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Docusign Envelope ID: EFC2B295-7589-48A0-88CA-A5037E1D20D9 <br /> Property Owner Jianhua Huang Appellant(if different) <br /> Property Address 106 Covington Drive Parcel ID or Abstract 19890419641 <br /> Statement of Appeal: Request reduction in value based on condition. <br /> Current Assessed Value $391,100 ounty Opinion $391,100 <br /> Time of Hearin 3:06PM Appellant Opinion $305,000 <br /> County Representative Jimmy Milliken Board Decision $373,400 <br /> Evidence submitted by the appellant: <br /> • We are submitting this letter to appeal the property tax assessment for our home located at 106 <br /> Covington Drive, Chapel Hill,NC 27514. <br /> • After reviewing the Orange County Property Record about the land value and building value <br /> of our property,plus numerous physical issues with the property,we believe it warrants a <br /> reassessment. Many cracks and fractures interior and exterior, subsidence of the foundation. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 106 Covington Drive in NBC 7450. The parcel is lot-valued <br /> at$250,000, and the dwelling was built in 1988 with 1,452 square feet of living area. <br /> • County staff reviewed the land pricing of the submitted comparables: <br /> 0 9890-51-2638 and 9890-53-3147 are located in NBC 7426, which carries abase land <br /> rate of$300,000 under the AC-9 pricing model. <br /> 0 9799-86-2827 and 9799-87-4049 are located in NBC 7414, which is lot-valued at <br /> $145,000 per lot. <br /> • These variations in neighborhood codes,base rates, and valuation methods account for the <br /> differences among the submitted land values. <br /> • The subject dwelling was built in 1988 and has an Effective Year Built(EYB)of 1988,which <br /> is appropriate given the information available. The building also carries an existing 20% <br /> physical depreciation to reflect its condition. <br /> • Based on the evidence submitted and the analysis conducted by County staff,the County <br /> recommends no change to the current assessed valuation. <br /> • Photo of Subject <br /> • GIS Map <br /> • Analysis <br /> • Current Property Record Card <br /> Motion of the Board Value Changed as Follows: $373,400 <br /> Made the motion Saru Salvi <br /> Seconded the motion Barbara Levine <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner I Jian Dong Appellant if different <br />