2025_12_10 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:2AE380D6-CCFA-4E2C-9964-9023855FBC51 Motion of the Board Value Changed as Follows: $262,365 Made the motion Leon Meyers Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: Property Owner Richelle Watson Appellant(if different) I Andrew Simpson Property Address 405 Lindsay Street Parcel ID or Abstract 19788175335 Statement of Appeal: Request reduction in value based on position that valuation exceeds fair market value, development limitations, and condition. Current Assessed Value $302,100 County Opinion $281,500 Time of Hearin 10:25AM Appellant Opinion $227,100 County Representative Kelly Wells Board Decision $259,500 Evidence submitted by the appellant: • We respectfully submit that the current valuation significantly exceeds the fair market value of the property as of January 1,2025, and fails to account for severe development limitations and substantial condition deficiencies. • 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 980-sf single family home with 3 bedrooms and 2 baths built in 1999 on a smaller than average lot in the Northside district in Chapel Hill. • The land base rate was reduced from $250,000 to$220,000 and an addition size adjustment added to smaller lots to account for the Floor Area Ratio restriction resulting in the current value of$302,100. • The County recommends increasing the -25%size adjustment to -30%and reducing the effective year built to the actual year built, from 2009 to 1999 resulting in a revised value from $302,100 to $281,500. • Photo • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Value Changed as Follows: $259,500 Made the motion Leon Meyers Seconded the motion Barbara Levine Voted For Leon Meyers Barbara Levine Voted Against Saru Salvi