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Home My WebLink About20132086August 8, 2013 CLERK TO THE BOARD PHONE (970) 336-7215, EXT 4226 FAX (970) 352-0242 WEBSITE: www.co.weld.co.us 1150 O STREET P.O. BOX 758 GREELEY CO 80632 FULCO FAMILY TRUST 207 ELBROOK DRIVE NATRONA HEIGHTS, PA 15065 RE: THE BOARD OF EQUALIZATION 2013, WELD COUNTY COLORADO APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR ACCOUNT NO.: R1773802 Dear Petitioner: On August 01, 2013, the Board of County Commissioners of Weld County Colorado convened and acting as the Board of Equalization, pursuant to C.R.S. Section 39-8-101 et seq., considered your request to approve and adopt a valuation of your property arrived at by a Stipulation between you and the Weld County Assessor, for the year 2013. The Board of Equalization found that the evidence presented at the hearing supported the stipulated value placed upon the above -described property as set forth below. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated by law. ACTUAL VALUE AS STIPULATED VALUE DETERMINED BY ASSESSOR APPROVED BY BOARD $305,000.00 $287,166.00 The above 'Stipulated Value' is the value which will be used in the calculation of your property taxes for 2013. This value is not appealable. If you have questions concerning the above information, please call me at (970) 336-7215, Ext. 4226. Very truly yours, Esther E. Gesick, Deputy Clerk • Weld County Board of County Commissioners Cc: Christopher Woodruff, Weld County Assessor 2013-2086 AS0085 COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R1773802 S"T"IPULATION (As To Tax Year 2013_ Actual Value) RE PETITION OF : CBOE Appeal NAME: Fulco Family Trust ADDRESS: 207 Elbrook Dr. Natrona Heights, PA 15065 Petitioner and the Weld County Assessor hereby enter into thisStipulation regarding the tax year 2013 valuation of the subject property, and joiutlymave the Board of Equalization to enter its order based on this. Stipulation. Petitioner and Assessor agreeand stipulate as follows: 1. The property subject to this Stipulation is described as:, L3 BLK2 Vista Ridge FO IL 2. The subject property is classified as Resideentiai property. 3. The County Assessor originally assigned the following actual value, to the subject property for the tax year 2013: Total $305,000.00 4. After further review and negotiation, Petitioner (s) and Weld. County Assessor agree to the following tax year 2013 actual value for the subjeet:property; Total $287,166.00 5. The valuation, as established above, shall be binding only with . respect.. to tax year 2013, r t 's'eeZ rnA «s 'Da ) !7f tq l -t' ,. •Fi2c►1c. Ina . atuets-tceocr2-- ki3 ow et F'F Via" --1- iwttom is Fore-. 2eat4 Wr. Uv�2 ooCz�F e. .. 6. -liner narrative as to why the reduction was made: , 1 Value reduced after analysis of market comparables. 7. Both parties agree that: A hearing.has not yet been scheduled before the Board of Equalization. R1773802 2013-2086 DATED this 19th day of July, 2013. I etitioner(s) or AVant or Attorney (Assis nt) County Attorney for , n w - 1-1-s Respondent, Weld County Board of v0.t,cl (-1,e -ep -ao t Commissioners - Address: Address: 5`7 z-f3izo o ` - QY f ?A- /6, (Greeley, CO 80632 Telephone: ?z't `LZ`E t , Docket Number Stip-1.Frm R1773802 1150 "O" Street P.O. Box 758 Telephone:(970) 336-7235 County As essor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 2 NOTICE OF DETERMINATION Christopher M. Woodruff Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 ACCOUNT NO: TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R1773802 2013 3520 ERI 1LVR L3 BLK2 VISTA RIDGE FG 1L 2699 FORSYTHIA CT ERIE, CO 000000000 PROPERTY OWNER FULCO FAMILY TRUST 207 ELBROOK DRIVE NATRONA HEIGHTS, PA 15065 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW RESIDENTIAL 341,131 305,000 TOTAL $341,131 $305,000 The Assessor has carefully studied all available information, giving particular attention to the specifics included on your protest. The Assessor's determination of value after review is based on the following: AL02 - The actual valuation of your property has been adjusted based on new information. This may be information you have supplied, corrections of characteristics or additional sales which we have uncovered during the appeals process. If you disagree with the Assessor's decision, you have the right to appeal to the County Board of Equalization for further consideration, § 39-8-106(1)(a), C.R.S. The deadline for filing real property appeals is July 15. The Assessor establishes property values. The local taxing authorities (county, school district, city, fire protection, and other special districts) set mill levies. The mill levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers. The local taxing authorities hold budget hearings in the fall. If you are concerned about mill levies, we recommend that you attend these budget hearings. Please refer to last year's tax bill or ask your Assessor for a listing of the local taxing authorities. Date of Notice: 6/27/2013 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM Please refer to the reverse side of this notice for additional information. RECEIVED JUL 1 7 211i3 WELD COUNTY COMMISSIONERS 15 -OPT -AR PR 207-08/13 R1773802 18307 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 1400 N 17 AVE. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 1150 O Street, P.O. Box 758 Greeley, CO 80631 Telephone: (970) 356-4000 ext, 4225 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property — after such date, your right to appeal is lost. You may be required to prove that you filed a timely appeal; therefore, we recommend that all correspondence be mailed with proof of mailing. You will be notified of the date and time scheduled for your hearing. The County Board of Equalization must mail a written decision to you within five business days following the date of the decision. The County Board of Equalization must conclude hearings and render decisions by August 5, § 39-8-107(2), C.R.S. If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal, you must file an appeal with the Board of Assessment Appeals by September 12, § 39-2-125(1)(e), C.R.S. If you are dissatisfied with the County Board of Equalization's decision and you wish to continue your appeal, you must appeal within 30 days of the date of the County Board's written decision to ONE of the following: Board of Assessment Appeals District Court 1313 Sherman Street, Room 315 Contact the District Court in the County Denver, CO 80203 where the property is located. See your (303) 866-5880 local telephone book for the address and www.dola.colorado.qov/baa telephone number. Binding Arbitration For a list of arbitrators, contact the County Commissioners at the address listed for the County Board of Equalization. If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, § 39-1-120(3), C.R.S. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2012? (Your opinion of value in terms of a specific dollar aunt is required for real property pursuant to § 39-8-106(1.5), C.R.S.) What is the basis for your estimate of value or your reason for requesting a review? (Please attach additional sheets as necessary and any supporting documentation, i.e., comparable sales, rent roll, original installed cost, appraisal, etc.) 1 et A-j(ACI E0 4 e77E R AFPC1 L To W to C,,.tM Y 1Aj a ACC) Or t� o flu b -k / oa 'Darla Sall 2O17 C -L -on 2e-5 4k- { -4I 2.. I ATTESTATION I, t' undersigned owner or agent' of the property identified above, affirm that the statements contained e i and on any attachments hereto are true and complete. 5t tDrk c7 nti-77(t-634—io—go I5 hone Number Signature Telephone p rek��o ev-` -L3b1 En1W. 758 Attach letter of authorization signed by property owner. Date Address 15-DPT-AR PR 207-08/13 R1773802 18307 Appeal To Weld County Board Of Equalization July 10, 2013 Weld County Board OF Equalization 1150 O Street, P. O. Box 758 Greeley CO 80631 Re :Subject Property. ( parcel Number 1467-33-3-04-003) (Account R1773802) Dear Sirs: I am appealing the Y2013 $305,000. Assessment, (Notice Of Determination),on the Subject Property, for the following reasons: 1.My inspection of, the Sales Comparables Market Adjustment Grid used raises several questions: Comps #2, #5 and #6 are in a different Sub -Division than the Subject Property. Comp#2 has 4 Bedrooms, 2243 sq ft vs. 1890 in Subject Property, a larger Garage, has a Sunroom and a Terrace, yet only $305, $900. Adjusted Sales Price. vs. $305,000 for Subject Property Comp #3 shows $338,734 Adjusted Sales Price but assessed only at $284,882. Comp #5 has a Terrace on Back of house, has a Adjusted Sales Price of $300,885 but assessed at only $290,752 for Y2013 Comp #6 is a Split Level, not a comparable property. The Land Value used for the Subject Property should be $71,470, (using the agreed to Value in 2011 increased by 8.3% in keeping with the general increase in all Land Values), rather than $81,250.. Sales for properties in Account R1779502, (Sold on 4/26/12, for $282,000) and in Account R1776002, (sold on 1/08/11 for $270,000.) were not included. in the Grid 2013 assessments for each are $274,862 and $290,857 respectively. 2. Regarding the Land Value of $81,250 that was used by the assessor for 2013, one of the rationales is that the Subject Property is "on the Golf Course" and the views are very desirable. This very subjective. I submit that use of "one size fits all" is not appropriate when determining Land Values. Page 1 Appeal To Weld County Board Of Equalization July 10, 2013 Subject Property is not "on the Golf Course", but abuts a fence line which separates the Subject Property from the Golf Course. I submit that not all properties abutting the Golf Course have the same view. The Subject Property faces West and faces out onto Forsythia Court. The back of the house faces East and looks into neighbors backyard. Looking South from the fence line, the view is of weeds between the fence line and the Golf Course Proper. Beyond that are tee boxes, a Golf Cart path on a hillside of grass, a Day Care Center, two roads running East to West (Ridge Road and Highway 7. Mountain View Blvd runs North and South and a "Stop and Go" gas station. not a particularly spectacular view. Whereas, several properties such as Comp # 2 are at a higher elevation and the back of the properties face South -to the Golf Course, thus a different and perhaps more desirable view. 3. The determination of the Value of Improvements appears to be very subjective and arbitrary. The Subject Property has undergone no changes or improvements since it was purchased in 2009. To our knowledge, no improvements have been made after it was built and sold. 4. The relationship between Adjusted Sales Price and Assessment for a given property? is not clear to me. 5... Going back to the Land Value of $66,000.agreed to in 2011increased by 8.3% to $71,740. for the Subject Property and if we use the average assessment increase of the 5 properties shown on Enclosures #'s 1 & 2 ,namely 3.03%, when applied to $275,000. Thus Improvement Value increases from $209,000 to $211,593 plus $71,740 Land Value The Final Market Value becomes $283,333. This is what I believe to be a fair Market Value for the period 1/01/2011 thru 6/30/2012 for the Subject Property., (parcel # 1467-33-3-04-003). One additional comment concerning the Golf Course Property. The assessment for Y2013 was lowered from $6,550,000 to $4,550,000. This makes one wonder about whether or not the residential property owners are being levied in order to off set this loss in revenue for the taxing bodies. R Spectfully submitted for your consideration c p —t Leonard� JFulco Trustee for The Fulco Family Trust Enclosures # 1 & #2 Page 2 'eld County Colorado ht1p://www.co.weld.co.us/apps/assessor/sales_data/ivdexc A2 Search WELD COUNTY COLORADO Weld County Colorado }i., Home ? About j Departments Services 1 Contact Us Property Information Weld County Colorado Improved Property Sales Search Green highlighted sales are possible sales used to set the 2013-2014 values. Sales must be in the date range of January 1st, 2011 - June 30th, 2012._ _ 06/20/12 $324,000.00 3854805 R1773402 146733303015 04/26/12 $282,000.00 3841461 R1779502' 146733207007 11/29/11 $265,000.00 3809670 R1775902 .146733305006 07/18/11 $280,000.00 3780972 R1772902 146733303010 01/08/11 $270,000.00 3770123 R1776002 146733305007 innp :wed Land Property Search (I Vacant Property Search C µ e>A Z 1- 4 Copyright © 2009 Weld County, Colorado. All rights reserved. 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