Orange County NC Website
Docusign Envelope ID: BE7173ED-52F6-47B6-A7EB-347CE2C7F857 <br /> Evidence submitted by the appellant: <br /> • Smallest unit <br /> • Habitat home <br /> • Values based on Waterstone units <br /> Evidence submitted by the county representative: <br /> • The value was reduced during the BOER ordered revaluation of Habitat Homes to$149,100 <br /> which is less than the appellant's opinion of value. She agreed to go on the Consent Agenda but <br /> did not return the form before the scheduled appeal. <br /> • No further change in value. <br /> Motion of the Board Accept County's Proposed Value: $149,100 No change in value <br /> Made the motion Richal Vanhook <br /> Seconded the motion Saru Salvi <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Robert Medred Appellant(if different <br /> Property Address 1121 NC 86 N Parcel ID or Abstract 19865861928 <br /> Statement of Appeal: Request reduction in value based on the position that comparable sales do not <br /> justify the County's market value.No supporting documentation was provided. <br /> Current Assessed Value $642,000 ounty Opinion $642,000 <br /> Time of Hearin 10:05 AM Appellant Opinion $550,000 <br /> County Representative Cyle Anderson Board Decision $642,000 <br /> Evidence submitted by the appellant: <br /> • The appellant states that sales of comparable property do not justify the County's market value. <br /> No supporting documentation was provided with this appeal. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 13.31-acre tract improved with a 2,888-square-foot single-family <br /> dwelling, located at 1121 Highway 86 North in Hillsborough. The appellant did not submit any <br /> supporting documentation with this appeal. <br /> • County staff reviewed a sales analysis of three properties located within the subject's <br /> neighborhood. Comparable sale one is improved with a dwelling that is larger than the subject <br /> and of a lower grade, resulting in a lower price per square foot when compared to the subject <br /> property. Comparable sales two and three are vacant land sales that are substantially smaller <br /> than the subject and have less road frontage; as a result,these properties exhibit a higher price- <br /> per-acre. All three comparable sales share the same AC-9 land pricing base rate as the subject <br /> property. <br /> • After review of the available market data, and in the absence of supporting documentation <br /> from the appellant, County staff recommends no change to the current assessed value of <br /> $642,000. <br />