Orange County NC Website
Docusign Envelope ID:A5042F46-AF25-45CO-912B-AADOE81E2977 <br /> 4. Current property record card <br /> 5. Proposed property record card <br /> Motion of the Board Value Changed as Follows: $1,313,100 (50%land adjustment for <br /> flood lain <br /> Made the motion Leon Meyers <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Eroperty Owner Justin Gettings Appellant(if different) <br /> Property Address 113 Founders Ridge Drive Parcel ID or Abstract 19787352708 <br /> Statement of Appeal: Request reduction in value based on appraisal. <br /> Current Assessed Value $2,009,100 County Opinion $2,009,100 <br /> Time of Hearin 1:18 PM Appellant Opinion 1,878,957 <br /> County Representative Jimmy Milliken Board Decision $2,009,100 No change in value <br /> Evidence submitted by the appellant: <br /> • After reviewing the county's valuation,I believe the assessed value exceeds the fair market <br /> value of the property. To support my appeal, I have obtained a private appraisal conducted by <br /> John McPhaul, a certified appraiser, which is enclosed with this letter. The appraisal, dated <br /> 7/15/2025, estimates the market value of my property at$1,878,957,which differs from the <br /> current assessment. <br /> Evidence submitted by the county representative: <br /> • The subject property is located in NBC 7507 at 113 Founders Ridge Drive. It was constructed <br /> in 2021 and contains approximately 5,288 square feet of living area. <br /> • The submitted appraisal was reviewed and includes several comparable sales from different <br /> neighborhoods with varying land rates: <br /> • Comparable#3 —An A+30 quality home with a land base rate of$225,000. <br /> • Comparable#4—An A+75 quality home situated on 11.72 acres, valued using the AC-9 <br /> pricing table with a land base rate of$150,000. <br /> • Comparable#5—An A+70 quality home on 6.75 acres, also valued by the AC-9 pricing table <br /> with a land base rate of$122,000. <br /> • These three sales are generally comparable to the subject in terms of overall quality and market <br /> appeal, except for construction differences noted in Comparable#3 and the significantly larger <br /> lot sizes for Comparables#4 and#5. <br /> • Comparables#1 and#2 are both located within the subject's neighborhood(NBC 7507), and to <br /> the County should be considered the most representative indicators of market value for the <br /> subject being located in the subject's neighborhood with Comparable#1 having the fewest <br />