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Home My WebLink About20072247.tiff ' re. 0 CLERK TO THE BOARD PHONE (970) 3564000 EXT 4226 FAX: (970) 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 C. COLORADO August 2, 2007 FOE LOIS E C/O DAN FOE 1937 7 AVE WEST SEATTLE WA 98119 Parcel No.: 080120000084 Account No.: R8039899 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Petitioner(s): Based upon information furnished to the Weld County Board of Equalization,we understand that you have withdrawn the petition challenging the valuation of the above PIN number. Please be informed that a withdrawn petition precludes any further challenge to the valuation of the above PIN number for this assessment period.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 SietEsther E. Gesick Deputy Clerk to the Board cc: Christopher Woodruff, Assessor 2007-2247 AS0067 NOTICE OF ADJUSTMENT OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. a PT SE4 20-6-64 LOT C REC EXEMPT GREELEY,CO 80631 RE-2352 (2 . 51R4 . 87D) PHONE(970)353-3845,EXT.3650 I��•••iii111 I(\\ ' * www.co.weld.co.us !Elk OWNER: FOE LOIS E COLORADO FOE LOIS E LOG 3907 1357 43 AV #34 PARCEL 080120000084 ACCOUNT R8039899 GREELEY, CO 80634 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): Agricultural land - The value is determined soley by the earning or productive capacity of the land, capitalized at a rate set by law. 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 actual valuation of your property has been adjusted based on new information obtained. This may be information you have supplied, corrections of characteristics or additional sales which we have uncovered during the appeals Jrocess . This value reflects the market price paid during the base period of anuary 1, 2005 to June 30, 2006 . During the base period of January 1 , 2005 to June 30 , 2006 all market sales, including foreclosure resales were considered in determining your property value . Any sale or foreclosure resale after July 1, 2006 will be considered for the 2009 appraiGal pprinrl Thi ' iq in romplianre with Colorado law. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW AG LAND 30533 30533 AG BUILDIM0S 5854 5854 AG REahDENTIAL 104947 97380 >-r:[ a`' ID �w z x Q a o c— oy' _ cr) ° 3J CD _f J v c c TOTALS $ $ 141334 $ 133767 e4APPEAL 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 2007-2247 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. AJPPEALittlfl If you choose to appeal the 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 note ie. o e time an place set for the hearing of your appeal. COUNITIKIANDIN T+OU A ,, . ` RMNATIONI 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. 'I<' A' 'ER: F R THElt, A S If you are not satisfied with the County Board of 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. D6.4 P PoAtc(SE. 7 NIGNA I URh OP PE II HONER DA I h NOD 207 62 87/07 • Weld County Assessor Parcel: 080120000084 Account: R8039899 July 16, 2007 I wish to appeal the valuation on the ag residential assessor's reviewed valuation. I find it difficult to believe the value of the house went from $ 71 ,513 to $104,947. Even using the reduced value assessed after review, $97,380, the number still seems to high. That would still make for a jump in value of more than 25%. This seems unlikely given market conditions. I'd be happy to sell the place for $80,000. Thanks for your consideration. Very truly yours, May 30th, 2007 Weld County Assessor Parcel: 080120000084 Account: R8039899 Assessment Appeal Dear Mr. Assessor: This property took a mysterious and staggering leap in valuation. I suspect this is because its square footage was conflated with another unused and non-functional structure on the property. Attached are the described 2 houses that appear to have been combined into one unit. This is not the case. There are 2 structures on the property. One is an old but marginally habitable farm house that is in rentable condition. It is more or less accurately described as being 1 172 square feet. The other is an abandoned and unusable building of 576 square feet. The notice of valuation I received describes the residential property as being 1748 square feet. This is not an accurate figure. The only usable residential structure is 1 172 square feet. The property was valued at 71 ,513 on January 1 , 2005. Your current valuation on January 1 , 2007 assumes an enormous rate of appreciation, even if the inaccurate square footage is considered. I have used Zillow as an approximate yardstick for valuation as comparable home sales were difficult to obtain. Zillow uses a market approach to valuation. According to Zillow, the appreciation of residential property in Gill (the nearest town despite the Greeley address) was 1 .3% in 2006 and 6.2% in 2005, making for a total of 7.9% appreciation. I think these are very optimistic numbers. It is more likely that the property actually declined in value in 2006 along with most other residential properties in Weld County. From June 2006 to June 2007 Zillow estimates that Gill properties declined in value by 15.3 %. I will stipulate that the property has gained in value by 8% though I think this unlikely. That would make for an increase in value of 5,721 , making for a total valuation of 77,234. • Page 2 R8039899 appeal I could continue and give a detailed expository essay about the poor condition of the rented building and the soft residential rental market in east Weld County. I am certain you are more familiar than I with the market as of January 1 , 2007. The building itself is rentable but is in poor mechanical condition. I have helped my mother manage the property only since January of 2006. In tax year 2006 the property produced a net income of less than 200$ excluding depreciation. The expense of mere maintenance is prohibitive and can be projected to increase in the immediate future. The property has not been improved in any significant way for many years. It will require considerable expense just to keep the property in rentable condition. I think I could make a good case that the property has actually lost value between 2005 and 2007. In any scenario, more than an 8% increase in valuation is difficult to assert. Thanks for your consideration. Very truly yours, Daniel G. Foe Hello