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Based on the facts and exhibits presented, the Property Tax
Appeal Board hereby finds no change in the assessment of the
property as established by the Alexander County Board of Review
is warranted. The correct assessed valuation of the property is:
LAND: $ 755
IMPR.: $ 27,145
TOTAL: $ 27,900
Subject only to the State multiplier as applicable.
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PROPERTY TAX APPEAL BOARD'S DECISION
APPELLANT: Elizabeth H. Morin, Trustee
DOCKET NO.: 06-02840.001-R-1
PARCEL NO.: 01-01-01-140-002
The parties of record before the Property Tax Appeal Board are Elizabeth H. Morin, Trustee, the appellant, and the Alexander County Board of Review.
The subject property consists of a two-story frame dwelling containing 1,508 square feet of ground floor living area or 3,016 square feet of above grade living area. The dwelling is approximately 103 years old with an effective age of 1952. Features include an unfinished basement, central air conditioning, two fireplaces, and a 399 square foot detached garage. The subject property was placed on the National Register of Historic Places on January 26, 1979.
The appellant submitted evidence before the Property Tax Appeal Board claiming a lack of uniformity regarding the subject's improvement assessment as the basis of the appeal. In addition, the appellant argued the subject dwelling should receive a preferential assessment due to its status on the National Register of Historic Places.
In support of the inequity claim, the appellant submitted property record cards, photographs and an assessment analysis of four suggested comparables located in close proximity to the subject. The comparables consist of three, two-story and a one-story dwelling of fame or masonry construction that were built from 1891 to 1957. Property record card indicate comparables 2 and 3 have effective ages of 1922 and 1959. The comparables have unfinished basements. Three comparables have central air conditioning, three comparables have at least one fireplace, and three comparables have garages ranging in size from 284 to 640 square feet. The dwellings range in size from 1,500 to 1,827 square feet of ground floor area or from 1,584 to 3,654 square feet of above grade living area. They have improvement assessments ranging from $10,350 to $11,340 or from $2.88 to $7.18 per square foot of total above grade living area. The subject property has an improvement assessment of $27,145 or $9.00 per square foot of above grade total living area.