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HomeMy WebLinkAboutE&R 2008-05-22 I I I -., BOOK 1 PAGE 509 NEW HANOVER COUNTY BOARD OF EQUALIZATION AND REVIEW, MAY 22, 2008 ASSEMBLY The 2007 New Hanover County Board of Equalization and Review met on Thursday, May 22, 2008, at 10:00 a.m. in Conference Room 601 of the New Hanover County Government Center, 230 Government Center Drive, Wilmington, North Carolina. The purpose of the meeting was to hear appeals flIed by property owners regarding their tax value assessments. Members present were: Vice-Chairman Robert G. Greer, Commissioner William A. Kopp, and Commissioner Nancy H. Pritchett. Chairman William A. Caster and Commissioner Ted Davis, Jr. were absent. Staff members present were: Tax Administrator Roger Kelley, Appraisal Supervisor Henry J. Montgomery, Appraiser Pete Richardson, and Deputy Clerk to the Board Kymberleigh G. Crowell. Board of Equalization and Review Vice-Chairman Greer called the meeting to order. TAX APPEAL PRESENTATIONS The Board heard appeal presentations from the following individuals regarding the 2007 tax assessment of real property. Each appellant was informed that the Board would make decisions following the hearings and that the Tax Administrator would notify each appellant by mail of the Board's decision. 1. Michael E. Lopez, President of Alpha Mortgage Corporation representing Alpha Mortgage Corporation, property owner of 1319 Airlie Rd, Wilmington, NC; R05700-006-027-001. 2. John C. Byrnes, III, representing John C. Byrnes IV ET AL Trustees, property owner of 7 Cedar Island***, Wilmington, NC; R06700-003-003-008. Break: Vice-Chairman Greer called for a break at 11 :20 a.m. and reconvened at 1: 1 0 p.m. 3. Betty A. Sellers, representing Wilmington Development Company, property owner of 11 Lennon Dr, Wilmington, NC; R04912-001-002-000. 4. Betty A. Sellers, representing Wilm Development Co, property owner of 60 S Kerr Ave, Wilmington, NC; R04914-004-002-000. 5. Betty A. Sellers, representing H L and Betty R Prevatte, property owners of 4615 Market St, Wilmington, NC; R049 1 5-001-002-000. 6. Betty A. Sellers, representing H L and Betty R Prevatte, property owners of 4621 Market St, Wilmington, NC; R04915-001-005-000. 7. Morris Page, representing Morris Norman and Mary Louise Page, property owners of 1322 N Lake Park Blv, Carolina Beach, NC; R08810-004-047-000. 8. Morris Norman Page, property owner of 1324 N Lake Park Blv, Carolina Beach, NC; R08 81 0-004-097- 000. In deliberations after the hearing of the appeals, the Board affirmed the assessed values as follows: Parcel ill R05700-006-027 -001 Assessed Value $1,439,431 Affirmed Value $724,096 (Reduced land value by an additional 7%) $1,716,9 17 Owner Alpha Mortgage Corporation 13 19 AirIie Rd, Wilmington, NC R06700-003-003-008 Byrnes John C IV ETAL Trustees 7 Cedar Island***, Wilmington, NC $1,546,504 88g ~ NEW HANOVER COUNTY BOARD OF EQUALIZATION AND REVIEW, MAY 22, 2008 Parcel ID R049 I 2-00 1-002-000 Owner Wilmington Development 1 I Lennon Dr, Wilmington, NC Wilm Development Co 60 S Kerr Ave, Wilmington, NC Assessed Value $88,029 $7,237,486 R04914-004-002-000 R049 I 5-00 1-002-000 Prevatte H L Betty R 4615 Market St, Wilmington, NC Prevatte H L Betty R 4621 Market St, Wilmington, NC Page Morris Norman Mary Louise 1322 N Lake Park Blv, Carolina Beach, NC Page Morris Norman 1324 N Lake Park Blv, Carolina Beach, NC $96,286 $706,955 $330,712 $787,800 R04915-00 1-005-000 R08 81 0-004-047 -000 R0881O-004-097 -000 BOOK 1 PAGE 510 Affirmed Value $88,029 Tabled until meeting of May 28,2008 (Staff to calculate value - Reduce CDU from Average to Fair for building values only) $96,286 $575,000 $157,200 $554,000 TAX APPEALS WITHDRAWN Tax Administrator Kelley reported that the following appellants have agreed to an adjusted value and withdrawn their appeals. The Board affirmed the assessed values of the following: Assessed Affirmed Parcel ID Owner Value Value R04 I 00-00 1-008-000 E W Godwin's Sons $50,017 $50,017 1207 Castle Hayne Rd, Wilmington, NC R041 00-00 1-006-000 E W Godwin's Sons Inc $146,000 $146,000 1233 Castle Hayne Rd, Wilmington, NC R05408-0 1 0-033-000 United Dominion Realty Trust $14,750,000 $14,750,000 23 14 Gibson Ave, Wilmington, NC R05700-003-062-000 Crockers Landing Assoc Inc $2,965,800 $2,965,800 1324 Airlie Rd, Wilmington, NC R057 I 9-003-021-002 Seapath Yacht Club Inc $14,867,935 $14,867,935 328 Causeway Dr, WrightsviIle Beach, NC R05719-003-021-135 Seapath Yacht Club Inc $1,333,329 $1,333,329 328 Causeway Dr, WrightsviIle Beach, NC R06700-003-003-007 Pottle Thomas G Mary E $1,504,766 $1,504,766 6 Cedar Island***, Wilmington, NC R08200-00 I -004-00 1 Bozeman Ernest Elaine ET AL $123,024 $123,024 7116 Carolina Beach Rd, Wilmington, NC R08200-00 1-004-002 Bozeman Ernest Elaine $84,000 $84,000 7124 Carolina Beach Rd, Wilmington, NC R08200-00 1-004-003 Bozeman Ernest Elaine M $97,920 $97,920 7120 Carolina Beach Rd, Wilmington, NC R08500-002-043-000 Bozeman Ernest Elaine M $37,611 $37,611 7178 Carolina Beach Rd, Wilmington, NC R08 800-005-002-00 1 Snows Cut Crossing LLC $6,000,000 $6,000,000 1401 N Lake Park Blv, Carolina Beach, NC R08800-005-011-000 Snows Cut Crossing LLC $1,600,000 $1,600,000 1361 N Lake Park Blv, Carolina Beach, NC R09213-0 I 4-0 1 0-000 SF Holdings of Wilmington LLC $2,850,000 $2,850,000 105 Atlantic Ave, Kure Beach, NC L8g I I I NEW HANOVER COUNTY BOARD OF EQUALIZATION AND REVIEW, MAY 22, 2008 BOOK 1 PAGE 511 -., ADJOURNMENT There being no further business, Vice-Chairman Greer recessed the 2007 Board of Equalization and Review at 3:00 p.m. The meeting will convene May 28,2008 at 9:00 a.m. 0~ 06<; ~