Orange County NC Website
<br /> <br /> <br />• This land is for a wastewater spray field. <br /> <br /> <br />Evidence submitted by the county representative: <br />• The subject property is a 1.58 acre vacant lot on Mimosa Drive located in NBC 7408 <br />(Birchwood Lake). <br />• Neighborhood NBC 7408 is valued using the AC-9 pricing table, which establishes a base land <br />rate of $250,000. The subject parcel is unimproved, and its potential for development is <br />unknown. <br />• In accordance with County valuation practices, non-perking or non-buildable parcels—those <br />unable to support conventional septic systems or residential improvements—receive a 75% <br />reduction in land value to reflect limited utility and marketability. The subject property <br />currently reflects this -75% land adjustment in its valuation. This is consistent with the <br />adjustment the parcel received from 2021-2024 when the AC-9 pricing for this neighborhood <br />was $200,000. <br />• Based on the evidence and current valuation standards, the County recommends no change to <br />the existing assessed value. <br />• Current Property Record Card <br />• GIS Map <br /> <br /> <br />Motion of the Board Accept County's Proposed Value: $92,800 No Change in Value <br />Made the motion Saru Salvi <br />Seconded the motion Richal Vanhook <br />Voted For All BOER Members ... <br />Voted Against ... ... <br /> <br /> <br />Property Identification: <br /> <br />Property Owner Mark Siegel Appellant (if different) <br />Property Address 211 Cates Farm Road Parcel ID or Abstract 9779240155 <br /> <br />Statement of Appeal: Request a reduction in value based on comparable sales. <br /> <br />Current Assessed Value $935,200 County Opinion $927,700 <br />Time of Hearing 3:23PM Appellant Opinion $800,000 <br />County Representative Bill Hiltbold Board Decision $855,300 <br /> <br />Evidence submitted by the appellant: <br />• The recent comparable home sales in the neighborhood provided by your own site do not <br />support this valuation. Especially given the current interest rates, economic climate and the age <br />of this house. There are many more recently built homes going up in the neighborhood which <br />will put downward pressure on the value of our home. <br /> <br /> <br />Evidence submitted by the county representative: <br />• The sales analysis for neighborhood 7788 lists all 2023 and 2024 sales with the exception of <br />201 Rock Garden Drive, which is considered unsuitable since a power line crossing the <br />Docusign Envelope ID: 9059FA55-A276-4268-BB65-E0BF0D9AD45E