Union County Board of Equalization upholds most values, reduces one parcel after flood-zone review

The Union County Board of Equalization and Review on Wednesday heard multiple property appeals and voted to accept county values for three commercial parcels at Monroe Crossing and for a set of previously settled accounts, while adjusting one residential assessment after county staff agreed to correct flood-zone treatment for nearby lots.

The board voted to leave the county's assessed values unchanged for three Monroe Crossing parcels appealed by Monroe Crossing Owner LLC — $12,763,000 for parcel 09264003J, $7,833,800 for parcel 09264003K and $6,015,800 for parcel 09264003L — and approved the staff recommendations listed in the meeting’s addendum A. For hearing number 1 (property key 08291001, Gerald Openhall and Virginia Bridal), the board approved a reduced current value of $595,900 after reviewing county mapping and flood-zone treatment for adjacent parcels.

The flood-zone issue that drove the hearing over parcel 08291001 centered on a small, built-out subdivision of about eight lots adjacent to the subject parcel along Rocky River and Lawyers Road. County appraiser Marshall told the board that three lots in that subdivision had not been given a flood discount in the prior valuation cycle because appraisers used neighborhood-level sales at the time; after reviewing the parcel map and the flood overlays, Marshall said the…