Board of Equalization and Review - November 16, 2011 Date run: 4/25/2012 10:18:58 AM NCPTS V4 TR-121 Appeal Docket Report Report Parameters: Calendar Pk: TIME ROW NO. 5 LEVEL Docket Date: CASE NUMBER 11/16/2011 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 1 BER 11-BER002336 37043 8 EAST FOURTH STREET LP / STALLINGS GROUP - ATTN: JEFF ROBINSON 15501324 N REI 0001870294-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 3URIRUPDDQGUHQWUROOV &RXQW\ V&DVH7KH ,QFRPHDSSURDFK LQGLFDWHVDYDOXHRI XVLQJ PDUNHWUHQWRIDQG PDUNHWYDFDQF\&RXQW\ PRYHVIRUDUHGXFWLRQLQ YDOXHWR 0 27,163,400 9:00 AM 2 BER 11-BER002779 37668 CHICK-FIL-A, INC - ATTN: DAVID FADER 17514115 N REI 0001907213-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH $FWXDO LQFRPH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 3URIRUPDDQGUHQWUROOV &RXQW\ V&DVH7KH ,QFRPHDSSURDFK LQGLFDWHVDYDOXHRI XVLQJPDUNHW UHQWRIRQD111 OHDVH&RXQW\PRYHVIRU QRFKDQJHLQYDOXH 0 1,534,500 9:00 AM 3 BER 11-BER001001 40656 CONSOLIDATED REALTY CO INC C/O CROSLAND , LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 17509420 N REI 0001906159-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH7R )ROORZ 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 1RQHSURYLGHG &RXQW\CV&DVH &RUUHFWHGWKHOLVWLQJWR UHIOHFWWKHFXUUHQWXVHDV DUHWDLOEXLOGLQJ7KH LQFRPHDSSURDFKEDVHG RQWKHUHWDLOXVH LQGLFDWHVDYDOXHRI /LVWLQJ LQIRUPDWLRQLVDWWDFKHGWR VXSSRUWWKHPDUNHWUHQW RISHUVTXDUHIRRW 7KHOLVWLQJLVIRU RQD111OHDVH 7KHFRXQW\PRYHVIRUDQ LQFUHDVHLQYDOXHWR 0 1,640,800 PAGE 1 of 46 APPELLANT OPINION VALUE ($) STAFF REC 25,000,000 01 REDUCTION 1,070,800 02 NO CHANGE 0 03 INCREASE STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 26,231,700 ACCEPT STAFF REC 26,231,700 JA/JN 1,534,500 ACCEPT STAFF REC 1,534,500 JA/JN 2,051,100 ACCEPT STAFF REC 2,051,100 JA/JB DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 4 BER 11-BER001030 40561 CONSOLIDATED REALTY COMPANY INC C/O CROSLAND, LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 15506102 N REI 0001871587-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV /HDVHLQIRUPDWLRQ 3URIRUPD &RXQW\ V&DVH7KH VXEMHFWSURSHUW\LVLQWKH KHDUWRI0\HUV3DUN 0DUNHWUHQWZDVDSSOLHG DQGDGMXVWPHQWVIRUWKH 3DQHUD5HVWDXUDQW DQGWKH0DQRU7KHDWUH ZHUHPDGHZLWKWKH UHVXOWLQJYDOXHRI 7KHFRXQW\ PRYHVIRUDUHGXFWLRQLQ YDOXHWR 0 6,126,300 9:00 AM 5 BER 11-BER001041 40662 EASTERN FEDERAL CORP C/O CROSLAND , LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 15506104 N REI 0001871591-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH DAVID 3ULFH 732SLQLRQRI9DOXH 7%' 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 1RQHSURYLGHG &RXQW\ V&DVH &RUUHFWHGOLVWLQJWR UHIOHFWUHWDLOXVH FKDQJLQJWKHEXLOGLQJ W\SHDQGQHLJKERUKRRG WR5(7KH,QFRPH DSSURDFKLQGLFDWHVD YDOXHRI XVLQJPDUNHWUHQW &RXQW\PRYHVIRUDQ LQFUHDVHLQYDOXHWR 0 750,900 9:00 AM 6 BER 11-BER001045 40783 EASTERN FEDERAL CORPORATION C/O CROSLAND , LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 15506276 N REI 0001871719-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH DAVID 3ULFH 732SLQLRQRI9DOXH7R )ROORZ 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 1RQHSURYLGHG &RXQW\ V&DVH7KH OLVWLQJZDVFRUUHFWHGWR UHIOHFWWKHFXUUHQWXVHDV DUHWDLOEXLOGLQJ7KH LQFRPHDSSURDFKEDVHG RQWKHUHWDLOXVH LQGLFDWHVDYDOXHRI &RXQW\PRYHV IRUDQLQFUHDVHLQYDOXH GXHWRWKHFKDQJHLQXVH 0 767,000 PAGE 2 of 46 APPELLANT OPINION VALUE ($) STAFF REC 4,690,000 01 REDUCTION STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 5,833,900 ACCEPT STAFF REC 5,833,900 JA/JB 0 03 INCREASE 1,013,400 ACCEPT STAFF REC 1,013,400 JA/JB 0 03 INCREASE 845,500 ACCEPT STAFF REC 845,500 JA/JB DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 7 BER 11-BER002674 40738 FSP PARK SENICA LIMITED C/O FRANKLIN STREET PARTNERSHIP / PARADIGM TAX GROUP - ATTN: GARY KOENKE 17514402 N REI 0001907428-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 3URIRUPDDQGUHQWUROOV &RXQW\ V&DVH7KH OHDVDEOHVTXDUHIRRWDJH ZDVDGMXVWHGWR VTXDUHIHHWEDVHGRQWKH UHQWUROO7KH,QFRPH DSSURDFKLQGLFDWHVD YDOXHRI XVLQJPDUNHWUHQWRI DQGPDUNHWYDFDQF\RI SHUFHQW5HQWUROOV VXSSRUWSHU VTXDUHIRRWUHQW 6XSSRUWLQJGRFXPHQWV KDYHEHHQSURYLGHG &RXQW\PRYHVIRUD UHGXFWLRQLQYDOXHWR 0 11,570,600 9,310,300 01 REDUCTION 10,199,500 ACCEPT STAFF REC 10,199,500 JN/JA 9:00 AM 8 BER 11-BER003675 41441 HANFORD-KING PROPERTY PARTNERS / INTERNATIONAL APPRAISAL COMPANY ATTN: RICK BROWN 17706117 N REI 0001909429-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH DAVID 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 3URIRUPD &RXQW\ V&DVH $GMXVWLQJWKHLQFRPHWR SHUVTXDUHIRRW EDVHGRQWKHFXUUHQW OHDVHDQGIRUH[FHVV ODQGUHVXOWVLQDYDOXHRI 7KLVYDOXHLV VXSSRUWHGE\WKHFRVW DSSURDFKYDOXHRI &RXQW\ PRYHVWRUHGXFHWKH YDOXHWR 0 7,666,000 2,850,000 01 REDUCTION 7,496,800 ACCEPT STAFF REC 7,496,800 JN/JA 9:00 AM 9 BER 11-BER002127 33728 KARRAS, HARRY / TB HARRIS JR. & ASSOC. - ATTN: MICHAEL BERKOWITZ 15102513 N REI 0001862980-20112011-0000-0 01 Above Market County moves to reduce the value to $670,200. This reduction is supported by the income approach. The property owner has agreed to this reduced value. BAGBY, DAVID 0 781,100 655,000 01 REDUCTION 670,200 ACCEPT STAFF REC 670,200 JN/JA 9:00 AM 10 BER 11-BER001417 39701 KOTROTSIOS, DIMITRIOS / TAX ADVANTAGE PROPERTY SERVICES ATTN: DAVE PAWLOWSKI 17514104 N REI 0001907196-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 3URIRUPDDQGOHDVH ZLWKXSGDWH &RXQW\ V&DVH7KH LQFRPHDSSURDFK LQGLFDWHVDYDOXHRI &XUUHQWOHDVHV IRUUHVWDXUDQWVRQ 0RQWIRUG'ULYHVXSSRUWD OHDVHUDWHRISOXV SHUVTXDUHIRRW&RXQW\ PRYHVIRUQRFKDQJHLQ YDOXH 0 935,600 645,560 02 NO CHANGE 935,600 01 REDUCTION 801,800 JA/JN PAGE 3 of 46 DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 11 BER 11-BER003087 39655 METROTIMWATC H LLC 17514208 N REI 0001907224-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV$V LVDSSUDLVDO &RXQW\ V&DVH&RXQW\ PRYHVIRUQRFKDQJHLQ YDOXH 0 1,803,200 1,700,000 02 NO CHANGE 9:00 AM 12 BER 11-BER003062 40305 MONTFORD DRIVE PROPERTIES LLC 17514108 N REI 0001907203-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH DAVID 3ULFH 732SLQLRQRI9DOXH SULRUYDOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV ,QFRPHSURYLGHGDQGD SHUVTIWFRPSDULVRQRI RWKHUSURSHUWLHV &RXQW\ V&DVH3URSHUW\ VROGLQODWHIRU ,QFRPH SURYLGHGVXSSRUWVFRXQW\ YDOXH&RPSVSURYLGHG KDYHGLIIHUHQWVL]H SDUFHOVDVOLWWOHDVKDOI WKHVL]HDQGEXLOGLQJVDV PXFKDVWULSOHWKHVL]HDV WKHVXEMHFWPDNLQJD VTXDUHIRRWFRPSDULVRQ PHDQLQJOHVV&RXQW\ PRYHVIRUQRFKDQJHLQ YDOXH 0 496,600 398,900 02 NO CHANGE 469,000 02 NO CHANGE 496,600 JA/JN 9:00 AM 13 BER 11-BER001847 40203 MONTFORD DRIVE PROPERTIES LLC 17514109 N REI 0001907206-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH DAVID 3ULFH 732SLQLRQRI9DOXH SULRUYDOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73CV&DVHDQG,VVXHV$ SHUVTIWFRPSDULVRQRI RWKHUSURSHUWLHV &RXQW\CV&DVH3URSHUW\ VROGIRU ,QFRPH DSSURDFKLQGLFDWHVD YDOXHRI &RPSVSURYLGHGKDYH GLIIHUHQWVL]HSDUFHOVDV OLWWOHDVKDOIWKHVL]HDQG EXLOGLQJVDVPXFKDV WULSOHWKHVL]HDVWKH VXEMHFWPDNLQJDVTXDUH IRRWFRPSDULVRQ PHDQLQJOHVV&RXQW\ PRYHVDQLQFUHDVHLQ YDOXHWR 0 565,000 398,400 03 INCREASE 633,200 ACCEPT STAFF REC 633,200 JN/JA PAGE 4 of 46 1,803,200 ACCEPT STAFF REC 1,803,200 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 14 BER 11-BER001296 37053 MUSEUM PLAZA II LLC 15515118 N REI 0001873006-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV ,QFRPHSURYLGHG &RPSDULVRQRIDGMDFHQW SURSHUW\ &RXQW\ V&DVH7KH SURSHUW\LVDPHGLFDO RIILFHEXLOGLQJRQ 5DQGROSK5RDG7KH LQFRPHDSSURDFKXVLQJ WKHFXUUHQWOHDVHUDWHRI DFWXDOSHU UHQWUROOLQGLFDWHVDYDOXH RI $GMXVWLQJSDUFHO ZLWKWKHVDPH UHQWUHVXOWVLQDYDOXHRI &RXQW\ PRYHVWRDGMXVWWKHVH WZRSURSHUWLHVIRUHTXLW\ 0 17,921,800 9:00 AM 15 BER 11-BER000991 40669 NC OWNER LLC C/O CAPITAL PARTNERS INC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 17514401 N REI 0001907427-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 1RQHJLYHQ 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG ,VVXHV1RQHSURYLGHG &RXQW\ V&DVH&RXQW\ PRYHVIRUQRFKDQJHLQ YDOXH 0 13,652,000 9:00 AM 16 BER 11-BER003428 40907 QUARLES, HENDERSON PARTNERSHIP / THOMSON REUTERS ATTN: SUZANNE MARKLEY 15510219 N REI 0001872350-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH DAVID 3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 3URIRUPDVDOHVODQG GDWD &RXQW\ V&DVH6DOHV FRPSVIRUEDQNVQRWLQ WKHVDPHTXDOLW\ORFDWLRQ DVWKHVXEMHFWLQWKH KHDUWRI0\HUV3DUN /DQGVDOHVQRWLQWKH VDPHTXDOLW\ORFDWLRQVDV WKHVXEMHFW&RXQW\ PRYHVIRUQRFKDQJHLQ YDOXH 0 3,006,000 PAGE 5 of 46 APPELLANT OPINION VALUE ($) STAFF REC 13,878,117 01 REDUCTION STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 16,129,600 01 REDUCTION 13,948,200 JN/JA 0 02 NO CHANGE 13,652,000 01 REDUCTION 13,434,800 JA/JN 0 02 NO CHANGE 3,006,000 ACCEPT STAFF REC 3,006,000 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 9:00 AM 17 BER 11-BER003319 37385 SL E INVESTMENTS LLC / TAX ADVANTAGE PROPERTY SERVICES ATTN: DAVE PAWLOWSKI 17514101 N REI 0001907192-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH DAVID 3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV /DQGYDOXH &RXQW\ V&DVH6DOHV FRPSVQRWUHDOO\FRPSV LQIHULRUORFDWLRQVDQG DFFHVV$OOWKUHHFRUQHUV DWWKHLQWHUVHFWLRQRI 3DUNDQG:RRGODZQZLWK VDPHXVHDUHDSSUDLVHG HTXLWDEO\DWSHU VTXDUHIRRW3DUFHO VROGIRU LWLVDERXW KDOIWKHVL]HRIWKH VXEMHFWLQVLWHVL]HVWRUH VL]HDQGJDVSXPSV &RXQW\PRYHVIRUQR FKDQJHLQYDOXH 0 4,337,700 2,755,700 02 NO CHANGE 4,337,700 ACCEPT STAFF REC 4,337,700 JA/JN 9:00 AM 18 BER 11-BER000040 41442 THIES, FRANK R JR C/O THIES REALTY & MORTGAGE CO / INTERNATIONAL APPRAISAL COMPANY ATTN: RICK BROWN 15504418 N REI 0001871364-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV /HDVHLQIRUPDWLRQ 3URIRUPD &RXQW\ V&DVH7KH VXEMHFWSURSHUW\LVLQWKH KHDUWRI0\HUV3DUN7KH FRVWDSSURDFKLQGLFDWHV DYODXHRI DQGWKHLQFRPHDSSURDFK WRYDOXHLQGLFDWHVDYDOXH RI7KHUHLV DOPRVWDQDFUHRIH[FHVV ODQGGXHWRWKHORFDWLRQ WRDGMRLQLQJVLQJOHIDPLO\ KRPHVRQ+HUPLWDJH 5RDGDQGWKHKLVWRULF 7KLHV+RPH7KHFRXQW\ PRYHVIRUQRFKDQJHLQ YDOXH 0 5,268,700 2,250,000 02 NO CHANGE 5,268,700 ACCEPT STAFF REC 5,268,700 JN/JA 9:00 AM 19 BER 11-BER003407 40913 WACHOVIA BANK TRUST CO / THOMSON REUTERS ATTN: SUZANNE MARKLEY 15510108 N REI 0001872240-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH DAVID 3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 3URIRUPDVDOHVODQG GDWD &RXQW\CV&DVH6DOHV FRPSVIRUEDQNVQRWLQ WKHVDPHTXDOLW\ORFDWLRQ DVWKHVXEMHFWLQWKH KHDUWRI0\HUV3DUN /DQGVDOHVQRWLQWKH VDPHTXDOLW\ORFDWLRQVDV WKHVXEMHFW&RXQW\ PRYHVIRUQRFKDQJHLQ YDOXH 0 1,561,900 0 02 NO CHANGE 1,561,900 ACCEPT STAFF REC 1,561,900 JA/JN PAGE 6 of 46 DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 20 LEVEL BER CASE NUMBER 11-BER003926 APPEAL ID 15740 OWNER/ APPELLANT ANSTROM, CYNTHIA L PARCEL ID/ VIN CONSE NT ABS TYPE 22921209 N REI ABS NUMBER 0002066451-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1R GEIER, JOHN 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSURYLGHGWKH VDPHVROR&RPSWKDW ZDVSURYLGHGGXULQJWKH ,QIRUPDO5HYLHZSURFHVV PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 0 192,900 180,000 03 INCREASE 194,200 ACCEPT STAFF REC 194,200 JA/JN 0 920,900 600,000 01 REDUCTION 718,100 ACCEPT STAFF REC 718,100 JA/JN 6DOHV5DWLR &2' &RXQW\CV&DVH+HUHDUH WKHQRWHVIURPWKH ,QIRUPDO5HYLHZ 2:1(53529,'(6 21(&203:+,&+ $33$5(17/<62/' 21)25 7+,6,6$ )$11,(0$(6$/( $1'127$1$506 /(1*7+ 75$16$&7,213/86 6$/(6$5(127 620(7+,1*:(&$1 &216,'(512 &+$1*(,6 :$55$17('%$6(' 217+(,1)250$7,21 6833/,('1RWKLQJKDV EHHQVXEPLWWHGWKDWLV DQ\GLIIHUHQWDQG WKHUHIRUHWKHFRQFOXVLRQ DQGUHFRPPHQGDWLRQ UHPDLQWKHVDPH7KLV SURSHUW\LVDSSUDLVHG HTXLWDEO\ZLWKLQWKLV 1%+ 9:00 AM 21 BER 11-BER001710 31732 BROKAW, KEITH & BROKAW, ARLENE 23118101 N REI 0002075913-20112011-0000-0 01 Above Market GEIER, JOHN PAGE 7 of 46 DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 22 LEVEL BER CASE NUMBER 11-BER001786 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 31492 CHEN, PETER K & CHEN, CHUAN 22915215 N REI ABS NUMBER 0002064765-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 94,200 APPELLANT OPINION VALUE ($) STAFF REC 35,000 01 REDUCTION STAFF REC VALUE ($) DECISION 45,500 ACCEPT STAFF REC DECISION VALUE ($) MOTION 45,500 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 23 LEVEL BER CASE NUMBER 11-BER003884 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 4765 CHEUNG, SUNG 22902364 N REI ABS NUMBER 0002058115-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSURYLGHVRQH &RPSIRUFRQVLGHUDWLRQ ,WLVDVDOHZLWKLQ WKHVXEMHFW1%+ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VDOHVXEPLWWHGLV QRWVRPHWKLQJWKDWFDQ EHFRQVLGHUHG9DOXH ZDVUHGXFHGGXULQJWKH ,QIRUPDO5HYLHZSURFHVV 3URSHUW\LVHTXLWDEO\ DSSUDLVHGZLWKLQWKLV 1%+DQGQRIXUWKHU UHGXFWLRQVDUH UHFRPPHQGHG PAGE 9 of 46 APPRAISER GEIER, JOHN PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 207,600 APPELLANT OPINION VALUE ($) STAFF REC 180,600 02 NO CHANGE STAFF REC VALUE ($) DECISION 207,600 ACCEPT STAFF REC DECISION VALUE ($) MOTION 207,600 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 24 LEVEL BER CASE NUMBER 11-BER000421 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 26537 CHO, CHUL HEE & CHO, KYUNGAE 23111604 N REI ABS NUMBER 0002075303-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 535,000 APPELLANT OPINION VALUE ($) STAFF REC 430,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 535,000 ACCEPT STAFF REC DECISION VALUE ($) MOTION 535,000 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 25 LEVEL BER CASE NUMBER 11-BER000201 APPEAL ID 7297 OWNER/ APPELLANT COSSENTINE, MICHAEL & COSSENTINE, ANNETTE PARCEL ID/ VIN CONSE NT ABS TYPE 22901319 N REI ABS NUMBER 0002057099-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1R GEIER, JOHN 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUUHIHUHQFHVWKH H[LVWHQFHRI$UGUH\.HOO 5RDGWKHFRQVWUXFWLRQRI D6WDWH(PSOR\HHV &UHGLW8QLRQEHKLQGWKH SURSHUW\DQGWKHDGGLWLRQ RIDPL[HGXVH GHYHORSPHQWVKRSSLQJ FHQWHULQWKHDUHDDV VRXUFHVRIFRQGLWLRQV WKDWZRXOGGLPLQLVKWKH PDUNHWYDOXHRIWKH SURSHUW\ 6DOHV5DWLR &2' &RXQW\CV&DVH:KLOH WKHUHPDUNHWHYLGHQFHWR VXSSRUWDUHGXFWLRQLQ YDOXHIRUWKRVHKRPHV ZLWKDGLUHFWLQIOXHQFH IURP$UGUH\.HOOWKHIDFW WKDWWKHVXEMHFWLVIW DZD\IURPWKDWLQIOXHQFH VXJJHVWVWKDWQR DGMXVWPHQWLVZDUUDQWHG :KLOHWKHUHLVQRKDUG PDNHWGDWDWRVXSSRUWDQ DGMXVWPHQWGXHWRWKH QHZ6WDWH(PSOR\HHV &UHGLW8QLRQDQDGMXVW ZRXOGVHHPZDUUDQWHG XQWLOWKHUHKDVEHHQ VXIILFLHQWWLPHWRVHHLI WKLVLVDQHJDWLYH LQIOXHQFH7KHUHIRUHD (FRQRPLFDGMXVWPHQWRI LVJUDQWHG7KH PL[HGXVHVKRSSLQJ FHQWHURQWKHRWKHUVLGH RI2OG$UGUH\.HOOLV FRQVLGHUHGWREHDSOXV DVZHOODVDPLQXVDQG QRQHWDGMXVWPHQWLV ZDUUDQWHG$VLWHYLVLW UHYHDOHGWKDWWKH SURSHUW\VKRXOGEHOLVWHG ZLWK$UFK6VKLQJOHVDQG RQO\%ULFNQRW 2WKHUZLVHWKLVSURSHUW\LV HTXLWDEO\DSSUDLVHGLQ DFFRUGDQFHZLWKWKH 4651RIXUWKHUFKDQJHV DUHUHFRPPHQGHG PAGE 11 of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 323,800 APPELLANT OPINION VALUE ($) STAFF REC 275,000 01 REDUCTION STAFF REC VALUE ($) DECISION 307,600 ACCEPT STAFF REC DECISION VALUE ($) MOTION 307,600 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 26 LEVEL BER CASE NUMBER 11-BER004761 APPEAL ID 15143 OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE DAHLSTRAND, CLAES & DAHLSTRAND, JENNY 22916161 N REI ABS NUMBER 0002065639-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 392,600 APPELLANT OPINION VALUE ($) STAFF REC 343,565 02 NO CHANGE STAFF REC VALUE ($) DECISION 392,600 ACCEPT STAFF REC DECISION VALUE ($) MOTION 392,600 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 27 LEVEL BER CASE NUMBER 11-BER003726 APPEAL ID 3106 OWNER/ APPELLANT GAUTREAUX, CHARLES & GAUTREAUX, REBECCA PARCEL ID/ VIN CONSE NT ABS TYPE 22915732 N REI ABS NUMBER 0002065393-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1R GEIER, JOHN 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO'DWH 73CV&DVHDQG,VVXHV 1RWHVIURPWKH,QIRUPDO 5HYLHZ2:1(5C6 $5*80(17,67+$7 7+(9$/8$7,21 :$6%(/2:7+( 385&+$6(35,&( %$&.,1 7+(5()25(+( &21&/8'(67+$7 6,1&(+(+$6 $335$,6$/5(3257 GWG)25$1 23,1,212)9$/8(2) 7+(&2817< 6+28/'86(21/< 2)7+( $335$,6('9$/8(21 7+(5(325725 7KH2ZQHU ODWHUVXEPLWWHGVDOHVWR GHPRQVWUDWHWKDWWKH &RXQW\CVYDOXDWLRQ PRGHOVZHUHLQHUURUE\ QROHVVWKDQ 6DOHV5DWLR &2' &RXQW\CV&DVH+HUHLV WKHUHVSRQVHIURPWKH ,QIRUPDO5HYLHZ $335$,6$/5(3257 6+2:67+$7:(',' 127+$9((128*+ 648$5()227$*( $66,*1('727+( +20(,02',),('7+( 6.(7&+9$/8(:(17 8312)857+(5 &+$1*(6$5( :$55$17(',Q UHJDUGVWRWKHDGGLWLRQDO VDOHVVXEPLWWHGIRU FRQVLGHUDWLRQDQGWKDW ZHUHXVHGWR GHPRQVWUDWHDQHUURURI WKHVHVDOHVDUH DOOVDOHVDQG WKHUHIRUHQRWHOLJLEOHIRU FRQVLGHUDWLRQ7KLV SURSHUW\LVHTXLWDEO\ DSSUDLVHGZLWKLQWKLV 1%+7KHVOLJKWUHGXFWLRQ LQYDOXHLVDVDUHVXOWRID GULYHE\VLWHYLVLWZKLFK UHYHDOHGWKDWWKH 6WRQHH[WHULRUZDVWRR JUHDWDQGZDV VXEVHTXHQWO\UHGXFHGWR 1RIXUWKHUFKDQJHV DUHUHFRPPHQGHG PAGE 13 of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 245,400 APPELLANT OPINION VALUE ($) STAFF REC 189,472 01 REDUCTION STAFF REC VALUE ($) DECISION 245,100 ACCEPT STAFF REC DECISION VALUE ($) MOTION 245,100 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 28 LEVEL BER CASE NUMBER 11-BER003186 APPEAL ID 26536 OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE HARTFORD, ROBERT & MAYER, ALICE 23111114 N REI ABS NUMBER 0002075007-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 458,000 APPELLANT OPINION VALUE ($) STAFF REC 370,240 02 NO CHANGE STAFF REC VALUE ($) DECISION 458,000 ACCEPT STAFF REC DECISION VALUE ($) MOTION 458,000 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 29 LEVEL BER CASE NUMBER 11-BER001502 APPEAL ID 27341 OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE HOMESTEAD REALTY MANAGEMENT, LLC 23105675 N REI ABS NUMBER 0002073299-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSRLQWVWRWKHODFN RIDWUXHEDFN\DUGDQG DOVRSURYLGHVD=LOORZ (VWLPDWHRIYDOXH APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION GEIER, JOHN 0 198,600 173,600 02 NO CHANGE 198,600 01 REDUCTION 191,900 JA/JN 6DOHV5DWLR &2' &RXQW\CV&DVH7KH SURSHUW\LVHTXLWDEO\ DSSUDLVHGZLWKLQWKLV 1%+1RDGMXVWPHQWKDV EHHQPDGHWRWKHORWCV YDOXHHYHQLQOLJKWRIWKH UHGXFHGEDFN\DUG7KH UHDVRQVWKDWQR DGMXVWPHQWKDVEHHQ PDGHLVWKDWDVWDQGDUG ORWYDOXHKDVEHHQ FRQVLVWHQWO\DSSOLHG ZLWKLQWKLV1%+DQGWKH ODQGKHUHVWLOOFRQVWLWXWHV D/RWDQGVHFRQGO\WKHUH LVDPDUNHWWKDWH[LVWV ZKLFKZRXOGSUHIHUOHVV \DUGZRUN1HYHUWKHOHVV WKHUHLVDOHJLWLPDWH DUJXPHQWWREHPDGHIRU D6KDSHDGMXVWPHQW ZKLFKLVZHOOZLWKLQWKH %(5CVSHUYLHZDQGLWLV EHOLHYHGWKDWDPRGHVW GHGXFWLRQRIZRXOG QRWFRQVWLWXWHDQ LQHTXLW\2WKHUZLVH1R &KDQJHLV UHFRPPHQGHG 9:00 AM 30 BER 11-BER004450 24164 HPC INVESTMENTS LLC / MOORE & VAN ALLEN PLLC - ATTN: J CHRISTOPHER OATES & KERRY LINDAUER 22916105 N REI 0002065536-20112011-0000-0 01 Above Market GEIER, JOHN 0 624,300 405,000 02 NO CHANGE 624,300 ACCEPT STAFF REC 624,300 JA/JN 9:00 AM 31 BER 11-BER004456 24172 JCC INVESTMENTS LLC / MOORE & VAN ALLEN PLLC - ATTN: J CHRISTOPHER PATES & KERRY LINDAUER 22916103 N REI 0002065533-20112011-0000-0 01 Above Market GEIER, JOHN 0 691,200 440,000 02 NO CHANGE 691,200 ACCEPT STAFF REC 691,200 JA/JN 9:00 AM 32 BER 11-BER002231 31745 MATTHEWS, W MCGILL 23113107 N REI 0002075522-20112011-0000-0 01 Above Market GEIER, JOHN 0 13,607,515 11,087,642 ACCEPT STAFF REC 11,087,642 JA/JN PAGE 15 of 46 5,200,612 01 REDUCTION DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 33 LEVEL BER CASE NUMBER 11-BER004052 APPEAL ID 15058 OWNER/ APPELLANT MEKHAEL, SAHER & MEKHAEL, SUZETTE PARCEL ID/ VIN CONSE NT ABS TYPE 22901413 N REI ABS NUMBER 0002057153-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1R GEIER, JOHN 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUXVHV4XDOLILHG 6DOHVWRGHYHORSDQ $YHUDJH6DOHV3ULFH+H WKHQFDOFXODWHVDQ $YHUDJH6TXDUH)RRWDJH ZKLFKKHXVHVWR FRPSXWHDQ$YHUDJH 3ULFHSHU6TXDUH)RRW 7KH2ZQHUDSSOLHVWKLV WRKLV/LYLQJ$UHDDQG DUULYHVDWDYDOXHRI )LQDOO\KH PXOWLSOLHVWKLVE\WR DUULYHDWKLVRSLQLRQRI YDOXH PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 0 439,600 0 227,700 APPELLANT OPINION VALUE ($) STAFF REC 0 01 REDUCTION STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 436,200 ACCEPT STAFF REC 436,200 JN/JA 227,700 ACCEPT STAFF REC 227,700 JA/JN 6DOHV5DWLR &2' &RXQW\CV&DVH7KLV SURSHUW\LVHTXLWDEO\ DSSUDLVHGZLWKLQWKLV 1%+$PRGHVWUHGXFWLRQ LVUHFRPPHQGHG EHFDXVHWKH&RXQW\CV UHFRUGVKRZHGWKHKRPH DVKDYLQJ$UFK6KLQJOHV EXWDVLWHYLVLWUHYHDOHG WKDWLWDFWXDOO\KDV VWDQGDUG$VSKDXOW &RPSRVLWLRQ6KLQJOHV 1RIXUWKHUFKDQJHVDUH UHFRPPHQGHGKRZHYHU WKH&RXQW\LVZLOOLQJWR DFFHSWWKHYDOXH GHYHORSHGE\WKH2ZQHU SULRUWRKLVDSSOLFDWLRQRI WKHIDFWRU 9:00 AM 34 BER 11-BER000123 25650 MOAZZAMI, JAHANGEER & TEHRANI, HAYDEH MIRDAMADI 22920344 N REI 0002066278-20112011-0000-0 01 Above Market )RUHFORVXUH1R GEIER, JOHN 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSRLQWVWRRQH &RPSVDOHEXWSURYLGHV VROLWWOHLQIRUPDWLRQDVWR WKLVVDOHWKDW,FDQQRW UHVHDUFKLWWRGHWHUPLQHLI LWLVDXVHIXO&RPS 6DOHV5DWLR &2' &RXQW\CV&DVH7KLV SURSHUW\LVHTXLWDEO\ DSSUDLVHGLQFRPSDULVRQ WRDOORWKHUVZLWKLQWKLV 1%+6DOHVIRUUHIHUHQFH IURPWKH&RXQW\CV465 LQFOXGH DQG 1R&KDQJH LVUHFRPPHQGHG PAGE 16 of 46 178,000 02 NO CHANGE DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 35 LEVEL BER CASE NUMBER 11-BER003756 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 15118 PATEL, DAKSHA & PATEL, SUDHIR 22901446 N REI ABS NUMBER 0002057216-20112011-0000-0 REASON 01 Above Market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of 46 APPRAISER GEIER, JOHN PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 416,500 APPELLANT OPINION VALUE ($) STAFF REC 0 02 NO CHANGE STAFF REC VALUE ($) DECISION 416,500 ACCEPT STAFF REC DECISION VALUE ($) MOTION 416,500 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 36 LEVEL BER CASE NUMBER 11-BER004188 APPEAL ID 9573 OWNER/ APPELLANT PERAINO, FRANCES M PARCEL ID/ VIN CONSE NT ABS TYPE 22916110 N REI ABS NUMBER 0002065546-20112011-0000-0 REASON 01 Above Market STAFF NOTES )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSURYLGHV VDOHVIURPDQDGMDFHQW QHLJKERUKRRG APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION GEIER, JOHN 0 354,500 230,000 02 NO CHANGE 354,500 ACCEPT STAFF REC 354,500 JA/JN GEIER, JOHN 0 249,100 227,700 02 NO CHANGE 249,100 ACCEPT STAFF REC 249,100 JA/JN 6DOHV5DWLR6DOHV 5DWLR&2'DUHGUDZQ IURP:DQDGMDFHQW 1%+ZKLFKLVYHU\ FRPSDUDEOHWRWKH VXEMHFW1%+ &2' &RXQW\CV&DVH2ZQHUCV VDOHVFRPHDQG FDQQRWEHFRQVLGHUHG $GGLWLRQDOO\WKHVHVDOHV FRPHIURPDQRWKHU &HQWH[GHYHORSPHQW ZKHUHWKHFRQVWUXFWLRQ TXDOLW\LVGHFLGHGO\OHVV WKDQWKDWIRXQGLQWKH VXEMHFW1%+6DOHVIURP DGMDFHQW1%+:LQ ZKLFKWKHODQGYDOXHVDUH OHVVEXWWKHTXDOLW\RI FRQVWUXFWLRQLVHTXDOWR WKDWLQWKHVXEMHFW1%+ LQFOXGH DQG 7KLVSURSHUW\UHFHLYHGD UHGXFWLRQIRUHTXLW\ GXULQJWKH,QIRUPDO 5HYLHZSURFHVVDQGLWLV FXUUHQWO\HTXLWDEO\ DSSUDLVHG1RIXUWKHU FKDQJHVDUH UHFRPPHQGHG 9:00 AM 37 BER 11-BER001638 34175 SHCHETININ, PAVEL & SHCHETININ, LYUBOV 23106313 N REI 0002073539-20112011-0000-0 01 Above Market )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSURYLGHVRQH VDOHIRU FRQVLGHUDWLRQ 6DOHV5DWLR &2' &RXQW\CV&DVH7KH VDOHSURYLGHG FDQQRWEHFRQVLGHUHG :KLOHWKLV1%+LVQRW KRPRJHQRXVWKLV SURSHUW\LVUHDVRQDEO\ JUDGHGDQGYDOXHG2I WKHVL[VDOHVRQWKH &RXQW\CV465DOOEXW VDOHVDQGFRXOGEH XVHGWRVXSSRUWWKH FXUUHQWYDOXH7KLVKRPH LVHTXLWDEO\DSSUDLVHG DQG1R&KDQJHLV UHFRPPHQGHG PAGE 18 of 46 DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 38 LEVEL BER CASE NUMBER 11-BER000425 APPEAL ID 3053 OWNER/ APPELLANT SUSMAN, DOROTHY PARCEL ID/ VIN CONSE NT ABS TYPE 22902360 N REI ABS NUMBER 0002058108-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1R GEIER, JOHN 6DOH'DWH1$6DOH 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSURYLGHV&RPSV ZLWKLQKHUQHLJKERUKRRG PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 0 199,700 165,000 02 NO CHANGE 199,700 ACCEPT STAFF REC 199,700 JA/JN 0 202,700 160,000 02 NO CHANGE 202,700 ACCEPT STAFF REC 202,700 JA/JN 6DOHV5DWLR &2' &RXQW\CV&DVH2ZQHUCV &RPSLVD%DQNVDOH DVUHYHDOHGLQWKH UHPDUNVVHFWLRQRIWKH 0/6VKHHW&RPSLVD VDOHDQGDJDLQWKH UHPDUNVVHFWLRQRIWKH 0/6VXJJHVWDQXQXVXDO OHYHORIPRWLYDWLRQWRVHOO 2IFRXUVHDQ\VDOH FDQQRWEHFRQVLGHUHG 7KLVSURSHUW\LVHTXLWDEO\ DSSUDLVHGZLWKDOORWKHUV ZLWKLQWKLV1%+1R &KDQJHLV UHFRPPHQGHG 9:00 AM 39 BER 11-BER000511 3057 SUSMAN, DOROTHY 22902461 N REI 0002058227-20112011-0000-0 01 Above Market )RUHFORVXUH1R GEIER, JOHN 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSURYLGHV&RPSV ZLWKLQKHUQHLJKERUKRRG 6DOHV5DWLR &2' &RXQW\CV&DVH2ZQHUCV &RPSLVD%DQNVDOH DVUHYHDOHGLQWKH UHPDUNVVHFWLRQRIWKH 0/6VKHHW&RPSLVD VDOHDQGDJDLQWKH UHPDUNVVHFWLRQRIWKH 0/6VXJJHVWDQXQXVXDO OHYHORIPRWLYDWLRQWRVHOO 2IFRXUVHDQ\VDOH FDQQRWEHFRQVLGHUHG 7KLVSURSHUW\LVHTXLWDEO\ DSSUDLVHGZLWKDOORWKHUV ZLWKLQWKLV1%+1R &KDQJHLV UHFRPPHQGHG PAGE 19 of 46 DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 40 LEVEL BER CASE NUMBER 11-BER000510 APPEAL ID 3059 OWNER/ APPELLANT SUSMAN, DOROTHY & ZILBERBERG, DAVID PARCEL ID/ VIN CONSE NT ABS TYPE 22902309 N REI ABS NUMBER 0002058015-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1R GEIER, JOHN 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSURYLGHV&RPSV ZLWKLQWKLVQHLJKERUKRRG PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 0 198,600 0 02 NO CHANGE 198,600 ACCEPT STAFF REC 198,600 JA/JN 0 223,100 174,500 02 NO CHANGE 223,100 ACCEPT STAFF REC 223,100 JA/JN 6DOHV5DWLR &2' &RXQW\CV&DVH2ZQHUCV &RPSLVD%DQNVDOH DVUHYHDOHGLQWKH UHPDUNVVHFWLRQRIWKH 0/6VKHHW&RPSLVD VDOHDQGDJDLQWKH UHPDUNVVHFWLRQRIWKH 0/6VXJJHVWDQXQXVXDO OHYHORIPRWLYDWLRQWRVHOO 2IFRXUVHDQ\VDOH FDQQRWEHFRQVLGHUHG 7KLVSURSHUW\LVHTXLWDEO\ DSSUDLVHGZLWKDOORWKHUV ZLWKLQWKLV1%+1R &KDQJHLV UHFRPPHQGHG 9:00 AM 41 BER 11-BER000363 28552 SUSSMAN, DAVID & SHCHERBINSKA YA, NATALIYA 23107454 N REI 0002074155-20112011-0000-0 01 Above Market )RUHFORVXUH1R 6DOH'DWH 6DOH3ULFH 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1RQH3URYLGHG $SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV 2ZQHUSURYLGHVWKUHH VDOHVIRUFRQVLGHUDWLRQ 7KHVHVDOHVRFFXUUHGLQ DQG UHVSHFWLYHO\ 6DOHV5DWLR &2' &RXQW\CV&DVH&RPS LVDVDOHZKLFKD %DQNVDOHDQGQRWDQ DUPCVOHQJWKWUDQVDFWLRQ &RPSLVD )RUHFORVXUHZKLFKWKH 2ZQHULGHQWLILHV&RPS LVDQRWKHU)RUHFORVXUH 6DOHIURPDJDLQ WKH2ZQHULGHQWLILHVWKLV DVD)RUHFORVXUH7KLV SURSHUW\LVHTXLWDEO\ DSSUDLVHGZLWKDOORWKHUV ZLWKLQWKLV1%+1R &KDQJHLV UHFRPPHQGHG PAGE 20 of 46 GEIER, JOHN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 42 LEVEL BER CASE NUMBER 11-BER004666 APPEAL ID 15762 OWNER/ APPELLANT VACA, GAYLE G PARCEL ID/ VIN CONSE NT ABS TYPE 22922129 N REI ABS NUMBER 0002066528-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 172,700 APPELLANT OPINION VALUE ($) STAFF REC 124,300 03 INCREASE STAFF REC VALUE ($) DECISION 173,900 ACCEPT STAFF REC DECISION VALUE ($) MOTION 173,900 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON 9:00 AM 43 BER 11-BER004453 24166 WCF LIMITED PARTNERSHIP / MOORE & VAN ALLEN PLLC ATTN: J CHRISTOPHER OATES & KERRY LINDAUER 22916101 N REI 0002065531-20112011-0000-0 01 Above Market 9:00 AM 44 BER 11-BER000069 31764 ACETI, ANTHONY & ACETI, MARIE 18112103 N REI 0001914731-20112011-0000-0 01 Above Market STAFF NOTES APPRAISER GEIER, JOHN )RUHFORVXUH1$ LANDER, 6DOH'DWH1$6DOH LAURIE 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH1$ 73 V&DVHDQG,VVXHV 1HLJKERULQJKRXVHLVRQ WKH0DUNHWVLQFH DWQRRIIHUV 6DOHV5DWLR &2' &2817,(6&$6(7KLV 6XEMHFWSDUFHOFRQWDLQV /7DQGLVPDLQO\ FODVVLILHGDV5HVLGHQWLDO DQG=RQHGZLWKDODQG XVHRI5WKHSDUFHO DOVRKDVSXEOLFXWLOLWLHV DQGDSSUR[LPDWHO\ )WRI6WUHHW)URQWDJH DORQJ$\OHVIRUG5GDQG )WDORQJ7\QJ5G 7KHUHDUHQRLQIOXHQFH IDFWRUVDSSOLHGWRWKH SDUFHOWKHUHLVD/DQG 9DOXHRI7KH VXEMHFWDOVRLQFOXGHVD VWRU\UHVLGHQWLDOVWUXFWXUH ZLWK6T)WRI KHDWHGDUHDDQGDWRWDO JURVVDUHDRI6T )W7KLV5HVLGHQWLDO 6WUXFWXUHKDV)XOO %DWKVEHGURRPV7KH VWUXFWXUHKDVDQ$<%RI DQGDQ(<%RI EDVHGRQXSNHHSRI PHFKDQLFDOSHUPLWV PDNLQJWKH3K\VLFDO 'HSUHFLDWLRQRIDQG DJUDGHRI7KHUHLVD )XQFWLRQDODSSOLHG WRWKHVWUXFWXUHDVD UHVLGXDOYDOXHJLYLQJD %XLOGLQJD9DOXHRI 7RWDO$VVHVVHG 9DOXHRI 6WDII5HFRPPHQGVD1R &KDQJH,QYDOXH PAGE 22 of 46 PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC 0 10,142,400 6,876,000 02 NO CHANGE 0 435,200 300,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 10,142,400 ACCEPT STAFF REC 435,200 01 REDUCTION DECISION VALUE ($) MOTION 10,142,400 JA/JN 423,600 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 45 LEVEL BER CASE NUMBER 11-BER002123 APPEAL ID 8862 OWNER/ APPELLANT ADAMS, ROMELIA MCQUEEN PARCEL ID/ VIN CONSE NT ABS TYPE 18110203 N REI ABS NUMBER 0001914429-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 414,500 APPELLANT OPINION VALUE ($) STAFF REC 325,000 03 INCREASE STAFF REC VALUE ($) DECISION 414,900 01 REDUCTION DECISION VALUE ($) MOTION 406,700 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 46 LEVEL BER CASE NUMBER 11-BER000013 APPEAL ID 29120 OWNER/ APPELLANT ANGE, KELLY PARCEL ID/ VIN CONSE NT ABS TYPE 18111110 N REI ABS NUMBER 0001914551-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 391,700 APPELLANT OPINION VALUE ($) STAFF REC 190,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 391,700 01 REDUCTION DECISION VALUE ($) MOTION 356,100 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 47 LEVEL BER CASE NUMBER 11-BER002124 APPEAL ID 24215 OWNER/ APPELLANT AUCAMP, THOMAS & AUCAMP, RHONDA / HORACKTALLEY - ATTN: D. CHRISTOPHER OSBORN PARCEL ID/ VIN CONSE NT ABS TYPE 18109313 N REI ABS NUMBER 0001914355-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 2,623,400 APPELLANT OPINION VALUE ($) STAFF REC 1,900,000 01 REDUCTION STAFF REC VALUE ($) DECISION 2,004,700 ACCEPT STAFF REC DECISION VALUE ($) MOTION 2,004,700 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 48 LEVEL BER CASE NUMBER 11-BER002571 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 24278 BOYLE, DAVID & BOYLE, LISA 18113251 N REI ABS NUMBER 0001915160-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 1,191,500 APPELLANT OPINION VALUE ($) STAFF REC 800,000 03 INCREASE STAFF REC VALUE ($) DECISION 1,191,900 ACCEPT STAFF REC DECISION VALUE ($) MOTION 1,191,900 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 49 LEVEL BER CASE NUMBER 11-BER001797 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 5806 BURGESS, ERIC 18108201 N REI ABS NUMBER 0001914034-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 753,600 APPELLANT OPINION VALUE ($) STAFF REC 410,000 01 REDUCTION STAFF REC VALUE ($) DECISION 652,600 ACCEPT STAFF REC DECISION VALUE ($) MOTION 652,600 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 50 LEVEL BER CASE NUMBER 11-BER000879 APPEAL ID 24280 OWNER/ APPELLANT CALANDRA, MICHAEL PARCEL ID/ VIN CONSE NT ABS TYPE 18110433 N REI ABS NUMBER 0001914529-20112011-0000-0 REASON 01 Above Market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³*RRG´WR³$9*´WR UHIOHFWWKH1%+'0DUNHW DOVRDGGHGWKH (FRQRPLF7UDIILFWRWKH VWUXFWXUH 6WDIIUHFRPPHQGVD FKDQJHLQYDOXHIURP WR PAGE 28 of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 1,223,200 APPELLANT OPINION VALUE ($) STAFF REC 810,000 01 REDUCTION STAFF REC VALUE ($) DECISION 1,114,900 ACCEPT STAFF REC DECISION VALUE ($) MOTION 1,114,900 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 51 LEVEL BER CASE NUMBER 11-BER001655 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 8264 CHRIST, PAULA J / BAUCOM, CLAYTOR, BENTON, MORGAN & WOOD, PA ATTN: KENNETH R. BENTON 18113245 N REI ABS NUMBER 0001915153-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 901,200 APPELLANT OPINION VALUE ($) STAFF REC 775,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 901,200 01 REDUCTION DECISION VALUE ($) MOTION 842,700 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 52 LEVEL BER CASE NUMBER 11-BER002939 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 5535 FALLS, RALPH H III 18117202 N REI ABS NUMBER 0001915463-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 1,197,600 APPELLANT OPINION VALUE ($) STAFF REC 1,025,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 1,197,600 ACCEPT STAFF REC DECISION VALUE ($) MOTION 1,197,600 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 53 LEVEL BER CASE NUMBER 11-BER002933 APPEAL ID 9235 OWNER/ APPELLANT FAULKNER, MARIANNE MYRICK PARCEL ID/ VIN CONSE NT ABS TYPE 18115212 N REI ABS NUMBER 0001915376-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 514,800 APPELLANT OPINION VALUE ($) STAFF REC 350,000 01 REDUCTION STAFF REC VALUE ($) DECISION 499,700 01 REDUCTION DECISION VALUE ($) MOTION 471,100 JN/JA DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 54 LEVEL BER CASE NUMBER 11-BER002544 APPEAL ID 24212 OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE FOX, J WYLIE & FOX, JEANIE 18113203 N REI ABS NUMBER 0001915084-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 786,800 APPELLANT OPINION VALUE ($) STAFF REC 686,800 02 NO CHANGE STAFF REC VALUE ($) DECISION 786,800 01 REDUCTION DECISION VALUE ($) MOTION 740,000 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 55 LEVEL BER CASE NUMBER 11-BER000018 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 8243 HANNUM, CHRISTOPHER & HANNUM, KRISTINA 18110138 N REI ABS NUMBER 0001914425-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 1,283,400 APPELLANT OPINION VALUE ($) STAFF REC 1,089,000 01 REDUCTION STAFF REC VALUE ($) DECISION 1,171,800 ACCEPT STAFF REC DECISION VALUE ($) MOTION 1,171,800 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 56 LEVEL BER CASE NUMBER 11-BER000176 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 31953 HARKEY, ERSKINE & HARKEY, BETTY 18114213 N REI ABS NUMBER 0001915228-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 565,600 APPELLANT OPINION VALUE ($) STAFF REC 425,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 565,600 01 REDUCTION DECISION VALUE ($) MOTION 552,100 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 57 LEVEL BER CASE NUMBER 11-BER002937 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 31763 HOOD, DAVID & HOOD, MELANIE 18114101 N REI ABS NUMBER 0001915205-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1$ LANDER, 6DOH'DWH1$6DOH LAURIE 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH1$ 73 V&DVHDQG,VVXHV $ERYH0DUNHW 6DOHV5DWLR &2' &2817,(6&$6(7KLV 6XEMHFWSDUFHOFRQWDLQV /7FODVVLILHGDV 5HVLGHQWLDODQG=RQHG5 ZLWKSXEOLFXWLOLWLHV DQGDODQGXVHRI5 7KHSDUFHOKDV DSSUR[LPDWHO\)WRI 6WUHHW)URQWDJHDQG WKHUHDUHQRDGYHUVH LQIOXHQFHIDFWRUVDSSOLHG JLYLQJWKHSDUFHOD/DQG 9DOXHRI7KH VXEMHFWDOVRLQFOXGHVD VWRU\UHVLGHQWLDOVWUXFWXUH ZLWK6T)WRI KHDWHGDUHDDQGDWRWDO JURVVDUHDRI6T)W 7KH6WUXFWXUHKDV)XOO %DWKVDQGEHGURRPV 7KHVWUXFWXUHKDVDQ $<%RIDQGDQ(<% RIPDNLQJWKH 3K\VLFDO'HSUHFLDWLRQRI DQGDJUDGHRI JLYLQJWKH%XLOGLQJD 9DOXHRI7KLV SDUFHODOVRFRQVLVWRID 6)<,LWHPVZLWKDYDOXH RIPDNLQJWKH7RWDO $VVHVVHG9DOXHRI $UHYLHZRIWKHVXEPLWWHG FRPSDUDEOHDQDO\VLV VKRZHGWKHXVHRIQRQ DUPOHQJWKVDOHVDQG PDGHQRDGMXVWPHQWVIRU ORFDWLRQRUVWRU\YHUVHV VWRU\5HYLHZRIWKH VXEMHFWOLVWLQJGHWDLOVDQG WKH1%+'PDUNHW VKRZHGWKHQHHGWR FKDQJHWKH*UDGHWR 6WDIIUHFRPPHQGVD FKDQJHLQYDOXHWR PAGE 35 of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 542,000 APPELLANT OPINION VALUE ($) STAFF REC 407,000 01 REDUCTION STAFF REC VALUE ($) DECISION 524,400 ACCEPT STAFF REC DECISION VALUE ($) MOTION 524,400 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 58 LEVEL BER CASE NUMBER 11-BER004145 APPEAL ID 2585 OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE HORN, MARK R A & HORN, AMANDA 18101284 N REI ABS NUMBER 0001913100-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1$ LANDER, 6DOH'DWH1$6DOH LAURIE 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH1$ 73 V&DVHDQG,VVXHV $ERYH0DUNHW 6DOHV5DWLR &2' &2817,(6&$6(7KLV 6XEMHFWSDUFHOFRQWDLQV /7FODVVLILHGDV 5HVLGHQWLDODQG=RQHG5 ZLWKSXEOLF8WLOLWLHVDQG DODQGXVHRI57KH SDUFHOKDVDSSUR[LPDWHO\ )WRI6WUHHWWKHUH DUHQRDGYHUVHLQIOXHQFH IDFWRUVDSSOLHGJLYLQJWKH SDUFHOD/DQG9DOXHRI 7KHVXEMHFW DOVRLQFOXGHVDVWRU\ UHVLGHQWLDOVWUXFWXUHZLWK 6T)WRIKHDWHG DUHDDQGDWRWDOJURVV DUHDRI6T)W7KH 6WUXFWXUHKDV)XOO %DWKV+DOI%DWKDQG EHGURRPV7KHVWUXFWXUH KDVDQ$<%RIDQG DQ(<%RIPDNLQJ WKH3K\VLFDO'HSUHFLDWLRQ RIDQGDJUDGHRI JLYLQJWKH%XLOGLQJD 9DOXHRI7KLV SDUFHODOVRFRQVLVWRID 6)<,LWHPVZLWKDYDOXH RIPDNLQJWKH 7RWDO$VVHVVHG9DOXHRI ,QWKHLQIRUPDOSURFHVV FRUUHFWHGDQ\DQGDOO OLVWLQJGHWDLOVDQGDQ\ DGYHUVHDIIHFWVSDUFHO EHLQJWUHDWHGIDLUDQG HTXLWDEOHEDVHGRQWKH 1%+'0DUNHWDQGWKH 6FKHGXOHRIYDOXHV6WDII UHFRPPHQGVQRFKDQJH LQYDOXH PAGE 36 of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 1,182,400 APPELLANT OPINION VALUE ($) STAFF REC 807,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 1,182,400 ACCEPT STAFF REC DECISION VALUE ($) MOTION 1,182,400 JA/JB DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 59 LEVEL BER CASE NUMBER 11-BER004405 APPEAL ID 7586 OWNER/ APPELLANT HUNGATE, SCOTT & HUNGATE, KATHERINE PARCEL ID/ VIN CONSE NT ABS TYPE 18101283 N REI ABS NUMBER 0001913098-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1$ LANDER, 6DOH'DWH1$6DOH LAURIE 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO $SSUDLVDO 'DWH 73 V&DVHDQG,VVXHV $ERYH0DUNHWDQGIHHOV WKDWWKHDSSUDLVDO VXEPLWWHGLVFRQVLVWHQW ZLWKWKHDUHDPDUNHW 6DOHV5DWLR &2' &2817,(6&$6(7KLV 6XEMHFWSDUFHOFRQWDLQV /7FODVVLILHGDV 5HVLGHQWLDODQG=RQHG5 ZLWKDODQGXVHRI 5SXEOLFXWLOLWLHV7KH SDUFHODOVRKDV DSSUR[LPDWHO\)WRI 6WUHHW)URQWDJHDQG LQIOXHQFHIDFWRUVDSSOLHG WRWKHSDUFHO DGMXVWPHQWJLYLQJD/DQG 9DOXHRI7KH VXEMHFWDOVRLQFOXGHVD VWRU\UHVLGHQWLDOVWUXFWXUH ZLWK6T)WRI KHDWHGDUHDDQGDWRWDO JURVVDUHDRI7KH 6WUXFWXUHKDV)XOO %DWKV+DOI%DWKVDQG EHGURRPV7KH VWUXFWXUHKDVDQ$<%RI DQGDQ(<%RI PDNLQJWKH 3K\VLFDO'HSUHFLDWLRQRI DQGDJUDGHRI JLYLQJWKH%XLOGLQJD 9DOXHRI7KLV SDUFHODOVRFRQVLVWVRID 6)<,LWHPVZLWKDYDOXH RIPDNLQJWKH 7RWDO$VVHVVHG9DOXHRI 5HYLHZHGVXEPLWWHG DSSUDLVDODQGVXEMHFW¶V OLVWLQJGHWDLOVFKDQJHG WKHEDWKUDWLQJDQGDQG JUDGHWRUHIOHFWWKH 1%+'PDUNHWDQGWKH 6FKHGXOHRIYDOXHV 6WDIIUHFRPPHQGVD FKDQJHLQYDOXHWR PAGE 37 of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 1,304,700 APPELLANT OPINION VALUE ($) STAFF REC 931,731 01 REDUCTION STAFF REC VALUE ($) DECISION 1,275,800 01 REDUCTION DECISION VALUE ($) MOTION 1,239,100 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 60 LEVEL BER CASE NUMBER 11-BER000104 APPEAL ID 1228 OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE KENNEDY, WALTER A IV & KENNEDY, AUBREY 18110415 N REI ABS NUMBER 0001914496-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 1,320,200 APPELLANT OPINION VALUE ($) STAFF REC 1,028,510 01 REDUCTION STAFF REC VALUE ($) DECISION 1,306,700 ACCEPT STAFF REC DECISION VALUE ($) MOTION 1,306,700 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 61 LEVEL BER CASE NUMBER 11-BER001777 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 24287 LAWSON, VIVAN RENEE 18111205 N REI ABS NUMBER 0001914644-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 516,000 APPELLANT OPINION VALUE ($) STAFF REC 347,000 01 REDUCTION STAFF REC VALUE ($) DECISION 423,700 01 REDUCTION DECISION VALUE ($) MOTION 414,400 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 62 LEVEL BER CASE NUMBER 11-BER001727 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 24292 LEWIS, CHARLES & FRASCHE, MARY 18114235 N REI ABS NUMBER 0001915255-20112011-0000-0 REASON 01 Above Market STAFF NOTES APPRAISER )RUHFORVXUH1$ LANDER, 6DOH'DWH1$6DOH LAURIE 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH1$ 73 V&DVHDQG,VVXHV $ERYH0DUNHW 6DOHV5DWLR &2' &2817,(6&$6(7KLV 6XEMHFWSDUFHOFRQWDLQV /7FODVVLILHGDV 5HVLGHQWLDOZLWKSXEOLF XWLOLWLHV=RQHG5ZLWKD ODQGXVHRI57KH SDUFHOKDVDSSUR[LPDWHO\ IWRI6WUHHW)URQWDJH ZLWKQRDGYHUVHLQIOXHQFH IDFWRUVDSSOLHGWRWKH SDUFHOJLYLQJWKHSDUFHOD /DQG9DOXHRI 7KHVXEMHFWDOVRLQFOXGHV DVWRU\UHVLGHQWLDO VWUXFWXUHZLWK6T )WRIKHDWHGDUHDDQGD WRWDOJURVVDUHDRI 6T)W7KH 6WUXFWXUHKDV)XOO %DWKVDQGEHGURRPV DQ$<%RIDQ(<% RIPDNLQJWKH 3K\VLFDO'HSUHFLDWLRQRI DQGDJUDGHRI JLYLQJWKH%XLOGLQJD 9DOXHRI7KH SDUFHOFRQVLVWRID6)<, LWHPVZLWKDYDOXHRI PDNLQJWKH7RWDO $VVHVVHG9DOXHRI 5HYLHZHGVXEPLWWHG =LOORZDQDO\VLVWKH DQDO\VLVXVHGQRQDUPV OHQJWKVDOHVDQG IRUHFORVXUHV 6WDIIUHFRPPHQGVQR FKDQJHLQYDOXH PAGE 40 of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 507,300 APPELLANT OPINION VALUE ($) STAFF REC 390,000 01 REDUCTION STAFF REC VALUE ($) DECISION 507,300 01 REDUCTION DECISION VALUE ($) MOTION 497,200 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 63 LEVEL BER CASE NUMBER 11-BER003838 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 13378 MAFFITT, BEN C III & MAFFITT, VIRGINIA 18104357 N REI ABS NUMBER 0001913540-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 1,080,200 APPELLANT OPINION VALUE ($) STAFF REC 0 01 REDUCTION STAFF REC VALUE ($) DECISION 949,900 ACCEPT STAFF REC DECISION VALUE ($) MOTION 949,900 JA/JB DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 64 LEVEL BER CASE NUMBER 11-BER003801 APPEAL ID 11348 OWNER/ APPELLANT MIDDLETON, GEORGE & MIDDLETON, SANDRA PARCEL ID/ VIN CONSE NT ABS TYPE 18717225 N REI ABS NUMBER 0001922638-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 241,300 APPELLANT OPINION VALUE ($) STAFF REC 210,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 241,300 ACCEPT STAFF REC DECISION VALUE ($) MOTION 241,300 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 65 LEVEL BER CASE NUMBER 11-BER000815 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 1268 MORRICE, JOHN & MORRICE, MICHELE 18109231 N REI ABS NUMBER 0001914307-20112011-0000-0 REASON 03 Equity Issue STAFF NOTES APPRAISER )RUHFORVXUH1$ LANDER, 6DOH'DWH1$6DOH LAURIE 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH1$ 73 V&DVHDQG,VVXHV (TXLW\,VVXH 6DOHV5DWLR &2' &2817,(6&$6(7KLV 6XEMHFWSDUFHOFRQWDLQV /7DQGLVPDLQO\ FODVVLILHGDV5HVLGHQWLDO DQG=RQHG5ZLWKD ODQGXVHRI5SXEOLF XWLOLWLHVDQG DSSUR[LPDWHO\)WRI 6WUHHW)URQWDJH ,QIOXHQFHIDFWRUVDSSOLHG WRWKHSDUFHOLVD DGMXVWPHQWJLYLQJWKH SDUFHOD/DQG9DOXHRI 7KHVXEMHFW DOVRLQFOXGHVDVWRU\ UHVLGHQWLDOVWUXFWXUHZLWK 6T)WRIKHDWHG DUHDDQGDWRWDOJURVV DUHDRI6T)W 7KH6WUXFWXUHKDV)XOO %DWKVSHUVXEPLWWHG DSSUDLVDODQG EHGURRPV7KHVWUXFWXUH KDVDQ$<%RIDQG DQ(<%RIPDNLQJ WKH3K\VLFDO'HSUHFLDWLRQ RIDQGDJUDGHRI 7KHUHLVD )XQFWLRQDODSSOLHGJLYLQJ WKH%XLOGLQJD9DOXHRI 7KLVSDUFHO DOVRFRQVLVWRID6)<, LWHPVZLWKDYDOXHRI PDNLQJWKH7RWDO $VVHVVHG9DOXHRI 5HYLHZHGWKHVXEPLWWHG DSSUDLVDOPDGH FRUUHFWLRQVRQRI %DWKURRPVDQGWKH FKDQJHGWKHPDVVLYH ILUHSODFHFRGH 6WDIIUHFRPPHQGVD &+$1*(9$/8(72 PAGE 43 of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 821,100 APPELLANT OPINION VALUE ($) STAFF REC 680,000 01 REDUCTION STAFF REC VALUE ($) DECISION 819,600 ACCEPT STAFF REC DECISION VALUE ($) MOTION 819,600 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) 9:00 AM 66 BER 11-BER001670 9215 PROFFITT, BENJAMIN & PROFFITT, JEANETTE 18110103 N REI 0001914371-20112011-0000-0 01 Above Market )RUHFORVXUH1$ LANDER, 6DOH'DWH1$6DOH LAURIE 3ULFH1$ 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH1$ 73CV&DVHDQG,VVXHV $ERYH0DUNHW 6DOHV5DWLR &2' &2817,(6&$6(7KLV 6XEMHFWSDUFHOFRQWDLQV /7FODVVLILHGDV 5HVLGHQWLDOZLWKSXEOLF XWLOLWLHV=RQHG5ODQG XVHRI57KHSDUFHO KDVDSSUR[LPDWHO\ )WRI6WUHHW)URQWDJH WKHUHDUHQRLQIOXHQFH IDFWRUVDSSOLHGWRWKH SDUFHOJLYLQJWKHSDUFHOD /DQG9DOXHRI 7KHVXEMHFWDOVRLQFOXGHV DVWRU\UHVLGHQWLDO VWUXFWXUHZLWK6T )WRIKHDWHGDUHDDQGD WRWDOJURVVDUHDRI 6T)W7KH6WUXFWXUH KDV)XOO%DWKV+DOI %DWKDQGEHGURRPV 7KHVWUXFWXUHKDVDQ $<%RIDQGDQ(<% RIPDNLQJWKH 3K\VLFDO'HSUHFLDWLRQRI DQGDJUDGHRI JLYLQJWKH%XLOGLQJD 9DOXHRI 7KLVSDUFHOGRHVQRW KDYH6)<,LWHPVPDNLQJ WKH7RWDO$VVHVVHG 9DOXHRI6WDII UHFRPPHQGVDFKDQJHLQ YDOXHWR EDVHGRQWKH1%+' 0DUNHWDQGWKH6FKHGXOH RI9DOXHV 0 1,528,400 9:00 AM 67 BER 11-BER003817 3486 SLAYDEN, STEPHEN & SLAYDEN, TIFFANY 18101277 N REI 0001913081-20112011-0000-0 01 Above Market LANDER, LAURIE 0 999,500 PAGE 44 of 46 APPELLANT OPINION VALUE ($) STAFF REC 1,100,000 01 REDUCTION 700,000 02 NO CHANGE STAFF REC VALUE ($) DECISION 1,386,500 ACCEPT STAFF REC 999,500 01 REDUCTION DECISION VALUE ($) MOTION 1,386,500 JA/JN 938,900 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. 9:00 AM 68 LEVEL BER CASE NUMBER 11-BER004037 APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE 11336 WHITLEY, ROBERT L JR & WHITLEY, CARA 18721606 N REI ABS NUMBER 0001923026-20112011-0000-0 REASON 01 Above Market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of 46 PENALTY AMOUNT ($) 0 PENALTY DECISION APPR VALUE ($) 261,300 APPELLANT OPINION VALUE ($) STAFF REC 220,000 01 REDUCTION STAFF REC VALUE ($) DECISION 251,500 01 REDUCTION DECISION VALUE ($) MOTION 234,400 JA/JN DECISION COMMENTS Board of Equalization and Review - November 16, 2011 TIME ROW NO. LEVEL CASE NUMBER APPEAL ID OWNER/ APPELLANT PARCEL ID/ VIN CONSE NT ABS TYPE ABS NUMBER REASON STAFF NOTES APPRAISER PENALTY AMOUNT ($) PENALTY DECISION APPR VALUE ($) APPELLANT OPINION VALUE ($) STAFF REC STAFF REC VALUE ($) DECISION DECISION VALUE ($) MOTION 15501220 Y REI 0001870258-20112011-0000-0 01 Above Market )RUHFORVXUH1R BAGBY, 6DOH'DWH6DOH3ULFH DAVID 732SLQLRQRI9DOXH 733ULYDWH$SSUDLVDO 1$$SSUDLVDO'DWH 73 V&DVHDQG,VVXHV 1RQHSURYLGHG &RXQW\ V&DVH7KH ,QFRPHDSSURDFK LQGLFDWHVDYDOXHRI XVLQJ PDUNHWUHQWRIDQG PDUNHWYDFDQF\RI SHUFHQW6XSSRUWLQJ GRFXPHQWVKDYHEHHQ SURYLGHG&RXQW\PRYHV IRUDQLQFUHDVHLQYDOXH WR 0 10,230,200 8,700,000 WITHDRAWAL 10,230,200 Withdrawn 0 9:00 AM 69 BER 11-BER002342 37404 1900 RANDOLPH RD / STALLINGS GROUP - ATTN: JEFF ROBINSON 9:00 AM 70 BER 11-BER001986 37438 FIRST STATES 15506437B INVESTORS 4100A LLC / ERNST & YOUNG Y REI 0001871857-20112011-0000-0 01 Above Market BAGBY, DAVID 0 494,100 0 WITHDRAWAL 494,100 Withdrawn 0 9:00 AM 71 BER 11-BER000998 40592 KENTUCKY AVENUE LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 17514102 Y REI 0001907194-20112011-0000-0 01 Above Market BAGBY, DAVID 0 1,447,700 0 WITHDRAWAL 1,447,700 Withdrawn 0 9:00 AM 72 BER 11-BER000989 40642 PENNSYLVANIA AVENUE LLC / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 17514116 Y REI 0001907215-20112011-0000-0 01 Above Market BAGBY, DAVID 0 2,894,500 0 WITHDRAWAL 2,894,500 Withdrawn 0 9:00 AM 73 BER 11-BER000993 40580 PENNSYLVANIA AVENUE LLC C/O SUNSET MANAGMENT GROUP / MARVIN F. POER AND COMPANY ATTN: BYRON PEARCE 17514114 Y REI 0001907211-20112011-0000-0 01 Above Market BAGBY, DAVID 0 17,734,000 0 WITHDRAWAL 17,734,000 Withdrawn 0 Notes: 155-024-04 was removed from the 11/16 docket to today's per Karen. 11 BER 2323 (181-162-18) was granted a reschedule with proof of plane ticket; rescheduled to 12/06 JA/JN Wednesday, April 25, 2012 BER MEETING MINUTES - APPROVED AND SIGNED BY PAGE 46 of 46 BER CHAIRMAN DECISION COMMENTS