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Board of Equalization and Review

Orange County · Board of Equalization & Review
Wednesday, October 8, 2025

Regular meeting Tax rate and revaluation

Agenda document Minutes Watch Meeting recap

What's on this agenda

Orange County's Board of Equalization and Review is scheduled to hear seven 2025 revaluation appeals: five from State Employees Credit Union over branch banks around the county, a 154-unit student housing building on Martin Luther King Jr. Boulevard, and a home on West Queen Street. Each owner argues the county's assessed value is too high, and the board will weigh evidence from the owner and county appraisal staff before keeping or adjusting the figure.

Summarized from the published agenda. Read the agenda itself before acting on it.

Meeting recap

What happened, drawn from the records published after the meeting. Minutes

The board heard all seven appeals in a single session, recessing briefly from 2:08 to 2:12 p.m., and adjourned at 3:22 p.m. A discussion with the county attorney was postponed to the following day's meeting so she could attend in person. On the five credit union appeals, the county argued the owner's comparable bank sales came from outside the Triangle and undervalued how desirable Orange County is for bank sites, and the board agreed each time. On the two properties, corrections found on the county's own review - a re-measured apartment building and a house re-inspected for lost square footage and inoperable fireplaces - led the board to accept lower values than originally billed.

How the votes went

The board lowered two of the seven values and kept the rest. University Apartments at 600-0 Martin Luther King Jr. Boulevard went from $15,103,900 to $14,500,000, and the West Queen Street home went from $907,200 to $819,900 after the county's own re-inspection found errors in square footage and fireplace count. All five State Employees Credit Union appeals were denied, with the board keeping the county's original values.

From the published minutes.

Speaking at this meeting

Orange County's own rules for public comment — check them before you rely on anything here.

Agenda items (7)

Public hearing · 7
  1. 1 Appeal of 600-0 Martin Luther King Jr. Boulevard (University CH Owner LLC)
    Public hearing Tax rate and revaluation
    University CH Owner LLC, owner of the 154-unit University Apartments student housing building, sought a reduction from $15,103,900 to $13,000,000 based on income and cash flow analyses.
    Board changed the value to $14,500,000
  2. 2 Appeal of 1010 S. Hamilton Road (State Employees Credit Union)
    Public hearing Tax rate and revaluation
    State Employees Credit Union sought a reduction from $1,814,300 to $1,355,000 for this branch bank, citing comparable bank sales from outside the Triangle.
    Board kept the county's value of $1,814,300, no change
    • 1010 S Hamilton Rd · no matching parcel on file
    • Pin 9798247978 · State Employees Credit Union · assessed $1,814,300
  3. 3 Appeal of 100 NC 54 Bypass (State Employees Credit Union)
    Public hearing Tax rate and revaluation
    State Employees Credit Union sought a reduction from $1,746,400 to $1,249,000 for this branch bank, citing comparable bank sales from outside the Triangle.
    Board kept the county's value of $1,746,400, no change
    • Pin 9778190203 · State Employees Credit Union · assessed $1,746,400
  4. 4 Appeal of 2315 Old NC 86 (State Employees Credit Union)
    Public hearing Tax rate and revaluation
    State Employees Credit Union sought a reduction from $2,089,700 to $1,393,000 for this branch bank, citing comparable bank sales from outside the Triangle.
    Board kept the county's value of $2,089,700, no change
    • Pin 9863975248 · State Employees Credit Union · assessed $2,089,700
  5. 5 Appeal of 110 S. Elliot Road (State Employees Credit Union)
    Public hearing Tax rate and revaluation
    State Employees Credit Union sought a reduction from $1,197,600 to $816,000 for this branch bank, citing comparable bank sales from outside the Triangle.
    Board kept the county's value of $1,197,600, no change
    • 110 S Elliot Rd · no matching parcel on file
    • Pin 9799144784 · State Employees Credit Union · assessed $1,197,600
  6. 6 Appeal of 1830 Fordham Boulevard (State Employees Credit Union)
    Public hearing Tax rate and revaluation
    State Employees Credit Union sought a reduction from $41,079,000 to $27,506,000 for the Parkline office building, citing comparable office sales of 100,000 square feet or more within 40 miles.
    Board kept the county's value of $41,079,000, no change
    • 1830 Fordham Blvd · no matching parcel on file
    • Pin 9799895159 · State Employees Credit Union · assessed $41,079,000
  7. 7 Appeal of 318 W Queen Street (Christy Ferguson, continued from September 3)
    Public hearing Tax rate and revaluation
    The owner of a home on West Queen Street sought a lower value, citing incorrect square footage and defects in the masonry. A county re-inspection corrected the square footage and found two of the home's four fireplaces inoperable, lowering the value from $907,200 to $819,900.
    Board changed the value to $819,900
    • 318 W Queen St · no matching parcel on file
    • Pin 9864872602 · Ferguson Christina M · assessed $819,900

Agenda changes

What moved between published versions of this agenda. Item numbers shift constantly as things are inserted, so only genuine additions and removals are listed.

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