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Docusign Envelope ID:AD7E4ME-13457-4611-A22D-8ED6C7FC34F4 <br /> Current Assessed Value $432,000 County Opinion $426,100 <br /> Time of Hearin 9:59am Appellant Opinion $419,000 <br /> County Representative Kelly Wells Board Decision $426,100 <br /> Evidence submitted by the appellant: <br /> • There is a duplex adjacent to mine that has been sitting on the market at 425K and isn't selling <br /> so clearly 432K would be far overpriced. Also,this duplex is more updated than mine and has <br /> a field right next to it which could be seen as a yard. Another,much nicer duplex than mine <br /> and a few down,just sold for 425K. I believe you came up with this value of 432K at the peak <br /> of the market which has been falling since. That feels really unfair to me. I bought at 407K two <br /> years ago and assumed that would be the new property tax value. This steep and unfair <br /> increase,plus inflation,has me strongly considering moving out of the town that I love so <br /> much. It's simply unaffordable for middle and low income families to thrive here. Please at <br /> least revise my tax value to be reflective of the market now, not at its peak back in January. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 1,502-sf townhome with 2 bedrooms and 2 baths built in 1987 located <br /> in the Fair Oaks subdivision in Chapel Hill. <br /> • This unit sold in June of 2023 for$407,000 but it was not a qualified sale. <br /> • Based on a recent sale of a similar unit,The County recommends <br /> *Increasing the land adjustment from-10%to -15% <br /> *Adding an additional 5%physical depreciation for the issues with the crawl space mentioned <br /> by the appellant during the original hearing <br /> *Correcting the heated square footage from 1,502 to 1,756 <br /> *Resulting in a reduced value from$432,000 to$426,100 <br /> • Photo of Subject <br /> • GIS Map <br /> • Sales and Equity Analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> Motion of the Board Accept Count 's Proposed Value: $426,100 <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 Mercia Residential Appellant(if different) <br /> Properties Inc(Mark <br /> Patmore <br /> Property Address 212 N Roberson St.Unit Parcel ID or Abstract 9788078212 <br /> A <br /> Statement of Appeal: Request reduction in value based on comparable property. <br /> 6 <br />