2025_11_13 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:ADDFB1EB-BBE4-4481-9F18-1365FOBA00KE • Property Record Card Motion of the Board Accept Count 's Proposed Value: $412,600 No change in value Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner Jaime Kozlowski Appellant(if different) Propefty Address 3205 Carriage Trail I Parcel ID or Abstract 19883345764 Statement of Appeal: Request reduction in value based on recent appraisal. Leon recused(see Related meeting notes). Current Assessed Value $662,800 ounty Opinion $662,800 Time of Hearin 3:00 PM Appellant Opinion 1 $637,000 County Representative C le Anderson Board Decision 1 $662,800 No change in value Evidence submitted by the appellant: • The appellant states that this appeal was filed based on the opinion of value of a recent re- appraisal via Penny Mac. The appellant provided this report as supporting documentation. Evidence submitted by the county representative: • The subject property is a 3.56-acre waterfront lot with an 1,800 square foot single-family dwelling located at 3205 Carriage Trail in Hillsborough. The appellant's opinion of value is based on a Broker Price Opinion(BPO)with an effective date of May 27,2025, and an indicated"probable sales price" of$637,000. • County staff reviewed the submitted BPO in detail. While a BPO can provide a general market estimate, it is not equivalent to a certified appraisal,as it does not include a full physical inspection or adhere to Uniform Standards of Professional Appraisal Practice (USPAP). Therefore, the County gives limited weight to the BPO in determining market value. Nevertheless, the three comparable sales from 2024 included in the BPO were reviewed in detail by County staff.None of the comparables are located within the subject's neighborhood, which has a land base rate of$100,000 per acre using AC-9 pricing. The subject tract,being a waterfront lot with a private dock,has a+50%waterfront adjustment applied to the land value. • Comparable 1: 2516 Wyndemere Court—located 0.45 miles from the subject in Neighborhood Code 5610, which has a land base rate of$95,000 per acre using AC-9 pricing. This property is not waterfront. • Comparable 2: 3032 Yates Road—located 2.46 miles from the subject in Neighborhood Code 5006, which has a land base rate of$65,000 per acre using AC-9 pricing. This property is not waterfront.