2025_12_17 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD • Tanner Valuations Group reviewed the property and the appeal and noted that there is deferred maintenance on the house. Although their recommendation was to reduce the condition from average to fair and the effective age to the actual year built of 1937, The County,based on the knowledge of renovations in 2014 and listing pictures of the interior, and sales of similar properties in the neighborhood recommends: *Reducing the effective age from 1964 to 1952 and *Increasing the land adjust from-10%to-15%for the easement • These proposed changes would result in a reduction in value from$895,300 to $838,500. • Photo of Subject • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept County's Proposed Value: $838,500 Made the motion Shannon Julian Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: Property Owner Dwight De Bree Appellant if different Property Address 513 North Street Chapel Parcel ID or Abstract 9788595445 Hill,NC, 27514 Statement of Appeal: Request reduction in value based on perceived overstated land value, lack of street frontage, and driveway easement. Current Assessed Value $392,000 ounty Opinion $385,000 Time of Hearin 2:15 PM Appellant Opinion $300,000 County Representative Kelly Wells Board Decision $385,000 Evidence submitted by the appellant: • I am submitting this appeal to contest the 2025 assessed value of my property located at 511 North St, Chapel Hill,NC 27514. 1 believe the current assessment overstates the fair market value of this property as of January 1, 2025. Grounds for Appeal Land Value Valued: $392,000,Reasonable Land Value: $300,000 The land value for 511 North Street should be MUCH LESS than the value of the properties at 525 North Street, 303 N Boundary Street, 309 N Boundary Street, 313 N Boundary Street all within 200-300 feet of this property. *It is a flag lot with no street frontage on North Street or any other street *It is accessed via a driveway easement that is shared by 5 properties *About 20%of the lot is covered by the driveway easement Evidence submitted by the county representative: • The subject property is a.27-acre lot off North Street in th Historic District in Chapel Hill. • Tanner Valuations Group reviewed the property and appeal: