2025_12_18 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID: D8F1F6B3-4E5C-46D1-9276-28B887499D7C Property Address 16801 Industrial Drive Parcel ID or Abstract 9834088521 Statement of Appeal: Request reduction in value based on the contention that the County has the incorrect gross building area on the property record and based on industrial sales in the Triad area. Current Assessed Value $42,744,900 County Opinion $35,935,300 Time of Hearin 1:10 PM Appellant Opinion $38,800,000 County Representative Roger Gunn Board Decision $35,935,300 Evidence submitted by the appellant: • The appellant is requesting a reduction in value based on the contention that the County has the incorrect gross building area on the property record and based on industrial sales (sales dates notprovided)in the Triad area. Evidence submitted by the county representative: • The County contended that the subject property,the ABB facility(formerly General Electric) in Mebane contained 679,090 square feet of gross building area. This amount was derived from a prior inspection of the subject property as part of a former PTC appeal when the property was owned by GE and the more recent 2020 warehouse and two-story office addition by ABB. Upon architectural plans as well as physical measurement of the facility, it was determined that the property has 552,964 square feet of gross building area. As a result of the remeasurement, the County has consolidated the former 19 building section cards into 9 cards as well as adding a canopy,paving, and office and storage mezzanines and updating effective year built for the various improvements. • Attached are our commercial appraiser consultant's comparable industrial sales. The indicated value from these sales is $65 per square foot, and when applied to the subject property yields a value of$35,942,660. Applying to County's schedule of values,the County recommends adjusting the value to $35,935,300. • The agent's emailed acceptance of this value is attached. • GIS Map of Subject • Current Property Record Card • Proposed Property Record Card • Comparable Industrial Sales • Agent's Acceptance of Proposed Valuation Motion of the Board Accept Coun 's Proposed Value: $35,935,300 Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: