Orange County NC Website
Docusign Envelope ID:41A5CO43-OEBB-4B4B-BB6A-9411707F7CAF <br /> Seconded the motion Shannon Julian <br /> Voted For Richal Vanhook <br /> Voted Against ... <br /> Property Identification: <br /> Property Owner DT Retail Properties LLC Appellant(if different) Morgan Fowler/Ryan, <br /> LLC <br /> Property Address 1510 Buckhorn Road Parcel ID or Abstract 9834561717 <br /> Statement of Appeal: Request reduction in value based on land values of equity comparables. <br /> Current Assessed Value $12,966,600 County Opinion $18,522,300 <br /> Time of Hearin 2:06 PM Appellant Opinion $4,082,442 <br /> County Representative Roger Gunn Board Decision $18,522,300 <br /> Evidence submitted by the appellant: <br /> • The appellant is requesting a lower valuation based on land values of equity comparables. <br /> Evidence submitted by the county representative: <br /> • The County's attached comparable sales and detailed commercial property appraiser <br /> consultant's value analysis concludes a valuation of the subject property of approximately <br /> $18,533,500. Applying the County's schedule of values,the County recommends increasing <br /> the land market adjustment of the subject from+138%to+240%which would result in a <br /> revised assessed value of$18,522,300. <br /> • GIS Map of Subject <br /> • Current Property Record Card(8 pages) <br /> • Recommended Property Record Card(8 pages) <br /> • Comparable Sales <br /> • Commercial Appraiser Consultant's Value Analysis (2 pages) <br /> Motion of the Board Accept County's Proposed Value: 1 $18,522,300 <br /> Made the motion Shannon Julian <br /> Seconded the motion Richal Vanhook <br /> Voted For All BOER Members <br /> Voted Against <br /> Property Identification: <br /> Property Owner MFREVF IV Appellant(if different) Morgan Fowler/Ryan, <br /> Meadowmont LP LLC <br /> Property Address 1302 Village Crossing Parcel ID or Abstract 9798733687 <br /> Drive <br /> 5 <br />