Orange County NC Website
Docusign Envelope ID:AD7E4ME-13457-4611-A22D-8ED6C7FC34F4 <br /> Related meeting notes: <br /> Leon Meyers motioned to rescind the vote from 12/16/25 on PIN 9864469485 of$208,400 No Change in <br /> Value. Richal Vanhook seconded the motion and the motion carried. There were no objections. <br /> Leon Meyers motioned to rescind the vote from 12/17/25 on PIN 9864975018 and to revise the adjusted <br /> value to $403,200. Saru Salvi seconded the motion and the motion carried. There were no objections. <br /> Richal Vanhook made a motion for Saru Salvi to act as Chair Pro Tern for today's meeting. Saru Salvi <br /> seconded the motion. There were no objections. <br /> Property Identification: <br /> Property Owner Lew Moseley Appellant(if different) Tracey Moseley <br /> Property Address F728 Sinai Circle I Parcel ID or Abstract 19857909519 <br /> Statement of Appeal: Request reduction in value based on six equity comparable properties. <br /> Current Assessed Value $663,300 ounty Opinion $650,600 <br /> Time of Hearin 9:OOAM Appellant Opinion $495,000 <br /> County Representative C le Anderson Board Decision $632,000 <br /> Evidence submitted by the appellant: <br /> • The appellant provided six equity comparable properties within the subject's neighborhood as <br /> supporting evidence. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 3.28-acre tract improved with a 2,251 square foot single-family <br /> dwelling located at 728 Sinai Circle in Hillsborough. The appellant contends that the property <br /> is overvalued,particularly in comparison to other properties on the same street. Six equity <br /> comparables were submitted as supporting documentation; however, all six comparables carry <br /> a lower quality grade than the subject property. <br /> • County staff reviewed a sales analysis of recently sold properties within the subject's <br /> neighborhood that are graded A or A+10. The analysis includes the subject property itself, <br /> which sold in September 2023 for$665,000. County staff also reviewed the subject's property <br /> record card and MLS data from the recent sale. <br /> • Based on this review, staff recommends the following changes: <br /> - Change the story height from 1 story to 1.25 stories <br /> - Increase the effective year built to 2018 <br /> - Add a storage building to the yard items <br /> • These changes would reduce the subject's assessment from$663,300 to$650,600,which <br /> brings the value in line with the August 2023 list price(the property closed a month later for <br /> $665,000).No further adjustments are recommended, as the revised value is consistent with <br /> both sale prices and assessed values of similarly graded homes within the subject's <br /> neighborhood. <br /> • Photo of Subject <br /> 2 <br />