2025_11_11 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:9059FA55-A276-4268-BB65-EOBFOD9AD45E property devalues the land 40%in the county record. The mean sale price per square foot is $297 and the median sales price per square foot is$292, so the subject's total value per square foot of$294 is between the mean and median. • I visited the property and found the deck is slightly smaller than on the property record and needs maintenance. The county recommends reducing the effective year built from 2014 to 2012 which reduces the total value per square foot to$292 which is the median value for the sale price per square foot. • If the Board accepts these changes the building value would decrease$7,500 to $617,700 and total property value would decrease from $935,200 to$927,700. • Photo of Subject • GIS Map • Analysis report • Current Property Record Card • Proposed Property Record Card Motion of the Board Value Changed as Follows: $855,300 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner David Kaminski Appellant(if different) Property Address 111 High Street Parcel ID or Abstract 9778486372 Statement of Appeal: Request a reduction in value based on a Redfin estimate. Current Assessed Value $430,600 County Opinion $430,600 Time of Hearin 3:41PM Appellant Opinion $354,736 County Representative Dana Hall Board Decision $430,600 Evidence submitted by the appellant: • This is a simple house,2 bedroom, 1 bath, in mediocre condition,that was purchased in 2010 for$150,000. We are pleased that it has gone up in value,but do not believe the fair market value or tax value is $430,600. Checking references and considering condition, we believe the Redfin estimate of$354,736 as being more realistic. Evidence submitted by the county representative: • On November 7,the subject property located at 111 High Street in Carrboro was visited by an appraiser. • A sales analysis was prepared for neighborhood 7203, showing multiple sales within the revaluation date range for comparison. Without knowing which comparables Redfin used to generate their estimate, I would say the most comparable property referenced in the sales analysis report is 807 W. Main Street,which sold for$517,000 on August 3,2023. • Based on this analysis, the County recommends no value change to the current assessed value.