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County staff says medical office appraisal appears lower than past sale; requests further QA
Summary
Union County appraisers told the board they have the medical office in Waxhaw appraised below a 2016 sale price and below medians of comparable medical-office sales, and recommended a quality-assurance review; the appellant did not submit income documentation to offset the countyanalysis.
County appraisal staff told the Board of Equalization and Review that a medical-office property on South Providence Road in Waxhaw appears appraised below what past sales and market comparables would suggest and recommended a quality-assurance review.
County presenter Joe Hunter said the subject property, listed to the board as PM AK Waxhaw LLC, sold in 2016 for $6.6 million; the county currently values it at $6,364,700…
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