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Docusign Envelope ID:CFFAFF29-39B4-41E3-B543-CDBEE36AF789 <br /> Meeting adjourned 3:00 PM Shannon Julian <br /> Motion Time By Second <br /> To move into recess 1:20 PM Richal Vanhook Shannon Julian <br /> To return to order 1:35 PM Richal Vanhook Shannon Julian <br /> Property Identification: <br /> Property Owner Christopher I. Stephens Appellant(if different) <br /> Propefty Address 7823 Dairy Ridge Road I Parcel ID or Abstract 19822530638 <br /> Statement of Appeal: Request reduction in value based on 2018 appraisal and percent of value increase. <br /> Current Assessed Value $634,400 ounty Opinion $634,400 <br /> Time of Hearin 1:00 PM Appellant Opinion $475,000 <br /> County Representative Cyle Anderson Board Decision $634,400 No change in value <br /> Evidence submitted by the appellant: <br /> • The appellant states that the subject property appraised for$363,100 in 2018 and further notes <br /> that the current assessment reflects a 30%increase over the prior year's assessed value. No <br /> supporting documentation was provided with this appeal. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 5.61-acre tract improved with a 2,688-square-foot single-family <br /> dwelling, located at 7823 Dairy Ridge Road in Mebane. Per the appellant's request, County <br /> staff were unable to conduct a physical inspection of the property. <br /> • County staff reviewed a sales report and identified one comparable sale within the subject's <br /> neighborhood: 7809 Dairy Ridge Road. This property sold in March 2021,which is close to the <br /> date of the last countywide reappraisal. The sales price of this comparable was $420,000, and <br /> its current assessed value is $573,000an increase of 36%. This assessed value reflects <br /> trending for both the time elapsed since the sale and the strong market appreciation that has <br /> occurred since March of 2021. Countywide and locally,property values have increased by an <br /> average of more than 50%between 2021 and 2025. <br /> • After review, and without the benefit of a site inspection, County staff recommend no change <br /> to the current assessed value of$634,400. <br /> • GIS Map <br /> • Sales Analysis <br /> • Subject Comp Aerial Photo <br /> • Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $634,400 No change in value <br /> Made the motion Saru Salvi <br />