2026_02_11_BOER_Minutes - Laserfiche WebLink

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Docusign Envelope ID:41A5CO43-OEBB-4B4B-BB6A-9411707F7CAF Time of Hearin 2:36 PM Appellant Opinion $1,430,104 County Re resentative Roger Gunn Board Decision $2,003,100 Evidence submitted by the appellant: • The appellant is requesting a lower valuation based on a market proforma income approach and equity comparables. Evidence submitted by the county representative: • The subject is a 10,010 square foot retail building on a 2-acre tract located in Hillsborough that was constructed in 2014. • Based on the attached Income Approach and the County's commercial property appraiser consultant's analysis,the current valuation is supported and no change in value is recommended. • GIS Map of Subject • Current Property Record Card(2 pages) • Income Approach • Commercial Property Appraiser Consultant's Analysis(2 pages) Motion of the Board No Change in Assessed Value 1 $2,003,100 Made the motion Richal Vanhook Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner RRPV University Chapel Appellant(if different) Morgan Fowler/Ryan, Hill LP LLC Property Address 1201 S. Estes Drive Parcel ID or Abstract 9799220621 Statement of Appeal: Request reduction in value based on the prior improvement value and cost of new improvements and land values of other area shopping centers. Current Assessed Value $104,313,300 ounty Opinion $93,532,200 Time of Hearin 2:45 PM Appellant Opinion $59,234,726 County Representative Roger Gunn Board Decision $93,532,200 Evidence submitted by the appellant: • The appellant is requesting a lower valuation based on the prior improvement value and cost of new improvements and land values of other area shopping centers. Evidence submitted by the county representative: • The County's attached detailed commercial property appraiser consultant's value analysis concludes a valuation of the subject property of approximately$93,484,201. Applying the 8