Orange County NC Website
Docusign Envelope ID:67ADOF44-02C2-4953-B595-13B4C7134235 <br /> *Reducing the land by removing the market adjustment and adding a-23% size adjustment to <br /> account for the Floor Area Ratio restriction on smaller lots resulting in an overall reduction in <br /> value from $580,400 to $466,000 <br /> • Photo <br /> • GIS Map <br /> • Equity Analysis <br /> • Current Property Record Card <br /> Proposed Property Record Card <br /> Motion of the Board Value Changed as Follows: P <br /> 426,300(Recommended changes <br /> plus reduce grade to B <br /> Made the motion Barbara Levine <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner CHNS LLC Appellant(if different) I Adam Brown <br /> Property Address 507 Coolidge Street Parcel ID or Abstract 19788116439 <br /> Statement of Appeal: Request reduction in value based on building rental designation. <br /> Current Assessed Value $321,100 County Opinion $321,100 <br /> Time of Hearin 11:04 AM A ellant Opinion $300,000 <br /> County Representative Bill Hiltbold Board Decision $321,100 No change in value <br /> (but remove Building 2 <br /> Evidence submitted by the appellant: <br /> • "Type" is not DRSFR. <br /> Evidence submitted by the county representative: <br /> • Despite having 0 value,the sketch of Building 2 should not have been on 2025 tax records as it <br /> was not started in 2025. The county recommends removing the sketch of Building 2. Building <br /> 1, a 1952 single family residence,was under renovation as of January 1 and is considered <br /> appropriately valued based on its percentage of completion at that time. The recommended <br /> change results in no change in overall value <br /> • Photo <br /> • GIS Map <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept County's Proposed Value: $321,100 No change in value(but <br /> remove Building 2) <br /> Made the motion Saru Salvi <br /> Seconded the motion Barbara Levine <br />