The URL can be used to link to this page

Browse Search

Home My WebLink About20072321.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2007, WELD COUNTY, COLORADO- STIPULATE PETITION OF: FSY PARTNERSHIP PO BOX 1986 GREELEY, CO 80632 DESCRIPTION OF PROPERTY: ACCOUNT#: R0013288 PARCEL#: 095915400004-GR 17583-A PT SE4 15-5-66 (GRAPEVINE ANNEX) COMM SE COR SEC N0D36'E 702.35' S89D32'W 77.34'TO TRUE POB S07D16'W 83.86'N89D23'E 38.84'TOW LN 47 AVE S0D36'E 80'S89D23'W 49.92'S07D16'W 292.23'S80D39'W 633.77'N0D29'W 550.54' N89D32'E 687.9' TO WHEREAS,the Board of County Commissioners of Weld County,Colorado,convened as the Board of Equalization for the purpose of adjusting, equalizing, raising or lowering the assessment and valuation of real and personal property within Weld County,fixed and made by the County Assessor for the year 2007, and WHEREAS, said petition has been heard before the County Assessor and due Notice of Determination thereon has been given to the taxpayer(s), and WHEREAS, the taxpayer(s) presented a petition of appeal of the County Assessor's valuation for the year2007,claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS,in lieu of the hearing scheduled before the Board of Equalization a Stipulation was agreed upon by the Assessor and said petitioner(s), and WHEREAS,the petitioner(s)and the Weld CountyAssessor agree that the assessment and valuation of the Weld County Assessor shall be, and hereby is, stipulated as follows: ACTUAL VALUE AS DETERMINED ACTUAL VALUE BY ASSESSOR AS STIPULATED Land $ 1,741,047 $ 1,741,047 Improvements OR Personal Property 2,603,853 2,273,346 TOTAL $ 4,344,900 $ 4,014,393 WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 2007-2321 AS0067 PO : A , 04, 4 7� /9c?a o&/0347 RE: BOE - FSY PARTNERSHIP, R0013288 Page 2 NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, acting as the Board of Equalization, that the Stipulation agreed to by the Weld County Assessor and the above-named petitioner(s) be, and hereby is, accepted by the Board. The above and foregoing Resolution was,on motion duly made and seconded,adopted by the following vote on the 31st day of July, 2007. BOARD OF COUNTY COMMISSIONERS WE COUNTY, COLO DO ,.1 ,-�„ ""Sa am( David E. Long, Chair Cpfc)t lerk to the Board t,:: 1".4.- ' EXCUSED /-:,� i William F. Garcia 14O' AS TO FORM: çj �hn& " ^Robert D. Masden �/ Ass. ant C nty Attorne r Douglas ademacher Date of signature: 2007-2321 AS0067 2007 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R0013288 STIPULATION (As To Tax Year 2007 Actual Value) RE PETITION OF : NAME: FSY PARTNERSHIP ADDRESS: P O BOX 1986 GREELEY, CO. 80634 * x * w • x Petitioner(s), FSY PARTNERSHIP and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 2007 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: PT SE4 15-5-66 (GRAPEVINE ANNEX) AKA 2699 47TH AVENUE GREELEY, CO 80634 2. The subject property is classified as COMMERCIAL property. 3. The County Assessor originally assigned the following actual value to the subject property for tax year 2007. Land $1,741,047 I mprovements$2,603,853 Total $4,344,900 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $1,741,047 Improvements$2,273,346 Total $4,014,393 2007-2321 .- 5. The valuations, as established above, shall be binding only with respect to tax year 2007. 6. Brief narrative as to why the reduction was made: Equalized the subject auto dealership with the surrounding auto dealerships. 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on DATE at TIME be vacated; or, a hearing has not yet been scheduled before the Board of Equalization x (check if appropriate). DATED this 16 day of July, 2007. iii- 1 Peti- er(s) or Attorney Petitioner(s) or Attorney Address: Address: Telephone: Telephone: �� ..yy�� County A essor 7 Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400 NORTI1 17th AVE. GR 17583-A PT SE4 15-5-66 GREELEY,CO 80631 Acrivo. (GRAPEVINE ANNEX) COMM SE COR SEC PHONE(970)353-3845.Err.3650 7 N0D36' E 702 . 35' S89D32 'W 77 . 34 ' TO www.co.weld.co.us TRUE POB S07D16'W 83 . 86' N89D23 'E W38 . 84 ' TO W LN 47 AVE D Wi`D C OWNER: WFSY PARTNERSHIP �9ZE2 80 'COLORADO FSY PARTNERSHIP LOG 2469 P O BOX 1986 PARCEL 095915400004 ACCOUNT R0013288 GREELEY, CO 80632 YEAR 2007 The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined that your property should be included in the following category(ies): Commercial property is valued by considering the cost, market, and income approaches . If your concern is the amount of your property tax,local taxing authorities(county,city,fire protection,and other special districts)hold budget hearings in the fall. Please refer to your tax bill or ask your Assessor for a listing of these districts,and plan to attend these budget hearings. The Assessor has carefully studied all available information,giving particular attention to the specifics included on your protest,and has determined the valuation(s)assigned to your property. The reasons for this determination of value are: The Colorado Constitution requires commercial property to be valued based on actual value and assessed at 29% . Replacement cost, market, and income are approaches used to determine the actual value of your property. Your valuation is supported by the appraisal procedures required by law. c PETITIONER'S ASSESSOR'S VALUATION PBRRT5LASSIFICATION ESTIMATE W OF VALUE ACTUAL VALUE ACTUAL VALUE z2= < .. PRIOR TO REVIEW AFTER REVIEW J V C0MMkaciikL U 3i s 7≤J6bD 4344900 43449OO 0- J E.I. O GC eV eV TOTALS $ $ 4344900 5 4344900 APPEAL DEADLINES: REAL PROPERTY—JULY 16,PERSONAL PROPERTY—JULY 20. 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. TO PRESERVE YOUR APPEAL RIGHTS,YOU MAY BE REQUIRED TO PROVE THAT YOU FILED A TIMELY APPEAL; THEREFORE,WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. 06/27/2007 By: Christopher M. Woodruff WELD COUNTY ASSESSOR DATE ADDITIONAL INFORMATION ON REVERSE SIDE .207.7 YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR' S DECISION • The County Board of Equalization will sit to hear appeals beginning July 2 and continuing through August 3 for real property (land and buildings) and personal property(furnishings, machinery, and equipment). § 39-8-104 and § 39- 8-107(2), C.R.S. _t ' 3 5 1 &$.`� If you c oose to appea_ e Assessor' s decision, mail or deliver one copy of this completed form to the County Board of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED ON OR BEFORE JULY 16 FOR REAL PROPERTY, AND JULY 20 FOR PERSONAL PROPERTY. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970) 356-4000 Ext. 4225 You wi_ .e not ied of the time an. place set for the hearing of your appeal. i ' ,4 t'tt`OS 11,lj7 ' ;Safi r , ' 7% _ad ti ' The County Board of Equalization must make a decision on your appeal and mail you a determination within five business days of that decision. The County Board must conclude its hearings and render decisions by August 3. < 34 *MOTS FOR, r ' :e DP' I you are not satisfiedwith the County Board Equalization' s decision you must file within thirty days of the County Board of Equalization' s written decision with ONE of the following: Board of Assessment Appeals (BAA): 1313 Sherman Street, Room 315 Denver, Colorado 80203 Telephone (303) 866-5880 www.dola.colorado.gov/baa District Court: 9th Avenue and 9th Street, P.O. Box C Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4520 Arbitration: WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone(970) 356-4000, Ext. 4225 If you do not receive a determination from the County Board of Equalization, contact the county board. If the county board is not going to mail a decision, you must file an appeal with the Board of Assessment Appeals by September 10th. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO THE COUNTY BOARD OF EQUALIZATION In the space below, please explain why you disagree with the Assessor' s valuation. IN ACCORDANCE WITH § 39-8-106(1.5), C.R.S., IF YOUR APPEAL INVOLVES REAL PROPERTY, YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as necessary. Con,peb-t 4u di-le/ cie4eS ps H 9Yec. JI F A U-sj&i 4.H 'h45 i, {.n cIc j./ L':'; - /q wild" N✓' ---/s4 4c /D Q , �' ��s/,pd�•Ip 4a (iiilltAURE Of r170 . _ ,Y1- 3"30 DA NOD 207 62 87/07 Weld County Garage 2699 47th Avenue Greeley, CO 80634 970-352-1313 fax (970-356-8191) (FAX COVER SHEET) TO: 04 Cdtimy 4Ssetie/ FAX #: 9a9 - 0133 DATE: 3=a-'l—o7 FROM: Tr\ in p/c4 3 f 7 0157a RE: Tic " ,12.J X co l3 ab'd Comments: • Parcel # 095915400004 Account# Rp0 3288 To appeal by mail, list your name, address, and phone number below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Name: PsY Agrt�,y��t Weld County Assessor Address: o16y Y141 %egr4 1400 N. 17th Avenue Gi4 ca eid6;9 Greeley, CO 80631 Phone: 47,- 9i/7- 2S?d An assessment percentage will be applied to the actual value of your property before taxes are calculated. The assessment percentage for residences is projected to be 7.Q6 %. Generally,all other property,including vacant land,is assessed at 29% of actual value.§39-1-104(1)and (1.5), C.R.S. • Your property was valued as it existed on January 1 of the current year. • The tax notice you receive next January will be based on this value. • Your right to appeal your property value expires on June 1, 2007. • All property in Colorado is revalued every odd year. APPRAISAL PERIOD: The appraisal data used to establish your real property value was from the 18 month period ending June 30, 2006. Your value is based on comparable sales of properties during that period. If the senior citizen property tax exemption has been applied to your property,it is not reflected in the value shown above. The following property characteristics were used to estimate your property value: OCCUPANCY1 COMPLETE AUTO DEALER YEAR BUILT 1987 CLASS MASONRY TOTAL BLDG SQ FT 62070 TOTAL COMMERCIAL SQ FOOTAGE 62070 TOTAL BUILDING COUNT 1 'The square footage listed is the total exterior square footage and may include other structures on the property. Improvements means all structures,buildings,fixtures,fences,and water rights erected upon or affixed to land,whether or not title to such land has been acquired,§ 39-1-102(7),C.R.S. - Nov 181/212 62 04/07 REAL PROPERTY QUESTIONNAIRE ATTACH ADDITIONAL DOCUMENTS AS NECESSARY MARKET APPROACH: This approach to value uses sales from the appropriate time period to determine t actual value of your property. The following items, if known, will help you estimate the market value of yc property. If available, attach a copy of any appraisal or written estimate of value. Have similar properties in your immediate neighborhood sold? DATE SOLD PROPERTY ADDRESS SELLING PRICE Note: The Cost and Income Approaches are used for Non-Residential properties only. COST APPROACH: This approach uses replacement cost new, less depreciation and is best when the structui are new or less than 5 yrs old. If the structure is less than 5 yrs old please answer the following: Type of Structure Cost to construct new Have changes been made since construction. Please describe them. Type of change Cost Type of change Cost Type of change Cost INCOME APPROACH: This approach uses net income from operation of a property which was rented or leas the previous year and converts the net income into actual market value. Please attach operating statements showi income and expenses related to operation of the buildings only. These statements should reflect the past 3 years operation if possible. Also show rents of comparable properties if you have that information available. If you h< an appraisal showing the income approach which was done in the past 2 years, please attach also. Based upon the information shown above please give your estimate of the true market value of your property as June 30, 2006 $ 3,,0-90 a o DOCUMENTATION - REASON FOR REQUESTING A REVIEW: Cost yetiN fi. Se/ AA l4 (h&j-illy . a CI 1) /fr/lre d 1//911.., ;y C✓ri e' 4,4 4 I All 9(14 4' 4vt of tI' vy 24' cmot. y Verification: I,the undersign d owner or agent of this property,state that the information and facts contained her and on any attachments const tute true and complete statements concerning the described property. Signature: el Owner dirP Date: ..�^ a) (circle one Address: a6y, 0f? Noe 6>te4 6 Daytime Phone #:(9X) -?S30 --5/11 sMen( NOV 181/212 6204, FSY Partnership 2699 47th Avenue Greeley, CO 80634 Phone: 970.352.1313 May 24, 2007 Weld County Assessor 1400 N.17th Avenue Greeley, CO 80631 Re: Tax Appeal for Account# R0013288 Dear Tax Assessor: We received your May 1, 2007 Notice of Valuation for Real Property for Account # R0013288 and wish to appeal the proposed valuation. Our strategy is to compare our facility with the other dealerships that we compete with. These facilities all have service areas, showrooms, offices, etc. that are needed in a dealership. The issues below are the same ones that Don Mueller mentioned in his 2005 appeal. Issues: 1. FSY land is valued higher than any other dealership. If the average (excluding Hyundai and Weld County Garage) (4.80/ sq. ft.) were applied, the FSY land valuation would reduce by approximately $149,000. 2. FSY improvements (buildings) are valued higher than any other dealership. If you just take the average excluding Hyundai and Weld County Garage (31.89/sq. ft.), the FSY property valued at that level would reduce the valuation by approximately $624,000. 3. The FSY building was originally built in 1987, the oldest building of all comparable buildings. The date others were built range from 1991 to 1999. The age of the building effects greater maintenance costs, particularly in the overall structure, particularly the roof, the HVAC, grounds, etc. 4. Although restoration was accomplished on the FSY property, additional consideration should be given for the age of the basic structure and the maintenance costs associated with age. Based on the comparisons on the attached analysis we feel the 2007 property tax valuation should be closer to $3,575,000. Thank ou for considering this Real Property Valuation Appeal. /Jrl_/1{l T omas Smerud FSY Partnership 970-347-2530 • to N M CO 3 o 9 O 7 O o. co O O) 0 N COC rn O) o CD vi m 2 . CCoo It CO O O cp o 3 co co Co to co M S S S S S OO)) 0) COf) CO) O O)O COO O) O N CO CO co a [)' N o N CO CO co m a CO i2f) M O 8 N co N j co r r N- CO CO 1n To CO M O — CO Co O> UD CO 2 U) r p S N fA fA (ft 0 N S S C 0 C0 C 0 CI) 0 CO CD E 0 C u" cc-) COI) a) -al Ni- r > C• v t Wr N in CO 00) O r E N- W CO O) o _. a0 O 0) O a .= O) O O) O O om tO N O O 0 U I) CD CD N- 00000 La O CI) C O V 7 V d • a On N- UD NI- 0 00) N C O CCON O O O O O CO O o Cu r CO C` O CO r V > N CO CO 00)) COO CO In J S CA CO V fA CA a a OD 0 CO CO N C O J •it (NO M N O r O Or Q 0) CO N a co co N r V V 03 Z O OD O CO N O)0) 0 D Z CO N 0) O) N if) a r N a 0 v r O O OS W N. C CA T d coT T CO Cu m >, o I W 2 m m d N y co 4 0 d m o)c Q N ) ? 0 O N 0 _ = a x „,co U O �p V y a> Cu a m m CO v V C c o aa) c m m I I L Fo co U' 0 Hello