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Docusign Envelope ID:2AE380D6-CCFA-4E2C-9964-9023855FBC51 o Comparable#1 — 103 Braswell Court(NBC 7483): Base land rate of$330,000, adjusted - 20%for floodplain influence. Construction grade of C+10. Sold on February 9, 2023, for $435,000, with an assessed value of$468,400. o Comparable#2—607 Church Street(NBC 7110): Base land rate of$275,000, adjusted - 20%for lot size. Construction grade of C+10. Sold on June 6,2023, for$515,000, with an assessed value of$475,000. • After review, the submitted comparables are determined not to accurately represent the market conditions or valuation patterns within NBC 7120, as they are drawn from different neighborhoods with differing land rates and adjustment factors. • A vacant land sale at 123 South Graham Street,located within NBC 7120,was listed in March 2023 for$350,000 and sold in May 2023 for$360,000,providing a more reliable indicator of land market value for this neighborhood. • Upon review of the property,the County recommends lowering the effective year built from 1990 to the actual year built of 1983, as no major updates or renovations have been identified. • An analysis of sales within NBC 7120 over the past four years was conducted to support this conclusion. Based on this analysis and verified neighborhood data,the County recommends a revised total property value of$590,800. • Analysis • Sale Map • Current Property Record Card • Proposed Property Record Card • Comparable Properties Map • GIS Map Motion of the Board Accept Count 's Proposed Value: $590,800 Made the motion Leon Meyers Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: i Property Owner I Cynthia Faye Williams Appellant(if different) Andrew Simpson Property Address 1 119 S. Merritt Mill Road Parcel ID or Abstract 19788059403 Statement of Appeal: Request reduction in value based on position that valuation exceeds fair market value, condition, comparable property values, and neighborhood vertical equity concerns. Current Assessed Value $460,400 ounty Opinion $422,800 Time of Hearin 12:05PM Appellant Opinion $336,600 County Representative Jimmy Milliken Board Decision $388,200 Evidence submitted by the appellant: • To Whom It May Concern: o This firm represents Ms. Cynthia Williams in this appeal of the 2025 assessed valuation for her property at 119 S Merritt Mill Road in Chapel Hill. The County initially assigned a value of$496,600 to the parcel,which was later reduced to $460,400 following