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Union County board upholds $491,900 assessment for Hubbard home after owner's comparables challenge
Summary
Thomas Hubbard disputed a $491,900 assessment for his Indian Trail home; county appraisers used nearby comps and adjustments and the board upheld the county value.
Union County's Board of Equalization and Review voted to uphold the county's assessed value for the property owned by Thomas and Diane Hubbard in Indian Trail, rejecting a homeowner's request for a lower valuation based on recently sold comparables.
Thomas Hubbard told the board the county's new assessed value of $491,900 was higher than recent nearby sales he identified and said a more realistic value would be between $400,000 and $425,000. "I would revise that, and say between 400 and $425," Hubbard said when asked his opinion of value.
Jay Acto…
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