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HomeMy WebLinkAbout20091925.tiffCLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4226 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 Wi`Pc. COLORADO September 3, 2009 JOHNSON ROBERT J 32640 STAGECOACH RD WINDSOR, CO 80550 RE: THE BOARD OF EQUALIZATION, 2009, WELD COUNTY, COLORADO - STIPULATE PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE DESCRIPTION OF PROPERTY: ACCOUNT #: R0239195 PARCEL #: 080724001012 - WSE-12 L12 WILLOW SPRINGS ESTATES 32640 STAGECOACH RD WELD 805500000 Dear Petitioner: On July 28, July 30, and August 5, 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 the Stipulation on your petition of appeal of the County Assessor's valuation of your property described above, for the year 2009. 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 DETERMINED BY ASSESSOR ACTUAL VALUE AS STIPULATED $575,100 $462,800 2009-1925 AS0073 n -7/o /07 JOHNSON ROBERT J - R0239195 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, Esther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2009-1925 AS0073 'kw 2009 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R0239195 p n O STIPULATION (As To Tax Year 2009 Actual Value) RE PETITION OF : NAME: JOHNSON ROBERT J ADDRESS: 32640 STAGECOAH RD WINDSOR, CO 80550 Petitioner(s),Robert J. Johnson and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 2009 valuation of the subject property, 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 this Stipulation is described as: (Legal description) 2. The subject property is classified as Residential property. 3. The County Assessor originally assigned the following actual value to the subject property for tax year 2009. Land $ 150.000 Improvements$ 425.100 Total $ 575,100 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 88,500 Improvements$ 374,300 Total $ 462,800 2009-1925 } 5. The valuations, as established above, shall be binding only with respect to tax year 2009. 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 land value was adjusted for the market. 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on TBD at TBD be vacated; or, a hearing has not yet been scheduled before the Board of Equalization X (check if appropriate). is 15 day of July, 2009. Pet' ' e %Y Attorney Address: 32640 Petitioner(s) or Attorney Address: Telephone:9[M -6 ,06-6 Z Telephone: County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 REAL AND PERSONAL PROPERTY NOTICE OF DETERMINATION Christopher M. 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 R0239195 2009 0430 WSE-12 L12 WILLOW SPRINGS ESTATES 32640 STAGECOACH RD WELD 805500000 32640 STAGECOACH RD WELD, CO 805500000 PROPERTY OWNER JOHNSON ROBERT J 32640 STAGECOACH RD WINDSOR, CO 80550 PROPERTY CLASSIFICATION ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW RESIDENTIAL 575,100 575,100 TOTAL 5575,100 5575,100 to The Assessor has carefully studied all available information, giving particular attention the specifics included on your protest. The Assessor's determination of value after review is based on the following: ALOE - 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 rI O C- c co or: - 15. A C. • *PR 20 8 t.J4DD q: 1840 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 915 10`h 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 9`" 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 for real property pursuant to § 39-8-106(1.5), C.R.S.) 13,41-1 t Z'7 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.) . COMPFRIVAE %Pita if° F11 2.,TeepsesE tKI tAnb VRu)P ti)FTo TLhEto LCPIt1ItpJr CAF nu= awn LOI LIseiT(Z k)bUSYQ►fy 1 A (. SEE isamegst 4Jt1WVtfw At ld sti of ardhatiNaPaistim 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 Date 9�-696.6262 WOO", 'Attach letter of authorization signed by property owner. 15-DPLAR PR 207-08108 NOD #: 1840 SUMMARY 1. Comparable Sales. I am submitting two sets of Comparables. The first (Attachment Al — A8) is copy of my NOV Protest. Based on those Comparables, I estimated my Valuation at $405,551 - $422,941. The second set (Attachment B1 — B5) is the Valuation I obtained from Property Tax Slash CO. When I received the notice that the Assessor disagreed with my assessment, I paid Property Tax Slash CO for their valuation. Based on their Comparables (from the appropriate time frame of January 2007 through June 2008), my Valuation should be $314,127. 2. Land. From 1995 — 2007 (a 12 -year period), our Land value increased 74%. Now, in 2009, in just a 2 -year period, our Land increased 69%. However, during the last four years the Windsor Industrial Park has grown and developed and is adversely affecting the quality of life in our subdivision. If anything, my Land value should have decreased since the last appraisal period. REAL PROPERTY 2009 N.O.V. PROTEST Schedule Number: R0239195 Legal: WSE-12, Lot 12 Willow Springs Estates 32640 Stagecoach Road Weld CO 80550 Owner: Robert J. Johnson (Petitioner) Summary: Petitioner (Owner) contends that the valuation of the property described above is incorrect. The 2009 N.O.V. values the property at $575100. Owner values the property in the range of $405551 - $422941. He bases his evaluation on three factors: 1) Value of comparable Homes/Improvements in the Willow Springs Estates subdivision. 2) The depreciation of his property values since the development of the neighboring Windsor Industrial Park. 3) Value of Real Property comparables sold in the surrounding area prior to June 30, 2008. COMPARABLE NEIGHBORHOOD HOMES Homes in the Willow Springs Estates are custom built and are on lots of various acreage. However, the subdivision is under covenant rule, and as such, the improvements are, overall, relatively equitable in scope and material. Owner's property is a ranch -style home of 3140 finished square feet, sitting on 3 acres. The 2009 N.O.V. is $575,100. Of that total, Land is valued at $150, 000. Improvements are valued at $425,100. It is understood that improvements include such things as structures, buildings, fences and water rights. Although the different properties have different improvements, they are, with the exception of the primary living structure, relatively equitable. For example, some properties are surrounded by physical fences. Others by tree rows. Some properties have wood -and -frame barns. Others have metal. With different, but relatively equitable improvements, the one major common improvement on all properties that has the greatest impact on the Improvements evaluation is the living structure. A fair comparable value for each individual property can therefore be calculated by dividing the Improvements value by the number of finished square feet in the living structure, to obtain a price/square foot value. Attached is a summary (Table 1, page 4) of the homes in the Willow Springs Estates subdivision. The value of the homes encompass a low of $66.22/sq.ft. (32841 Stagecoach Road) to a high of $153.80/sq.ft. (32723 Stagecoach Road). The Owner's valuation is currently at $135.38/sq.ft., the fourth highest in the subdivision. He contends that his value should be closer to the average. His property is not fenced. Instead, it's surrounded on half of its perimeter by a tree row. His basement is still in the same unfinished condition as it was when he purchased the home in September of 1998. His Al barn is metal, and being on one of the interior lots, is only of average size (the outer, larger lots, by covenant are allowed to have a larger outbuilding). The owner contends that the proper Improvements valuation should be at the average for the homes in the subdivision. That would place it at $106.58/sq.ft., giving a total value for Improvements at $334441. DEPRECIATION OF LAND VALUE The 2007 N.O.V. valued the Land for the subject property at $88500. This assessment was based on market data from January 2005, through June 2006. A major factor of Land value stems from its location, coinciding with what encompasses the surrounding area. In the Fall of 2005, the Owens/Illinois bottling plant began operation in what is commonly known as the Windsor Industrial Park. In the Fall of 2006, Front Range Energy began the operation of its ethanol production plant in the same Industrial Park. In mid -2008, Vestas Wind Products began building its plant in Windsor Industrial Park. The value of Willow Springs Estates' location has depreciated since the 2007 N.O.V. What used to be a quiet agricultural enclave, strategically situated to nearby Windsor, has become a subdivision bordering an industrial area, with all the pitfalls and aggravations associated with such a location. Windsor Industrial Park nearly abuts the south end of Willow Springs Estates, separated only by one open field. The homes on the south end of the Estates are adversely affected by the noise from the Industrial Park, by increased train traffic, and by the increased truck traffic on WCR 23, which borders Willow Springs Estates on the West boundary. The entire neighborhood is affected by lost semi -trucks traveling on neighborhood roads, trying to find their way into the Industrial Park, and by the increased truck traffic on CO 392, which borders the neighborhood on the North. The decrease in property value is evident from the recent sale price of the two properties at the south end of the subdivision. Both of these properties are at the lower end of the Improvement value/sq.ft. calculation in the above section. The property at 32561 Stagecoach Road is valued at $81.73/sq.ft. It sold in October 2006, for $360000. (It is understood that the period in which the home was sold, fell between the times frames for the 2007 and 2009 N.O.V.s. It is not offered here as a comparable, but only as a reference for the overall depreciation of values of homes in the southern portion of the Estates). The property next door, at 32568 Stagecoach Road is valued at $89.76/sq.ft. 32568 Stagecoach Road is a huge, beautiful home, with two-story cathedral windows overlooking what once was an unobstructed view of the southern Front Range. It was on the market at $999,998. It sold in September 2007, for $540,000 after going into foreclosure because it wouldn't sell at, or anywhere near, its onetime value. The valuation of Land in the 2009 N.O.V. for the Willow Springs Estates has increased by 69.49% over the 2007 N.O.V. Owner's Land valuation increased from $88500 to $150000. Land in a Comparable Property (36656 Brian Avenue, also referenced in the next section) only increased in the 2009 N.O.V. by 19.65%. The Owner of this subject property on Stagecoach Road contends that the adverse environmental impact (noise pollution) on his property and the deterioration in the quality of life because of the increased traffic in the area, has decreased its locational worth and value by 19.65% from the period prior to the development of the Windsor Industrial Park. Even if saying that the overall increase in value of land in the county offset the impact of A2 the Industrial Park, it should, at best remain even. Owner contends that Land value is in the range of $71110 to $88500. Adding this value to the Improvements calculation above, the Owner contends that his property at 32640 Stagecoach Road has a value of $405551 to $422941. REAL ESTATE COMPARABLES Comparables are for homes sold in and around the city of Windsor. For those properties within Windsor itself, a city lot doesn't approach the size of the subject property. However, comparables were chosen whose Land tax value were similar to the subject property's Land tax value during the period in which the homes were sold. Any Land value outside a +-10% range of the subject property ($79650 - $97350), whether inside or outside city limits, will be noted. Data obtained from the following sources: Zillow.com Trulia.com Co.weld.co.us/ Co.larimer.co.us/ Subject Property at 32640 Stagecoach Road 4 Bd. 3 Bath 3140 sq.ft. COMPARABLES 1) 830 Panorama Place Sold: 06/04/2008 Price: $400,000 4 Bd. 3 %1 Bath 4094 sq.ft. Land $79,000 2) 8309 Louden Cir. Sold: 4 Bd. 3 `/3 Bath 3349 sq.ft. 05/27/08 Price: $477,000 Land: $103,000 3) 36656 Brian Ave. Sold: 05/19/08 Price: $355,000 4 Bd. 4 Bath 2416 sq.ft. Land: $117,000 4) 955 Ridge West Dr. Sold: 05/12/08 4 Bd 2 %2 Bath 3092 sq.ft. Price: $400,000 Land: $109,200 A3 TABLE 1 ADDRESS 32841 Stagecoach Rd 32791 Stagecoach Rd 32723 Stagecoach Rd 32679 Stagecoach Rd 32653 Stagecoach Rd 32621 Stagecoach Rd 32593 Stagecoach Rd 32561 Stagecoach Rd 32568 Stagecoach Rd 32570 Stagecoach Rd 32602 Stagecoach Rd 32640 Stagecoach Rd 32706 Stagecoach Rd 11132 Ponderosa Tr. 11210 Ponderosa Tr. 11254 Ponderosa Tr. 11263 Ponderosa Tr. 11257 Ponderosa Tr. 11215 Ponderosa Tr. 11141 Ponderosa Tr. IMPROVEMENTS SQ.FT. VALUE/SQ.FT 270510 203884 286064 273114 280703 320957 351417 242660 496851 357084 194996 425100 449620 219986 283745 392377 377784 338346 290905 298599 4024 66.22 1876 108.68 1860 153.80 3240 84.29 2718 103.28 2230 143.93 2658 132.21 2969 81.73 5535 89.76 3101 115.15 1860 104.81 3140 135.38 4559 98.62 2155 102.08 2516 112.78 3638 107.85 4730 79.87 2202 153.63 4006 72.62 3516 84.92 A4 JLVTV CI\+11 LW, TV III ILI V1 LV 11/471./../..J1J — LJ111V VT 1 46\.. 1 V 1 L. ++ Lill Ow. com Yost Edge in Bra: hut, 32640 Stagecoach Rd Windsor CO 80550 -1 beds, 3.0 baths, 3,140 sq ft Zestimate: $474,500 My Estimate: Monthly Payment: $ 2,032 edit Current Rates Bird's Eye View See d Home Info Public Facts: • Single family • 4 beds • 3.0 bath • 3,140 sqft • Lot 130,680 sqft • Built in 1995 Neighborhood: 80550 Nearby Schools: District: Windsor Primary: Windsor Middle: Windsor High: Windsor Re -4 Charter Acad ... Middle Schoo ... High School See more 80550 local information Charts & Data ZESTIMATE'' : $474, 500 Value Range: $370,110 - $483.990 30 -day change: SSW Zestimate updated: 05/04/2009 Last sale and tax info Sold 09/15/1998: 5340.000 2008 Property Tax: $3.405 : 0 — Car -Dependent 16501 .unO5 Jan07 JanOi http://www.zillow.com/homedetails/32640-Stagecoach-Rd-Windsor-CO-80550/14057130 ... 5/6/2009 AS _loopo nnan tive, w inusur, l.,lJ OVJJV - Lll1UW r agc i vi iivADA tiiiow.com Year Ear In ReM Estate 36656 Brian Ave Windsor CO 80550 4 beds, 4.0 baths, 4,457 sq ft Recently Sold: $355,000 My Estimate: Monthly Payment: $ 1,520 edit Bird's Eye View 4 Virtual [art c See a Home Info Owner Facts: • Single family • 4 beds • 4.0 batn • 4,457 sqft • Lot 128,066 soft • Built in 1996 ¢`'� 7. 7. .__ rain 'I: la - r R . tjtte Neighborhood: 80550 Nearby Schools: District: Primary: Timnath Elementary ... Middle: Windsor Middle Schoo ... High: Windsor High School See more 80550 local information See more Windsor schools -�4. .4" tI :.p Charts & Data ZESTIMATE': $523,000 Value Range: $360,870 - $57O,O7(0 30 -day chanae: S? 0.fOn Zest:mate updated: 05/04/2009 Last sale and tax info Sold 05/19/2008: $355.000 2008 Property Tax: $4,425 : 0 - Car -Dependent s� Iftiow cnm r I - Jan05 JanU!' J3riU? http://www.zillow.com/homedetails/36656-Brian-Ave-Windsor-CO-80550/14051346_zpid/ 5/6/2009 AG v✓vi :LAO as vaa, .. asawva' iites Liliow.com v Yvon Edgy In Kral Ertatr 8309 Louden Or Windsor CO 8052° 4 beds, 3.5 baths, 3,349 sq ft Recently Sold: $477,000 My Estimate: Monthly Payment: $ 2,039 edit Current Rates Bird's Eye View Home Info Owner Facts: • Single family • Lot 8S soft Neighborhood: 80528 Nearby Schools: District: Primary: Zach Elementary Scho _._. Middle: Kinard Junior High ... High: Windsor High School See more 80528 local information See more Windsor schools Charts & Data ZESTIMATE': $464,500 Value Range: $376,245 - $506,305 30 -day change: -$1,000 :estimate updated: 05/04/2009 Last sale and tax info Sold 05/27/2008: $477,000 2008 Property Tax: $3.535 : 18 - Car -Dependent -a - 5523 - f5illdr 4 ZIUow_wm . - $4 31J. c n -$ laru-l5 Jan07 Jan09 Street Map 8309 Louden Circle, Windsor, CO Bird's eye view and larger map fOr 8309 Louden Or Some information on page provided by Homes & Land Alternate Addresses http://www.zillow.com/homedetails/8309-Louden-Cir-Windsor-CO-80528/49921812_zpid/ 5/6/2009 A7 VJV 1 Wall:Yl1Li 1 1, VT alga JV1. vv Vv✓✓v - L.ila1v.. Lillow.com Your Edge In Real Estate 830 Panorama Pt elhndsor CO 80550 beds, 3.5 baths, 4,094 sq ft Recently Sold: $400,000 My Estimate: Monthly Payment: $ 1,710 edit Current Rates Bird's Eye View See Home Info Owner Facts: • Single family • 4 beds • 3.5 bath • 4,094 sqft • Lot 19,118 soft • Built in 1998 Neighborhood: 80550 Nearby Schools: District: Windsor Re -4 Primary: Grandview Elementary ,.. Middle: Windsor Middle Schoo ... High: Windsor High School See more 80550 local information Charts & Data ZESTIMATE'j': $456,000 Value Range: $364,800 - $510,720 30 -day change: $1,00u Zestimate updated: 05/04/2009 Last sale and tax info Sold 06/04/2008: _400,000 2008 Property Tax: $3,119 : 14 - Car -Dependent -We .can 3440k - I- Jan07 Jana; http://www.zillow.com/homedetails/830-Panorama-P1-Windsor-CO-80550/13865275_zpid/ 5/6/2009 AB County Property Valuation Appeal Form To The Assessor' I hereby appeal the 2009 valuation of my residential property, located at 32640 STAGECOACH RD WINDSOR, CO 80550. and am submitting a formal appeal with the information that supports a reduction in my property valuation. I have reviewed the valuation that I received with my Notice of Valuation from your office. as well as real estate data and analysis that I believe provides a more appropriate and equitable valuation of my property, based on data from comparable sales occurring between January 1. 2007 and June 30. 2008. All of the sales that I am including in this appeal have been appropriately trended to a June 30. 2008 level of value, in accordance with Colorado Revised Statutes (CRS) and the Directives of the State Division of Property Taxation as promulgated and advised by the Property Tax Administrator. Please review this information and make the appropriate changes based on the valuation information and other relevant property data that I am enclosing.: Should you have any questions, please call me at: 970-686-6262. Thank you for your attention to this matter Robert Johnson Notes: 1. Property was not sold during re -assessment period. 2 Corrections about property were not made to county record. DETAILS ON MY HOME Assessed Value: Living Area : Basement: Bsmt Finished : Garage : Pool : Sales Price : $575,100 3.140 Sqft J 1.836 SO 0 Sqft 753 Sqft 0 so Bath : Site Size : Fireplaces: Bedrooms : Year Built Style : Sale Date : 3D 130,680 Sc$t 1 1995 Ranch 1 Story COMPARABLE SALES MAP co. jrot IS IP 44- z `a- Vs '- ►eatkCDt- Gor..,gte Bracewvel - GE N o/hI 392 Paler .cQ N i Map data €12009 Tele Atlas COMPARABLE SALES Address Sold Price Sale Date Sqft Price /Sgft Built Style Bdrms Baths Bsmt Garage Land Ad) Parcel Dist. SqFt Price Number (miles) 37082 SOARING A EAGLE CIR WINDSOR, 5280.000 01,02+2007 3.110 90 CO 80550 i3 11236 HILLCREST DR GREELEY. CO 80631 6911 ALEXANDER DR WINDSOR, CO 80550 5425.000 01119/2007 3.391 125 54 80.000 10/23/2007 3.620 132 2007 Ranch 1 4 Story Ranch t 1999 Story Ranch 1 2000 Story 0 0 5.0 535 0 145.751 5262,276 R0713301 5.4821 4.0 2,713 684 324.957 $398.098 R7713499 1.10419 3.0 2.164 2.156 108.900 5468.960 R6848997 5,78994 Property Tax Slash CO LLC. Copyright (c12009 Page I % 6 131 COUNTY RECORD ADJUSTMENTS Weld Co. Home Prices: 2007-8 Owner Sqft Basement Area : Baths : Land Area : Sale Date : Sale Price : County Records JOFNSON.ROBERT J & TERRY 3.140 Sq t 1.836 Sgft 30 130,680 SO My Adjustments QUALITY ADJUSTMENTS Is the quality of your house different than your neighbors? ✓ Much Worse (-5%) ✓ Somewhat Worse (-2.5%) r Same or Unsure (0%) r Better (+2.5%) Describe: Jan Mar May Jul Sep Nov Jan Mw May — Median Price / SqFt Overall change -11.90% CONDITION ADJUSTMENTS Is the condition of your house different than your neighbors? Describe: ✓ Much VJorse (-5%) ✓ Somewhat Worse (-2.5%) r? Same or Unsure (0%) ✓ Better (+2.5%) Property Tax Slash CO LLC. Copyright (c) 2009 Page 2 t; 13z AMENITIES ADJUSTMENTS Do you lack amenities or features that impact home value? Describe- r Much Worse (-5%t ✓ Somewhat Worse (-2.5%) r Same or Unsure (0%) ✓ Better (+2.5%1 LOCATION ADJUSTMENTS Does your home location have a value impact? Describe: ✓ Much Worse (-10%) t: Somewhat Worse (-5%) ✓ Same or Unsure (0%) ✓ Better (+5%1 FUNCTIONAL ADJUSTMENTS The subdivision is next to an industrial park. which has been developed since the last appraisal period. Flame site is at the southwestern end of the subdvision. which is in line with industrial (factory and traffic) noise. Is there a design or functional problem? Describe: ✓ Much Worse (-5%) ✓ Somewhat Worse (-23%) a Same or Unsure (0%) r Better (+2.5%) Property Tax Slash CO LLC. Copyright (c) 2009 Page 3 / 6 33 REPAIRS Does your house need repairs? Describe: Category Roof: Interior: Heating/Cooling : Exterior Utilities Amount (S) [0 0 Explanation of the Data and Analysis Time adjustments are established in accordance with International Association of Assessing Officers (IAAO). Mass Appraisal of Real Property PP 265-265. The method selected here was the Weighted Monthly Median approach. Subject property adjustments were based on living area. basement area, bathrooms, garage size, site (lot) size, time (date of sale) and location. Qualitative adjustments noted by the owner were presented as separate quantities. Property Tax Slash CO LLC. Copyright (c) 2009 Page 4 6 33-T Final Estimate of Value I believe that the correct property value for my property. reflecting sales data during the applicable base year period. should be $314.127. Based on the valuation assigned by the Assessor. I request a reduction in value of $260.973 Verification I, the undersigned constitute true and owner or agent of complete statements this property, state that the information and facts contained herein and on any attachment concerning the described property. Owner's Signature: -.. Date: 07/06/2009 Daytime Phone: 970-686-6262 E -Mail Address: phypennan@lnsn.com Property Tax Slash CO LLC. Copyright (c) 2009 Page 5 16 135 Hello