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Board of Equalization and Review

Orange County · Board of Equalization & Review
Wednesday, January 21, 2026

Regular meeting Tax rate and revaluationLand conversion and large developmentStormwater and flooding

Agenda document Minutes Watch Meeting recap

What's on this agenda

The Orange County Board of Equalization and Review heard 29 appeals of 2026 revaluation values on January 21, 2026, in a morning session of 17 industrial and commercial hearings plus a four-item consent agenda, and an afternoon session of eight residential appeals in Chapel Hill and Hillsborough. The board sustained the county's original assessment on eleven commercial properties, reduced values in fourteen cases, denied one appeal as untimely, and in one unusual case raised a property's value above what the county itself had originally assessed.

That outlier was Ralcar Corp's 7411 Rex Road warehouse, where the county's own analysis found the building undervalued and the board agreed to raise it from $1,967,400 to $2,399,300. On the residential side, most reductions followed the same pattern: appraisers found homes' effective ages, conditions or square footage overstated, and the board corrected them, including one Hillsborough home in poor condition, cut from $304,200 to $208,900 to match an independent appraisal.

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

Three of the board's nine members were present for both sessions: Richal Vanhook, Shannon Julian, and Barbara Levine, who sat as acting chair in Leon Meyers' absence. In the morning, the board heard appeals from several large industrial owners represented by Morgan Fowler of Ryan LLC. It sustained nine warehouse and storage properties at their current assessed values, including MRE Propco LP's $113,958,600 distribution warehouse on West Ten Road and both of Buckhorn Industrial II LLC's Buckhorn Industrial Parkway buildings, totaling over $51 million. It reduced BRI 1013 Oakwood Street Ext LLC's Mebane warehouse from $5,428,500 to $5,265,700 and Carraway Storage LP's mini-storage building on Myrica Street from $18,835,100 to $16,435,600. It also heard, and sustained without change, seven parcels making up the Glen Lennox Apartments complex on Maxwell Road, Audley Lane and Berkley Road, which the owner had asked to value collectively at $21,343,600 against a current combined value near $42.3 million; the county said the complex's approved redevelopment supported the existing figures. Henry Louis Jicha III's Oak Hill Road home was reduced from $888,200 to $793,900 for a topography adjustment. On the consent agenda, the board approved four further reductions: Jie Zhou's property from $521,400 to $477,200, two Purefoy family properties from $242,900 to $183,900 and $394,100 to $371,600, and Meei Chou's property from $271,200 to $237,600.

In the afternoon, the board heard eight residential appeals. It reduced Michael Yoquelet's 540 North Nash Street home from $643,300 to $633,000 after a square-footage correction, Terry McPherson's 303 North Nash Street property from $407,900 to $345,000 after an inspector found a manufactured home on the lot uninhabitable, and five other homes for condition, age or land adjustments. It denied Netherlan T. Davis's request to hear a late-filed 2025 appeal of 7223 Atkins Road, finding the taxpayer had missed the July 31, 2025 filing deadline despite proper public notice. It also reheard and reduced Thomas Merritt's 709 Church Street appeal, rescinding a December 15, 2025 decision at the appellant's request before cutting the value from $401,700 to $347,700.

How the votes went

All 29 decisions passed without recorded dissent among the three members present, with Richal Vanhook, Shannon Julian and Barbara Levine rotating as movant and seconder throughout. The board also voted to rescind its December 15, 2025 decision on one appeal and rehear it, a motion by Shannon Julian seconded by Barbara Levine that passed with none opposed. The consent agenda was approved unanimously.

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 (3)

Public hearing · 3
  1. II (9:00 a.m.) Morning appeals hearings — commercial
    Public hearing Tax rate and revaluation
    PS NC III LP sought to lower this storage property's $14,465,700 value based on actual income and a market proforma. The county's commercial appraiser analysis found the value supported by comparable sales and income. The board sustained it.
    Thirteen unchanged, two reduced, one increased
    • 515 S Greensboro St · no matching parcel on file
    • Pin 9778839403 · Ps NC III LP · assessed $14,465,700
  2. II (1:00 p.m.) Afternoon appeals hearings — residential
    Public hearing Tax rate and revaluation
    The owner sought to lower this Mebane storage property's $8,645,700 value based on actual income and a market proforma. The county's analysis found the value supported by comparable sales and income. The board sustained it.
    Eight reduced; one untimely appeal denied
    • 4550 Arrowhead Blvd · no matching parcel on file
    • Pin 9824373605 · Stor Mebnc Mod LLC · assessed $8,645,700
  3. III Consent Agenda
    Public hearing Land conversion and large developmentStormwater and floodingTax rate and revaluation
    The owner of this 87,730-square-foot Mebane warehouse sought a reduction from $5,428,500 to $5,000,000, citing a 2022 sale price of $4,950,000 and a market proforma. The county said the sale involved below-market legacy leases and limited site access, and after accounting for that recommended $5,265,700. The board accepted the county's figure.
    • 1013 Oakwood St · no matching parcel on file
    • Pin 9824480329 · Bri 1013 Oakwood Street Ext LLC · assessed $5,265,700

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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