2025_12_18 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: BE7173ED-52F6-47B6-A7EB-347CE2C7F857 Voted For I All BOER Members Voted Against Property Identification: Property Owner KEPSC Hillsborough LLC A ellant(if different) Property Address 715 US 70 East I Parcel ID or Abstract 19874490155 Statement of Appeal: Request reduction in value based on the value without sewer as of January 1, 2025,per appellant's appraisal. Current Assessed Value $1,428,000 ounty Opinion $705,600 Time of Hearin 11:55 AM Appellant Opinion $712,000 County Representative Roger Gunn Board Decision $705,600 Evidence submitted by the appellant: • The value without sewer as of January 1, 2025 is$712,000 per a ellant's appraisal. Evidence submitted by the county representative: • The Town of Hillsborough is in active litigation with the property owner over sewer rights and possible uses. The owner claims that they had assurances of sewer service from the Town that were then withdrawn with no actionable timeline on when sewer service will be available. • The property was assessed assuming that it could be developed in line with permitted uses that require sewer service. The appellant has presented an appraisal from May 2025 that values the property based on the current limitations at$712,000. Given the uncertainty surrounding the future development of this parcel, the County recommends changing the current -15%market adjustment on the parcel to -58%development adjustment which would reduce the current valuation to $705,600. Should the issue surrounding the subject become resolved and sewer made available during this revaluation cycle,the value would revert to the current assessment. • GIS Map of Subject • Current Property Record Card of Subject • Proposed Property Record Card of Subject Motion of the Board Accept Coun 's Proposed Value: $705,600 Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For All BOER Members Voted Against Chair of the B iuSigned by: Leon Meyers 1/1/2026 Recording Secretary: