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Docusign Envelope ID:41A5C043-OEBB-4B4B-BB6A-9411707F7CAF <br /> Motion of the Board Accept Count 's Proposed Value: $312,500 <br /> Made the motion Shannon Julian <br /> Seconded the motion Leon Meyers <br /> Voted For Richal Vanhook <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner Kinfolks Collaborative, Appellant(if different) Andrew Simpson, <br /> LLC Attorney <br /> Property Address Unimproved 0.17-acre Parcel ID or Abstract 9864349846 <br /> parcel on Ashe Street <br /> Statement of Appeal: Request reduction in value. No supporting documentation provided. <br /> Current Assessed Value $120,000 ounty Opinion $96,000 <br /> Time of Hearin 1:07 PM Appellant Opinion $60,000 <br /> County Representative C le Anderson Board Decision $96,000 <br /> Evidence submitted by the appellant: <br /> • As of February 9th,2026, no supporting documentation has been received with this appeal. <br /> Evidence submitted by the county representative: <br /> • The subject property is a 0.17-acre vacant lot located adjacent to 207 Ashe Street in <br /> Hillsborough. <br /> • Because the subject property sold in combination with the adjacent improved parcel identified <br /> as PIN 9864348855, County staff reviewed a sales analysis using the combined properties. <br /> Staff reviewed recent sales of comparable properties within the subject's neighborhood, <br /> including the sale of the subject property(TMLS #10018533),which sold in combination with <br /> the adjacent parcel, also currently under appeal. Together,the two parcels have a combined lot <br /> size of 0.33 acres and a combined assessed value of$408,500. The combined properties sold <br /> for$456,500 on April 1,2024. <br /> • After review, staff recommends applying a-20%land adjustment to both the subject property <br /> and the adjacent parcel(PIN 9864348855). The proposed adjustment would reduce the subject <br /> property's assessed value to $96,000 and reduce the combined assessment to$408,500. <br /> • After applying the-20%land adjustment,the County recommends a revised assessed value of <br /> $96,000 for the subject property. <br /> • GIS Map <br /> • MLS data(screenshot) <br /> • Deed/tax stamps (screenshot) <br /> • Sales analysis <br /> • Current Property Record Card <br /> • Proposed Property Record Card <br /> 3 <br />