HomeMy WebLinkAbout20112005.tiff 4 CLERK TO THE BOARD
iptPHONE (970) AX: (915, Ext.352 4226
FAX: (970) 3 STREET
1150 O STREET
P. O. BOX 758
IGREELEY, COLORADO 80632
C.
COLORADO
August 26, 2011
RICE TOMMY F
605 COUNTY ROAD 7
ERIE, CO 80516
RE: THE BOARD OF EQUALIZATION, 2011, WELD COUNTY, COLORADO - STIPULATE
PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE
DESCRIPTION OF PROPERTY: ACCOUNT#: R6777778 PARCEL#: 146733100003- PT NE4
33 1 68 BEG W2527.03' FROM SE COR NE4SE4NE4 STRIP OF LAND 128.17' WIDE AND
663.67' DEEP IMMEDIATELY WEST OF N664.20' E317.47' S664.22' W315.87' TO POB PER
REC#3634678
Dear Petitioner:
On July 26, 2011,the Board of County Commissioners of Weld County, Colorado, convened,
and acting as the Board of Equalization, pursuant to Section 39-8-101, C.R.S., et.seq., considered
the Stipulation on your petition of appeal of the County Assessor's valuation of your property
described above, for the year 2011.
The Stipulation was entered into between the Assessor and said petitioner(s), and accepted
by the Board of Equalization, agreeing that the assessment and valuation of the Weld County
Assessor be Stipulated as follows:
ACTUAL VALUE AS ACTUAL VALUE
DETERMINED BY AS STIPULATED
ASSESSOR
$30,578 $25,000
2011-2005
eC.'/Z7"/ ier/0z-7-(2e Ater) a O// AS0079
RICE TOMMY F - R6777778
Page 2
If you have questions or need additional information, please do not hesitate to contact me at
(970) 336-7215, Extension 4226.
Very truly yours,
V /
Esther E. Gesick
Deputy Clerk to the Board
cc: Christopher Woodruff, Assessor
2011-2005
AS0079
07/20/2011 11:19 FAX 9703046433 WELDCOCNTIASSESSOR Z002/005
2011
COUNTY$A41RI3 QF EQUAyZATI9N... ,,:-,
WELD COLIN*
ASS SSOR'S ACCOUNT NUMB R-RB7a7777$. •
STIPULATION (As To Tax;Year .2071 Victual Value)
RE PETITION OF :
NAME: Tommy& Sandra Rice
ADDRESS: 605 CR 7
Erie, CO 80516
- * «
Petitioner(s), Tommy&Sandra Rice and the Weld County Assessor, hereb enter
into this Stipulation regarding the tax year 201-1 valuation of the subjeci rope and
jointly move that the Board of Equalization to enter its order based on this Stipulation.
Petitioner(s) and the Assessor agree and stipulate as follows:
1. The property subject to thja,Stutptionj rib p da ed as
PT NE4 33 1 88 ` a ;'
2. The subject property is classified as Re$jdential-Land',,;
property
3. The County Assessor originally asslgned•thtfollowII' atatwal value to the subject
property for tax year 2011.
Land $ 30.57$
Improvements 0
Total $ 30.57$
4. After further review and negotiation,the petitioner(s) and Weld County Assessor
agree to the following actual value for the subject property.
Land $ ;5.000
Improvements$ 0_
Total $ 25.000
2011-2005
07/20/2011 11:19 FAX 9703046433 WELDCOCVTY'ASSESSOR 003/00:/
5. The valuations, as established above, shall be binding only with respect to tax
year 2011. '
6. Brief narrative as to why the reduction was made: Value was adjusted based
upon the general market prices per sq. ft. that were in place in the base period,
additionally the income was considered as backup for the market.
7. Bath parties agree that the hearing scheduled before the Weld County Board of
-Equalization on DATE at TIME-am be vacated; or, a he not yet
been scheduled before the Board _of Equalization x (check if
appropriate):
DATED this 20th day of J, 2011.
P titioner(s) or Attorney Petitioner(s) or Attorney
Address: Address:
(ooh c-J c2
CAD app'(
Telephone: 3v3 Uoc(O55.O1 Telephone:
County Ass sso
Address:
1400 N.17th Avenue
Greeley, CO 80631
(970) 353-3845 ext. 3656
•
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
R6777778 2011 2390 PT NE4 33 1 68 BEG W2527.03' FROM SE
COR NE4SE4NE4 STRIP OF LAND 128.17'
WIDE AND 663.6T DEEP IMMEDIATELY
w RICE TOMMY F
z WEST OF N664.20' E317.47' S664.22'
o 605 COUNTY ROAD 7 W315.87'TO POB PER REC#3634678
F ERIE,CO 80516 ,WELD
cc
a
O
cc
ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER
REVIEW REVIEW
RESIDENTIAL 30,578 30,578
TOTAL $30,578 $30,578
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:
AL01 - Your property has been uniformly valued following Colorado law. Your protest of value
has been denied due to comparison of other similar properties which sold during the 2009/2010
time period.
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.
APPEAL PROCEDURES
County Board of Equalization Hearings will be held from July 1 through August 5
at 915 10th Street, Greeley, CO
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
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.ciov/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 pur u n to § 39-8-106(1.5), C.R.S.)
$ %-�- K.3 s3gogc, ce.)--h.-,t & 'w
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.)
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ATTESTATION
I, the undersigned owner or agent' of the property identified above, affirm that the statements contained
her in and on any attachments hereto are true and complete.
Si nature Telephone Number Date
15-DPT-AR
PR 207-08/11
R6777778 12233
' Attach letter of authorization signed by property owner.
•
Affiliated Property Brokers
of Boulder, Inc.
Phone:303 444 8116
Far:303 444 4242
6034 Scotswood CT.
Boulder, Co.
80301
To : Sandy Rice
Marc Wishner- Broker
RE: Market Analysis 3/18/2010
605 WCR 7
Erie, Co. 80516
Dear Sandy,
Thank you for the opportunity to evaluate the home at 605 WCR 7. As you arc aware, conditions
in the Erie market have deteriorated over the past year with many homes either going through fore-
closure, short sales or being sold as"Real Estate Owned" from banks. Although we are seeing some
improvement in sales with the many distressed homes selling at a discount, the 80516 zip code cur-
rently has 99 foreclosure actions documented on Realist including 45 already bank owned properties.
In evaluating the marketability of the home the most recent sales confirm a downward trend. A
sale last June for 3382 WCR 16 had a 2488 sq. ft. home on almost 5 acres at$218.900 with seller
paid closing costs of$6567. A closer and more recent sale at 4523 County Line Rd. has a much
larger home of 3516 Sq. Ft. on 12.48 acres selling at $251,000. This home was a moderate "fixer
upper" but featured a 2400 sq. ft. barn. In Addition, several "fixer upper" Brownsville homes nearby
( but in a more desirable location) have sold for$185,000 or arc under contract for$215,000 or less.
Your home shows by county records to be 2180 sq. ft. with a 728 sq. ft garage on 2 adjoin-
ing parcels totaling approximately 7 acres. The home needs a significant amount of repair work on
foundation, structure, systems and interior to be habitable and sellable. In addition the property fea-
tures several unfinished and dilapidated out buildings in poor condition. Although 7 acres, the prop-
erty is bordered by Sheridan Blvd. which is the primary access to the Landfill just up the hill from
your home, a significant marketing deterrent.
The market for this kind of property is slow and aggressive pricing is required to compete and
sell. Financing for properties in poor condition can also be very difficult to obtain and sometimes
require cash buyers or owner carry.
Currently on the market nearby. 3724 WCR 6 features a dean brick ranch on 3.4 acres with pond
t @ and barn for$259,900 and 4730 Cathy In., a substantial 1993 two story home on 2.52 acres with
298) sq. ft. 3 car garage and airplane runway access in a much nicer neighborhood at $349,000.
v (I- Both properties are in good condition, much better location and make for market competition.
In order to obtain a reasonably quick sale on your home I would recommend marketing it at
49d— $225,000 with the expectation of receiving lowball offers and hopefully settling down around
$215,000. In today's challenging market this will hopefully yield a sale in a 80 to 120 day period if
market conditions stabilize,otherwise a price adjustment to make you more competitive with the cur-
rent market trends would be required to result in a sale.
Please review the included comps and statistical analysis of recent sales and call with any
questions. I would he excited to help you sell the property and put the full efforts of my company at
your disposal to achieve your goals.
Sincerely Yours,
Marc Wishner
Broker
"NOTICE: The preparer of this evaluation is not registered, licensed or certified as a
real estate appraiser by the State of Colorado. "
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