2025_11_11 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:9059FA55-A276-4268-BB65-EOBFOD9AD45E Time of Hearin 1:50PM Appellant0pinion $327,127 County Re resentative Kelly Wells Board Decision $279,200 Evidence submitted by the appellant: • Recent purchase of this parcel(9787515200) ,which was bought together with adjacent parcel and house(9787513647)was executed at a sale price of$1,145,000 total for both parcels. Assuming the same parcel: parcel ratio of value used in the Orange County Tax Appraisal,then this parcel would have a market value of$327,127 per recent purchase price. Evidence submitted by the county representative: • The subject property is 3.83 acres of vacant land located off Old Orchard Road in Chapel Hill. • The subject property sold with another property in May 2025 for$1,145,000 and an appraisal was done for the lender at the time of the sale recommending a value of$1,030,000. Both the sale and the appraisal are outside the scope of the revaluation dates. • Based on physical attributes of the property,the County recommends adding an adjustment on the land of-30%for access and the streams throughout the property resulting in a revised value from $398,800 to $279,200. • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $279,200 Made the motion Leon Meyers Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner Silas Wong Appellant(if different) Property Address 910 Old Orchard Road Parcel ID or Abstract 9787513647 Statement of Appeal: Request a reduction in value based on an independent appraisal. Current Assessed Value $995,900 County Opinion $855,700 Time of Hearin 1:59PM Appellant Opinion $817,873 County Representative Kelly Wells Board Decision $855,700 Evidence submitted by the appellant: • Recent appraisal of this home(9787513647) ,which was bought together with adjacent land parcel(9787515200)was determined to be$1,030,000 total for both parcels. Assuming the same parcel: parcel ratio of value used in the Orange County Tax Appraisal,then this parcel would have a value of$735,729 per third party appraisal.