2025_11_11 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:9059FA55-A276-4268-BB65-EOBFOD9AD45E • The houses that were used in my evaluation were compared to homes that were completely renovated. My home was built in in the 1950's.We have not done any major upgrades to our home. We basically replace things as they wear out. I'm on a fixed income on disability and my wife works at UNC. The only thing major was a pool 5 years ago. The tax accessor raised my value by$70,000. My understanding is that a pool puts property in a different category. Not everyone wants a pool due to insurance cost and maintenance cost. I understand that taxes go up. But to go up over$250,000 is a stretch. This property has been in our family since the 1970's. We don't plan on selling our house due to our age and the fact we have owned this property for so long. My wife and I have lived in this house for over 20 years. Before that my mother in law Virginia Hill purchased it. I personally know that the house at 306 Ransom St. was used in my evaluation. The owner was an older woman whom I used to help carry in her groceries as I walked by whom had passed away. The home was gutted and basically made into a new home. We also have a lot of students renting in our area. This becomes problem with the noise when students are in class. Game day celebrations and parties are constant. 75%of the homes in this neighborhood are rentals for students. There are very few home owners in and around our area. Evidence submitted by the county representative: • On November 7,2025,the subject property was inspected by Tanner Valuation Group. Based on the observed condition of the property, it is recommended that the Effective Year Built be adjusted to 1982 and that the condition be revised from Average to Fair. • The dwelling is in need of a new roof and gutters. There appears to be a crack in the seal near the fireplace stack. While there is market evidence supporting the current assessed value,the comparable properties used appear to have undergone significant upgrades and renovations that the subject property has not received. • Additionally,the pool, currently listed under the Yard Items,appears to be of C+10 grade quality rather than the previously assessed A+70 grade quality. • Recommended Adjustments: Change Effective Year Built to 1982 Change Condition to Fair Change Pool Grade to C+10 • After these changes, the new recommended value for the property is $830,600. • 7162 Sales Analysis • Comparable Report • Current Property Record Card • Proposed Property Record Card • Photos of Subject • GIS Map Motion of the Board Value Changed as Follows: $780,600 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against