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Docusign Envelope ID: D8F1F6B3-4E5C-46D1-9276-28B887499D7C <br /> Time B <br /> Meeting called to order 1:05 PM Leon Meyers <br /> Meeting adjourned 3:45 PM Richal Vanhook <br /> Property Identification: <br /> Property OwnertRavi Kumar Appellant(if different) <br /> Property Addreacre on New Hope Parcel ID or Abstract 9862246076 <br /> n s Drive <br /> Statement of Appeal: Request reduction in value based on recent purchase price and development costs. <br /> Current Assessed Value $8,400 ounty Opinion $8,400 <br /> Time of Hearin 1:05 PM Appellant Opinion $4,500 <br /> County Representative Roger Gunn Board Decision $5,000 <br /> Evidence submitted by the appellant: <br /> • I recently purchased this parcel from Orange County less than 6 months ago, at$4,500,which <br /> was the deemed FV and Tax basis communicated to me by the County at the time of purchase. <br /> There has been no development on this parcel, and there will be no structures built on this <br /> parcel, as the sole purpose is to build a driveway from our private road to New Hope Springs <br /> Drive. <br /> • The parcel is currently undeveloped. We need to remove trees, grade, and build a driveway <br /> through the parcel. None of this work has taken place to date, so there is no reason for the <br /> parcel to double in value on a sale within the past six months. <br /> Evidence submitted by the county representative: <br /> • The subject is a.26-acre vacant tract that was formerly recorded as a public easement and <br /> owned by Orange County. Per Orange County Deed Book 6879,page 2280,the parcel <br /> transferred after the January 1,2025,revaluation date in May 2025 for$5,000. The parcel was <br /> a surplus parcel no longer needed by Orange County and offered for sale to the property owner. <br /> For 2025,the parcel was valued on the AC-9 land valuation method with a base price of <br /> $105,000 and adjusted down-75%for its overall utility. Size of the parcel is considered in the <br /> AC-9 valuation model. As a result, no adjustment is supported. <br /> • GIS Map of Subject <br /> • Current Property Record Card <br /> Motion of the Board Value Changed as Follows: $5,000 <br /> Made the motion Leon Meyers <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner Industrial Connections& Appellant(if different) <br /> Solutions LLC <br />