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Orange County Board of Equalization and Review largely upholds county assessments; two Kinfolks parcels adjusted
Summary
At its Feb. 11, 2026 meeting, the Orange County Board of Equalization and Review accepted most county-recommended assessed values for commercial and residential properties, approved two reductions for Kinfolks Collaborative parcels on Ashe Street, and accepted multiple county commercial valuations after staff presentations.
The Orange County Board of Equalization and Review met on Feb. 11, 2026, and recorded decisions on a slate of property valuation appeals, accepting the county’s recommended values in most cases and approving adjustments on two adjacent Kinfolks Collaborative parcels on Ashe Street.
Why it matters: These decisions establish final assessed values that will be used for the current tax cycle unless otherwise appealed; several commercial parcels had significant county adjustments that will affect local property tax revenue allocations and future appeals.
The Board recorded acceptance of the county’s recommended assessed value of $312,500 for the improved Kinfolks parcel at 207 Ashe Street (PIN 9864348855). County staff recommended a −20% land adjustment to reflect the property’s combined sale with an adjacent vacant lot; the motion to accept the county value was made by Board member Shannon Julian and seconded by Chair Leon Meyers.
For the adjacent unimproved Kinfolks lot (PIN 9864349846), county staff likewise recommended a −20% land adjustment, yielding a revised county opinion of $96,000. The Board recorded a motion to accept that value, made by Richal Vanhook and seconded by Shannon Julian; the minutes record the vote as in favor by all BOER members.
The Board accepted county-recommended values or recorded no change in value for the remaining appeals presented at the hearing after county appraisal staff reviewed sales, income and comparable analyses. Notable outcomes recorded in the minutes include:
Votes at a glance
- PIN 9864348855 — Kinfolks Collaborative, LLC (207 Ashe St.) — County opinion: $312,500 — Board decision: $312,500. Motion: Shannon Julian; second: Leon Meyers.
- PIN 9864349846 — Kinfolks Collaborative, LLC (unimproved parcel) — County opinion: $96,000 — Board decision: $96,000. Motion: Richal Vanhook; second: Shannon Julian. Minutes note: vote recorded as 'All BOER Members' in favor.
- PIN 9834561717 — DT Retail Properties LLC (510 Buckhorn Rd.) — County opinion: $18,522,300 — Board decision: $18,522,300. Motion: Shannon Julian; second: Richal Vanhook.
- PIN 9798733687 — MFREVF IV Meadowmont LP (1302 Village Crossing Dr.) — County opinion: $5,422,100 — Board decision: $5,422,100. Motion: Richal Vanhook; second: Shannon Julian.
- PIN 9799034445 — ROIB RTP LLC (1516 E. Franklin St.) — County opinion: $3,937,200 — Board decision: $3,937,200. Motion: Shannon Julian; second: Richal Vanhook.
- PIN 9873596043 — DT Retail Properties LLC (619 Hampton Pointe Blvd.) — County opinion: $2,003,100 — Board decision: $2,003,100. Motion recorded: No change.
- PIN 9799220621 — RRPV University Chapel Hill LP (201 S. Estes Dr.) — County opinion: $93,532,200 — Board decision: $93,532,200. Motion: Shannon Julian; second: Richal Vanhook.
- PINs 9799362298 & 9799366150 — DRMTA LLC (1726 & 1720 Fordham Blvd.) — County opinions: $818,800 and $21,769,500 — Board decisions: $818,800 and $21,769,500 (no change). Motions recorded: No change.
- PIN 9788268572.006 — Chapel Hill Foundation RE Holdings Inc. (143 W. Franklin St.) — County opinion: $18,360,200 — Board decision: $18,360,200. Motion recorded: accepted.
- PIN 9788268572.007 — Chapel Hill Foundation RE Holdings Inc. (123 W. Franklin St.) — County opinion: $8,594,600 — Board decision: $8,594,600. Motion recorded: accepted.
- PIN 9880270438 — Chapel Hill North Station Outparcel (1880 MLK Jr. Blvd.) — County opinion: $1,355,100 — Board decision: $1,355,100. Motion recorded: no change.
- PIN 9880275036 — Chapel Hill North Station LLC (1838 MLK Jr. Blvd.) — County opinion: $20,089,700 — Board decision: $20,089,700. Motion recorded: accepted.
- PIN 9788271139 — TGAP The Warehouse At CH Owner LLC (316 W. Rosemary St.) — County opinion: $29,150,500 — Board decision: $29,150,500. Motion recorded: no change.
County appraisers presented evidence for each appeal, including GIS maps, MLS and deed screenshots, comparable sales and income‑approach analyses; where staff recommended adjustments, they explained specific data used (for example, land adjustments tied to combined sales, or depreciation and capitalization-rate choices for commercial properties). Several appeals featured complex appraisals tying Orange County assessments to sales data and income performance in the Chapel Hill–Carrboro market.
The Board also approved a consent agenda and adjourned at 4:28 PM. The minutes note that Tax leadership (Chad Phillips and Nancy Freeman) presented an overview of a Board‑ordered neighborhood review project at the Board’s request in a prior meeting; the minutes do not include details of that presentation beyond its occurrence.
