2025_12_16 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: 117A6550-B7C8-4C77-A70C-OA4FC234B28B Motion of the Board Accept Coun 's Proposed Value: $834,000 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against ... Property Identification: Property Owner Justin Tyler Gladman Appellant(if different) Property Address 306 Faison Road Parcel ID or Abstract 9798662474 Statement of Appeal: Request reduction in value based on condition and comparable properties. Current Assessed Value $1,099,600 ounty Opinion $1,099,600 Time of Hearin 4:15 PM Appellant Opinion $979,815 County Representative Jimmy Milliken Board Decision $1,099,600 Evidence submitted by the appellant: • There have been no major capital improvements to this property since its purchase in 2018. We have replaced a water heater and some HVAC, and we have had some work done to seal the crawl space, but no structural improvements that we would expect to significantly increase its value. • I have done a review of the COMPS database to find appropriate comparables for our property which seems the most appropriate way to determine real Current Market Value. The listed current market value of$1,099,600 falls between the average($1,147,907) and median ($1,092,398)values that I calculated by multiplying our current square footage (3,010 sq ft)by the average/median price per square foot of ALL 13 comps in the Meadowmont neighborhood since the beginning of 2025. Evidence submitted by the county representative: • The subject property is located at 306 Faison Road in NBC 7500. The home was built in 2002 and contains 3,010 square feet of living area. • Review of Submitted Documentation: County staff reviewed the materials submitted with the appeal. The subject property is already listed with an Effective Year Built(EYB)that matches the actual year built of 2002, and no changes to the EYB are warranted based on the information provided. • The appellant submitted seventy-four comparables, many of which are located in different Neighborhood Codes(NBCs), each with differing land rates and market influences. Several of these sales are also 2025 transactions,which occurred after the January 1, 2025, revaluation date and therefore cannot be used for this assessment cycle. • Sales and Equity Analysis: County staff prepared an analysis using current sales and neighboring properties within NBC 7500 to evaluate both market support and neighborhood equity. The findings show that the subject's assessed value is within the supported market range and remains consistent with similarly situated properties in the neighborhood. • Recommendation: Based on this analysis,the County recommends no change to the current assessed valuation. 0 Analysis