Orange County NC Website
Docusign Envelope ID:A24A7AC4-OFFO-44A6-9D10-OCBE262OC7F9 <br /> • Tanner Valuations Group reviewed the property and the appeal: Based on a field review of the <br /> property and similar properties in the area, I recommend no change. <br /> • Photo of Subject <br /> • GIS Map <br /> • Sales and Equity Analysis <br /> • Current Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $401,700 No change in value <br /> Made the motion Saru Salvi <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner I Linda Wyrick Key Appellant(if different <br /> Property Address 1.089 acres on Lloydtown Parcel ID or Abstract 9820319668 <br /> Road <br /> Statement of Appeal: Request reduction in value based on a comparable sale. <br /> Current Assessed Value $60,100 ounty Opinion $60,100 <br /> Time of Hearin 2:40 PM Appellant Opinion $23,600 <br /> County Representative Dana Hall Board Decision $60,100 <br /> Evidence submitted by the appellant: <br /> • The comparable sale across the street at 9.94 acres sold for$235,000 and valued at$23,641.85 <br /> per acre. <br /> Evidence submitted by the county representative: <br /> • The subject property consists of 1.089 acres of vacant land located near 4630 Lloydtown Road. <br /> There are no structures on the property, and no apparent issues were observed. A comparable <br /> sales report identified two qualified land sales within the same neighborhood that occurred <br /> within the past four years, which support the proposed 2025 land value for the area. <br /> • A size adjustment explanation was provided to Ms. Key regarding her proposed value of <br /> $23,600 in her appeal. The lot located across from the subject property contains 9.94 acres and <br /> cannot be used by simply dividing its sale price by 9.94 to derive a per-acre value. Based on <br /> the qualified comparable sales provided,the County recommends no change to the current <br /> value of the subject property. <br /> • Comparable Report <br /> • GIS Map <br /> • Current Property Record Card <br /> Motion of the Board Accept Coun 's Proposed Value: $60,100 No change in value <br /> Made the motion Richal Vanhook <br /> 6 <br />