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Home My WebLink About2025_06_10 BOER Minutes Docusign Envelope ID: F93B5E92-3F78-409A-A34B-7C8EB1288609 MINUTES Orange County Board of Equalization and Review Meeting held on June 10, 2025 Board Members in attendance: Chair of the Board Leon Meyers Yes Regular Member Saru Salvi Yes Regular Member Richal Vanhook Yes Alternate Member Shereese Alston No Alternate Member Hunter Beattie No Alternate Member Tony Blake No Alternate Member Vaughn Compton No Alternate Member Shannon Julian No Alternate Member Barbara Levine No Orange County Staff in attendance: Tax Administrator Nancy Freeman Office Assistant Jennifer Rigsbee Real Property Appraisal Manager Roger Gunn Staff Attorney Morgan Pierce Meeting Schedule: Time PIN or Abstract Appellant Appeared Appeal Type 1:00 PM 9748756543 Sherry C.Webster Yes Value 1:15 PM 9870717707 Tao Li Yes Value Time By Meeting called to order 1:00 PM Leon Meyers Meeting adjourned 1:37 PM Leon Meyers Related meeting notes: • There was a discussion on the possibility of providing copies of the County's evidence to the appellants. The point was made that providing this information may help them to understand the County's recommendation. No decision was made on this matter at this time. • Leon Meyers asked about recent media coverage regarding issues with the Northside Community of Chapel Hill as it pertains to the 2025 Revaluation. Nancy Freeman felt that it would be important to share some background information with the board members regarding the Northside Community. She plans to have something to present to the board at a future meeting. Docusign Envelope ID: F93B5E92-3F78-409A-A34B-7C8EB1288609 • The board members were informed of the schedule change for the meeting on Thursday,June 12th. The new start time will be 2:30 pm. Property Identification: Property Owner Sherry c.Webster Appellant(if different) 1 Property Address 12313 White Cross Road I Parcel ID or Abstract 19748756543 Statement of Appeal: Request a reduction in value based on the price per acre of neighboring property. Current Assessed Value $477,900 County Opinion 1 $477,900 Time of Hearin 1:00 PM Appellant Opinion $386,800 County Representative Roger Gunn Board Decision $477,900 Evidence submitted by the appellant: • Per appellant's appeal: "Compared value of neighbor's property at 2317 White Cross Rd.with 270,000/8.9 acres=30,337 per acre and our land value is listed at 166,100/3 acres=55,367. 2317 White Cross Rd. has road frontage,where our land does not have road frontage. I am writing to appeal the value assessed to our land. I used GIS to obtain my information." Evidence submitted by the county representative: • The subject is located off the east side of White Cross Road and is accessible by a private drive. As the value of the building was not contested,only the land component of the property's value was analyzed. • A land equity analysis was performed in which the subject was compared with three other similarly situated properties also with private access off a main road. All are located in the same neighborhood as the subject within .5 mile,have the same -10%A-10 land adjustment for access, and have the same AC-9 land pricing at$75,000 for 1 acre. The analysis shows the effect of ranged pricing in the AC-9 land model in which the subject's value per acre is between that of a 2.32 acre parcel and a 3.21 acre parcel. The appellant's comparable was included as Comp. 4 to further illustrate the effect of ranged pricing and economy of scale for a much larger parcel as this property also a-10%E-10 land adjustment for containing an easement and is located near the subject in the same neighborhood. • Location Map of Subject • Property Record Card of Subject • Land Equity Analysis Motion of the Board Accept the County's recommendation of no change in value Made the motion Saru Salvi Seconded the motion Richal Vanhook Voted For Leon Meyers Voted Against Docusign Envelope ID: F93B5E92-3F78-409A-A34B-7C8EB1288609 Property Identification: Property Owner Tao Li Appellant(if different) Property Address 248 Abbot Place Parcel ID or Abstract 9870717707 Statement of Appeal: Request a reduction in value based on a decrease in the median sale price for the neighborhood from 2023 to 2024. Current Assessed Value $1,043,000 County Opinion $1,043,000 Time of Hearin 1:14 PM Appellant Opinion $858,300 County Representative Roger Gunn Board Decision $1,043,000 Evidence submitted by the appellant: • According to the county website data, from August 2023 ($975,000)to June,August and September 2024,the neighborhood median sale price had a 10.4%decrease($874,000), 10.8% decrease($870,000), and 5.1% increase($1,025,000)respectively based on August 2023 price of$975,000 . From September 2024 to January 2025,there was no recorded data. The assessed Total Market Value of our property in 2024 was $858,300. We do not see a reason for a jump of 21.52%to $1,043,000 in January 2025,while the market sales data suggests a flat to 5% downward trend in general. Evidence submitted by the county representative: • The subject contains 4,729 square feet finished area,has the most finished area of the 62 homes in the Chandler Woods neighborhood, and most recently sold in September 2024 for $1,025,000. Its current assessed value of$1,043,000 indicates a sales ratio of 1.018 (101.8%) which is within IAAO guidelines for sales ratios in a revaluation year. • All 2024 and 2023 sales in Chandler Woods were included in a sales analysis. Although all sales have significantly less finished area than the subject,the sales indicate that the subject's value per square foot is well below that of the sales. • Similarly, an equity analysis comparing the subject with the three next largest properties also indicating the subject's value per square foot is well below similar properties. • It is the County's opinion that no adjustment to value is supported based on either the appellant's evidence or the County's sales and equity analyses. • Photograph of Subject • Property Record Card of Subject • Chandler Woods Sales • Sales Analysis • Equity Analysis Motion of the Board Accept the County's recommendation of no change in value Made the motion Richal Vanhook Seconded the motion Saru Salvi Voted For Leon Meyers Voted Against Docusign Envelope ID: F93B5E92-3F78-409A-A34B-7C8EB1288609 Chair of the PdQsigned by: Leon Meyers L nnaFF 6/16/2025 Recording Secre cuSigned by: Jennifer Rigsbee �WA/*' �t�S� 6/16/2025