NORTHGATE SHOPPING CENTER
1058 W. Club Blvd.
OLD VALUE: $28,831,419
NEW VALUE: $35,819,008
2007 TAX BILL: $418,632.20
2008 TAX BILL: $447,057.04
DIFFERENCE: + $28,424.84 (7 percent increase)
Northgate Shopping Center has been under intense renovations since 2005, boosting its value since the last county-wide revaluation.
1810 CEDAR ST.
OLD VALUE: $924,653
NEW VALUE: $1,776,284
2007 TAX BILL: $13,425.97
2008 TAX BILL: $22,169.80
DIFFERENCE: + $8,743.83 (65 percent increase)
This historic five-bedroom colonial was designed by George Watts Carr in 1935, but the home gained notoriety in 2001, when owner Kathleen Peterson was murdered there. Her husband Michael Peterson was later convicted of killing her. Jason Balius, a restaurateur, and wife Anastasia bought the home in 2004 for $640,000. It is now on the market for $1.7 million.
906 CAROLINA AVE.
OLD VALUE: $69,281
NEW VALUE: $203,781
2007 TAX BILL: $1,005.96
2008 TAX BILL: $2,610.43
DIFFERENCE: + $1,604.47 (159 percent increase)
Owner Marcia Kirinus downsized from a five-bedroom home a couple of years ago and moved into a modest two-bedroom mill house to save money. She added 400 square feet to the cottage, expanding her kitchen and adding a half bath, and her home's value nearly tripled. "I want to pay my fair share in taxes. But the leap is huge," said Kirinus, who works in the biology department at Duke University.
4926 STEPHENS LANE
OLD VALUE: $126,995
NEW VALUE: $172,263
2007 TAX BILL: $921.97* (age 65+ credit of 50 percent)
2008 TAX BILL: $1,075.01
DIFFERENCE: + $153.04 (17 percent increase)
Marge Blackwell, 84, said she had more pressing issues -- a long illness and hospital stay for her husband Bob -- than to appeal her revaluation. "At our age," she said, "we just try to avoid anything that will subject us to more worry." The increase she'll see is small compared to many other homeowners, but $153 "still makes a hole in a budget," she said.
5901 CHEEK ROAD
OLD VALUE: $226,627
NEW VALUE: $254,142
2007 TAX BILL: $2,235.69
2008 TAX BILL: $2,162.78
DIFFERENCE: - $72.91 (3 percent decrease)
"I thought I was paying too much to start with," owner Billie Bordeaux said of her tax reduction. She agrees with the county's appraisal of her five-bedroom, 3.5-bath home, which is outside city limits and subject to only county and fire district taxes.
GENERAL ELECTRIC FACTORY
3701 S. Miami Blvd.
OLD VALUE: $27,561,972
NEW VALUE: $41,556,470
2007 TAX BILL: $400,199.83
2008 TAX BILL: $518,666.30
DIFFERENCE: +118,466.47 (30 percent increase)
This factory is near RTP, but within Durham city limits, responsible for both city and county taxes.
BIOMERIEUX INC.
150 Akzo Blvd.
OLD VALUE: $21,269,201
NEW VALUE: $20,641,356
2007 TAX: $190,146.66
2008 TAX: $158,546.26
DIFFERENCE: -$31,600.40 (17 percent decrease)
The Treyburn facility is owned by a global biomedical technology group, which focuses on in vitro diagnostics. It is outside city limits, so it pays only county taxes.
KBI BIOPHARMA PROPERTIES
1101 Hamlin Road
OLD VALUE: $7,544,110
NEW VALUE: $14,106,433
2007 TAX: $71,593.61
2008 TAX: $115,052.07
DIFFERENCE: +$43,458.46 (61 percent increase)
This biopharmaceutical facility is in N.C. Technical Park -- not to be confused with Research Triangle Park -- but is also outside the city.
OLD CATSBURG STORE
1110 Old Oxford Road
OLD VALUE: $48,502
NEW VALUE: $102,459
2007 TAX: $460.28
2008 TAX: $835.66
DIFFERENCE: +$375.38 (82 percent increase)
This abandoned country store is at the junction of Old Oxford and Hamlin roads. County taxes only.
2411 DEARBORN DRIVE
OLD VALUE: $77,661
NEW VALUE: $90,902
2007 TAX BILL: $1,127.63
2008 TAX BILL: $1,134.55
DIFFERENCE: + $6.92 (.6 percent increase)
Owners Igusta, 78, and James McEachern, 77, have lived in their three-bedroom, 1973 ranch-style home since it was built. Both are retired. Money is tight, so even $7 makes a dent, they said.
GLAXOSMITHKLINE OFFICE BUILDING
5 Moore Drive
OLD VALUE: $56,875,535
NEW VALUE: $51,874,531
2007 TAX BILL: $543,938.27
2008 TAX BILL: $432,737.34
DIFFERENCE: -$111,200.93 (20 percent decrease)
Located in Research Triangle Park, the pharmaceutical company pays only county taxes on its Durham facility. It will save money this year.
HILL BUILDING
111 N. Corcoran St.
OLD VALUE: $5,434,918
NEW VALUE: $4,365,433
2007 TAX BILL: $39,457.51
2008 TAX BILL: $27,242.48
DIFFERENCE: -12,215.03 (31 percent decrease)
Built in 1937, this downtown landmark known as the CCB or Suntrust building qualifies for 50 percent historic tax exemption.
THE STREETS AT SOUTHPOINT
6910 Fayetteville Road
OLD VALUE: $82,495,201
NEW VALUE: $168,959,889
2007 TAX BILL: $1,197,830.31
2008 TAX BILL: $2,108,788.37
DIFFERENCE: + $910,958.06 (76 percent increase)
The last time the county assigned property values was in 2001, a year before The Streets at Southpoint became the Triangle's shopping mecca.
351 W. MAIN ST.
OLD VALUE: $107,797
NEW VALUE: $315,197
2007 TAX BILL: $1,565.21
2008 TAX BILL: $3,933.97
DIFFERENCE: + $2,368.76 (151 percent increase)
The home, owned by William Coke and Kate Dobbs Ariail, is a former store and office building, but was changed to residential space in the late 1980s.
11 PINE TOP PLACE
OLD VALUE: $681,060
NEW VALUE: $806,677
2007 TAX BILL: $9,888.99
2008 TAX BILL: $10,068.14
DIFFERENCE: +179.15 (2 percent increase).
This four-bedroom, 3.5-bath house is the home of Ellen Reckhow, chairwoman of the county Board of Commissioners.
311 SHETLAND ROAD
OLD VALUE: $240,208
NEW VALUE: $304,236
2007 TAX BILL: $2,232.45
2008 TAX BILL: $2,426.84
DIFFERENCE: +$194.39 (9 percent increase)
This 2,300-square-foot Rougemont home, owned by Charles Dickerson and Cheryl Blanton, is just north of Red Mountain Road. County and fire-district taxes only.
2302 CAROLINE DRIVE
OLD VALUE: $138,361
NEW VALUE: $150,731
2007 TAX BILL: $2,009
2008 TAX BILL: $1,881.27
DIFFERENCE: +127.73 (6 percent increase)
This 2,000-square-foot split-level owned by Charlie and Ella Gaines is in western Durham, near Sparger Rd. and U.S. 70.
1108 N. MANGUM ST.
OLD VALUE: $199,351
NEW VALUE: $323,641
2007 TAX BILL: $2,894.58
2008 TAX BILL: $4,039.36
DIFFERENCE: +$1,144.78 (40 percent increase)
Owner Len Stanley, a real estate agent, has appealed her home's revaluation once, getting it knocked down more than $30,000 to its current value. But she's still fighting. "There's no equity," she said, comparing her home's value to neighboring ones that have sold recently for much less. "I want them to see the old radiators, and that my house doesn't have central air." Stanley met again with an appraiser this week, and is awaiting the outcome.
1417 S. ALSTON AVE.
OLD VALUE: $89,242
NEW VALUE: $90,675
2007 TAX BILL: $1,295.80
2008 TAX BILL: $1,131.71
DIFFERENCE: - $164.09 (13 percent decrease)
Owners Willie and Mary Cherry are retired and are raising their two grandsons, ages 8 and 10. The savings on their tax bill "will pay the gas bill or light bill," said Willie Cherry, a 70-year-old veteran. "It would mean a lot."
VENABLE TOBACCO
302 E. Pettigrew St.
OLD VALUE: $2,905,655
NEW VALUE: $8,669,412
2007 TAX BILL: $42,190.11
2008 TAX BILL: $108,202.93
DIFFERENCE: + $66,012.82 (156 percent increase)
This complex in downtown was mostly empty in 2001, when the county last assigned property values. The building underwent renovations beginning in 2004 and its first tenant moved in in 2006.
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