2025_11_19 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: F69F6FC6-EFB7-4BA4-AC17-3EC64A01A42C Current Assessed Value $696,900 County Opinion $696,900 Time of Hearin 1:33 PM Appellant Opinion $506,900 County Representative Bill Hiltbold Board Decision $696,900 No change in value Evidence submitted by the appellant: • I am appealing the 2025 assessed value of my property at 108 Macrae Court,Chapel Hill,NC (Parcel ID 9880147868),which was increased from$419,100 in 2024 to $696,900 in 2025 —a 66%increase in one year. This change does not reflect actual market conditions or the property's current value. My home is a 2,662 square foot,4-bedroom,2.5-bath single-family home, built in 1996, in average condition with no significant upgrades or renovations. • My house was built in 1996 and has had no major renovations or upgrades since construction. Key items that reflect deferred maintenance or dated condition include: Original kitchen and bathrooms (nearly 30 years old) -Worn flooring and outdated fixtures -HVAC system over 15 years old These factors impact the home's marketability and resale value when compared to recently updated homes in the neighborhood,many of which have sold in the $670,000— $680,000 range despite being modernized. Evidence submitted by the county representative: • Please see the analysis report. The 2023 and 2024 sales are listed at the top and summarized below the black line. The close comparisons are almost identical to the subject in finished area, year built, effective year built(they are depreciated equally to the subject), all have grade A- 15, and equal in bath/fireplace counts. The subject is presently$4,000 to $11,000 less than the mean and median of the close comparisons. Price per square foot of the subject is less than the mean and median of close comps. and between the mean and median of sale price per square foot. The subject appears valued correctly within this neighborhood. 1. Photo 2. GIS Map 2. Analysis report 3. Property Record Card Motion of the Board Accept County's Proposed Value: $696,900 No change in value Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Property Identification: Property Owner Conor Tighe Appellant if different Property Address Lot 23, Hill Street Parcel ID or Abstract 19778975832 Statement of Appeal: Request reduction in value based on land value of neighboring properties. Current Assessed Value 1 $80,000 1 County O inio 1 $80,000 Time of Hearin 1:48 PM I Appellant O inion 1 $61,600