The URL can be used to link to this page

Home My WebLink About2025_12_17 BOER Minutes Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 MINUTES Orange County Board of Equalization and Review Meeting held on December 17, 2025 Board Members in attendance: Chair of the Board Leon Meyers Yes Regular Member Saru Salvi No Regular Member Richal Vanhook No Alternate Member Shareese Alston No Alternate Member Hunter Beattie No Alternate Member Tony Blake No Alternate Member Vaughn Compton No Alternate Member Shannon Julian Yes Alternate Member Barbara Levine No Orange County Staff in attendance: Tax Administrator Nancy Freeman Real Property Appraisal Manager Roger Gunn Chief Appraiser Kelly Wells Tem orary Appraiser Assistant Rob Teachout Meeting Schedule: No. Time Appellant PIN or Abstract Appeared Appeal Type 1 9:12AM S V Center LLC 9787056725 Yes Value-Real 2 9:28AM TBV LLC 9787053344.001 Yes Value-Real 3 9:50AM S V Center LLC 9787055943 Yes Value-Real 4 10:20AM Marvin L. Barnes 9874501704 Remote Value-Real 5 10:32AM Dreamy Hollow Apartments 9778345932 Remote Value-Real Company 6 10:56AM M. L. Barnes 9798252883 Remote Value-Real 7 11:00AM Chapel Hill Timberlyne LLC 9880451236 Remote Value-Real 8 11:20AM Holland Family 1995 LTD PTNR 9788313541 Yes Value-Real 9 11:40AM Holland Family 1995 LTD PTNR 9788218399 Yes Value-Real 10 11:55AM Mariakakis Enterprises 9799246919 Yes 12 12:46PM Tran Trust 9870782525 No Value-Real 11 12:50PM Han Yang SOP 9788497769 No Value-Real 13 12:55PM Rougemont Storage Center LLC 910237159 No Value-Real Time B Meeting called to order 9:12 AM Leon Meyers Meeting adjourned 1:02 PM Shannon Julian Related meeting notes: Meeting took place with two board members. Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Property Identification: Property Owner S V Center LLC Appellant(if different) Property Address 400 Market Street Unit Parcel ID or Abstract 9787056725 100 Statement of Appeal: Request reduction in value based on an independent fee appraisal. Current Assessed Value $4,580,100 ounty Opinion $3,751,200 Time of Hearin 9:12 AM Appellant Opinion $3,650,000 County Representative Roger Gunn Board Decision $3,751,200 Evidence submitted by the appellant: • The appellant is requesting a reduction in value based on an independent fee appraisal as of January 1, 2025,with an indicated value of$3,550,000 from the sales comparison approach, $3,700,000 from the income approach and a reconciled value of$3,650,000. Evidence submitted by the county representative: • The appellant has submitted an appraisal into evidence. Generally speaking,the report aligns with the County's schedule of values and is considered reasonable evidence. However, there are three key points that seem to create a greater difference in the County assessment and the owner's estimate of value than might otherwise exist. 1.) The appraisal downplays the retail component of the property,which includes long-term tenants such as Subway. There is over 24%retail in this building,which has lower vacancy rates and capitalization rates than office spaces enjoy. CoStar Market Reports show that near end 2024 vacancy sat at 1.3%in Orange County. There was very little new construction and asking rates were on the rise. 2.) It doesn't give enough credit to the walkable location,which is considered very desirable for office space. It is considered one of the main amenities that separates desirable from undesirable office locations. 3.) The property has some medical (dental) space. Medical office buildings (MOBS)greatly outperform typical office in terms of vacancy, rents and capitalization rates. • The attached income approach uses the same income as the appraisal but adjusts the vacancy from 10%to 7%to better reflect the medical and retail nature of this walkable building. Expenses are similar. Comparables for the extraction of the capitalization rate are also provided. • The indicated value from the income approach is$3,757,583. As a result,the County recommends increasing the economic depreciation of the buildings from 35%to 49%for a revised value of$3,751,200. • Location Map of Subject • Current Property Record Card(8 pages) • Proposed Property Record Card(8 pages) • Income Approach • Com arables for Office Capitalization Rate Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Motion of the Board Accept Count 's Proposed Value: $3,751,200 Made the motion Shannon Julian Seconded the motion Leon Meyers Voted For All BOER Members Voted Against ... Property Identification: Property Owner TBV LLC Appellant(if different) Property Address 710 Market Street Parcel ID or Abstract 9787053344.001 Statement of Appeal: Request reduction in value based on an independent fee appraisal. Current Assessed Value $1,961,300 ounty Opinion $1,863,200 Time of Hearin 9:28 AM Appellant Opinion $1,590,000 County Representative Roger Gunn Board Decision $1,740,000 Evidence submitted by the appellant: • The appellant is requesting a reduction in value based on an independent fee appraisal as of January 1, 2025,with an indicated value of$1,590,000 from both the sales comparison and income approaches. Evidence submitted by the county representative: • The appellant has submitted an appraisal,which is considered reliable,but with two exceptions: 1.)Vacancy and Collection loss at 8%seems to be too high. Retail vacancy in Orange County was less than 2%at the end of 2024. 2.) The expenses are high, and the appraiser does not present support for why this simple property runs higher expenses than everything else. • The County has prepared an income approach that uses a more typical vacancy estimate and more typical expenses for retail. The suggested valuation from the County's income approach is $1,875,824. As a result,the County recommends applying 5% economic depreciation to the subject for a revised assessed value of$1,863,200. • Location Map of Subject • Current Property Record Card • Recommended Property Record Card • Income Approach Motion of the Board Value Changed as Follows: $1,740,000 (Per expenses for type of development Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Property Owner S V Center LLC Appellant(if different) Property Address 410 Market Street Unit Parcel ID or Abstract 9787055943 400 Statement of Appeal: Request reduction in value based on an independent fee appraisal. Current Assessed Value $10,618,700 ounty Opinion $9,877,200 Time of Hearin 9:50 AM Appellant Opinion $9,000,000 County Representative Roger Gunn Board Decision $9,877,200 Evidence submitted by the appellant: • The appellant is requesting a reduction in value based on an independent fee appraisal as of January 1, 2025,with an indicated value of$8,910,000 from the sales comparison approach, $9,070,000 from the income approach and a reconciled value of$9,000,000. Evidence submitted by the county representative: • The appellant has submitted an appraisal into evidence. Generally speaking,the document aligns with the County's schedule of values and is considered reasonable evidence. However, there are three key points that seem to create a greater difference in the County assessment and the owner's estimate of value than might otherwise exist. 1.) The appraisal downplays the retail component of the property,which includes long-term tenants such as Town Hall Grill and Rasa. There is over 26%retail in this building,which has lower vacancy rates and capitalization rates than office spaces enjoy. CoStar Market Reports show that near end 2024 vacancy sat at 1.3% in Orange County. There was very little new construction and asking rates were on the rise. 2.) It doesn't give enough credit to the walkable location,which is considered very desirable for office space. It is considered one of the main amenities that separates desirable from undesirable office locations. 3.) The property has a large amount of medical office space. UNC Medical is a significant tenant. Medical office buildings(MOBS)greatly outperform typical office in terms of vacancy, rents and capitalization rates. Per CBRE,the leading global commercial real estate firm, on a national basis 2024 vacancy was 5% lower for MOB than conventional office, rents were higher and capitalization were at least 0.5%lower. A sheet of local capitalization rates is included by the County with 205 Sage Road and 930 Martin Luther King, Jr. Boulevard being worthy of special interest. • The County income approach utilizes the same income as the appraisal but adjusts the vacancy from 10%to 5%to better reflect the medical and retail nature of this walkable building. Expenses are similar. The capitalization rate is adjusted to 7%from 7.5%to acknowledge the property's strengths with an indicated value of$9,885,181. As a result,the County recommends changing the land's market adjustment from -50%to -55%and increasing the economic depreciation from 12%to 18% on the building. This would result in a revised value of$9,877,200. • Location Map of Subject • Current Property Record Card(6 pages) • Proposed Property Record Card(6 pages) • Income Approach • Comparables for Office Capitalization Rate Motion of the Board I Accept Count 's Proposed Value: $9,877,200 Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Made the motion Shannon Julian Seconded the motion Leon Meyers Voted For All BOER Members Voted Against Property Identification: Property Owner Marvin L. Barnes Appellant(if different) Alexander Alcock/Baker Till Property Address 1811 NC 86 South Parcel ID or Abstract 9874501704 Statement of Appeal: Request reduction in value based on Cost Approach. Current Assessed Value $996,200 County Opinion $996,200 Time of Hearin 10:20 AM Appellant Opinion $888,000 County Representative Roger Gunn Board Decision $996,200 Evidence submitted by the appellant: • The appellant has submitted a Cost Approach for the subject property with an indicated value of$888,000. Evidence submitted by the county representative: • Based on the analysis of the County's commercial appraiser consultant,it is the County's position that a change in value is not supported by the appellant's evidence. It is also noted that in the appellant's Cost approach,there is no calculation for the paving and gas canopy. • GIS Map of Subject • Current Property Record Card • Commercial Appraiser Consultant's Analysis Motion of the Board Accept County's Proposed Value: $996,200 No change in value Made the motion Shannon Julian Seconded the motion Leon Meyers Voted For All BOER Members Voted Against Property Identification: Property Owner Dreamy Hollow Appellant(if different) Alexander Apartments Co m any Alcock/Baker Till Property Address 602 Jones Ferry Road Parcel ID or Abstract 9778345932 Statement of Appeal: Request reduction in value based on income approach from 2022,2023, and 2024 financial documents. Current Assessed Value $6,795,900 County Opinion $6,795,900 Time of Hearin 10:32 AM Appellant O inion $5,985,500 Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 County Representative I Roger Gunn Board Decision $6,795,900 Evidence submitted by the appellant: • Based on 2022,2023, and 2024 financial documents,the indicated value from the income approach is $5,955,016. Requested value is stated at $5,985,500. Evidence submitted by the county representative: • Based on the analysis of the County's commercial appraiser consultant,it is the County's position that a change in value is not supported by the appellant's evidence. • GIS Map of Subject • Current Property Record Card • Commercial Appraiser Consultant's Analysis Motion of the Board Accept County's Proposed Value: $6,795,900 No change in value Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner M. L. Barnes Appellant(if different) Alexander Alcock/Baker Till Property Address 1 1201 Raleigh Road Parcel ID or Abstract 9798252883 Statement of Appeal: Request reduction in value based on a Cost Approach. Current Assessed Value $1,344,300 ounty Opinion $1,344,300 Time of Hearin 10:56 AM Appellant Opinion $1,113,000 County Representative Roger Gunn Board Decision $1,344,300 Evidence submitted by the appellant: • The appellant is requesting a lower valuation based on a Cost Approach performed on the 2,635 square foot convenience store. Evidence submitted by the county representative: • The subject property consists of an older 2,635 square foot convenience store as well as a 5,520 square foot office building,both constructed in 1953,but having been renovated from time to time over the course of their 72 year physical lives. • Although the agent provides no information as to the value of the office component, sales of older convenience stores alone support the assessed value of the property. Please see attached convenience store sales. For this reason, no adjustment to the current assessed value can be supported. • GIS Map of Subject • Current Property Record Card • Convenience Store Sales Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Motion of the Board Accept County's Proposed Value: $1,344,300 No change in value Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Voted Against ... Property Identification: Property Owner Chapel Hill Timberlyne Appellant(if different) Alexander LLC Alcock/Baker Till Property Address 1129 Weaver Dairy Road Parcel ID or Abstract 9880451236 Statement of Appeal: Request reduction in value based on the income approach from 2022, 2023, and 2024 financial documents. Current Assessed Value $16,914,300 ounty Opinion $15,053,600 Time of Hearin 11:00 AM Appellant Opinion $13,122,900 County Representative Roger Gunn Board Decision $15,053,600 Evidence submitted by the appellant: • Based on 2022,2023, and 2024 financial documents, the indicated value from the income approach is $13,122,900. Evidence submitted by the county representative: • Based on the analysis of the County's commercial appraiser consultant,it is the County's position that the value of the property from the income approach is approximately $15,023,407. Applying the County's schedule of values,the County recommends applying an EI I economic modifier to the property's current value which would reduce the current valuation to $15,053,600. • GIS Map of Subject • Current Property Record Card • Proposed Property Record Card • Commercial Appraiser Consultant's Analysis Motion of the Board Accept County's Proposed Value: $15,053,600 Made the motion Shannon Julian Seconded the motion Leon Meyers Voted For All BOER Members Voted Against Property Identification: Property Owner Holland Family 1995 LTD Appellant(if different) PTNR Property Address 1 Holland Drive Parcel ID or Abstract 9788313541 Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Statement of Appeal: Request reduction in value. No reasoning or support for their opinion of value was submitted. Current Assessed Value $4,429,800 ounty Opinion $4,429,800 Time of Hearin 11:20 AM Appellant Opinion $2,846,200 County Representative Roger Gunn Board Decision $4,429,800 Evidence submitted by the appellant: • The appellant is requesting the value be lowered to$2,846,200. No reasoning or support for their opinion of value was submitted. Evidence submitted by the county representative: • These apartments are located behind(and North of)Merritt's Store in a student area of Chapel Hill,walkable to the Dental and Medical Schools. This is an extremely good location for apartments as evidenced by the ongoing construction of a student project nearby. • The owner has suggested a"tear-down"level assessed value of$74,900 per unit. The County has an assessment of$116,574, which is very conservative even for an older property in this very good location. Similar sales are attached,but only one is below the subject property on a price per unit basis. The nearby sale on Dawes was also older with few updates and sold for $160,000 per unit. If anything,the property appears undervalued. • The County was not provided with any income and expense information on this property to compare with known market data for similar properties. However, a market data income approach would look like below,which supports the current value. Gross Potential Income $1,300 x 38 x 12 = $592,800 Less Vacancy(5%of PGI) _ ($29,640) Plus Other Income(2%of PGI) _ $11,856 Equals Effective Gross Income = $575,016 Less Operating Expenses (35%of EGI) _($201,256) Less Replacement Reserves (2.5%of EGI)_($14,375) Equals Net Operating Income = $359,385 Divided by Cap Rate(.0625 +.0165) 7.9% Equals Indicated Value =$4,549,177 • As a result of these analyses, no change in value is supported. • GIS Map of Subject • Current Property Record Card • Similar Apartment Sales in Chapel Hill Market Motion of the Board Accept Count 's Proposed Value: $4,429,800 No change in value Made the motion Shannon Julian Seconded the motion Leon Meyers Voted For All BOER Members Voted Against Property Identification: Property Owner Holland Family 1995 LTD Appellant(if different) PTNR Property Address 1001 South Columbia Parcel ID or Abstract 9788218399 Street Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Statement of Appeal: Request reduction in value based on condition. Current Assessed Value $826,500 County Opinion $826,500 Time of Hearin 11:40 AM Appellant Opinion $410,000 County Representative Roger Gunn Board Decision 1 $826,500 Evidence submitted by the appellant: • The appellants are requesting the value be lowered to $410,000 because of the condition of the property. No other support for their opinion of value was submitted. Evidence submitted by the county representative: • The subject has an assessed value of$826,500 or$198.11 per square foot for the 4,174 total square foot day care. The property has a very good infill Chapel Hill location on the bus line and is easy to access from 15-501 and Highway 54. On the downside, it is older and very close to the road. Infill daycares with older construction are rare but typically sell for more than $200 per square foot. Attached is a list of sales of older daycares in good locations within the Triangle area. These sales support the assessment as the subject's value per square foot is well within range indicated by the sales. Also,the subject's 2001 effective year built and 52%total accrued depreciation is felt to accurately reflect the condition of the structure. As a result,no change in value is recommended. • GIS Map of Subject • Current Property Record Card • Older Day Care Sales in Triangle Area Motion of the Board Accept County's Proposed Value: $826,500 No change in value Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Voted Against ... Property Identification: Property Owner Mariakakis Enterprises Appellant if different Property Address 1322 Fordham Boulevard Parcel ID or Abstract 9799246919 Unit 1 Statement of Appeal: Request reduction in value based on flood damage incurred in July 2025 which has rendered the shopping center unleasable. Current Assessed Value $3,267,200 ounty Opinion $3,267,200 Time of Hearin 11:55 AM Appellant Opinion Not Provided County Representative Roger Gunn Board Decision $2,649,200 Evidence submitted by the appellant: • The owner is requesting a lower tax bill as a result of the flood damage incurred in July 2025 which has rendered the shopping center unleasable. Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Evidence submitted by the county representative: • The owner submitted an informal appeal, and the property value was reduced from$4,208,000 to the current$3,267,200. The value of the 22,214 square foot building was reduced from $1,195,000 to $254,200 or$11.44 a square foot and the current assessment is supported by land values alone. It is very important to note that many properties, such as the recently built midrise apartments next door, are built on flood plain land. No further reductions are supported because, despite the unfortunate issues with flooding, the property is marketable for redevelopment. • GIS Map of Subject • Current Property Record Card • Land Sales Analysis Motion of the Board Value Changed as Follows: $2,649,200 (Land value reduction to $2,383,900 Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner Tran Trust Appellant(if different) Property Address 1129 Weaver Dairy Road Parcel ID or Abstract 19870782525 Statement of Appeal: Request reduction in value based on flood zone restrictions. Current Assessed Value $648,000 ounty Opinion $243,100 Time of Hearin 12:46 PM Appellant Opinion $240,000 County Representative Roger Gunn Board Decision $243,100 Evidence submitted by the appellant: • The appellant is requesting a reduction to $240,000 due to flood zone restrictions. Evidence submitted by the county representative: • Upon review of this parcel, it was determined that approximately 2 acres of the parcels 9.3 acres are buildable based on being in a flood plain and restrictions on construction. It is the recommendation of the County to increase the market adjustment from -92%to -97%which would reduce the current assessed value to $243,100. • GIS Map of Subject • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $243,100 Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Voted Against ... Property Identification: Property Owner Han Yang SOP Appellant(if different) Property Address 420 Hillsborough Street I Parcel ID or Abstract 9788497769 Statement of Appeal: Request reduction in value based on vacancy and condition/damage. Current Assessed Value $2,779,900 County Opinion $1,919,200 Time of Hearin 12:50 PM Appellant Opinion Not Provided County Representative Roger Gunn Board Decision $1,919,200 Evidence submitted by the appellant: • I am writing to respectfully appeal the 2025 assessed tax value of my property located at 420 Hillsborough Street in Chapel Hill. • This building has remained vacant since 6/l/2024 following the departure of a prior tenant(a fraternity organization)that severely damaged the property. The extent of the interior destruction rendered the building uninhabitable, and I have since been working at great personal and financial cost to make repairs. Unfortunately,the restoration process has taken far longer than expected, and is still ongoing. • In addition to the physical damage,I am currently pursuing legal action against the former tenant for negligence and breach of contract. During this entire period,the building has been completely non-operational, generating no rental income, while still incurring significant carrying costs such as monthly mortgage,higher interest payments due to non-tenant income, insurance, maintenance and utilities. • The recent reassessment nearly doubled my property tax, at a time when the building is unusable through no fault of my own. Given the unique circumstances, I respectfully request temporary tax relief for the 2025 tax year. I would be grateful for the opportunity to provide any supporting documentation that may assist in reviewing this request. • I've made every effort to responsibly maintain this property, even through hardship. I hope the Board can take into consideration the exceptional circumstances and offer temporary relief based on the actual usability and income potential of the property at this time. Thank you for your consideration and understanding. Evidence submitted by the county representative: • The owner has provided many pictures that demonstrate significant differed maintenance. They have provided a breakdown of 2024 costs in excess of$200,000 as well as a list of items that still need to be addressed,but there is no documentation for what these items will cost to correct. It's likely that some of this deferred maintenance existed when the property was purchased In July 2021 for$2,600,000. However,based on the submitted photo evidence, some adjustment to value is warranted for the condition of the building, despite a documented construction estimate to detail the expenses to get the property back to a workable state, • The County recommends reducing the 2000 effective year built of the building and paving to their actual year built of 1990 and applying additional 10%depreciation to the building. These recommended changes would reduce the current value to $1,919,200. 0 GIS Map of Subject Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept County's Proposed Value: $1,919,200 Made the motion Shannon Julian Seconded the motion Leon Meyers Voted For All BOER Members Voted Against Property Identification: Property Owner Rougemont Storage Appellant(if different) Center LLC Property Address 8927 Mile Branch Road Parcel ID or Abstract 910237159 Statement of Appeal: Request reduction in value based, seemingly,upon property taxes and fees for this property. Current Assessed Value $1,593,500 ounty Opinion $1,593,500 Time of Hearin 12:55 PM Appellant Opinion Unknown County Representative Roger Gunn Board Decision $1,593,500 Evidence submitted by the appellant: • The appellant wrote his opinion of value at$11,326.55 on the appeal form. This number seems more to align with the property taxes and fees for this property,which are currently$11,161.83 for 2025. Evidence submitted by the county representative: • Based on the County's commercial appraiser consultant's analysis (see attached)as well as comparable mini storage sales and the income approach(also attached),the County's value is more than supported. As a result,no change to the current assessed value is recommended. • GIS Map of the Subject • Current Property Record Card(32 pages) • Commercial Appraiser Consultant's Analysis • Comparable Sales and Income Approach Sheet Motion of the Board Accept County's Proposed Value: $1,593,500 No change in value Made the motion Shannon Julian Seconded the motion Leon Meyers Voted For All BOER Members Voted Against Chair of the B 9d;Signed by: Leon Meyers s ,eMP 12/31/2025 Docusign Envelope ID:OA23A6A2-42FE-4EAO-B414-FA2F89F77BF7 Recording Sec airy;by: Rob Teachout r0bu� 1-"4 12/31/2025 Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096C012E2CD Meeting held on December 17, 2025 Board Members in attendance: Chair of the Board Leon Meyers Yes Regular Member Saru Salvi No Regular Member Richal Vanhook No Alternate Member Shareese Alston No Alternate Member Hunter Beattie No Alternate Member Tony Blake No Alternate Member Vaughn Compton No Alternate Member Shannon Julian Yes Alternate Member Barbara Levine Yes Orange County Staff in attendance: Deputy Tax Assessor Chad Phillips Chief Appraiser Kelly Wells Temporary Appraiser Assistant Rob Teachout Appraiser C le Anderson Appraiser Louise Benson-Lochner Appraiser Jimmy Milliken Meeting Schedule: No. Time Appellant PIN or Abstract Appeared Appeal Type 1 1:26PM Susanna Jo Rakusin Trust 9851081354 Yes Value-Real 2 1:34PM Susanna Jo Rakusin Trust 9841966827 Yes Value-Real 3 1:40PM Craig Stenberg 9881601686 Yes Value-Real 4 2:03PM Dwight H. DeBree 9788596302 Yes Value-Real 5 2:15PM Dwight H. DeBree 9788595445 Yes Value-Real 6 2:20PM Dwight DeBree 9788594592 Yes Value-Real 7 2:42PM Chloe Giordano 9873383410 No Value-Real 8 2:45PM Dharma Holdings LLC 9778719635 No Value-Real 9 2:48PM Shannon D. Serre 9862183041 No Value-Real 10 2:53PM Shannon D. Serre 9862182599 No Value-Real 11 3:33PM Judith Bowden Johnson Trustee 9777325887 Yes Value-Real 12 3:57PM Worth Johnson 9777421804 Yes Value-Real 13 4:04PM Judith B.Johnson 9777338241 Yes Value-Real 14 4:10PM Karla Michelle Bowden Smith 9777321942 Yes Value-Real Time B Meeting called to order 1:26 PM Leon Meyers Meeting adjourned 4:16 PM Barbara Levine Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD Motion Time By Second To move into recess 2:58 PM Barbara Levine Shannon Julian To return to order 3:33 PM Barbara Levine Shannon Julian Consent Agenda: Motion of the Board Accept Proposed Consent Agenda?: Yes Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against ... Notes: See Consent Agenda attached below. Related meeting notes: Leon temporarily vacated the chair and Barbara was appointed Chair pro tem and presided over appeals: 9873383410, 9778719635, 9862183041, 9862182599, 9777325887, and the Consent Agenda. Property Identification: Property Owner Susanna Jo Rakusin Trust Appellant(if different) Paul Dubling (Attorney) Property Address Unimproved 10.01-acre Parcel ID or Abstract 9851081354 parcel at end of Silas Lane Statement of Appeal: Request reduction in value based on valuation of very similar property also owned by appellant's client(based on land condition). Current Assessed Value $269,300 ounty Opinion $194,500 Time of Hearin 1:26 PM Appellant Opinion $224,400 County Representative C le Anderson Board Decision $194,500 Evidence submitted by the appellant: • The appellant states: "PIN numbers 9851087212 and 9851081354 are both owned by the Susanna Jo Rakusin Trust. They are contiguous,unimproved properties in the 6ARTHMNS neighborhood of identical size, accessibility,topography, and all other features relevant to valuation. The appraised value for PIN 9851087212 is $22,417 per acre. However, the current appraised value of PIN 9851081354 is $26,902 acre. This appraisal is inexplicably higher than the adjoining property and is substantially(42%)higher than the average sales price per unimproved acre in the 6ARTHMNS neighborhood for the previous valuation period. We request that the appraised Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD value of PIN 9851081354 be reduced to match the identical contiguous lot, giving it an appraised value of$224,400." Evidence submitted by the county representative: • The subject property is a 10.01-acre vacant tract located at 3129 Silas Lane in Hillsborough. The appellant provided an equity comparable property located beside of the subject property, and requests that the subject's value be reduced to a similar assessment. • After reviewing the appellant's comparable property as well as the subject lot, County staff recommends increasing the subject lot's adjustment from -10%to -35%. This adjustment is larger than the-25%land adjustment that's applied to the appellant's comparable as staff contends that this larger adjustment is appropriate as there is a stream running through the middle of the tract. • This proposed adjustment would result in a revised assessment of$194,500 for the subject property. • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $194,500 Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner Susanna Jo Rakusin Trust Appellant(if different) Paul Dubling (Attorney) Property Address Unimproved 2.45-acre Parcel ID or Abstract 9841966827 parcel on Arthur Minnis Road Statement of Appeal: Request reduction in value based on comparable properties. Current Assessed Value $148,700 ounty Opinion $96,600 Time of Hearin 1:34 PM Appellant Opinion $49,000 Revised to $110,250 County Representative C le Anderson Board Decision $96,600 Evidence submitted by the appellant: • The appellant states: "The property is located in the 6ARTHMNS neighborhood. Since the previous assessment conducted in 2021, actual sales of unimproved land have been conducted at an average price of $18,905.38. There have only been two sales of unimproved land at a price higher than$20,000 per acre and the maximum price per acre for any sale was $40,555.56(for Parcel 9852237221) and this sales price is an extreme outlier. PIN 9841966827 is unimproved land in the 6ARTHMNS neighborhood. The current assessed value would place the price per acre at $60,693.88, a figure comparable to the average price per acre of IMPROVED land within the Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD 6ARTHMNS neighborhood. There is no reasonable basis upon which to value unimproved land as if it were improved land." • The appellant provided six comparable sales as supporting documentation. Evidence submitted by the county representative: • The subject property is a 2.45-acre vacant tract located off Arthur Minnis Road in Hillsborough. The appellant submitted six vacant land sales as supporting documentation; however, five of the six comparables are significantly larger than the subject property,resulting in a substantially lower price per acre. • County staff conducted a sales analysis of two similarly sized vacant land sales within the subject's neighborhood. Based on this analysis, staff recommends applying a-35%market adjustment to the subject tract to align its price per acre with the comparable sales. • This recommended adjustment results in a revised assessed value of$96,600 for the subject property. • GIS Map • Sales Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $96,600 Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner Craig Stenberg Appellant(if different) Property Address Lot 17, Forest Ridge Drive Parcel ID or Abstract 19881601686 Statement of Appeal: Request reduction in value based on the history of the assessments of the lot since taking ownership. Current Assessed Value $75,000 County Opinion $45,000 Time of Hearin 1:40 PM Appellant Opinion $7,500 County Representative Louise Benson- Board Decision $30,000 Lochner Evidence submitted by the appellant: • The Appellant filed a formal appeal on 6/19/2025. The Appellant included a letter outlining the history of the assessments of the lot since taking ownership. • No additional evidence(e.g.photos, comparable sales,prior documentation)were provided. Evidence submitted by the county representative: 9 Appraiser observation&recommendation: Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD o The subject is a vacant lot located in NBC 7920(Stoneridge). Per assessment records and the Appellant,two adjoining parcels have their septic systems located on the subject lot. o Upon researching the assessment history of the subject lot,it is noted the lot has had a -85%land influence factor since 2005. This is due to the parcel being unbuildable due to having the septic systems noted above. o A search for documentation from prior appeals stipulating a set dollar value was performed. No documentation was located by this appraiser. o NBC 7920 is lot valued at$300,000 per site. It is recommended to change the current - 75%land factor to a-85%land factor to be consistent with the history of the subject. This recommendation reduces the current assessed value$30,000 to a revised 2025 assessment of$45,000. • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Value Changed as Follows: $30,000(-90% adjustment) Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property Owner Dwight Debree Appellant if different Property Address 509 North St. Chapel Hill, Parcel ID or Abstract 9788596302 NC 27514 Statement of Appeal: Request reduction in value based on perceived overstated land value. Current Assessed Value $895,300 ounty Opinion $838,500 Time of Hearin 2:03 PM Appellant Opinion $665,300 County Representative Kelly Wells Board Decision $838,500 Evidence submitted by the appellant: • I believe the current assessment overstates the fair market value of this property as of January 1, 2025. Grounds for Appeal Land Value Valued: $630,000,Reasonable Land Value: $400,000 Evidence submitted by the county representative: • The subject property is a Two-to Four Family building with 3 units with a total of 4 bedrooms and 4 bathrooms built in 1937 on a.33-acre lot on North Street in the Historic District in Chapel Hill. • There is currently an adjustment on the land of-10%for the driveway easement. Although the referenced parcels in the appeal are just down the street,they are considered by The County a different neighborhood and have a different base rate. Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD • Tanner Valuations Group reviewed the property and the appeal and noted that there is deferred maintenance on the house. Although their recommendation was to reduce the condition from average to fair and the effective age to the actual year built of 1937, The County,based on the knowledge of renovations in 2014 and listing pictures of the interior, and sales of similar properties in the neighborhood recommends: *Reducing the effective age from 1964 to 1952 and *Increasing the land adjust from-10%to-15%for the easement • These proposed changes would result in a reduction in value from$895,300 to $838,500. • Photo of Subject • GIS Map • Sales and Equity Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept County's Proposed Value: $838,500 Made the motion Shannon Julian Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: Property Owner Dwight De Bree Appellant if different Property Address 513 North Street Chapel Parcel ID or Abstract 9788595445 Hill,NC, 27514 Statement of Appeal: Request reduction in value based on perceived overstated land value, lack of street frontage, and driveway easement. Current Assessed Value $392,000 ounty Opinion $385,000 Time of Hearin 2:15 PM Appellant Opinion $300,000 County Representative Kelly Wells Board Decision $385,000 Evidence submitted by the appellant: • I am submitting this appeal to contest the 2025 assessed value of my property located at 511 North St, Chapel Hill,NC 27514. 1 believe the current assessment overstates the fair market value of this property as of January 1, 2025. Grounds for Appeal Land Value Valued: $392,000,Reasonable Land Value: $300,000 The land value for 511 North Street should be MUCH LESS than the value of the properties at 525 North Street, 303 N Boundary Street, 309 N Boundary Street, 313 N Boundary Street all within 200-300 feet of this property. *It is a flag lot with no street frontage on North Street or any other street *It is accessed via a driveway easement that is shared by 5 properties *About 20%of the lot is covered by the driveway easement Evidence submitted by the county representative: • The subject property is a.27-acre lot off North Street in th Historic District in Chapel Hill. • Tanner Valuations Group reviewed the property and appeal: Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD Based on the location of the subject,I would recommend a more aggressive land adjustment for the access around 40%to 50%.Additionally, I would recommend less or no adjustment on the "shape"because I believe the shape of the property is ideal for a new home to be built upon. • Based on these recommendations, The County recommends removing the shape adjustment on the land but increasing the overall adjustment to -45%to account for access (no road frontage) and the easement,resulting in a reduced value from$392,000 to$385,000 • Photo of Subject • GIS Map • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $385,000 Made the motion Leon Meyers Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Property Identification: Property OwnertDwight De Bree A ellant(if differentProperty Addre5 North Street, Chapel Parcel ID or Abstract 9788594592 ll,NC 27514 Statement of Appeal: Request reduction in value based on perceived overstated land value, comparable property, lack of street frontage, resource conservation district, and driveway easement. Current Assessed Value $554,000 ounty Opinion $554,000 Time of Hearin 2:20 PM Appellant Opinion $454,000 County Representative Kelly Wells Board Decision $484,000 Evidence submitted by the appellant: • I am submitting this appeal to contest the 2025 assessed value of my property located at 515 North St, Chapel Hill,NC 27514. I believe the current assessment overstates the fair market value of this property as of January 1, 2025. Grounds for Appeal Land Value Valued: $350,000,Reasonable Land Value: $250,000 *Comparable land value: Boundary Street * It is a flag lot with no street frontage on North Street or any other street * It is accessed via a driveway easement that is shared by 5 properties•About 90%of the lot is on a steep slope and 100%of the lot is sloped * About 70%of the lot is in the resource conservation district and cannot be touched * About 5%of the lot is covered by the driveway easement Evidence submitted by the county representative: • The property is a 1,812 sf single family home with 3 bedrooms and 2 baths build in 1982 on a .24 acre lot in the Historic District in Chapel Hill. • Although North Boundary Street properties are adjacent to the subject,they are considered by The County to be in a different neighborhood with a different land rate based on sales. Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD • The property is currently receiving -50%adjustment for access and topography(including stream)which is equitable with the neighboring lot. • Based on sales and equity, The County recommends no further change in value. • Photo of Subject • GIS Map • Plat • Sales and Equity Analysis • Sales Map • Current Property Record Card Motion of the Board Value Changed as Follows: $484,000 -60%land Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against ... Property Identification: Property Owner Chloe Giordano A ellant(if different Property Address 2106 Woodbury Drive I Parcel ID or Abstract 19873383410 Statement of Appeal: Request reduction in value based on comparable sales and incorrect data on the current property record card. Current Assessed Value $506,800 ounty Opinion $486,000 Time of Hearin 2:42 PM Appellant Opinion $471,400 County Representative C le Anderson Board Decision $486,000 Evidence submitted by the appellant: • The appellant submitted seventeen comparable sales as supporting documentation, four of which occurred after the January 1, 2025. The appellant also states that a storage building listed on the property record card has been removed. Evidence submitted by the county representative: • The subject property is a 0.28-acre tract improved with a 2,012 square foot single-family dwelling located at 2106 Woodbury Drive in Hillsborough. County staff reviewed the appellant's supporting documentation,which included four comparable sales from 2023, four from 2025, and nine from 2024. • County staff conducted a sales analysis using the appellant's qualified 2024 comparable sales, as 2024 sales are more representative of market value as of January 1, 2025. All comparables included in the analysis are similar to the subject in terms of livable square footage. The appellant also states that a storage building shown on the subject's property record card was recently removed. • After review, County staff recommends removing the storage building from the property record card. • After reviewing the sales analysis, County staff recommends reducing the subject's effective year built from 2022 to 2015,which brings the subject's price per square foot in line with the Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD 2024 comparable sales. These proposed changes result in a revised assessment of$486,000 for the subject property. • Photo of Subject • GIS Map • Appellant's Email Stating Acceptance of Proposed Value • Sales Analysis • Current Property Record Card • Proposed Property Record Card Motion of the Board Accept Count 's Proposed Value: $486,000 Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against ... Property Identification: Property Owner Dharma Holdings LLC Appellant(if different Property Address 303 Smith Level Road Parcel ID or Abstract 9778719635 Bldg D Unit 24 Statement of Appeal: Request reduction in value based on comparable properties. Current Assessed Value $284,900 ounty Opinion $284,900 Time of Hearin 2:45 PM Appellant Opinion $235,000 County Representative C le Anderson Board Decision $284,900 Evidence submitted by the appellant: • The appellant states that the sales of comparable units are the reason for this appeal. The appellant provided three comparable sales from October of 2020 as supporting documentation. Evidence submitted by the county representative: • The subject property is a 1,248 square foot condominium located at 202 Smith Level Road, Unit 24, in Chapel Hill. The appellant provided three comparable sales from October of 2020 as supporting documentation. Because these sales occurred before the last reappraisal date of January 1, 2021,they were not considered. • County staff reviewed a sales analysis of 2024 sales in the subject's neighborhood,noting that the subject itself sold in December of 2022 for$280,000. After review, and in the absence of valid supporting documentation, County staff recommends no change to the subject property's assessment of$284,900. • GIS Map • Sales Analysis • Current Property Record Card Motion of the Board Acce t Count 's Proposed Value: $284,900 No change in value Made the motion Shannon Julian Seconded the motion Barbara Levine Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD Voted For All BOER Members Voted Against Property Identification: Property Owner Shannon D Serre A ellant(if different) Property Address #1 Clem Johnson I Parcel ID or Abstract 19862183041 Statement of Appeal: Request reduction in value based on a comparable that sold prior to January 1, 2025. Current Assessed Value $191,400 ounty Opinion $143,500 Time of Hearin 2:48 PM Appellant Opinion $56,500 County Representative Jimmy Milliken Board Decision $143,500 Evidence submitted by the appellant: • Submitted comparable that sold prior to January 1,2025. Evidence submitted by the county representative: • Subject Property Overview: The subject property is Lot#1 CLEM JOHNSON, located in NBC 7007, which carries a base AC-9 land rate of$70,000 per acre. The parcel consists of 5.02 acres of vacant land. • Review of Submitted Comparables: County staff reviewed the comparables submitted by the appellant. The first four sales are located in different Neighborhood Codes (NBCs), each with their own base land rates and adjustment factors: o NBC 6012—$70,000 base rate; 8.18 acres with a—10%land adjustment. o NBC 7041 —$90,000 base rate; 10.54 acres with a—15%land adjustment. o NBC 4009—$76,000 base rate; unqualified sale, considered below market value/related-party, and therefore not reliable for valuation. o NBC 7960—$105,000 base rate; 8.3 acres with a—30%land adjustment. o NBC 7007—$70,000 base rate within the subject's neighborhood; 20.58 acres with a— 35%land adjustment. • Due to varying NBCs, land rates, and conditions,these sales have limited comparability to the subject parcel. • County Review and Recommendation: Given the limited number of sales in NBC 7007, staff evaluated the subject's physical characteristics, including access limitations and stream buffers, both of which restrict usability and influence market value. • To better account for these constraints,the County recommends increasing the land adjustment from—20%to—40%. Applying this revised adjustment results in a new land value of$143,500, equivalent to $28,585.66 per acre. • Conclusion: Based on the analysis and neighborhood-supported data,the County recommends adjusting the assessed value to$143.500 for the 2025 assessment. • GIS Map • Map • Current Property Record Card • Proposed Property Record Card Motion of the Board I Accept Count 's Proposed Value: $143,500 Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD Made the motion Shannon Julian Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: Property Owner Appellant(if different)Shannon D Serre Property Address 1 #2 Clem Johnson I Parcel ID or Abstract 19862182599 Statement of Appeal: Request reduction in value based on a comparable that sold prior to January 1, 2025. Current Assessed Value $192,900 County Opinion $144,700 Time of Hearin 2:53 PM Appellant Opinion $56,500 County Representative Jimmy Milliken Board Decision $144,700 Evidence submitted by the appellant: • Submitted comparable that sold prior to January 1,2025. Evidence submitted by the county representative: • Subject Property Overview: The subject property is Lot#2 CLEM JOHNSON, located in NBC 7007, which carries a base AC-9 land rate of$70,000 per acre. The parcel consists of 5.06 acres of vacant land. • Review of Submitted Comparables: County staff reviewed the comparables submitted by the appellant. The first four sales are located in different Neighborhood Codes (NBCs), each with their own base land rates and adjustment factors: o NBC 6012—$70,000 base rate; 8.18 acres with a—10%land adjustment. o NBC 7041 —$90,000 base rate; 10.54 acres with a—15% land adjustment. o NBC 4009—$76,000 base rate; unqualified sale, considered below market value/related-party, and therefore not reliable for valuation. o NBC 7960—$105,000 base rate; 8.3 acres with a—30%land adjustment. o NBC 7007—$70,000 base rate within the subject's neighborhood; 20.58 acres with a— 35%land adjustment. • Due to varying NBCs, land rates, and conditions,these sales have limited comparability to the subject parcel. • County Review and Recommendation: Given the limited number of sales in NBC 7007, staff evaluated the subject's physical characteristics, including access limitations and stream buffers, both of which restrict usability and influence market value. • To better account for these constraints,the County recommends increasing the land adjustment from—20%to—40%. Applying this revised adjustment results in a new land value of$144,700, equivalent to $28,596.84 per acre. • Conclusion: Based on the analysis and neighborhood-supported data,the County recommends adjusting the assessed value to$144,700 for the 2025 assessment. • Map • GIS Map • Current Property Record Card • Proposed Property Record Card Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD Motion of the Board Accept Count 's Proposed Value: $144,700 Made the motion Shannon Julian Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: Property Owner Judith Bowden Johnson Appellant(if different) Trustee PropertyAddress 1015 Clarence Drive Parcel ID or Abstract 9777325887 Statement of Appeal: Request reduction in value based on the condition of the home and location. Current Assessed Value $239,700 ounty Opinion $200,400 Time of Hearin 3:33 PM Appellant Opinion Not Provided County Representative Jimmy Milliken Board Decision $200,400 Evidence submitted by the appellant: • Valuation adjustment to be based on the land, location on dirt road, and age of improvements. Evidence submitted by the county representative: • After reviewing submitted information,the manufactured home's year built and effective age are the same, 1978 with the condition listed as fair and has additional existing physical depreciation of 20%totaling 67.20%in depreciation. • Land comparables#1 and 2#are in a different neighborhood, 7564 with 10.01 acres with a base rate of$150,000. Comparable#3 is from the subjects neighborhood with a base rate of $120,000 with 14.89 acres. All properties are valued using the AC_9 pricing tables,based on rate and acreage size factors. • Subject property is approximately .6 of a mile from the main road, Smith Level. The County suggests increasing the existing access adjustment by 10%, making it -20%, also applying a- 10%topo adjustment for the land for a total land adjustment of-30%, creating a new value of $200,400. • Summary • Vacant Land Sales • Current Property Record Card • Proposed Property Record Card • GIS Map • Photo of Subject Motion of the Board Accept Count 's Proposed Value: $200,400 Made the motion Shannon Julian Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD Property Identification: Property Owner Worth Johnson A ellant(if different) Property Address 1013 Clarence Drive I Parcel ID or Abstract 19777421804 Statement of Appeal: Request reduction in value based on land inequities. Current Assessed Value $240,500 ounty Opinion $201,200 Time of Hearin 3:57 PM Appellant Opinion Not Provided County Representative Jimmy Milliken Board Decision $201,200 Evidence submitted by the appellant: • Please see land inadequacies, maintained hard surfaced roads. Evidence submitted by the county representative: • The appellant's land comparables#1-#4 are in a different neighborhood(7035)with a base rate of$75,000 per acre. The appellant's comparable#5 is from the subject's neighborhood with a base rate of$120,000.00 and contains 14.89 acres. All properties are valued through Ac_9 pricing tables,based on rate and acreage size factor. • Subject property is approximately .6 of a mile from the main road, Smith Level Road. The County suggests increasing the existing access adjustment by 10%making it-20% and also applying a-10%topography adjustment for a total land adjustment of-30%creating a revised total value of$201,200. • Sales Analysis • Current Property Record Card • Proposed Property Record Card • GIS Map • Photo of Subject Motion of the Board Accept Count 's Proposed Value: $201,200 Made the motion Shannon Julian Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: Property Owner Judith B. Johnson Appellant if different Property Address 1012 Clarence Drive Parcel ID or Abstract 19777338241 Statement of Appeal: Request reduction in value based on negative features of the subject property. Current Assessed Value $294,200 County Opinion $294,200 Time of Hearin 4:04 PM Appellant Opinion Not Provided County Representative Jimmy Milliken Board Decision $253,100 Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD Evidence submitted by the appellant: • Reduce valuation based on dirt road and rocky land. Evidence submitted by the county representative: • The County addressed the issues during the informal appeal process by adding a-30% adjustment to the land, lowering the$376,400 value to the current value of 294,200. The subject has a similar valuation to 100 Smith Level Road because of economies of scale,with the subject containing 6.85 acres versus Smith Level Road having 14.89 acres. No additional adjustment is supported. • Land Sales • Current Property Record Card • GIS Ma Motion of the Board Value Changed as Follows: $253,100 total-40%land only) Made the motion Shannon Julian Seconded the motion Barbara Levine Voted For All BOER Members Voted Against Property Identification: Property Owner Karla Michelle Bowden Appellant (if different) Smith Property Address 1017 Clarence Drive Parcel ID or Abstract 9777321942 Statement of Appeal: Request reduction in value based on land inequities. Current Assessed Value $549,100 ounty Opinion $437,700 Time of Hearin 4:10 PM Appellant Opinion $425,000 County Representative Jimmy Milliken Board Decision $437,700 Evidence submitted by the appellant: • Please see land inadequacies, maintained hard surfaced roads. Evidence submitted by the county representative: • The appellant's land comparables#1-#4 are in a different neighborhood(7035)with a base rate of$75,000 per acre. The appellant's comparable#5 is from the subject's neighborhood with a base rate of$120,000.00 and contains 14.89 acres. All properties are valued through Ac_9 pricing tables,based on rate and acreage size factor. • Subject property is approximately.6 of a mile from the main road, Smith Level Road. The County suggests increasing the existing access adjustment by 10%making it-20% and also applying a-10%topography adjustment for a total land adjustment of-30%. • The County also suggests lowering the grade of the house from B-10 to C+10 and adjusting the grade of the garage from C+10 to C, creating a revised overall valuation of$437,700. • Land Sales • Current Property Record Card • Proposed Property Record Card Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096C012E2CD • GIS Map • Photo of Subject Motion of the Board Accept Count 's Proposed Value: $437,700 Made the motion Barbara Levine Seconded the motion Shannon Julian Voted For All BOER Members Voted Against Chair of the WOSigned by: Leon Meyers 12/30/2025 Chair Pro Te DocuSigned by: Barbara Levine -F35F58G^o57f0,74" 12/30/2025 Recording Se tWp:by: 16bt4l 4 Rob Teachout ��- fi�,a.� 12/30/2025 Docusign Envelope ID:3B2177F4-4DF3-4FD7-AOD9-5096CO12E2CD CONSENT AGENDA Orange County Board of Equalization and Review December 17, 2025 Parcel ID Owner Name Current Value Recommended Reason for change Date Signed Value 9788173962 Willie Mae $327,800 $308,700 Value was reduced during BOER ordered NBH review, in addition 12/9/2025 Patterson Hrs Tanner Valuations recommend reducing the effective year built and condition of the home to fair. 9788064679 James $586,100 $433,700 Based on equity of similar homes in the nbh, changing the building 12/15/2025 Bulbrook type from DRSFR to SFR, increasing the grade from C to B+10, removing the market factor from the land and adding a size adjustment for the Floor Area Ratio restrictions. 9864975018 Christopher J $524,800 $439,000 County staff recommends increasing the land adjustment to-20%to account for 12/15/2025 Gibson a stream/creek and riparian buffers. County staff also recommends reducing the dwelling's grade from A to B-5 and the effective year built from 2007 to 1997. Staff recommends applying a 5% physical depreciation adjustment for the damaged bathroom. These proposed changes result in a revised assessment of$403,200 for the subject property. 9843662371 Lois Baker N/A N/A Untimely filed PUV Application 12/16/2025 9769305966 Joseph Clark 239,300 $190,900 Per neighborhood review, County staff applied a -15%adjustment to the land 12/15/2025 in the subject's neighborhood(7042). Additionally,after speaking with the appellant,County staff recommends applying an additional -10%land adjustment for septic issues and view. Staff also recommends applying 10% physical depreciation for a damaged/leaking roof 9864370355 Gillian $40,500 $22,500 County staff recommends increasing the land adjustment from -55%to 12/16/2025 Gentry -75%due to size, access, drainage issues and erosion/topography-this lot is unbuildable. 9864279348 Gillian $145,700 $118,000 County staff recommends increasing the land adjustment from -10%to 12/16/2025 Gentry -30%due to access, easement, drainage issues and erosion/topography. Staff also recommends reducing the dwelling's condition from average to fair. 9788185286 David Rankin $259,500 $259,500 Value was lowered from $340,100 during BOER neighborhood review. 12/16/2025 16