2025_12_16 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: 117A6550-B7C8-4C77-A70C-OA4FC234B28B Property Owner Robert A. Lee Appellant(if different) Property Address Unimproved 0.95-acre Parcel ID or Abstract 9857531717 parcel on Lake Orange Road Statement of Appeal: Request reduction in value based on equity analysis of seven unimproved properties. Current Assessed Value $176,100 ounty Opinion $176,100 Time of Hearin 2:43 PM Appellant Opinion $78,977 County Representative Scott Zeman Board Decision $176,100 Evidence submitted by the appellant: • The subject property should be valued between$83,134 per acre and$166,535 per acre based on an equity analysis of seven unimproved properties on Lake Orange. Evidence submitted by the county representative: • The subject property is a 0.95-acre unimproved lot off Lake Orange Road. The property was reviewed by a county appraiser without an on-site inspection. • Appraiser observations and recommendations: 1. LAND VALUE: The subject property has a+100%land value adjustment.A+200% adjustment is standard for lake-front properties with unimpeded lake access. The adjustment has been reduced to+100%because part of the lot is within a flood zone.No change is recommended to the adjustment. 2. APPELLANT'S ANALYSIS: The appellant has submitted an equity analysis of seven unimproved lots on Lake Orange. The average assessed value of the seven properties is $83,134 per acre, and this value is used to establish a"low-end" value for the subject property. The highest assessed value of the seven properties is$166,535 per acre, and this value is used to establish a"high-end"value for the subject property. • Some of the lots used in the appellant's analysis are non-perking lots which are assessed at a much lower price per acre. These non-perking lots should not be used as comparables with the subject property. Additionally,PIN 9857873314 is used to establish the "high-end" valuation at $166,535 per acre. However, this property is considered a lake-view property with a+100% land adjustment instead of the standard+200%adjustment for lake-front. 3. SALES ANALYSIS: PIN 9857636847 is the only recent sale of an unimproved lot on Lake Orange. This property sold for$250,000 in 2023 and is considered lakefront with a+200% adjustment. The sale price per acre was $271,739. The subject property is valued at$185,368 per acre. • No change in value is recommended. 1. Appellant evidence 2. Overhead photo of subject 3. Overhead photo of appellant's comparable 4. County sales and equity analysis 5. Current(proposed)property record Motion of the Board Accept Coun 's Proposed Value: $176,100 No change in value Made the motion Leon Meyers Seconded the motion Saru Salvi Voted For All BOER Members