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Board of Equalization and Review August 13, 2026 meeting agenda and minutes

Orange County · Board of Equalization & Review
Thursday, August 13, 2026

Regular meeting Tax rate and revaluationHousing and affordabilityStormwater and flooding

Agenda document Minutes Watch Meeting recap

What was decided

  1. Continued 2.aValue Appeal - CCP Chapel Hill 0806 LP, PIN 9799141643, 1602 E. Franklin Street Continued to September 24, 3-0

Read from the agenda's recorded outcomes. Where the board published minutes, those are the record — this is a pointer to them.

What's on this agenda

Orange County's Board of Equalization and Review heard four commercial property value appeals on August 13, all from companies holding Chapel Hill real estate. The largest was 501 Midtown Apartments at 232 Butler Court, assessed at $40,394,200. Also on the list were a property at 1602 E. Franklin Street, two Paliouras Enterprises holdings at 157 E. Rosemary Street and 1404 E. Franklin Street, and the appraisers assigned to each.

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 Recording

The board sided with the county on three of the four appeals and put the fourth over to September. It sat for 72 minutes with three of its nine members present, two more than a quorum requires, and every vote was 3-0.

The deferred case is the largest gap between the two sides: CCP Chapel Hill 0806 LP values its Franklin Street property at $5,600,000 against the county's $10,020,600, arguing from a weighted blend of equity, cost and sales comparison approaches. The board continued it to September 24 and told the county to analyze support for its land valuation while the appellant seeks income and expense data from the owner. On the other three the appellants did not appear. The board accepted a small county-recommended reduction on one Paliouras property, from $2,382,000 to $2,373,000, against an owner opinion of $966,400, and made no change on the second, holding it at $841,700. It also left 501 Midtown Apartments at $40,394,200. That owner had argued damage from Tropical Storm Chantal in July 2025 raised vacancy and cut rental income, and put the value at $35,000,000.

Across the sitting the board adopted no appellant's own figure.

How the votes went

Four appeals, four unanimous 3-0 votes. One continued to September 24, one accepting a county-recommended reduction of $9,000, two making no change.

From the published minutes.

Full transcript

Automatic captions from the recording, "David Caldwell, a graduate of Project EngAGE". Runs 5 min. These are machine transcriptions, not a court record. They misrender names and figures — "Kildaire" comes through as "kill dare", and case numbers arrive as noise. Each timestamp opens the video at that moment, which is how a passage here gets checked against what was said.

Read the transcript (3 passages)
[0:00:06]

Um hello, my name's David Caldwell. I'm a lifetime resident of Orange County. Currently the project director director for the Rogers-Eubanks Neighborhood Association. Um one of the economically poor neighborhoods in Orange County, but we are one of the richest in history and ancestry. Some of the administrators from from the area were talking about um the program and thought it would be good to try and get the information out to my community. And I was asked to uh come and participate so I could take the information back and spread out just what it was all about um if that was something we could use. Um not as a fact that we wanted to we're a community that very seldom gets any kind of public talk. Um it's always it's from the bottom. So it was great to be asked to come in on top floor for change. Uh it gave me so much information Excuse me. to take back to my community. Um we have um a majority of senior citizens who are not familiar with um getting prepared, um knowing what to look like, what the future holds. Um and just be able to come back with some options and some experience, firsthand experience of seeing and knowing and maybe answer some of the questions they had uh made a huge difference for my community. As I said, we have a a large uh selection of seniors who are not prepared. We're not prepared um for their final days and and knowing what to do or how it's going to be done, and just have options so that they didn't know, they weren't going in blind and they weren't afraid um of of their basically their founding days.

[0:02:06]

Um you know, it's it's it's a fact that um he who fails to prepare is preparing to fail. And that is what um we were trying to prevent. And this program really helped us a lot in that area. We're um a small organization. Um what we do currently at our community center is we have a Currently now we're doing the after-school program for the kids. We do a food um distribution program the third Saturday of every month where we'll um donate food to anywhere from 150 to 300 families. We have a summer program where we do between uh 40 and 60 kids. Um we have a backpack program where we give out I think this year our goal is 650 backpacks to um to the kids. Um we hold meetings like this we're talking we bring seniors in and talk about how to get prepared. A lot of them have questions especially our um um Hispanic and and uh Latino and Asian population um that uh we have won over their confidence so we have them they come to us with problems and knowing how to navigate the system uh for Orange County. Um It's a constant uh a constant fluid evolving process. Um and just the more information this is just another brick that we put in our foundation for for helping them and letting them not feel left out. I would say push to the front of the line. Um it is one of the best programs. I was a little hesitant about joining. I didn't know what it could do, but they're very program is very non-biased and non-prejudicial. We saw some of the best senior facilities. I think we saw some

[0:04:06]

of the worst. So, it wasn't like they were trying to sell you anything. They gave you everything out on the table. And to give you an opportunity to make your decision and go where you feel comfortable. Where you could afford, where it was easiest for you to to navigate. You know, that they tell you that they said we want $10,000 minimum and we were taken to some places that offered 3,000 that were a little out there, but still and oddly enough a member of my church recently went to one of those that we talked about and requested their services, but us they couldn't afford it and they felt that we were very it was respectful, it was nice and clean and they'd be happy and they were very satisfied with it. So, that's the information that Engage gave me to take back to my community and actually see them using it will make me feel more success. Participate as much as you can, get as much information as you can. Like I said, be prepared. This will help you get many good nights of sleep.

Speaking at this meeting

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

Agenda items (6)

Public hearing · 4Procedural · 2
  1. 1 Call to Order
    Procedural
    Chair Leon Meyers called the meeting to order at 1:00 p.m. with three of nine members present.
  2. 2.a Value Appeal - CCP Chapel Hill 0806 LP, PIN 9799141643, 1602 E. Franklin Street
    Public hearing Tax rate and revaluation
    CCP Chapel Hill 0806 LP contests the county's $10,020,600 value on its property at 1602 E. Franklin Street, arguing for $5,600,000 from a weighted blend of the equity approach at 10 percent, the cost approach at 60 percent and sales comparison at 30 percent. The owner's representative appeared by video.
    Continued to September 24, 3-0
    From the minutes: From the minutes: continued to September 24 at 1:15 p.m. on a 3-0 vote moved by Salvi and seconded by Vanhook, with the county to analyze support for its land valuation and the appellant to give the owner a chance to provide income and expense data.
    • 1602 E Franklin St · no matching parcel on file
    • Pin 9799141643 · Ccp Chapel Hill 0806 LP · assessed $10,020,600
  3. 2.b Value Appeal - Paliouras Enterprises LLC, PIN 9788379926, 157 E. Rosemary Street
    Public hearing Tax rate and revaluation
    Paliouras Enterprises LLC contests the $2,382,000 value on 157 E. Rosemary Street, arguing for $966,400 from a three-year income and expense history and a market proforma. Nobody appeared for the owner.
    Value set at $2,373,000, 3-0
    From the minutes: From the minutes: the board accepted the county's recommended reduction to $2,373,000, 3-0, moved by Vanhook and seconded by Salvi.
    • 157 E Rosemary St · no matching parcel on file
    • Pin 9788379926 · Paliouras Enterprises LLC · assessed $2,382,000
  4. 2.c Value Appeal - Paliouras Enterprises LLC, PIN 9789927679, 1404 E. Franklin Street
    Public hearing Tax rate and revaluation
    Paliouras Enterprises LLC contests the $841,700 value on 1404 E. Franklin Street, arguing for $577,951 from a three-year income and expense history with average net operating income capitalized at 12.41 percent. Nobody appeared for the owner.
    No change, value held at $841,700, 3-0
    From the minutes: From the minutes: no change, value held at $841,700, 3-0, moved by Salvi and seconded by Vanhook.
    • 1404 E Franklin St · no matching parcel on file
    • Pin 9789927679 · Paliouras Enterprises LLC · assessed $841,700
  5. 2.d Value Appeal - Elliot Chapel Hill Borrower LLC, PIN 9799278842, 232 Butler Ct - 501 Midtown Apts
    Public hearing Housing and affordabilityStormwater and floodingTax rate and revaluation
    Elliot Chapel Hill Borrower LLC contests the $40,394,200 value on the 501 Midtown apartments at 232 Butler Court, arguing for $35,000,000 on condition and maintenance grounds: Tropical Storm Chantal damaged the property in July 2025, raising vacancy and cutting rental income. Nobody appeared for the owner.
    No change, value held at $40,394,200, 3-0
    From the minutes: From the minutes: no change, value held at $40,394,200, 3-0, moved by Salvi and seconded by Vanhook.
    • 232 Butler Ct · no matching parcel on file
    • Pin 9799278842 · Elliot Chapel Hill Borrower LLC · assessed $40,394,200
  6. 3 Adjournment
    Procedural
    Adjourned at 2:17 p.m.

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