2025_12_17 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Statement of Appeal: Request reduction in value based on condition. Current Assessed Value $826,500 County Opinion $826,500 Time of Hearin 11:40 AM Appellant Opinion $410,000 County Representative Roger Gunn Board Decision 1 $826,500 Evidence submitted by the appellant: • The appellants are requesting the value be lowered to $410,000 because of the condition of the property. No other support for their opinion of value was submitted. Evidence submitted by the county representative: • The subject has an assessed value of$826,500 or$198.11 per square foot for the 4,174 total square foot day care. The property has a very good infill Chapel Hill location on the bus line and is easy to access from 15-501 and Highway 54. On the downside, it is older and very close to the road. Infill daycares with older construction are rare but typically sell for more than $200 per square foot. Attached is a list of sales of older daycares in good locations within the Triangle area. These sales support the assessment as the subject's value per square foot is well within range indicated by the sales. Also,the subject's 2001 effective year built and 52%total accrued depreciation is felt to accurately reflect the condition of the structure. As a result,no change in value is recommended. • GIS Map of Subject • Current Property Record Card • Older Day Care Sales in Triangle Area Motion of the Board Accept County's Proposed Value: $826,500 No change in value Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Voted Against ... Property Identification: Property Owner Mariakakis Enterprises Appellant if different Property Address 1322 Fordham Boulevard Parcel ID or Abstract 9799246919 Unit 1 Statement of Appeal: Request reduction in value based on flood damage incurred in July 2025 which has rendered the shopping center unleasable. Current Assessed Value $3,267,200 ounty Opinion $3,267,200 Time of Hearin 11:55 AM Appellant Opinion Not Provided County Representative Roger Gunn Board Decision $2,649,200 Evidence submitted by the appellant: • The owner is requesting a lower tax bill as a result of the flood damage incurred in July 2025 which has rendered the shopping center unleasable.