2025_12_10 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:84157092-C2DE-402A-AE92-3A9DOF65AA54 Motion of the Board Accept Count 's Proposed Value: $150,000 Made the motion Leon Meyers Seconded the motion Richal Vanhook Voted For Leon Meyers Richal Vanhook Voted Against Saru Salvi Property Identification: Property Owner Sophia Renee Mitchell Appellant(if different) Andrew Simpson Property Address 112 Eugene Street Parcel ID or Abstract 19778945945 Statement of Appeal: Request a reduction in value based on the condition of the home and comparable sales. Current Assessed Value $361,900 County Opinion $284,700 Time of Hearin 2:56PM Appellant Opinion $261,000 County Representative C le Anderson Board Decision $251,000 Evidence submitted by the appellant: • The appellant states an opinion of value of$261,000. • This formal appeal is supported by the Orange County Property Tax Justice Coalition, requesting a reduction in value based on the condition of the home and comparable sales. • Hudson Vaughn was called as a witness and presented evidence on behalf of the appellant. Evidence submitted by the county representative: • The subject property is a 0.13-acre tract improved with a 1,128-square-foot single-family dwelling located at 112 Eugene Street in Carrboro. County staff conducted an on-site inspection to obtain photos and reviewed the documentation submitted with the appellant's 2025 informal appeal. After completing this review, County staff recommends the following adjustments: - Reduce grade from C-10 to D+5 - Reduce Effective Year Built to the actual year built - Reduce bedroom count from 4 bedrooms to 3 - Change Condition from Average to Fair - Apply 20%physical depreciation • Additionally,the subject's lot value was reviewed as part of a BOER-ordered neighborhood analysis performed by Tanner Valuation Group. That analysis resulted in a reduction of neighborhood lot values from $250,000 to$225,000, and this revised land rate has been applied to the subject parcel. • County staff also analyzed the two sales comparables submitted by the appellant. The subject's price per square foot is significantly lower than both comparables, which appropriately reflects the lack of updates, and the condition-related issues present in the dwelling. • After inspection and review, County staff recommends a revised assessed value of$284,700 for the subject property. • Photo of Subject • GIS Map • Sales Analysis