Orange County NC Website
Browse       Search
Docusign Envelope ID: EFC2B295-7589-48A0-88CA-A5037E1D20D9 <br /> Property Address 1309 Sylvan Way Parcel ID or Abstract 19870622002 <br /> Statement of Appeal: Request reduction in value based on increase as compared to historical appraised <br /> value. <br /> Current Assessed Value $552,300 ounity Opinion 1 $552,300 <br /> Time of Hearin 3:25PM Appellant Opinion $400,000 <br /> County Representative Jimmy Milliken Board Decision $552,300 <br /> Evidence submitted by the appellant: <br /> • We are writing to formally appeal the 2025 appraised value of our property. The recently <br /> assessed market value of$552,300 does not reflect the true market value of the property based <br /> on both past appraisals and current market conditions. Over the past several years,the <br /> appraised value of our property has remained relatively consistent with market trends. Based <br /> on that history and the current housing market,we believe a more accurate current market <br /> value is approximately$400,000. In addition,the local housing market has experienced a <br /> noticeable decline. This downward trend in property sales,the sharp increase in the appraised <br /> value, and the resulting rise in property taxes would place a significant financial burden on us. <br /> We respectfully request that your office re-evaluate the assessed value of our property. Please <br /> let me know if any additional documentation is needed to support my appeal. Thank you for <br /> your time and consideration. <br /> Evidence submitted by the county representative: <br /> • The subject property is located at 309 Sylvan Way in NBC 7908. The home was built in 2000 <br /> and contains 2,512 square feet of living area. <br /> • County staff conducted a sales analysis of properties within the subject's neighborhood. The <br /> reviewed sales data indicates that the subject property's current assessed value falls within the <br /> market-supported range for similar homes in NBC 7908. The analysis shows the existing <br /> assessment is consistent with neighborhood market trends and comparable property valuations. <br /> • Based on this analysis, the County recommends no change to the current assessed value. <br /> • Photo of Subject <br /> • GIS Map <br /> • Analysis <br /> • Current Property Record Card <br /> • Maps <br /> Motion of the Board Accept Count 's Proposed Value: $552,300 No Change in Value <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 Ka an M. Lavassani Appellant if different <br />