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Home My WebLink About20112163.tiff cfe0 CLERK TO THE BOARD PHONE (970) 336-7215 EXT 4226 FAX: ( T) 352-0242 915 10TH STREET STREET P.O. BOX 758 GREELEY, COLORADO 80632 COLORADO August 12, 2011 TROTTA FRANK 2624 WHITE WING RD JOHNSTOWN, CO 80534 Parcel No.: 105920427001 Account No.: R4375006 Dear Petitioner(s): Based upon information furnished to the Weld County Board of Equalization, we understand that you have withdrawn the petition challenging the valuation of the above Account number. Please be informed that a withdrawn petition precludes any further challenge to the valuation of the above Account number for this assessment period. Therefore, the Board of Equalization took no action on your petition and the assessed value remains as set by the Assessor. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2011-2163 CellitTr/e//e 4'-/ z-.7l// AS0079 NOTICE OF DETERMINATION Christopher M. Woodruff Date of Notice: 6/22/2011 Weld County Assessor Telephone: (970) 353-3845 or (720) 652-4255 1400 N 17th Ave Fax: (970) 304-6433 Greeley, CO 80631 E-mail: appeals@co.weld.co.us www.co.weld.co.us Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R4375006 2011 0568 JOH 4SF L1 BLK 1 STROH FARM FG #4 JOHNSTOWN 000000000 2624 WHITE WING RD,JOHNSTOWN z TROTTA FRANK O 2624 WHITE WING RD y JOHNSTOWN,CO 80534 r x cc a O a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW RESIDENTIAL 336,590 308,736 TOTAL $336,590 $308,736 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 deadline for filing personal property appeals is July 20. 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. Please refer to the reverse side of this notice for additional information. 2011-2163 APPEAL PROCEDURES i r County Board of Equalization Hearings will be held from July 1 thrgtigh August 5 ' at 915 10th Street, Greeley, CO To appeal the Assessor's decision, complete the Petition to the County Boitrdiaf k uaftzaHorf`: shown below, and mail or deliver a copy of both sides of this form to: Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 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 and on or before July 20 for personal 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 9th Avenue and 9th Street Denver, CO 80203 P.O. Box C (303) 866-5880 Greeley, Colorado 80632 www.dola.colorado.gov/baa (970) 356-4000 Ext. 4520 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, 2010? (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.) $ a43S, 3OO 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, .a: .comparable sales, rent -roll, -- original installed cost, appraisal, etc.) / Pie h.se 5c.- /`I11.iteL (J Ai&. AAA 15;S A4LCLei^-' A (z-) (SO V o�C 4Nw( el" `Y`t OlocIr fob cL,ov'.5 co otos_ L..,_04,4 �q 45'fG 5 z s, </c c, oon_ t$ -22 - Z o i 1. 541".e A't.5c D014-1,i-1t. J a.v.Fr ?vale.), ATTESTATION J J I, the undersigned owner or agent' of the property identified above, affirm that the statements contained h ein and oA tta on attach nts hereto are true and complete. a^-( (303 883 -47-Yen 7-/S- 2O11 Signat re (f` Telephone Number / Date i�Avccl It /55 92° 5121 004 0 ( cc g,..fk-a- R`137Stoo(a 15-OPT-AR PR 4n/� R Q 84375706 710337 -08/11 4,U.-F v - j I v0f k.r 2(02`-f G� l1r -te . n� Coln s7a Co o 5 3 c}- ' Attach letter of authorization signed by property owner. „r "..- , S 2624 WHITE WING ROAD,JOHNSTOWN,CO 80534 PURCHASE INFORMATION Date of Purchase 20-Aug-11 Purchase Price $350,000 Additional Information Purchase price included an allowance for AC,landscaping,sprinkler&fencing. The home has average upgrades including hard wood cabinets and flooring,however it does not have tile flooring or other significant upgrades. So in general it is fair to compare this property to other recenetly sold homes that were built by Ryland Homes ZILLOW SALES DATA APPROACH This estimate of value is based on the original purchase price of the home and then applying the increase or decrease values for the 80534 area code. Obviously there is no better comparable than the subject property itself,and the assessment characteristics have remained the same since the original purchase date. Estimate of Value $292,300 COMPARABLE SALES DATA APPROACH This estimate of value is based on the sales data for the assessment period based completely on homes in the Pioneer Ridge neighborhood. Although there are several comparable sales,the estimate of value is made somewhat more difficult because the developer had discontinued sales for the ranch model like the subject property,as well as the fact that are only a few ridge lot sale comparables. The calculation attempts to isolate the ridge lot value over and above a standard lot value. To do this comparable sales were compared with and without the ridge lot premium. The analysis does not attempt to identify other house premiums with the assumption being that similar premiums were added to both ridge and non-ridge lots alike. Given the large number of sales this assumption should not significantly impact the analysis negatively. Also there were two large ranch sales without the ridge lot premium,so those values were used to represent the value of the home without the ridge lot premium. Finally there was no attempt in this analysis to change values based on the month in which a comparable sale occurred. Even with the volitile market conditions,there is just not enough reliable data to make assumptions about month to month chnages in value. Estimate of Value $284,300 FINAL ESTIMATE OF VALUE While the two estimates are fairly close,we believe the Comparable Approach is far more accurate. So as such our final estimate of value is as followsL Land $54,000 $31,400 $85,400 Improvement Value $93.22 2144 L22,2O Total Estimate of Value $285,300 2624 WHITE WING ROAD,JOHNSTOWN,CO 80534 ZILLOW MARKET VALU APPROACH PURCHASE INFORMATION Date of Purchase 20-Aug-11 Purchase Price $350,000 Additional Information Purchase price included an allowance for AC,landscaping,sprinkler&fencing. ZILLOW SALES DATA All Zillow data unless otherwise noted is based on the area code 80534: Zillow Zillow Zillow Date Ave Price PSF %Change Value 9/1/2008 Purchase Date $192,000 $97.00 $350,000 1/1/2009 Assessment Date-Begin $210,000 $91.00 -6.2% $328,400 7/1/2010 Assessment Date-Ending $205,000 $81.00 -16.5% $292,300 1/1/2011 (note:info only not $188,000 $87.00 -10.3% $313,900 used in calculations) COMPARABLE SALES DATA APPROACH TWO STORY ANALYSIS Sale Date Sales Price PSF Built SF Type Street Address Ridge 12/14/2009 $232,500 83.45 2009 2786 Two Story 2743 White Wing No Ridge 5/27/2010 $236,700 85.57 2010 2766 Two Story 2767 White Wing No Ridge 9/17/2009 $255,000 92.46 2006 2758 Two Story 375 Saxony No Ridge 7/30/2009 $260,000 94.27 2009 2758 Two Story 2671 Pochard No Ridge 8/28/2009 $262,500 94.22 2009 2786 Two Story 2683 Pochard No Ridge 8/14/2009 $263,000 94.40 2009 2786 Two Story 2719 White Wing No Ridge 3/27/2009 $280,000 100.50 2008 2786 Two Story 102 Plover No Ridge 12/17/2009 $283,000 102.09 2009 2772 Two Story 2664 Pochard No Ridge 12/11/2009 $290,900 104.94 2009 2772 Two Story 2682 Pochard Ridge 5/11/2009 $294,900 106.85 2007 2760 Two Story 223 Muscovey No Ridge 2/28/2009 $299,000 107.25 2008 2788 Two Story 238 Bittern No Ridge 3/19/2010 $321,900 115.13 2009 2796 Two Story 2676 Pochard Ridge No Ridge Lots $2,666,600 96.11 27746 Ridge Lots $612,800 110.06 5568 Total $3,279,400 98.44 33314 Add Value of the Ridge Lot 110.06 - 96.11 x 2775 $38,800 RANCH ANALYSIS Sale Date Sales Price PSF Built SF Type Street Address Ridge 3/11/2010 $219,300 120.89 2009 1814 Ranch 171 Bittern No Ridge 11/12/2009 $221,200 121.94 2009 1814 Ranch 172 Bittern No Ridge 4/12/2010 $241,990 133.40 2009 1814 Ranch 190 Bittern No Ridge 5/14/2010 $251,100 138.42 2010 1814 Ranch 2755 White Wing No Ridge 2/13/2009 $252,000 138.92 2008 1814 Ranch 2677 Pochard No Ridge 10/30/2009 $252,000 138.92 2009 1814 Ranch 2737 White Wing No Ridge 6/29/2009 $255,000 140.57 2009 1814 Ranch 2707 Pochard No Ridge 9/28/2009 $255,000 117.30 2008 2174 Ranch+ 85 Plover No Ridge 2/11/2010 $257,800 142.12 2009 1814 Ranch 2670 Pochard Ridge 8/14/2009 $260,000 118.61 2006 2192 Ranch+ 247 Muscovey No Ridge 3/18/2010 $273,700 150.88 2009 1814 Ranch 2712 Pochard Ridge No Ridge Lots $1,692,590 133.30 12698 Ridge Lots $531,500 146.50 3628 Ranch+ $515,000 117.96 4366 Total $2,739,090 132.37 20692 Add Value of the Ridge Lot 146.50 - 133.30 x 1814 $24,000 SUMMARY Average Value of Ridge Lot(using both ranch and two story calculations) $31,400 Ranch+ 117.96 x 2144 $252,900 Total Actual Value $284,300 Identify Results Page 1 of 1 Parcel Valuation Account#: R4375006 Parcel#: 105920427001 Owners Name&Address: Property Address: TROTTA FRANK Street: 2624 WHITE WING RD JOHNSTOWN 2624 WHITE WING RD City:JOHNSTOWN JOHNSTOWN, CO 80534 Additional Owners: TROTTA LINDA M Business/Complex: Legal Description I JOH 4SF Ll BLK 1 STROH FARM FG#4 JOHNSTOWN 000000000 Land Value $108,000 Land Assessed Value $8,600 Imor. Value $228.590 Impr. Assessed Value $18,200 Total Value $336,590 Total Assessed Value $26,800 71 , S Tax Area: 4ste 5$N' GSJ K.5L142 -rig 308, 73` Bordering County: Township Range Section Quart.Sec. Subdivison Name Block#Lot# 04-67 - 20-4 STROH FARM FG #4- 1 - 1 • Land Subtotal: . Sale Price Sale Date Deed Type Reception# $350,000 8/20/2008 WD 3574065 http://maps2.merrick.com/W ebsite/Weld/setSgl.asp?emd=QUERY&DET=Parcel&pin=10.. 5/27/2011 • July 15, 2011 Weld County Board of Equalization 915 10th Street P.O. Box 758 Greeley,CO 80632 Frank Trotta 2624 White Wing Rd Johnstown, CO 80534 2624 WHITE WING ROAD,JOHNSTOWN,CO 80534 Parcel#: 105920427001 Account It: R4375006 Please use this letter as authorization for Norman R Marsh to represent the property noted above concerning the appeal of valuation with the Board of Equalization. Sinature: Frank Trotta • O N m W o h O N mN O 11 m > o 'LL O no DO � a ot.rh4 nn®® O vCC Nu. ` i amo S ',Ks, c, N o ooh .-- r h 3' N Q? \K1 x r_r fil 4 r1 0 o N) q \9 ai 4 0 J v p u N., 1O L V c M t 0 ir p QO U t • Norm Marsh ... Chief Financial Officer/Broker S. 390 Union Boulevard, Suite 580 tLa 0 V Lakewood, Colorado 80228 �J (303) 980-0500 x107 Fax: (303)980-1652 email: nmarsh@geneseecommercial.com fia41/1 all-42-2 X5O0 49z/325666 (&);Md/1460 Hello