2026_01_21 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:ADED06F5-BFB5-43BF-87F1-32AB8A5DEDDF Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner Carraway Storage LP Appellant(if different) Morgan Fowler/Ryan LLC Property Address 500 M rica Street Parcel ID or Abstract 9870982909 Statement of Appeal: Request reduction in value based on actual income, a market proforma, and actual costs. Current Assessed Value $18,835,100 ounty Opinion $16,435,600 Time of Hearin 10:28 AM Appellant Opinion $11,838,779 County Representative Roger Gunn Board Decision $16,435,600 Evidence submitted by the appellant: • The appellant is requesting a lower valuation based on actual income, a market proforma, and actual costs. Evidence submitted by the county representative: • The subject is a 125.898 square feet mini-storage warehouse building built in 2022 and having an assessed value of$18,835,100 or$149.61 per square foot. • Based on the attached detailed Commercial Appraiser Consultant's Analysis,the current value of the subject is overvalued by the County's income approach which indicates a value of $16,455,723 for the subject property. Applying the County's schedule of values,the County recommends reducing the land market adjustment from-25%to-20%and changing the E01 economic modifier on the property to E 14. These recommended changes would result in a revised value of$16,435,600 for the subject property. • GIS Map of Subject • Current Property Record Card(4 pages) • Proposed Property Record Card(4 pages) • Comparable Sales and Income Approach • Commercial Appraiser Consultant's Analysis(3 pages) Motion of the Board Accept County's Proposed Value: $16,435,600 Made the motion Shannon Julian Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: 8