson Board Decision $136,000 <br /> Evidence submitted by the appellant: <br /> • The appellant contends that the subject property differs significantly from the comparable <br /> sales and therefore should not be compared to them. The appellant further states that the <br /> dwelling was constructed over three separate decades by unskilled laborers who were <br /> neighbors and friends. The appellant cites the overall poor condition of the house as the <br /> primary reason for the appeal. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 0.34-acre tract with a 2,312-square-foot single-family dwelling <br /> located at 119 Rencher Street in Hillsborough. The appellant contends that the subject <br /> property is not comparable to nearby homes that have recently sold due to differences in <br /> construction quality and overall condition. <br /> • County staff visited the property for physical verification and photos and were able to inspect <br /> both the exterior and interior of the dwelling. <br /> • After inspection and review,the County recommends the following adjustments: <br /> - Reduce the Effective Year Built from 1981 to 1956 <br /> - Reduce the Quality Grade from C to D <br /> - Change the Condition rating from Average to Fair <br /> - Apply an additional 15%Physical Depreciation to the dwelling <br /> • These changes are recommended based on the observed quality of construction and the <br /> property's overall condition during the field inspection. The proposed adjustments result in a <br /> revised assessed value of$136,000 for the subject property. <br /> • Subject Photo <br />