2025_11_20 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:CFFAFF29-39B4-41E3-B543-CDBEE36AF789 • These recommended changes would reduce the subject property's assessed value to $342,000,bringing its value per square foot in line with the comparable sales used in the County's analysis. • Subject Photo • GIS Map • Sales Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Coun 's Proposed Value: $342,000 Made the motion Shannon Julian Seconded the motion Saru Salvi Voted For All BOER Members Voted Against ... Property Identification: Property Owner Tzu Ming Tsang Appellant(if different) Property Address 107 Stoneridge Drive Parcel ID or Abstract 19881625546 Statement of Appeal: Request reduction in value based on comparable price per square foot. Current Assessed Value $1,181,200 Ounty Opinion $1,181,200 Time of Hearin 1:35 PM Appellant Opinion $909,000 County Representative Jimmy Milliken Board Decision $1,181,200 No change in value Evidence submitted by the appellant: • Sold 3/19/2025. 18 Wedgewood Court, Chapel Hill,NC $750,000/3699=$202 per square foot=_>$202 x 4500 square foot(107 Stoneridge Drive)_ $909,000 Evidence submitted by the county representative: • The subject property is located in NBC 7982 at 107 Stoneridge Drive. It was constructed in 1979 and contains approximately 4,546 square feet of living area. • The property was appealed during the informal review,with a request to reduce the assessed value to $918,292. The appeal was denied due to reliance on a 2025 sale from NBC 7980, which is beyond the established revaluation date of January 1, 2025, and therefore not eligible for consideration. • For the formal appeal,the same comparable sale was resubmitted,with the appellant now requesting a reduced value of$909,000. Given the lack of additional supporting evidence and the existence of only one qualified 2021 sale within the applicable four-year valuation period, the County conducted an equity analysis of properties within NBC 7982. • The analysis confirms that the subject property's assessed value is consistent and equitable in comparison to similar properties within the neighborhood.