2025_12_09 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: 167B6114-F2FE-40FE-B240-9F96B7861224 • Two closest property sales do not support this valuation. 639 Pine Acres is nearest sale and closest valuation for area: 3 bed, 1,525 sq ft home on 1.52 acres sold for$115,000. Compare to our 3.5-acre lot and 3 bed home at 4,600 sq ft is a multiple of four,not 10. 209 Newberry Lane is another comparable sale but different neighborhood. 3,600 sq ft, 5 bed home on a smaller lot,however, has proximity to Hatch and on city sewer and water which raises value considerably, sold at 825,000. There is no comparable home size sale in past 2 years in this neighborhood, so caution in assessment is reasonable. Evidence submitted by the county representative: • The subject property is located at 629 Council Lane in NBC 7042. The home was built in 2022 and contains 4,613 square feet of living area. • County staff reviewed the submitted data and conducted an analysis of the subject's neighborhood. There were limited sales available, and no sales of homes comparable in size or land characteristics to the subject property. Based on this review,the subject property appears to be over-improved for the neighborhood,prompting the need to extend the search beyond NBC 7042. • County staff analyzed properties both within the neighborhood and two comparable properties outside NBC 7042. Since land rates vary between neighborhoods,the analysis focused primarily on the building component to evaluate how the subject compares to similar high- square-footage dwellings. • Based on the findings,the County recommends applying additional 10%depreciation for functional obsolescence due to the subject property's over-improvement relative to the surrounding market. This adjustment results in a revised value of$1,155,500. • With the application of functional obsolescence depreciation,the County recommends adjusting the value to $1,155,500. • Analysis • Current Property Record Card • Proposed Property Record Card • Maps • GIS Map • Photo of Subject Motion of the Board Accept Count 's Proposed Value: $1,155,500 Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner John D. Billing Appellant(if different) Property Address 8712 Dodsons Crossroads Parcel ID or Abstract 19749998564 Statement of Appeal: Request a reduction in value based on third-party appraisal to establish value backdated to 12/31/2024.