2026_01_21 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:ADED06F5-BFB5-43BF-87F1-32AB8A5DEDDF adjustment in value can be supported. As a result,the County is recommending no change to the current assessed value. • GIS Map of Subject • Current Property Record Card(2 pages) • Comparable Sales and Income Approach • Commercial Appraiser Consultant's Analysis Motion of the Board Accept Count 's Proposed Value: $20,038,300 No change in value Made the motion Richal Vanhook Seconded the motion Shannon Julian Voted For All BOER Members Voted Against ... Property Identification: Property Owner Ralcar Corp Appellant(if different) Morgan Fowler/Ryan LLC Property Address 7411 Rex Road Parcel ID or Abstract 9870883323 Statement of Appeal: Request reduction in value based on a market proforma and equity comparables. Current Assessed Value $1,967,400 ounty Opinion $2,399,300 Time of Hearin 10:05 AM Appellant Opinion $1,100,000 County Representative Roger Gunn Board Decision $2,399,300 Evidence submitted by the appellant: • The appellant is requesting a lower valuation based on a market proforma and equity comparables. Evidence submitted by the county representative: • The subject property is a 17,388 square feet warehouse constructed in 1988 and assessed at $1,967,400 or$113.15 per square foot. • Based on the attached Commercial Appraiser Consultant's Analysis,the current value of the subject is undervalued based on the County's comparable sales and the income approach which support a value of$2,500,000 for the subject. • As a result of this analysis,the County recommends removing the E 18 economic modifier on the property which would result in a revised value of$2,399,300. • Photographs of Subject(4 pages) • GIS Map of Subject • Current Property Record Card(2 pages) • Proposed Property Record Card(2 pages) • Comparable Sales and Income Approach • Commercial Appraiser Consultant's Analysis 6