HomeMy WebLinkAbout20132055.tiffAugust 2, 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
PIKE MAURICE J
7233 CR 72
WINDSOR, CO 80550
RE: THE BOARD OF EQUALIZATION 2013, WELD COUNTY, COLORADO
DENIAL OF PETITIONER'S APPEAL
ACCOUNT NO.: R5588886
Dear Petitioner:
On August 02, 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 petition for appeal of the Weld County Assessor's valuation of your property
described above, for the year 2013.
The Board of Equalization found that the evidence presented at the hearing supported the 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. This decision is based upon the Board's analysis of the
written and oral testimony presented by both parties. Further that it is the Board's decision that
the taxpayer/did not present sufficient evidence to show that the value of the property was not
reasonably valued by the Assessor.
The Assessment and valuation of the Weld County Assessor was set as follows:
ACTUAL VALUE AS ACTUAL VALUE AS
DETERMINED BY ASSESSOR SET BY BOARD
$736,904.00 $732,575.00
cc Pei
2013-2055
AS0085
A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within
thirty (30) days of the date the denial is mailed to you. You must select only one of the
following three (3) options for appeal:
1. Appeal to Board of Assessment Appeals: You have the right to appeal the County
Board of Equalization's decision to the Colorado Board of Assessment Appeals. A hearing
before that Board will be the last time you may present testimony or exhibits or other evidence,
or call witnesses in support of your valuation. If the decision of the Board of Assessment
Appeals is further appealed to the Court of Appeals pursuant to C.R.S. Section 39-8-108(2),
only the record of proceedings from your hearing before the Board of Assessment Appeals and
your legal brief are filed with the appellate court.
All appeals to the Board of Assessment Appeals filed after August 10, 2013, MUST
comply with the following provisions of C.R.S. Section 39-8-107(5):
(5)(a)(I) On and after August 10, 2013, in addition to any other requirements under law, any petitioner
appealing either a valuation of rent -producing commercial real property to the board of assessment
appeals pursuant to section 39-8-108(1) or a denial of an abatement of taxes pursuant to section 39-10-
114 shall provide to the county board of equalization or to the board of county commissioners of the
county in the case of an abatement, and not to the board of assessment appeals, the following
information, if applicable:
(A) Actual annual rental income for two full years including the base year for the relevant property tax
year;
(B) Tenant reimbursements for two full years including the base year for the relevant property tax year;
(C) Itemized expenses for two full years including the base year for the relevant property tax year; and
(D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject
property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for
two full years including the base year for the relevant property tax year.
(II) The petitioner shall provide the information required by subparagraph (I) of this paragraph (a) within
ninety days after the appeal has been filed with the board of assessment appeals
(b)(I) The assessor, the county board of equalization, or the board of county commissioners of the county,
as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal
with the board of assessment appeals not more than ninety days after receipt of the petitioner's request,
the following information:
(A) All of the underlying data used by the county in calculating the value of the subject property that is
being appealed, including the capitalization rate for such property; and
(B) The names of any commercially available and copyrighted publications used in calculating the value
of the subject property.
(II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b)
shall redact all confidential information contained therein.
(c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this
subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the county may move
the board of assessment appeals to compel disclosure and to issue appropriate sanctions for
noncompliance with such order. The motion may be made directly by the county attorney and shall be
2013-2055
AS0085
accompanied by a certification that the county assessor or the county board of equalization has in good
faith conferred or attempted to confer with such petitioner in an effort to obtain the information without
action by the board of assessment appeals. If an order compelling disclosure is issued under this
paragraph (c) and the petitioner fails to comply with such order, the board of assessment appeals may
make such orders in regard to the noncompliance as are just and reasonable under the circumstances,
including an order dismissing the action or the entry of a judgment by default against the petitioner.
Interest due the taxpayer shall cease to accrue as of the date the order compelling disclosure is issued,
and the accrual of interest shall resume as of the date the contested information has been .provided by
the taxpayer.
Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board,
and must be mailed or delivered within thirty (30) days of the date the denial by the Board of
Equalization is mailed to you.
The address and telephone number of the Board of Assessment Appeals are:
Board of Assessment Appeals
1313 Sherman Street, Room 315
Denver, Colorado 80203
Telephone Number 303-866-5880
Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not
charged for the first two (2) appeals to the Board of Assessment Appeals. A taxpayer
represented by an attorney or agent must pay a fee of $101.25 per appeal.
OR
2. Appeal to District Court: You have the right to appeal the decision of the Board of
Equalization to the District Court of the /county wherein your property is located: in this case that
is Weld County District Court. A hearing before The District Court will be the last time you may
present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If
the decision of the District Court is further appealed to the Court of Appeals pursuant to C.R.S.
Section 39-8-108(1), the rules of Colorado appellate review and C.R.S. Section 24-4-106(9),
govern the process.
OR
3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you
choose this option, the arbitrator's decision is final and you have no further right to appeal
your current valuation. C.R.S. Section 39-8-108.5 governs this process. The arbitration process
involves the following:
a. Select an Arbitrator: You must notify the Board of Equalization that you will
pursue arbitration. You and the Board of Equalization will select an arbitrator
from the official list of qualified people. If you cannot agree on an arbitrator, the
District Court of the county in which the property is located (i.e., Weld) will select
the arbitrator.
b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60)
days from the date the arbitrator is selected, and are set by the arbitrator. Both
you and the Board of Equalization are entitled to participate in the hearing. The
hearing is informal. The arbitrator has the authority to issue subpoenas for
2013-2055
AS0085
witnesses, books, records documents and other evidence pertaining to the value
of the property. The arbitrator also has the authority to administer oaths, and
determine all questions of law and fact presented to him. The arbitration hearing
may be confidential and closed to the public if you and the Board of Equalization
agree. The arbitrator's decision must be delivered personally or by registered
mail within ten (10) days of the arbitration hearing.
c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by
you and the Board of Equalization. In the case of residential real property, the
fess may not exceed $150.00 per case. For cases other than residential real
property, the arbitrator's total fees and expenses are agreed to by you and
Board of Equalization, but are paid by the parties as ordered by the
arbitrator.
If you have questions concerning the above information, please contact me at (970) 336-7215,
Ext 4226.
Very truly yours,
c.ZkAlt,
Esther E. Gesick, Deputy Clerk
Weld County Board of County Commissioners
Cc: Christopher Woodruff, Weld County Assessor
2013-2055
AS0085
Weld County
CHRISTOPHER M. WOODRUFF COUNTY ASSESSOR
BRENDA DONES, DEPUTY ASSESSOR
VALUATION REPORT
OF
COMMERCIAL PROPERTY
FOR
Weld County Board of Equalization
PIKE MAURICE J
PETITIONER
VS.
WELD COUNTY ASSESSOR'S OFFICE
RESPONDENT
Parcel Number: 1313-10-1-00-019
Schedule Number: R5588886
Log Number: 7526
Date: 8/2/2013
Time: 09:15 AM
Board: CBOE
PREPARED BY
WADE J. MELIES
WELD COUNTY ASSESSOR'S OFFICE STAFF APPRAISER
ASSESSOR'S VALUE
COMMERCIAL $736,904
2013-2055
f4s"685
SALI ENT FACTSAND CONCLUSI ONS
Purpose of Appraisal
Property Rights Appraised
Location
Land Area
Property Type
Year Built
Quality
a ass
To determine Market Value as of 1/ 1/ 13 based on an
appraisal date of 6/ 30/ 12.
Unencumbered fee simple interest.
10571 1-25 FRONTAGE RD
WELD
128,938 Square Feet
Commercial
1- Office Building
2- Service Garage
3- Light Commercial Utility
4- Light Commercial Utility
1973 & 1992
Fair
Wood Frame
Number of Buildings 4
Number of Stories 1
Improvement Sq . Ft. 11,830
Value Indications:
Market Approach
Income Approach
Reconciled
$772,904
$732,575
$736,904
CBOECOMM 010998
Page 2
Neighborhood Map
TA Mc Donald's
drDURANGO'P,LT
li•.F.ORESTERfP'
• • iiiiiiii
Subiect
WC R.24_112
American
Warehouse
Furniture
CBOECOMM 010998
Page 3
Subject Aerial Map
The subject property is located in the southwest corner of 1-25 and Highway 119. The location is accessed
by the 1-25 West Frontage road. The Frontage road ends just south of the subject property. The subject has
very good visibility from 1-25. The subject is made up of 4 buildings that were built betwcon 1973 and
1992. Cur records do not indicate any remodels however buildings 1, 2, and 3 have boon joined together.
Buildings 1, 2, and 3 are in fair to average condition. Building 4 is more of a shed than building, it is in the
rear of the lot, used for storage, and does not have utilities. A portion of this building is open on one side
and has dirt floor. This building appears to have been neglected over the years. This building is considered
salvage, not included in the total square footage, and valued at $4,000 for this report. The subject property
is leased to a recreational vehicle dealership.
CBOECOMM 010998
Page 4
Photo of Bldg 1
Photo of Bldg 2
I
I
CBOE_COMM _010998
Page 5
Photo of Bldg 2 Rear View
Photo of Bldg 3
CBOE_COMM _010998
Page 6
Sketch of Bldg 1,2&3
45'
75'
%Me,ce by Pm IMIra "
Bldg 3
Light Commercial
1302.0 sf
28.5' 9.5'
15.5'
27.5'
Bldg 2
Service Garage Area
9070.0 sf
10'
125'
Total 11830.0 sf Canopy
216.0 sf
4
1' 13'
Bldg 1
Office
1458.0 sf
8' WH
14'
ri
13'
CBOE_COMM _010998
Page 7
Photo of Bldg 4
Sketch of Bldg 4
CBOE_COMM _010998
Page 8
COST APPROACH SUMMARY
The cost approach was considered but not completed. Buildings one and three were built in 1973 and
building two in 1992. The buildings have been maintained and are in average condition. For buildings
more than 15 years old it is difficult to accurately determine the amount of physical depreciation that
should be applied to the Cost Approach to value. For this reason the Cost Approach was not provided for
this analysis.
CBOECOMM 010998
Page 9
MARKET APPROACH SUMMARY
Real property for the tax year 2013 must be valued utilizing the level of value for the period of one
and one-half years immediately prior to June 30th, 2012. A period of five years immediately prior
to July 1, 2012 shall be utilized to determine the level of value if adequate data is not available from
such one and one-half year period to adequately determine the level of value for a lass of property.
Said level of value shall be adjusted to the final day of the data -gathering period. Changes occurring
between base years are not to be accounted for until the fol lowi ng level of value is implemented,
other than additions, change in use, detrimental acts of nature, damage due to fire, etc., creation of a
condominium, new regulations restricting or increasing the use of the land, or a combination
thereof {39-1-104(11)(b)(I),CRS}.
The comparable sales in this report were selected using county records, as wel l as the Multiple
Listing Services.
The Weld County Assessor's Office has verified that the comparable sales are arms -length
transactions based on review of the Real Property Transfer Dedaration, telephone or personal
confirmation interviews and physical inspections to confirm property characteristics at the time of
sale.
Three comparable sales where found and considered comparable to the subject property. The
comparabl es were adjusted for differences to the subject. These adj ust ments were for location and year
built. The adjusted sale prices develop a range from $61.70 to $66.61 dollars per square foot with the
average being $65.54.
Based upon investigation and analysis, it is the opinion of the appraisers that the value
of $65 per square foot accurately reflects the market value of the subject property.
VALUE AS INDICATED BY THE MARKET APPROACH
11,830 sq. ft. $768,950
Salvage Shed $4,000
Total $772,950
CBOECOMM 010998
Page 10
Comparative
Sales
Grid
PROPERTY
Subject
Comp 1
Comp 2
Comp 3
RV Sales Lot
Comments
Parcel#
Address
City
Grantor
Grantee
Sale Price
Sale Price PSF
VALUE
ADJUSTMENTS
Sale Date
Location
Land Size
L/B Ratio
Bldg SF
Number of Bldg
Age
Condition
NET
ADJUSTMENTS
Adjusted Sale Price
Adjusted Price PSF
RV Sales Lot
131310100019
10571 1-25
Frontage
Weld
RV Sales Lot
Light Mfg
131310101009
131310100047
130929000035
10633 W 1-25 Frontage
3690 Stagecoach Rd
13025 HWY 85
Weld
Weld
Ft. Lupton
HUD
R & L Taggart LLC
HOAD Inc
Draw Enterprises LLC
White John E
Gen III Enterprises LLC
$800,000
$950,000
$775,000
$68.99
$66.61
$56.09
DESCRIPTION
Average
128,938
10.90
11,830
4
72/92
Average
DESCRIPTION
Adjustment
DESCRIPTION
Adjustment
DESCRIPTION
Adjustment
12/10/2010
8/29/2011
11/10/2011
Average
Average
Inferior
10%
159,865
140,089
148,104
13.79
9.82
10.72
11,596
14,263
13,816
2
3
1
n/a
n/a
2005
-5%
67/ 73/ 92
1965
Average
Average
Average
-5%
0%
10%
$760,000
$950,000
$852,500
$65.54
$66.61
$61.70
Comparables Price / SF Range
Comparables Price / SF Median
Comparables Price / SF Average
$65 / sf selected
$61.70
$66.61
$65.54
$64.62
$768,950
CBOE_COMM 010998
Page 11
SALES COMPARABLE MAP
144,
'(ice _
I$TAGECOACM'RO 5
ftRrjflRrlt
'Ora UTTE'DR
II[ flat1: Q
il[ffar/f/ifr L.
W0URAAIGO'PL*OS
!IE ArRlftf a�
'!f jfTff/1rR!6
WORESTERrPi'�w�
srllIIIIII
al11flhsit
f>tlff.n rSitittiealker�/Il1e'w4
1 of
*ItV$IICer„
1 fflif" era
EBUT•TEC0RSnf
tuilittrlst'k1
FIRESTONE':vp
Comp 3
approx.
10 mi.
east
CBOECOMM 010998
Page 1
COMPARABLE SALE ONE
ACCOUNT NUMBER: R4201706
PRIMARY OCC: Service Garage
SECONDARY OCC: Showroom
ADDRESS: 3690 STAGECOACH RD WELD
RECEPT NUMBER: 3789194
100.0'
40.9'
Showroom
2484.4'
53.8'
•
low
20.0'
Parts
Sales c
?371.0' n
v •
of
ml
39.1'
Offices
2344.6'
49.2'
100.0'
First Floor 5200.0'
WH 14'
Class S
123A
760'
210'
Men'
Fan So'
210
Senxe Eafs
:3520'
0.1
Wash Dar
'552 T
sD
:j.1 Roo'
03.3'
1211'
COnciele
5742.C'
0
N
COUNTY: WELD
PARCEL NUMBER: 131310101009
PERCENT: 100.0%
PERCENT: 100.0%
SALE DATE:
GRANTOR: COLORADO HOUSING FINANCE AUTHORITY
GRANTEE: DRAW ENTERPRISES LLC ADJ SALE PRICE:
YEAR BUILT: 2005
EFFECTIVE AGE:
LAND SIZE (SF):
BLDG SIZE (SF):
WALL HEIGHT:
STORIES:
QUALITY:
159,865
11,596
20
1.00
Average
CLASS:
LAND/BLDG RATIO:
LAND VALUE:
IMPS PRICE/SF:
SALE PRICE/SF:
8/29/2011
SALE PRICE:
S800,000
S
13.7862
$639,461
$13.84
$68.98
S800,000
COMMENTS: Sale is the result of a foreclosure and resale. Price was negotiated from
an internal appraisal by HUD. Property had been vacant for several years and required
some repairs. Buyer has converted showroom area to offices. Property was a RV sales lot;
buyer is a landscape service company.
CBOE_COMM_010998
Page 2
200'
1000
Building 113
8000O
Class
Radiant Heat
Year Built 1492
7M 18'
b IA.
)25U::
155
16.0
011Kt
224U
Site, by keg IV Wddus"r
COMPARABLE SALE TWO
ACCOUNT NUMBER: R5589486
PRIMARY OCC: Equipment Building -Commercial
SECONDARY OCC: Retail Store
THIRD OCC: Service Garage
Eultg02
22&3.&
P2H:IAeted
Year Bmt 1073
net
10O
b
0
r•
10O
0
Corcrete
121230'
•
6\
Serrce Garage
b
3900.0'
Space Heat
(.0 IM41Q 52O
lUH 12
HVAC # §
tp 2400O e
500'
26Ub
w)I20
\ 38O
126 yt. Nonlife Rd.
b
N
2201
Bu62hgA1
8000O
Year Built1987
Class S
it h
ga:
6
. g 19 XIly UH Offee
SaEV0IN035
COUNTY: WELD
PARCEL NUMBER: 131310100029
PERCENT:
PERCENT:
PERCENT:
ADDRESS: 10633 W I-25 FRONTAGE RD WELD
RECEPT NUMBER: 3738236
GRANTOR: R & L TAGGART LLC
GRANTEE: WHITE JOHN E
YEAR BUILT: 1967, 1973, & 1992
EFFECTIVE AGE: Avg 18 yrs
LAND SIZE (SF):
BLDG SIZE (SF):
WALL HEIGHT:
STORIES:
QUALITY: Average
144,853
3 Bldg totaling 14,263
14
1.00
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
100.0%
62.0%
38.0%
CLASS:
LAND/BLDG RATIO:
LAND VALUE:
IMPS PRICE/SF:
SALE PRICE/SF:
12/10/2010
$1,000,000
$950,000
S
10.1558
$796,691
$10.75
$66.60
COMMENTS: Confirmed with Buyer, personel property include in sale was for farm
equipemnt and trucks. Buyer felt land was worth far more than the improvements. Property sold
11/19/12 for $1,064,000 or $74.59 per square foot.
CBOE_COMM _010998
Page 1
44
01/17/2012
COMPARABLE SALE THREE
COUNTY: WELD
ACCOUNT NUMBER: R5267286 PARCEL NUMBER: 130929000035
PRIMARY OCC: Indust Lght Manufacturing PERCENT: 80.0%
SECONDARY OCC: Office Building PERCENT: 20.0%
ADDRESS: 13025 85 HWY WELD
RECEPT NUMBER: 3806169
GRANTOR: HOAD INC
GRANTEE: GEN III ENTERPRISES LLC
YEAR BUILT: 1965
EFFECTIVE AGE: 20
LAND SIZE (SF): 148,104
BLDG SIZE (SF): 13,816
WALL HEIGHT: 16
STORIES: 1.00
QUALITY: Average
SALE DATE:
SALE PRICE:
ADJ SALE PRICE:
11/10/2011
$775,000
$775,000
CLASS: S
LAND/BLDG RATIO: 10.7197
LAND VALUE: $148,104
IMPS PRICE/SF: $45.37
SALE PRICE/SF: $56.09
COMMENTS: Buyer and seller are in the oil business. Seller had vacated property to new facilities
approximately one year prior to sale. Seller had three interested parties, buyer agreed to sellers price, no
appraisal, and was a cash transaction
CBOE_COMM_010998
Page 2
I NCOME APPROACH SUMMARY
The Weld County Assessor has appropriately considered the IncomeApproach to value for the aibject
property on appeal.
The Assessor has gathered income information from local commercial properties for the time frame of
January 1, 2011 through June 30, 2012. This information, combined with statewide and industry -wide
data, is used to determine typical income and expenses for various property types.
In condusion of the IncomeApproach, the Assessor has considered both groups of data and has put more
emphasis on the local factors and data than the state and national data. This information was then applied
to the subject property to arrive at an appropriate Income Approach Value.
On the following page is an Income Pro Forma for the subject property. The subject's actual income and
expenses were not provided. The subjects "reported" income and three comparable leases were used to
derive a market rental rate of $10.00 per square foot. A deduction for vacancy, management, replacement
and reserves was applied. A deduction for insurance and utilities was estimated. The resulting Net
Operating Income was capitalized using a market cap rate plus an allowance for property taxes. The
resulting indication of value is $61.60 per square foot.
TOTAL I NCOME VALUE FOR THE SUBJECT PROPERTY
11,830 sq. ft. $ 728,575
Salvage Sled $ 4,000
Total $ 732,575
CBOECOMM 010998
Page 3
Lease Comparable Grid
105711-25
Address Frontage W.
Weld
Fate
Type
Bldg Sc
Land S=
Yr Blt
1-25
Visibility
10500 E I-25
Frontage W.
Weld
10725 WI -25
Frontage W.
Weld
10765 Turner
Blvd
Weld
$4.05
$15.25
$18.80
$5.00
mod gross
11,830
128,938
1973
Yes
Range
Average
Income
Vacancy
EGI
Expense
Management
Feserves
Ins
Utilities
Total
NOI
Indicated Value
assmt
29.00%
mod gross
7,080
399,728
1977
Yes
$4.05 to $18.80
$10.78
est.
est.
Sze
11,830
10%
mill
0.086994
5%
3%
mod gross
4,466
104,700
1966
Yes
Rate
$10.00
Per sq. ft.
cap
9.00%
mod gross
5,760
48,000
1979
No
$118,300
$11,830
$106,470
$5,324
$3,194
$4,000
$10,000
$22,518
$83,952
$728,575
$61.59
Eff cap
11.52%
CBOECOMM 010998
Page 4
Lease Comparable Map
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,'•t,p canter•. l0'•�Q_22.yN.104• SB' 46 6'
CBOECOMM 010998
Page 5
CONCLUSION
Real property for the tax year 2013 must be valued utilizing the level of value for the period of one
and one-half years immediately prior to June 30th, 2012. A period of five years immediately prior
to lily 1, 2012 shall be utilized to determine the level of value if adequate data is not available from
such one and one-half year period to adequately determine the level of value for a dass of property.
Said level of value shall be adjusted to the final day of the data -gathering period. Changes occurring
between base years are not to be accounted for until the fol lowi ng level of value is implemented,
other than additions, change in use, detrimental acts of nature, damage due to fire, eta, creation of a
condominium, new regulations restricting or increasing the use of the land, or a combination
thereof {39-1-104(11)(b)(I),CRS}.
The subject property has been classified as Commercial Property for assessment purposes. Commercial
property value shall be determined by appropriate consideration of the Cost Approach, Market Approach,
and Income Approach to value. {39-1-103(5)(a) C. R. S.} The Assessor has considered all throe approaches to
value for the subject parcel on appeal.
FINAL RECONCILIATION
After consideration of the cost, market and income approaches, it isthe Weld County Assessor's opinion
that the value of approximately $62 per square foot or $736,904, most accurately reflects the value of the
subject property in Weld County for the 2013 tax year.
COST APPROACH MARKET APPROACH I NCOM E APPROACH
n/a
$772,950 $732,575
ASSESSOR'S VALUE
COMMERCIAL $736,904
CBOECOMM 010998
Page 6
APPRAI SAL STANDARDSAND ETHICS
CERT I Fl CAT I ON
I certify to the best of my knowledge and belief that:
The statements of fact contained in this report are true and correct.
The reported analyses, opinions and condusions are limited only by the reported assumptions and
limiting conditions and is my personal unbiased professional analyses, opinions and conclusions.
I have no present or prospective interest in the property that is the subject of this report, and I have no
personal interest or bias with respect to the parties involved.
My compensation is not contingent on an action or event resulting from the opinion or conclusions in, or
the use of, this report.
My analyses, opinions and conclusions were developed, and this report has boon prepared, in conformity
with the Uniform Standards of Professional Appraisal Practice.
No one provided significant professional assistance to the person signing this report.
I have made a personal inspection of the property that is the subject of this report.
zeye,
Wade JMel ies
Colorado Certified General Appraiser CG40036400
CBOECOMM 010998
Page 7
9;/s
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
R5588886
2013
2341
25107-D A PORTION OF SE4NE4 10 2 68 BEG E4
COR OF SEC THENCE W502 THENCE N ALONG
W R/W LN OF HWY 119' TO TRUE POB CONT
N320.7' M/L N89D55'W 400' M/L THENCE S320.7'
M/L THENCE E403' M/L TO TRUE POB
10571 1-25 FRONTAGE RD
WELD, CO 000000000
PROPERTY OWNER
PIKE MAURICE J
7233 CR 72
WINDSOR, CO 80550
PROPERTY CLASSIFICATION
ASSESSOR'S VALUATION
ACTUAL VALUE PRIOR TO
REVIEW
ACTUAL VALUE AFTER
REVIEW
COMMERCIAL
736,904
736,904
TOTAL
$736,904
$736,904
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:
CM05 - The law requires that all of 2011 and the first 6 months of 2012 data be used to establish
current values. We have considered all (3) three approaches to value in arriving at your current
valuation. We have denied your appeal based upon this data.
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.
WELD COUNTY
COMMISSIONERS
15-DPT-AR
PR 207-08/13
R5588886 17586
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 amount 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
y in tailed cost ;yra sa�%
�lv_ _
t,/ �a �ipsu2� t fT�Lt , .401
4757.8
ATTESTATION r r i A'''42.fritsidd1�
I, the undersigned owner or agent' tub of the property identified above, affirm that the statements contained
herein and on any attachments hereto are true and complete.
S- . ®/ q p d -77t7 1/7/#,I5
i rat Telephone Number Date
Email
602
1705 Attach letter of authorization signed by property owner.
P
Reg! .— �c
Address
5-DPT-AR
PR 207-08/13
88886 17586
QV
July 22, 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
PIKE MAURICE J
7233 CR 72
WINDSOR, CO 80550
Account No.: R5588886
Dear Petitioner(s):
The Weld County Board of Equalization has set a date of August 02, 2013, at or about the hour of
9:15 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the
Weld County Administration Building, Assembly Room, 1150 0 Street, Greeley, Colorado.
You have a right to attend this hearing and present evidence in support of your petition. The
Weld County Assessor or his designee will be present. The Board will make its decision on the
basis of the record made at the aforementioned hearing, as well as your petition, so it would be in
your interest to have a representative present. If you plan to be represented by an agent or an
attorney at your hearing, prior to the hearing you shall provide, in writing to the Clerk to the
Board's Office, an authorization for the agent or attorney to represent you. If you do not choose
to attend this hearing, a decision will still be made by the Board by the close of business on
August 5, 2013, and mailed to you on or before August 12, 2013.
Because of the volume of cases before the Board of Equalization, most cases shall be limited to
10 minutes. Also due to volume, cases cannot be rescheduled. It is imperative that you
provide evidence to support your position. This may include evidence that similar homes in your
area are valued less than yours or you are being assessed on improvements you do not have.
Please note: The fact that your valuation has increased cannot be your sole basis of
appeal. Without documented evidence as indicated above, the Board will have no choice but to
deny your appeal.
If you wish to obtain the data supporting the Assessor's valuation of your property, please submit
a written request directly to the Assessor's Office by fax (970) 304-6433, or if you have questions,
call (970) 353-3845. Upon receipt of your written request, the Assessor will notify you of the
estimated cost of providing such information. Payment must be made prior to the Assessor
providing such information, at which time the Assessor will make the data available within three
(3) working days, subject to any confidentiality requirements.
AS0085
PIKE MAURICE J - R5588886
Page 2
Please advise me if you decide not to keep your appointment as scheduled. If you need any
additional information, please call me at your convenience.
Very truly yours,
BOARD OF EQUALIZATION
Esther E. Gesick
Deputy Clerk to the Board
cc: Christopher Woodruff, Assessor
AS0085
BOE SUMMARY SHEET
Account Number: R5588886
PIKE MAURICE J
7233 CR 72
WINDSOR, CO 80550
HEARING DATE: August 2, 2013, AT 9:15 AM
HEARING ATTENDED?
AGENT NAME:
N)
APPRAISER NAME: WJM
NAME:
UV(fZGCX-4
DECISION
ACTUAL VALUATION
APPROVE BY
ASSESSOR
SET BY
BOARD
TOTAL ACTUAL VALUE
$736,904.00
7:547,525', Dv
COMMENTS:
MOTION BY Lk' TO
SECONDED BY s�
Failed to prove appropriate value
No comparables given
Assessor's value upheld
Other:
re -set iIo/ nt,'on % e7Sg s7s: pp
Conway --
Freeman --
Rademacher -- N)
Garcia -- Y N)
RESOLUTION NO. 2013-2055
M:\CBOE\Letter Templates\Summary Sheet.docx
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