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Docusign Envelope ID:2AE380D6-CCFA-4E2C-9964-9023855FBC51 <br /> Time B <br /> Meeting called to order 9:OOPM Leon Meyers <br /> Meeting adjourned 1:02PM Leon Meyers <br /> Motion Time By Second <br /> To move into recess 11:07AM Leon Meyers Saru Salvi <br /> To return to order 11:15AM Leon Meyers Barbara Levine <br /> Related meeting notes: <br /> Saru Salvi motioned to rescind the original vote from 12/09/25 on PIN 9768684975 and to revise the <br /> adjusted value to $1,126,000. Barbara Levine seconded the motion and the motion carried. There were no <br /> objections. <br /> Property Identification: <br /> Property Owner Eva Viola Barnett Trustee Appellant(if different) Andrew Simpson <br /> Property Address 704 W Rosemary Street, Parcel ID or Abstract 9788062518 <br /> Unit A <br /> Statement of Appeal: Request reduction in value based on position that valuation exceeds fair market <br /> value and disconnect between the property's land valuation and building utility. <br /> Current Assessed Value $400,700 ounty Opinion $376,400 <br /> Time of Hearin 9:02AM Appellant Opinion $275,000 <br /> County Representative Kelly Wells Board Decision $301,100 <br /> Evidence submitted by the appellant: <br /> • We respectfully submit that the current valuation significantly exceeds the fair market value of <br /> the property as of January 1,2025, and fails to account for the fundamental disconnect between <br /> the property's land valuation and building utility. <br /> • Hudson Vaughn was called as a witness and presented evidence on behalf of the appellant. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 1,325 sf.Duplex(TTF-Two to Four Family Residence)with 4 <br /> bedrooms, 2 baths,built in 1976 on a larger than average sized lot in the Lloyd/Broad district <br /> in Carrboro. <br /> • All Two-To-Four Family and Designed Rental Single Family Residence are receiving a 30% <br /> adjustment in this neighborhood due to being approved for these uses and the properties' <br /> potential for greater income generation and value compared to single family homes with <br /> otherwise similar property characteristics. <br /> • The land base price was reduced from $225,000 to$200,000 during the BOER ordered <br /> neighborhood review resulting in the current total value of$400,700. <br /> • Tanner Valuations Group reviewed the property and the appeal and recommend reducing the <br /> effective year built from 1985 to 1976 actual year built and increasing the <br />