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Home My WebLink AboutE&R 2004-06-14 I I I 401 ,., NEW HANOVER COUNTY BOARD OF EQUALIZATION AND REVIEW, JUNE 14,2004 BOOK 1 PAGE 350 ASSEMBLY The New Hanover County Board of Equalization and Review met on Monday, June 14, 2004, at 10: 15 a.m. in the Assembly Room of the New Hanover County Courthouse, 24 North Third Street, Wilmington, North Carolina. The purpose of the meeting was to hear appeals filed by property owners regarding their tax value assessments. Members present were: Chairman Robert G. Greer; Commissioner William A. Caster; Commissioner Ted Davis, Jr.; Commissioner Nancy H. Pritchett; Tax Administrator Robert G. Glasgow; Assistant County Attorney, Holt Moore; and Clerk to the Board, Sheila L. Schult. Vice-Chairman Julia Boseman was absent. Chairman Greer called the meeting to order and welcomed everyone present. TAX APPEAL PRESENTATION TAX APPEAL: CARL L. III AND AMANDA E. SPEARS, 7008 AIRLIE OAKS LANE, WILMINGTON, NC, TAX MAP NUMBER R05714-013-010-000 Tax Administrator Glasgow introduced Henry 1. Montgomery, Appraisal Supervisor and reported that the subject property is located in Oak Village at Airlie, Phase I. It is a rectangular lot with 308.51 feet offront footage along Airlie Oaks Lane and an average depth of67.84 feet. The western end of this parcel contains a state required storm water drainage basin roughly 27 feet wide and 57 feet long which was dry at the time observed. Airlie Road parallels the Intra-Coastal Waterway as it runs southward away from US Highway 74-76 at the Wrightsville Beach bridge. Airlie Oaks Lane is a private road running westward from Airlie Road about 1,000 feet from Highway 74-76. All values in the Airlie Road area are strongly influenced by the Wrightsville Beach environment. The Tax Department did not recognize the storm water drainage basin on the western end of the subject parcel until the field review for this appeal. Accordingly, the Tax Department recommends a downward adjustment in land value from $173,998 to $149,999 for a total tax value of $459,924. Carl L. Spears, III, property owner of7008 Airlie Oaks Lane, presented his appeal by stating that he paid $497,500 for this property in April 2002, and believes the land value is inequitably assessed as compared to Oak Village at Airlie, Phase II, a new part of the subdivision immediately west of subject property. He stated the land component should be valued between $86,000 and $94,000 basing his opinion on the assessed land value offive parcels in Oak Village at Airlie, Phase II, which like his property, lacks riparian rights and a water-view from the boundaries of these parcels. He also noted that the storm water basin on the western end of his property was not usable for any value related purpose. ~ 402. NEW HANOVER COUNTY BOARD OF EQUALIZATION AND REVIEW, JUNE 14,2004 BOOK 1 PAGE 351 .,"lllrlii';'- Appraisal Supervisor Montgomery reported that the subject parcel is in Phase I of Oak Village on Airlie. Excluding the subject property and with no consideration for the passage of time, lots in Phase I last sold as vacant between 1988 and 1994 for an average of$93,200 per lot. The subject lot sold in 1994 for $125,000, however, two parts of the subject lot were sold to adjacent land owners ($25,000 sale in 1997 and $7,000 sale in 1999.) Adjusting the sale price for these two sales, the subject lot sold for $93,000 in 1994. The pre-1999 real estate market regarded lots in Phase II of Oak Village at Airlie differently. Lots in Phase II last sold as vacant between 1993 and 1996 for an average of $77,600 per lot. Therefore, by valuing the subject lot with other lots in Phase I, the Tax Department believes it correctly followed the real estate market in the revaluation year of 1999 and recommends comparing the subject lot's value with the value of other lots in Phase I of Oak Village at Airlie. The Tax Department believes the subject parcel is equitably assessed compared to other parcels in Phase I. These other lots are roughly half the size of the subject parcel, but are assessed for an average of $220,598 per lot. The recommended value for subject lot is $149,999, which recognized that its location is furthest from the waterway and also includes a drainage basin. The Appellant's comparable properties are in Phase II of Oak Village at Airlie. The typical lot in Phase II is roughly half the size of the subject property. """",i' In conclusion, the Tax Department believes the subject land is equitably assessed and recommends that the Board approve the recommended corrections and a tax value of$459,924. Chairman Greer informed the Appellant that the Board would make a decision following the hearing and notification would be mailed within a week. Motion: Commissioner Caster MOVED, SECONDED by Commissioner Pritchett, to deny the appeal and to uphold the assessed value of $459,924, as recommended by the Tax Administrator. Upon vote, the MOTION CARRIED 4 to o. ASSESSED VALUES REDUCED Tax Administrator Robert Glasgow reported that several appellants have met with the Tax Appraisal Staff, and based on these discussions the appellants have concurred with the proposed reductions in values. He recommended that the Board approve the reductions in the assessed values for those appeals. The Board of Equalization and Review reduced the assessed value on the following appeals: TAX APPEAL - VAN H. AND BARBARA A. ERNEST, 4936 COLORADO DRIVE, WILMINGTON, NC, TAX MAP NUMBER R07600-002-165-000 Tax Administrator Robert Glasgow reported that the appellant has agreed with the recommended reduction of the assessed value from $175,515 to $165,221. The reduction was based on correcting the building condition, quality grade and structure type. I I I 403 -.., NEW HANOVER COUNTY BOARD OF EQUALIZATION AND REVIEW, JUNE 14,2004 BOOK 1 PAGE 352 Motion: Commissioner Pritchett MOVED, SECONDED by Commissioner Caster, to reduce the assessed value on the property for which the Tax Department has reached an agreement with the appellants. Upon vote, the MOTION CARRIED 4 to O. TAX APPEAL - MYRICK FAMILY TRUST, 13 W. GREENSBORO STREET, WILMINGTON, NC, TAX MAP NUMBER R05720-021-022-000 Tax Administrator Robert Glasgow reported that the appellant has agreed with the recommended reduction of the assessed value from $364,144 to $333,470. The reduction was based on correcting the land pricing and plumbing fixture error. Motion: Commissioner Caster MOVED, SECONDED by Chairman Greer, to reduce the assessed values on the property for which the Tax Department has reached an agreement with the appellants. Upon vote, the MOTION CARRIED 4 to O. TAX APPEAL-HOWARD E. MYRICK, 15W. GREENSBORO STREET, WILMINGTON, NC, TAX MAP NUMBER R05720-021-023-000 Tax Administrator Robert Glasgow reported that the appellant has agreed with the recommended reduction of the assessed value from $341,202 to $316,020. The reduction was based on correcting the land pricing. Motion: Commissioner Caster MOVED, SECONDED by Chairman Greer, to reduce the assessed values on the property for which the Tax Department has reached an agreement with the appellants. Upon vote, the MOTION CARRIED 4 to O. TAX APPEAL - THOMAS P. AND LINDA L. RETSON, 2300 OCEAN RIDGE PLACE, WILMINGTON, NC, TAX MAP NUMBER R05116-004-007-000 Tax Administrator Robert Glasgow reported that the appellant has agreed with the recommended reduction of the assessed value from $678,879 to $563,182. The reduction was based on correcting the story height and square footage. Motion: Commissioner Pritchett MOVED, SECONDED by Commissioner Caster, to reduce the assessed values on the property for which the Tax Department has reached an agreement with the appellants. Upon vote, the MOTION CARRIED 4 to O. TAX APPEAL - RONALD E. AND JULIA R. SCHNELL, 235 WINDY HILLS DRIVE, WILMINGTON, NC, TAX MAP NUMBER R07908-003-059-000 Tax Administrator Robert Glasgow reported that the appellant has agreed with the recommended reduction of the assessed value from $613,203 to $531,187. The reduction was based on correcting the story height and square footage. Motion: Commissioner Caster MOVED, SECONDED by Chairman Greer, to reduce the assessed values on the property for which the Tax Department has reached an agreement with the appellants. Upon vote, the MOTION CARRIED 4 to O. ~ 404 NEW HANOVER COUNTY BOARD OF EQUALIZA TION AND REVIEW, JUNE 14,2004 BOOK 1 PAGE 353 APPROVAL OF DELINQUENT APPLICATION FOR RELEASE OF VALUE The Commissioners approved the delinquent application for exemption from property tax from the following organizations: R08500-002-032-000 R054 13-033-028-000 R049 13-009-017-000 R03 700-001-005-000 R071 00-004-00 1-00 1 R04200-002-0 16-000 R0541 0-029-003-000 R08000-00 1-009-000 R08000-00 1-008-000 R08000-00 1-004-000 R06614-003-00 1-000 R04817 -036-001-000 ROI800-003-012-000 R04818-021-00 1-000 R05100-004-002-000 R03311-002-003-00 1 R033 16-002-004-000 R03316-002-003-000 R033 16-002-006-000 RO 11 00-008-0 16-000 Cape Fear Baptist Church Cape Fear Habitat for Humanity Child Development Center, Inc. Cornelia Nixon Davis Nursing Home, Inc. Covenant Moravian Church Grace Baptist Church New Covenant Holiness Church North Carolina Coastal Land Trust Pine Valley Church of Christ Temple ofIsrael The Rock of Wilmington Trinity United Methodist Church United Cerebral Palsy Wrightsboro Baptist Church Wrightsboro United Methodist Church Yahweh Center Children's Village Motion: Commissioner Caster MOVED, SECONDED by Commissioner Pritchett, to approve the delinquent applications for exemption from property tax. Upon vote, the MOTION CARRIED 4 to o. ADJOURNMENT There being no other business, Chairman Greer adjourned the Board of Equalization and Review for 2004 at 11 :00 a.m. Respectfully submitted, ~ ~\~ ~.~~\o.\~ Sheila L. Schult Clerk to the Board