Orange County NC Website
Docusign Envelope ID:A5042F46-AF25-45CO-912B-AADOE81E2977 <br /> number of adjustments and the smallest net and gross adjustments. It is the County's opinion <br /> that Comparable#1 should have received significantly greater weight in the appraiser's <br /> reconciliation. <br /> • Comparable#1 sold for$2,150,000 and was adjusted in the appraisal to $2,145,000. <br /> • Comparable#2 sold for$2,132,500 and was adjusted to$2,139,100. <br /> • To further validate the appraisal conclusions,the County conducted an analysis of <br /> neighborhood sales within NBC 7507. This review confirms that the subject property's <br /> assessed value is consistent with both sales and equity standards for the neighborhood. <br /> • Based on the available appraisal data and County analysis,the County recommends no change <br /> to the current assessed value as the current assessed value is within range of the indication of <br /> values from the adjustments to the comparable sales in the appellant's appraisal. <br /> • Analysis <br /> • Sales Map <br /> • Current Property Record Card <br /> • GIS Map <br /> • Photo <br /> Motion of the Board Accept Coun 's Proposed Value: $2,009,100 No change in value <br /> Made the motion Richal Vanhook <br /> Seconded the motion Leon Meyers <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Eproperty Owner William E. Smith Appellant if different <br /> Property Address 1818 Marions Ford Road Parcel ID or Abstract 19850848926 <br /> Statement of Appeal: Request reduction in value based on condition of yard items, deferred <br /> maintenance, scarcity of comparable properties, and perceived overvaluation of area land. <br /> Current Assessed Value $714,700 County Opinion $706,800 <br /> Time of Hearing 1:34 PM Appellant Opinion $600,000 <br /> County Representative Bill Hiltbold Board Decision $628,900($400k land, $206,400 <br /> home, $22,500 yard items <br /> Evidence submitted by the appellant: <br /> • Structures on property are very old and not well maintained. Most structures other than the <br /> main house are sheds and plywood animal structures. Home has not been updated due to <br /> ownership by a widower in his late 80s. <br /> • No actual comps. Greenbrae new development with covenants and standards to keep values <br /> high is not a comp. Other purchases of land in area shows land is overvalued. <br />