2025_12_10 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:2AE380D6-CCFA-4E2C-9964-9023855FBC51 Statement of Appeal: Request reduction in value based on position that land value is too high due to Floor Area Ratio restrictions,Market Data Analysis, and perceived systematic neighborhood issues. Current Assessed Value $235,000 ounty Opinion $235,000 Time of Hearin 11:02 AM Appellant Opinion $170,000 County Representative Kelly Wells Board Decision $202,000 Evidence submitted by the appellant: • Land value is too high due to Floor Area Ratio restrictions. • Market Data Analysis. • Systematic neighborhood issues. • 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 816 sf single family home with 3 bedrooms and 1 full bath built in 1961 located in the Northside district in Chapel Hill. • During a BOER ordered neighborhood review,the land base rate was reduced, and an adjustment was made for smaller lots for the Floor Area Ratio restriction,reducing the overall valuation to the current value of$235,000. • The basis of the appeal is the land value is too high due to the restrictions in place in the Northside District. As this has been accounted for and adjusted,The County recommends no change. • Photo • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Value Changed as Follows: $202,000 Made the motion Leon Meyers Seconded the motion Barbara Levine Voted For Leon Meyers Barbara Levine Voted Against Saru Salvi Property Identification: Property Owner Charles AnthonyBooth Appellant if different Andrew Simpson Property Address 306 McDade Street Parcel ID or Abstract 19788188186 Statement of Appeal: Request reduction in value (no evidence submitted). Current Assessed Value $282,700 ounty Opinion $282,200 Time of Hearin 11:15AM Appellant Opinion $150,000 County Representative Kelly Wells Board Decision $266,800