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HomeMy WebLinkAbout20091801.tiffCLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 COLORADO August 5, 2009 HAGAN MICHAEL J & 7607 PLATEAU RD GREELEY, CO 80634 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R0694601 PARCEL #: 080532414016 - GR 2PRR L16 BLK4 POUDRE RIVER RANCH 2ND FG SITUS: 7607 PLATEAU RD GREELEY 000000000 Dear Petitioner: On July 31, 2009, 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 your petition of appeal of the County Assessor's valuation of your property described above, for the year 2009. The Board of Equalization found that the evidence presented at the hearing clearly supported the value placed upon your above described property by the County Assessor. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated to the Weld County Assessor by law. The assessment and valuation of the Weld County Assessor was affirmed as follows: ACTUAL VALUE AS DETERMINED BY ASSESSOR ACTUAL VALUE AS SET BY BOARD $400,040 $400,040 2009-1801 AS0073 00 ; 1\ Oil, /3/7 LL ) e ?'(Cc' (C"i HAGAN MICHAEL J & - R0694601 Page 2 A denial of a petition, in whole or in part, by the Board of Equalization may be appealed by selecting one of the following three options; however, said appeal must be filed within 30 days of the denial: 1. Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's (CBOE's) decision to the Board of Assessment Appeals (BAA). Such hearing is the final hearing at which testimony, exhibits, or any other evidence may be introduced. If the decision of the BAA is further appealed to the Court of Appeals only the record created at the BAA hearing shall be the basis for the Courts decision. No new evidence can be introduced at the Court of Appeals. (Section 39-8-108(10), C.R.S.) Appeals to the BAA must be made on forms furnished by the BAA, and such appeals should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, CO 80203 Phone: 303-866-5880 Fees: A taxpayer representing himself is not charged for the first two appeals to the Board of Assessment Appeals; however, a taxpayer being represented by an agent or an attorney must submit a fee of $101.25 per appeal. OR 2. District Court: You have the right to appeal the CBOE's decision to the District Court of the county wherein your property is located. New testimony, exhibits or any other evidence may be introduced at the District Court hearing. For filing requirements, please contact your attorney or the Clerk of the District Court. Further appeal of the District Court's decision is made to the Court of Appeals for a review of the record. (Section 39-8-108(1), C.R.S.) OR 3. Binding Arbitration: You have the right to submit your case to arbitration. If you choose this option the arbitrator's decision is final and your right to appeal your current valuation ends. (Section 39-8-108.5, C.R.S.) Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the CBOE 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 will make the selection. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the CBOE are entitled to participate. The hearings are informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records, documents and other evidence. He 2009-1801 AS0073 HAGAN MICHAEL J & - R0694601 Page 3 also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing may be confidential and closed to the public, upon mutual agreement. The arbitrator's written decision must be delivered to both parties personally or by registered mail within ten (10) days of the hearing. Such decision is final and not subject to review. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the CBOE. In the case of residential real property, such fees and expenses cannot exceed $150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. If you have questions or need additional information, please do not hesitate to contact me at (970) 336-7215, Extension 4226. Very truly yours, Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2009-1801 AS0073 Weld County CHRISTOPHER M. WOODRUFF COUNTY ASSESSOR BRENDA BONES, DEPUTY ASSESSOR VALUATION REPORT OF RESIDENTIAL IMPROVED PROPERTY FOR County Board of Equalization HAGAN MICHAEL J & HAGAN BARBARA B PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 0805-32-4-14-016 Schedule Number: R0694601 Log Number: 2392 Date: 7/31/2009 Time: 02:00 PM Board: Board #1 PREPARED BY APPRAISERS NAME Signature Date ASSESSOR'S OFFICE STAFF APPRAISER ASSESSOR'S VALUE RESIDENTIAL $400,040 Total: $400,040 2009-1801 GENERAL DESCRIPTION AND MARKET SUMMARY SUBJECT SITE AND IMPROVEMENTS This property is located at 7607 PLATEAU RD in the city of GREELEY. The legal description of the property is GR 2PRR L16 BLK4 POUDRE RIVER RANCH 2ND FG SITUS: 7607 PLATEAU RD GREELEY 000000000. Utilities available to the site are typical for the area. The residence is a Frame Siding house constructed in2002. It has 2174 square feet of finished living area. There are 3 bedrooms. The Assessor has classified the structure as a Ranch 1 Story home of Good quality, using Good quality materials. _ _ r ►u - - ... _ _ CBOE_RES_01081 Page MARKET APPROACH SUMMARY Real property for the tax year 2009 must be valued utilizing the level of value for the period of one and one-half years immediately prior to July 1, 2008. A period of five years immediately prior to July 1, 2008 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 class 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 following 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 Weld County Assessor has an established ongoing Sales Confirmation and Validation Program for property transactions used in developing values. The subject property has been classified as Residential for assessment purposes. Residential property value shall be determined by appropriate consideration of the Market Approach to Value {39-1-103(5)(a), CRS}. The Assessor has considered this approach to value for the subject parcel. ASSESSOR'S VALUE RESIDENTIAL $400,040 Total: $400,040 CBOE_RES_01 Pal Comparable Number Comparable Number Comparable Numbei CBOE_RES_01 Pa Comparable Number Comparable Number CBOE_RES_01 Pa Scats: 1:4; 0 Z?S i Map center 48' 26' 22.8" N. 104' 48' s.r W Tab map Maurer recall 5Yc aclptttom an rtrnxt mappng tar rant 9dlet al rrleseflQ anti_ DIM ayes Mitaooraren this map nay rr may not be aco rate, current, or Wiener r relator. 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Woodruff WELD Assessor 1400 N 17th Ave GREELEY, CO 80631 Date of Notice: 6/24/2009 Telephone: (970) 353-3845 Fax: (970) 304-6433 Office Hours: 8:00 AM - 5:00 PM SCHEDULE/ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R0694601 2009 3202 GR 2PRR L16 BLK4 POUDRE RIVER RANCH 2ND FG SITUS: 7607 PLATEAU RD GREELEY 000000000 RD GREELEY, LEYPLATEAU CO 00000 000000 I PROPERTY OWNER HAGAN MICHAEL J & 7607 PLATEAU RD GREELEY, CO 80634 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIORTO REVIEW ACTUAL VALUE AFTER REVIEW RESIDENTIAL 400,040 400,040 TOTAL $400,040 $400,040 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 2007/2008 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. C- C:: r- 10 PR 211548/0 Cn NOD #: 3166 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, Colorado 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 11. 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 9" Avenue and 9th Street, P.O. Box C Denver, CO 80203 Greeley, Colorado 80632 (303) 866-5880 Telephone (970) 356-4000 Ext. 4520 www.dola.colorado.qov/baa 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, 2008? (Your opinion of value in terms of a specific dollar amount is required fotrealprog� pursuant to § 39-8-106(1.5), C.R.S.) $ `55 "�� 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.) ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on any attachments hereto are true and complete. Telephone Number -ew Date q7O--3 1 Attach letter of authorization signed by property owner. 1/9/07 15-DPT-AR PR 207-08/08 NOD k' 3166 July 9, 2009 7607 Plateau Road Greeley, CO 80634 970-351-8878 Re: Appeal of Tax Year 2009 Property Valuation Schedule # R0694601 Dear Board Members: Thank you for the opportunity to appeal the assessed value of my home. Based on the below information I believe the assess value should be $355,000.00. Below are the facts I presented to the County Assessor's Office in my appeal to them. Regarding Point 1, the Assessor Office I believe should have given more credence to the impact the two foreclosed home directly behind my home had on the valuation of my property during the assessment period. According to the Journal of Rea/ Estate Financial and Economics publication foreclosures within a 10 block radius can impact the valuation of neighboring homes by as much as 8.7%. Instead, the Assessor's office states that despite the deteriorating condition of the foreclosed homes during the assessment period the valuation of my home rose $21,000. All that I am asking for is a more rational review of what my home is worth. 1. During the assess value period of January, 2007 to June 30, 2008, the two houses directly behind my home, the backs of which are clearly visible from my home, were vacant for most of this time and both properties went into foreclosure. The addresses of these two properties are 7604 Poudre River Road (R0693501) and 7608 Poudre River Road (R0693601). Please see appended letter from Poudre River Ranch's HOA verifying the vacancies and the foreclosures (Exhibit A). Also appended as Exhibits B and C are pictures taken in May, 2007, of the front and back yards of these two properties. The vacancies caused these properties to fall in disarray. The lawns of both properties died due to no watering. Weeds took over the properties which were clearly seen from my home. (See Exhibit B and C.) From our yard my wife and I watered the lone tree in the backyard of 7604 Poudre River Road in order to save it. My wife and I tried our best to keep the back porch of 7604 Poudre River Road clear of tumble weeds. The outside stucco of 7604 Poudre River Road became soiled causing the appearance of discoloring. The inside of the home at 7604 Poudre River Road was vandalized with many holes punched in the walls. 2. The house and lot next door to me, 7611 Plateau Road (R0694501) is similar in style and size to mine (Exhibit D.) The assessed value of that home is $168.008 per square foot. The assessment per sq foot of my house is nearly 10% higher than 7611 Plateau Road. 3. In January, 2009, I refinanced the mortgage to my home. As part of the process our home had to be appraised. (Please see Exhibit E.) While I understand that this appraisal of $350,000 is outside the targeted time period used by the County Assessor Office for its 2009 valuation it does indicate the downward direction of the value of my home. Thank you for considering this appeal. Regards, qay.28, 2009 7607 Plateau Road Greeley, CO 80634 970-351-8878 Re: Appeal of Tax Year 2009 Property Valuation Schedule # R0694601 Dear Mr. Woodruff: Thank you for the opportunity to appeal the assessed value of my home. I believe the County Assessor Office valued my home too high. Based on the below information I believe the assess value should be $355,000.00. 1. During the assess value period of January, 2007 to June 30, 2008, the two houses directly behind my home, the backs of which are clearly visible from my home, were vacant for most of this time and both properties went into foreclosure. The addresses of these two properties are 7604 Poudre River Road (R0693501) and 7608 Poudre River Road (R0693601). Please see appended letter from Poudre River Ranch's HOA verifying the vacancies and the foreclosures (Exhibit A). Also appended as Exhibits B and C are pictures taken in May, 2007, of the front and back yards of these two properties. The vacancies caused these properties to fall in disarray. The lawns of both properties died due to no watering. Weeds took over the properties which were clearly seen from my home. (See Exhibit B and C.) From our yard my wife and I watered the lone tree in the backyard of 7604 Poudre River Road in order to save it. My wife and I tried our best to keep the back porch of 7604 Poudre River Road clear of tumble weeds. The outside stucco of 7604 Poudre River Road became soiled causing the appearance of discoloring. The inside of the home at 7604 Poudre River Road was vandalized with many holes punched in the walls. 2. The house and lot next door to me, 7611 Plateau Road (R0694501) is similar in style and size to mine (Exhibit D.) The assessed value of that home is $168.008 per square foot. The assessment per sq foot of my house is nearly 10% higher than 7611 Plateau Road. 3. In January, 2009, I refinanced the mortgage to my home. As part of the process our home had to be appraised. (Please see Exhibit E.) While I understand that this appraisal of $350,000 is outside the targeted time period used by the County Assessor Office for its 2009 valuation it does indicate the downward direction of the value of my home. Thank you for considering this appeal. Regards, GREELEY COMMUNITY MANAGEMENT. May 27.2009 Mike Hagan Mikehagan9@yahoo.com com The two properties listed below remained vacant for the duration of 2007 & most of 2008. These properties went through foreclosure and were resold by the bank. 7604 Poudre River Road 7608 Poudre River Road For further clarification or questions, please contact TaraLee at 970-392-9657. TaraLee Jackson Manager x! ' 6 CT- A Uniform Residential Appraisal Report FaiinI(4V1 w F0'+ 0901070 II, unr.oxe nnnusurnman appraisalry u,,. p, c, me me loIIIICI %Intl mi nrenrale aria adtthititliglnn.ncS.wninnalm.,uar heir ale. orn, props Pr e r wad .7607 Plateau Road nib Greeley fwumyer Hagan ner of Pun,c Rowed Hauan 1 egy, ne—ri,ain Lot 16 @lock 4 Menke Myer Ranch 2nd Filing A=d situ r Parrclo 080532414016 m In X Pauare Riv-i Ranch X N/A Slate CO /,erns 80634 put Weld lvr Yce 2007 - hums -s S 2573.00 roe in, fir ,nr DRCOG 0014.01 WEIR D noh4 13000 I XIj,,,yem l le"NINA X Other mrsuhr 1 cnaeurncnt Countrywide BanloLandSafe Appraisal Svc. bairn a 3780 N. Garfield Avenue Loveland CO 80538 j Ic,hr amber, mnm.rry r, meunu boa r,,teat valr.,n 'senh,- srii'rrn nn enleer nee raelve nw.n.e grin, ro,h. enivn,m ern N"rWu.ao0 rml" I Ives IXIN 5yon data soursrdsl ucrd elmisa uricuel and dates) Per local MLS,the subject has not been listed within tie last 12 months. ha C entral Fern N/A Darenrennnau N/A law r earn seller Ibu. net ofnumlcieurd, I XIrc, 11No Odratm,rccistI— ��, _ ZJulberens' ennnrial errsn,anrrl line br,grr chic cchcmri nnce,nnr deDa ueais,n,lir Ng l , her dhus, ms, Iehin-S-0eh, revue„ Iv I 31 No O 1f Yes moon We meal della emo lit and describe the iamsle be oath N/A IJdl(' nl did nut analytic the sunniest fur sale Put the subject purchaselransaxr,m, Explain the rceullsat the anal, sesniil,e coetraei for sale urrehy the aulysls hors nor .i,.,..,M N/A !1011" Rare and this rvinlrrvnnnel,innnlrly neirlelenrb,, l e d aunrnrcal!moth peahen Nei borhowl garauernnv Urban X Suburban 0 Rndooe O Orondl' Neeghhn,hnnd nee h, The subiectorooed)/:s bordered by Co Rd 29 b the east C Steel to the south 83rd -75/ Rural Proreriv Values Ilea aesd/%pmy MmFehne Gate Jnopnit Hu m Tema, Inereaeme X Stable Ooe-u nil Iluuaine rra eel Land Use % D clr e X 'Huth" rah X l.h,nme m Avenue to the west and the Cache la Poudre River to the north o r ebb h, dlear ([Cr See Text Addendum Rapid Stable Slur Z Oyer 6mlbe PRICE AUL cndlm 250 1v, Multi- Feput, 10 1800 n,W 10 One -end 70 4 un,r 10 Lida AMC d s( Ida ee n trio the above cone lour -tint Sublect neighborhood appears to have average market appear. Conventional ,and government mortgages are locally available Typical seller concessions range from 0-6 points. Financing adl0slmrlts are generally reoWfed when poets exceed what is typical. Content market trend for the area reflects a stable market. n , Not available per county records N ,. .....,...r,...,ne.,,... PUD Ares 9365 sq fl snare Mostly Rectangular Planned Unit Devebpmenl Vlcw Typical Street Unlined WAD 0 ) he (describe) XIX WeI Sannatr Snnu cube{ Oh mesfd but XI X FFMA Man a 00-eien lm orievemenrs—"late y)yeylllLe ivr lley None Oven Asphalt A 08026606080 ntieties and pmsile MOM entente rcoiul for he market axed, [X lye I INo If Na describe Hi MA Kith flair 09/77/1991 Are adverse site eon external b'eotsfeneetne ear achmeels Ile di Id t)s 1 IYrs I X I No If Yes describe N a apparent encroaehmenls or adverse easements were noted t the fire of'Usoection The site is Nopcal in sine and erraln fa the neighborhood Please reference an Improvement Location Certificate, (ILC), for the subjects exact site area. GENERA .p FOUNDATION n. I X!Dr ft of Stn{a One site `XIDe IXIeFiner IAll Ranch Rink 7002 errenive Age (Yrs) 2 d Nnne X Full naspnrnr n na•r n Area mnrrrnnar FX['PRIOR DESCRIPTION malcriatslmndilir INTERIOR ntaldrialn/en o dime weed stern Fonnd.,inn weirs Concrete/Good Partial easpnem Psteres, Wan. Stucco-Stone/Good waits Drywall/Good Cpl-Tile-NdWd/Good 2,150 ea n Rootsurfaa AsphaltfGocd T;m/F h e/oaf/Goad 94% A.m.. e rimina,m,le Metal/Good },.,h Floor Tile/Gtiod crmenr FlrAN I X Is—. P� w eor T ee Double Pan /Good o ndnrpin(nfe Anon s Dampness ern inel XIFWA ar,rm s,mm,.rmied None/Yes Settlement Screens Yes bReedI I Pathan' 4, n ee slam wain., u, Tile/Good �xrag I IN rt.cna,_ e offers 3 WnMStnurtel r i ewer Nap Concrete Deer Stair Stairs OWjr hurl � X Fueuleefei e 1 Pent X Garage No of Cart Floor X Seoul, Coo in, I X Genii ie eoedidonin X Patin/Deck X Perch Generic N of Car Fins i Fenle I X InP Prnal I f(]th r thin! tithes X duiI Inv, I [RI cr- yAnnllnnccs II Rut err tor XI R, eNOvrn J'X 1pfein95ha (X IDisppiI XIMiemlxm I IN aster/Desrr I IDNer fdeecribel aFne shedares able range rnn aw, B minim u> AGtluivml meneen neeeral entree referent items etc ) See Addendum 0 30 velum 2174 Smarr Feet nth -truss .tnr Acre Ahnue Grade as a. Describe the condition n wit erneenv (unclad in, needed repairs des arena' rations e ode, a etc) with no physical, functional or exlemal hadequacies nolld at the time of inspection. 3 The subled property is h good condition, A^theeeanu hytiealder ienF avadverte reedivacsuhat erre, me livability men era peal inteomy ark? mmnem) I Ivre I Xluen try- ire Tr No physical deficiencies or adverse conditions were noted that would affect the FvabilM, soundness or structural integrity of the subject Oar h II f n the neiohhnrhendrn,eetinnnl lad fl' style rnndilinn nth rnniunareve err l4 The sober( property is in harmony with other residences in the neighborhood IX IYee I Iron IiNn Meerihe Freddie Mac Form III March 21(15 17 TEE INC. Page I of b Fannie Mae Form 111114 March 2005 Powered Oy a�rdhaltorn CCRIPTION Orr „oh Areruwy n wi • Unilircnl Residential Appraisal Report Ft 09010rk1 Urn. eat 9 cm.yarablc ytyy. go emoends olt:rrd for sole in the tubtecsorlohbeehuod'eosin., to mist Dorn F 269,000 to 1,800000 there ale 10rur V.I. miracle sales in the subjretac.thborhood %Whin the pastlweJve months Ien$ing in tale pure glom $ 266.000 toS 687.900 FEATURE 1 SUBJECT_ COMPARABLE SALE a I COMPARABLE SALE 1i 2 COMPARABLE S.ALL I 3 \ddse,s 7601 Plateau Road Greedy. CO - 78X Padre River Road Greeley GO 6645 Poudre River Road #6 Greeley. CO 7804 Poudre River Road Greeley. CO prostiiu to S.we:a 0.30 MI W D. 51 MI E 0.30 MI W c,6. Prier I N/A s 340,o(Q c 350000 34$090 `dr Pu,rlSuntt Lry Are S sa ft j 150 so n s 167 r. ft s 193 a. n Dela&tweets) County Rewords Mtgespect/Reakor Mt&flnspect/Reaftor MLS/Inspecl/Realtor v.r,r.'anon Sn„rr.ta) 1vtS #575353 MLS #572099 MIS #560730 1' Al UE ADJUSTMENTS DESCRIPTION DESCRIPTION tf-)5 DESCRIPTION • t•r s Adpaunrn{, 'ASCRIPTION el -if Adimilupy Sale is Financing Concessions Cash Opts DOM 79 0 pis OM 153 CV 0 ply DOM 27 nu. olcal.rr„n, N/A CD 10/17/08 CD 11/17/08 /CD 05/07/08 I Matron Padre River Ranch Poudre River Ranch Poudre River Ranch Poudre River Ranch Lnase5pld/Fee Ssp rile Fee Simple Fee Simple Fee Simple Fee SimOe ,:, le 93f25oo It 13504 soft op a'i 3 19 so l no a4 1351M sq ft ID adj v ocw Typical Skeet Typical Street Typical Sheet Typical Street Jletign !byte! Ranch/Good Ranch/GDod Banch/Go d Barb/Good Oaalar of Construction Stone-Stucco/Good gicco/Good in ark SDne-Stucco/Good Slane-Slucc0/Good rot.atAge 7E2 3 E 1 -3.9E2 2E1 -3.500 Condit ion Good /Good Abort Grade 7uL1 Bdttns Baf�hs(1a� ,JSdt>o>.i1 Baths I bdtms I/I BaDu IpW Ilji.ser_''•�yt1`1 Bat.�,hrsys _ RWm e'oanl p JL •t� Jl yy1L 6 QI 250 �/y{C7�W .rant 1 � M 1.504 61 ,n (�W, ryy� 1.0vv Su.tr byline Arra I 2,174 .g.it. 2,274,. n -2,000 2,094 sn n 1,600 1,800 ,P a 7,480 Basemen! are Fmisbcd X Rooms Below Grade '4,150 sq ft 509E finished 2274 sq ft X90%. finished -6001485 -6,80090% sq ft finished 3300 -1,800 1755 sq ft 90% finished 2,000 -3,500 a F„wi..allklliry Typical Typical iypical Typical ix Jtracme/r ➢➢lint GFA/AC C_FA/AC GFA/AC 1GFA/AC 0. eyeres £0Pcteot heir Typical Typical Typical Typical z �,ra�M+ < .{(E Jta 3rAllached 5000 31AltarhPd rJ Parclo'Paito/Deck Porch, Patio, Deck Porch, Patio, Deck Perch, Path, Deck Porch, Patio, Deck ' SDk System S➢k system Sok system Sok system system d Fireplace 1 fireplace 1 fiedace 1 fireplace ,Sots fireplaces -1,0011 a. n D Net Adioslnttnl (TOW) r. . .t,- ' (� t 1 a Ix,. f -12,309%. 11. f 9.609%. J I. 2,480 WI 11 .Adjusted Sale Price .19 oarabl .. Net Adj. -3.62% Gross Adj. 3.91 v. �,,,rNei S 32770O,Gross Adj 274 Y. Adi 3.77 y •j Net Adi. 071 T. f 359,600 (/rots .Adi 5.31 % s 350,460 se >� X did I Idid not eatmeb rho silent itansferhisitityAlLbs_stchsecinsonert andcolnnarable yaks If mph esolam 1 �„Mn ... r�r re .��... Ely rereamX IAid gidid.nr reveal RN prinrsalea or u..afer..,trhr urly^ y fm It. th... la rh. nR.w . A.t ..f rh.. ..I n.i. 1o.rae o County Records My rematch' Idid FLid nut reveal any Rlinr salts or transfers of the aompo mhksalenlor the year print to the date of,.le ofthe comparable salt. J).t..m,rre(a) County Records Its'svut me Twis of thrle,earrh and analysts of Me prim uk or transfer b'slom of 1 r subievt anneals dud come._•able valesyeoortadduiortal mine sal ea on •.e3L ITEM S1h11FC1 COMPARARI F SAI F h 1 CnMPAP ABLE SALE IL COMPA R ARI F (Al F a 1 ,: Dine of Poor Sale/franofer /Pro sale No sale identified ii No sale identified in No sale identified in ?tire of Pr.,. c.trrrtancf., denlifed in the last 36 meths a last 12 months the last 12 months the last 12 months . Ads So.rreta) County Records County Records _County Records County Records •' 9iffrelrer Oats of flu Stmrrttt) 31/07/2009 01/07/2009 01/07/2009 31/07/2009 ARdyriaofprir%isleorsraaattrhiurry.flb.auhjer,n� lo. i,nintmahl.sales Tit!std±iecrompertYhas not sold within the last 36 months PPr owner and available data sources, the subject has not been listed wthin the last 12 naMhs- s comnr.yoft.r.arumparimo Appmar'. The market approach is the most reliable aohroach to value. See below for comments lecardino adsntme➢Is to ' comparables. -'' Jpdiral.d Val.. to Sales Comnaritnn Anntoach r 350,000 tadifar,dValueby'Slk sfantllarim.Appplaeht 350.0nOrn.:Annm.r•h/tsrla:.,w� dl 350.934 Iem.r.•,nprNrrnr,w.0 dl The Market Approach is the most Made =mach to value. The income Approach Is not reiable_0A 11,a lack Of rental data as most hones In the area are owner 4 occupied. The Cost Approach is considered b be suppoAiye of the market i— rr'' i11 Thu appraise odal e '.a u', Ly Liol cofeted, ubjecl In the following Q El subject to completion per plans and apetifkahotrs on the basis of a hypothetical conditioe thou the improvements have been repairs or alterations on die basis of a hypothetical condition that the repairs or alterations hare been completed, or Tn's reopn's suhieci to all attached restritinrtcrirrlltYa c➢rldlttDrfs. il,e electr cat. me tsarlical and sbuctis 1051PdiL5 are ass1F0≤�tc odes tale and raj oo T C. Based tin a complete visual i.,pcchue of Me inferior aed exterior areas of the subject property, deflated loupe of work, slatemeas or assumptions mad lir.iling • coadrtiona, sad appraiser's certification, my lose) opininn of the market valve, as defined, of the real properly that Is the subject of Ibis retort is • 350000.,.101/07/2009 .which is the dale of inspecnon and the effective date of this appraisal. Freddie Mac Form 70 Muck 2005 Page 2 of 6 Fannie Mae Form 004 March hnr5 Pito :zt; Wilk COLORADO July 17, 2009 HAGAN MICHAEL J & 7607 PLATEAU RD GREELEY, CO 80634 Dear Petitioner(s): CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 080532414016 Account No.: R0694601 The Weld County Board of Equalization has set a date of July 31, 2009, at or about the hour of 2:00 PM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Centennial Center, First Floor Hearing Room, 915 10th 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 attomey 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, 2009, and mailed to you on or before August 12, 2009. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 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. HAGAN MICHAEL J & - R0694601 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 LIZ `u Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor Hello