2025_12_17 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD value of PIN 9851081354 be reduced to match the identical contiguous lot, giving it an appraised value of$224,400." Evidence submitted by the county representative: • The subject property is a 10.01-acre vacant tract located at 3129 Silas Lane in Hillsborough. The appellant provided an equity comparable property located beside of the subject property, and requests that the subject's value be reduced to a similar assessment. • After reviewing the appellant's comparable property as well as the subject lot, County staff recommends increasing the subject lot's adjustment from -10%to -35%. This adjustment is larger than the-25%land adjustment that's applied to the appellant's comparable as staff contends that this larger adjustment is appropriate as there is a stream running through the middle of the tract. • This proposed adjustment would result in a revised assessment of$194,500 for the subject property. • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $194,500 Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner Susanna Jo Rakusin Trust Appellant(if different) Paul Dubling (Attorney) Property Address Unimproved 2.45-acre Parcel ID or Abstract 9841966827 parcel on Arthur Minnis Road Statement of Appeal: Request reduction in value based on comparable properties. Current Assessed Value $148,700 ounty Opinion $96,600 Time of Hearin 1:34 PM Appellant Opinion $49,000 Revised to $110,250 County Representative C le Anderson Board Decision $96,600 Evidence submitted by the appellant: • The appellant states: "The property is located in the 6ARTHMNS neighborhood. Since the previous assessment conducted in 2021, actual sales of unimproved land have been conducted at an average price of $18,905.38. There have only been two sales of unimproved land at a price higher than$20,000 per acre and the maximum price per acre for any sale was $40,555.56(for Parcel 9852237221) and this sales price is an extreme outlier. PIN 9841966827 is unimproved land in the 6ARTHMNS neighborhood. The current assessed value would place the price per acre at $60,693.88, a figure comparable to the average price per acre of IMPROVED land within the