2025_12_17 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD o The subject is a vacant lot located in NBC 7920(Stoneridge). Per assessment records and the Appellant,two adjoining parcels have their septic systems located on the subject lot. o Upon researching the assessment history of the subject lot,it is noted the lot has had a -85%land influence factor since 2005. This is due to the parcel being unbuildable due to having the septic systems noted above. o A search for documentation from prior appeals stipulating a set dollar value was performed. No documentation was located by this appraiser. o NBC 7920 is lot valued at$300,000 per site. It is recommended to change the current - 75%land factor to a-85%land factor to be consistent with the history of the subject. This recommendation reduces the current assessed value$30,000 to a revised 2025 assessment of$45,000. • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Value Changed as Follows: $30,000(-90% adjustment) Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner Dwight Debree Appellant if different Property Address 509 North St. Chapel Hill, Parcel ID or Abstract 9788596302 NC 27514 Statement of Appeal: Request reduction in value based on perceived overstated land value. Current Assessed Value $895,300 ounty Opinion $838,500 Time of Hearin 2:03 PM Appellant Opinion $665,300 County Representative Kelly Wells Board Decision $838,500 Evidence submitted by the appellant: • I believe the current assessment overstates the fair market value of this property as of January 1, 2025. Grounds for Appeal Land Value Valued: $630,000,Reasonable Land Value: $400,000 Evidence submitted by the county representative: • The subject property is a Two-to Four Family building with 3 units with a total of 4 bedrooms and 4 bathrooms built in 1937 on a.33-acre lot on North Street in the Historic District in Chapel Hill. • There is currently an adjustment on the land of-10%for the driveway easement. Although the referenced parcels in the appeal are just down the street,they are considered by The County a different neighborhood and have a different base rate.