2026_02_04 BOER Minutes - Laserfiche WebLink

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Docusign Envelope ID:76E95FD4-D4F3-4FC2-A789-88A3F05FFCB8 • The land base price was reduced from $100,000 to$80,000 per lot during a recent BOER ordered neighborhood review. • Based on the review of the plat,the County recommends adding a-5% adjustment on the land for the drainage easement along the side of the parcel resulting in a revised value from$80,000 to $76,000. • Photo of subject • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $76,000 Made the motion Shannon Julian Seconded the motion Richal Vanhook Voted For All BOER Members Voted Against Property Identification: Property Owner FFF LLC Appellant(if different) Property Address 401 Severin Street Parcel ID or Abstract 19789014689 Statement of Appeal: Request reduction in value based on declining values per Zillow.com. Current Assessed Value $431,700 ounty Opinion $430,100 Time of Hearin 9:15 AM Appellant Opinion $402,000 County Representative Kelly Wells Board Decision $430,100 Evidence submitted by the appellant: • Using Zillow as a market value tool,the current values in this area have been on the decline. The value reported by Zillow in January of 2025 was $402,000, with a current market value of $384,500. Evidence submitted by the county representative: • The subject property is a 1,590 square foot Single Family home with 3 bedrooms and 2 baths built in 1957 on a.41-acre lot in Chapel Hill. • Per a BOER ordered neighborhood review and recommendation by Tanner Valuations Group, the land base rate was reduced from$100,000 to $80,000. • Based on information from a 2017 rental listing,the County recommends correcting the bath count from 2 full to 1 full and 1 half bath,reducing the value from$431,700 to $430,100. • Photo of subject • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card 5