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Union County staff defends 2025 valuation for partially completed mini-warehouse in Waxhaw
Summary
County appraisers told the Board of Equalization that a new mini-warehouse near Providence Road was assessed below market on a 100% complete basis and that partial completion at Jan. 1, 2025, produced a reduced assessed value; the appellant declined to attend but requested the record be made for potential further review.
Union County appraisers told the county Board of Equalization and Review that a partially completed mini-warehouse development near South Providence Road and Highway 16 in Waxhaw was assessed lower than comparable market sales when projected to 100% completion, and they recommended no upward adjustment for the 2025 valuation date.
County presenter Joe Hunter described the property for the taxpayer listed as GSI Providence Waxhaw Owner LLC as approximately 75% complete on Jan. 1, 2025, with a building area of 122,816 square feet. Hunter said the…
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