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Home My WebLink About20072279.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2007, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: OLSON MICHAEL C & 2031 LODGEPOLE DR ERIE, CO 80516 DESCRIPTION OF PROPERTY: ACCOUNT#: R1956003 PARCEL#: 146732118015- ERI 1-OVR L15 BLK1 VISTA RIDGE FG 1-O 2031 LODGEPOLE DR ERIE 000000000 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 year 2007,claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, said petitioner being present, and WHEREAS,the Board has made its findings on the evidence,testimony and remonstrances and is now fully informed. NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County,acting as the Weld County Board of Equalization,that the evidence presented at the hearing clearly supported the value placed upon the Petitioner's property,after review by the Weld 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 shall be, and hereby is, affirmed as follows: ACTUAL VALUE AS DETERMINED BY ASSESSOR Land $ 100,000 Improvements OR Personal Property 288,840 TOTAL $ 388,840 2007-2279 ,gS� d4 Per AS0067 g.47-0.7407 RE: BOE - OLSON MICHAEL C & PAGE 2 BE IT FURTHER RESOLVED that 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 Court's 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 fora 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. 2007-2279 AS0067 RE: BOE - OLSON MICHAEL C & PAGE 3 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 also has the power to administer oaths, and all questions of law and fact shall be determined by him. The arbitration hearing maybe 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$150.00 per case. The arbitrator's fees and expenses, not including counsel fees, are to be paid as provided in the decision. The above and foregoing Resolution was,on motion duly made and seconded, adopted by the following vote on the 3rd day of August, A.D., 2007. BOARD OF COUNTY COMMISSIONERS A �� WELD COUNTY, COLORADO ATTEST: f /,,,,/,�/��'//l' EXCUSED Tom* �'"^7 David E. Long, Chair ty Clerk to the Board William H. Jerk ro-Tem 1161 N} �.�+_;4 Imo. rk to the Board 7,( 9 , ) William F. Garcia O .• +►�S TO FORM: N EXCUSED Robert D. Masden Assi�$!!``aant Cotthty Attorney p v � Douglas R demacher Date of signature: Ph/7 2007-2279 AS0067 WELD COUNTY CHRISTOPHER WOODRUFF COUNTY ASSESSOR BRENDA DONES, DEPUTY ASSESSOR VALUATION REPORT OF RESIDENTIAL IMPROVED PROPERTY FOR County Board of Equalization OLSON MICHAEL C & OLSON JESSICA L PETITIONER VS. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 1467-32-1-18-015 Schedule Number: R1956003 Log Number: 3929 Date: 08/03/2007 Time: 9:30am Board: CBOE PREPARED BY DUANE M ROBSON Signature Date ASSESSOR'S OFFICE STAFF APPRAISER ASSESSOR'S VALUE Improvements 288,840.00 Land 100,000.00 Total: 388,840.00 CeOE_RES_010898 Page 1 GENERAL DESCRIPTION AND MARKET SUMMARY SUBJECT SITE AND IMPROVEMENTS This property is located at 2031 LODGEPOLE DR in the city of ERIE. The legal description of the property is ERI 1-OVR L15 BLK1 VISTA RIDGE FG 1-O 2031 LODGEPOLE DR ERIE 000000000. Utilities available to the site are typical for the area. The residence is a Frame Hardboard house constructed in2004. It has 2927 square feet of finished living area. There are 4 bedrooms. The Assessor has classified the structure as a 2 Story home of Average quality, using Average quality materials. a Ot . Erni ° --iikp _ 7 i, _,____ _ _, ,Tmei,3___.,_ .„.4, ....7 10 1111 - -' - IIIIIIIIIII • CBOE_RES_010898 Page 2 MARKET APPROACH SUMMARY Real property for the tax year 2007 must be valued utilizing the level of value for the period of one and one-half years immediately prior to July 1, 2006. A period of five years immediately prior to July 1, 2006 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 Improvements 288,840.00 Land 100,000.00 Total: 388,840.00 CBOE_RES_010898 Page 3 Comparable Number 1 O r O —-- , i I -.1,1-Ii— i i'!llli1IDillthil Comparable Number 2 in -T7‘.:`,''',..'14:1; i vi 771- Co � ,.I'..I —.-.—::: l al ' I' 1 a_r e-- Comparable Number 3 y . 10.ofiliA --_401(41_`' ' '------ ---7.4:_.,i___-:-MIN..-1.IN-:::;'''I';t;17,,c;;::1 l' . .�_j, Ili ...i,,,,o.„(D,:....)- , ..-,.ii 1 , Ill mm., .___,_i , . .______, L, _ .._._._....__........ _ . ........ . . _.,_._,, _ . ____________ _, CBOE_RES_010898 Page 4 Comparable Number 4 } r; Comparable Number 5 - MN .` I Comparable Number 6 h 40,_ CBOE_RES_010898 Page 5 j W'cid County, Coforad° •I Vista Ridge fr,rernet 7f,u:mrn,-;Awl:caora ,� - - p IC,R. 4 I CRESTmEW.LN 1.*"...--- ,!�,C, ALPINE DR i Goff Course y~"'. I Legend , � �� ! ''• Li tr mly Buuw6lry Cnm #4 ,� I�A. k P , Roads ■■•� pry ParcelAiireS J p '"R‘<,(./,, ... -Parcel '4Y tiro Subject 0 A. Camp#3 , 1r a Comp *1 O� Comp rim yin Z 17 ii Corny ;,?.ise-7.1-7,. . i06,6 gli r n =g0141601416ST , .4.� - 0 t S L ED ' 41 c T 8 275 554 • Stale:14 .1.5 trlap center-43'Q'91 Q"N, 105'1'a.e• w --.s—.:c•L^a user xi-ere==az min ut 7-m a-'rhmet manatog slte are is"or General retere-re sn y. Ora:avers Ihst*veer on'ha mss ray or may not De accurate,ctrrent,or vter.vr..e rrlet:ie. THIS MAP:5 NOT TC.EE USED.i.RA.'t- ' ATICP. I.)L:OCiC."X CBOE_RES_010898 Page 6 CU ft I Lu O a saajaaaaa ■ aaaa } aaa ( 6666\ 25 03 ; ! CC U. O 70 Nc• 2 t � \ 2 .arV! ! N ! era ! , , . ® § § ! : @7 aE ! l, , , |, wa: 2 � � � . . � � o |. klf! ! 0 § !!7 Cc` § §l 01: 702 , . 0l- Nr COOL / z !# V \;2aq ; ; 2 ; a \ ; 2 & al2aa88 6 6Ow ° § ` - N fa §� ra C @ ° ce • ®E ! ! CC m 2 ! | ! | 2 \ 2 Dal ! 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G { 8o 4 217 @ s oraarItr «5mOrOO) O ' 8 , _ a = f7 « % l , , , » .__; A % ; 2 ; a ; � ; a ; a ; a ; k #m � ; : 0 \ in ° E { . } q § ` s 2 k | § % a us § { . f)| ( $ �§ § mk § � : � ._ r � a - ! ! f CO § § f &§ a § ##` \ 7 § ! r00 S) ! !! m oQ ., , Fi . 8 . - � , $ 8 © th ! I) \ § O f co en - , § }}(§/ 9eekRa / kp 0 { § Iaai= Itaw»& er „ ca , N § ■ . $ § | | f � i ! , > > it 43• Lk v. ® | ! ! ! ! ! 2 ! | 0 ; ! � ! 2 $ )■ { kkk § : ! , « « ° & ; � � f „ kk /0. aliz28Mr2a o ! § ! 2262 ! = J ! NOTICE OF ADJUSTMENT OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. 4,ta ERI 1-OVR L15 ELKl VISTA RIDGE FG OREELEv,co 80631 1-O 2031 LODGEPOLE DR ERIE PHONE(970)353-3845,EXT.3650 000000000 www.co.weld.co.us WIlD C OWNER: OLSON MICHAEL C & COLORADO OLSON MICHAEL C & LOG 3929 2031 LODGEPOLE DR PARCEL 146732118015 ERIE, CO 8O516 ACCOUNT R1956003 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): Residential property - The property is valued by the market approach to value . 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 process . This value reflects the market price paid during the base period of January 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 2OO9 appraisal period This is in compliance with Colorado law. PETITIONER'S ASSESSOR'S VALUATION PROPEIRTY CLASSIFICATION ESTIMATE } co M OF VALUE ACTUAL VALUE ACTUAL VALUE ti G`S /"y PRIOR TO REVIEW AFTER REVIEW RES ITIA� L '-am 400487 388840 O c" Lij Lir C) -' 111 CJ 0 cc TOTALS $ $ 400487 $388840 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 NOD 207 62 67/07 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. If you choose to appe. 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 will be notified of` time and place set for the hearing of your appeal. C r 9 ; 'ARDOR EOVALIZATIOW SDETERMINATION: 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. TSVERRIGHTS FOR FURTHER i' 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. �f ^(LV i CC14-G.(LIU.4 C ecLL DA7b6 /0 `) -L SIGNAL iIaNE NOD 20762 87/07 2031 Lodgepole Drive Erie, CO 80516 July 16, 2007 Weld County Board of Equalization 915 10th Street, P.O. Box 758 Greeley, CO 80632 RE: PETITION TO THE COUNTY BOARD OF EQUALIZATION REGARDING WELD COUNTY ASSESSOR'S VALUATION OF PROPERTY Dear Weld County Board of Equalization: We are in receipt of a"Notice of Adjustment"from the Weld County Assessor in response to our "Protest of Real Property Value"letter dated May 31, 2007. While we appreciate the adjustment the Assessor made from $400,487 to $388,840, we still feel the new value is too high. We are unable to understand what the justification could possibly be for assessing our home at a value well above the sales price of three comparable properties in our immediate neighborhood sold between January I, 2005 and June 30, 2006. We also fail to understand why our home was assessed at a higher value than the assessment values of similar homes on our street. Our suggestion continues to be that a more reasonable figure is $360,000. We respectfully request that the Weld County Assessor be required to provide specific evidence supporting the $388,840 assessment, or in the alternative, lower the assessment accordingly. Enclosed with this petition is a copy of our"Protest of Real Property Value" letter(and its accompanying documents)that was sent to the Assessor on May 31, 2007`. This letter explains in detail why we believe our home should be assessed at a lower value. It is our hope that you will read the letter in its entirety, however, for your convenience, we have also duplicated data from the letter immediately below. The following table compares our home with three properties on our street that were sold between January 1, 2005 and June 30, 2006. 'To the best of our knowledge this letter is identical to that which was originally sent to the assessor. Unfortunately we have been traveling the past few weeks and received the"Notice of Adjustment"in mail that was forwarded to us during our travels. We were not able to enclose an exact photocopy of the original letter and its enclosures. We did not have the papers with us on our travels and the July 16, 2007 due date for this petition was prior to our return to Colorado. What is enclosed, however, is a print-out of what we believe to be the electronically saved text of the letter and data sheets extracted a second time from the Weld County Assessor's web page. Table 1: Sales Prices of Similar Homes in the Area Address Sale Price Total Acres Number of Number of SQ. of Bedrooms Bathrooms FT. Land Our Home: 2927 .2 3 + One 120 2.5 2031 Lodgepole Dr. N/A SQ. FT room in an otherwise unfinished basement. 1928 Lodgepole Dr. $351,800.00 2949 .1717 3 3 1936 Lodgepole Dr. $355,600.00 3240 .1653 4 4 1978 Lodgepole Dr. $377,100.00 3240 .2545 4 4 As illustrated by the table, each of these three homes has slightly more total square feet than ours. Two of the homes have more bedrooms and bathrooms on the main floor. All of the homes sold for significantly less than the $388,840 appraisal given our home, an appraisal said to have been based upon the same time period during which the three homes sold. The following table provides a comparison of data from "Weld County Assessor Property Profiles"descriptions of homes in our neighborhood with that of our home. Table 2: Assessed Values of Similar Homes in the Area Total Home"Built #of It of Basement Land Acres of Address Property As"SQ Ft Bed Bath Finished SQ Valuation Land Valuation Ft. Our Home: $388,840 2927 4 3 120 $100,000 0.2 2031 Lodgepole Dr. *2025 Lodgepole Dr. $361,606 2784 3 3 0 $100,000 .2305 •2035 Lodgepole Dr. $383,403 2784 4 4 132 $100,000 .3083 2013 Lodgepole Dr. $378,683 2937 3 3 0 $100,000 .2044 2009 Lodgepole Dr. $372,179 2784 4 3 0 $100,000 .2044 2026 Lodgepole Dr. $333,029 2797 3 3 0 $80,000 .2041 2042 Lodgepole Dr. $365,522 3192 3 3 0 $80,000 .1778 2019 Lodgepole Dr. $379,377 2784 3 4 0 $100,000 .2044 *This property is next door to our home and is situated on a larger piece of land. This table illustrates that the Assessor assessed our home at a higher value than the values assessed for other similar homes in the area. While some of these homes may also have been assessed too high compared to the sale prices of the similar homes of Table 1, our concern here is that there appears not to have been consistency in the Assessor's assessment methodology. We don't understand why our home which is both similar to and built at approximately the same time as these homes should be valued thousands of dollars higher. Some of these homes have larger yards, more bathrooms, and more over-all square feet. Based on the information above, we respectfully request that you grant our appeal and lower the assessment of our home to a value of approximately $360,000. This value compares to the actual sale prices of similar homes sold in the area during the period of January 1, 2005 through June 31, 2006. Thank you for your consideration. Very truly yours, Michael and Jessica L. Olson Enclosures 2031 Lodgepole Drive Erie,CO 80516 May 31, 2007 Christopher M.Woodruff Weld County Assessor 1400 N. 17th Avenue Greeley, CO 80631 RE: PROTEST OF REAL PROPERTY VALUE Dear Assessor Woodruff: We are in receipt of the"Notice of Valuation Real Property"dated May 1, 2007 from your office. The notice says the value of our home is $400,487. This reflects an increase of$26,838 in the actual value of our property from the prior year to the current year. This is more than a 7% increase in value! We are unable to understand what the justification for such a substantial increase could possibly be when there is evidence to suggest that home values in the area are not only NOT increasing at such a rate,but instead may be falling. We suggest a more reasonable figure is $360,000. According to a Denver Post news article titled "Housing Slump Deepens", dated September 5, 2006, "Weld County home values fell 0.35 percent in the second quarter,compared with a year ago, a sharp downshift from a 3.7 percent annual gain seen in the first quarter." A copy is attached. Both this decrease of 0.35% and the increase of 3.7% fall within the 18 months prior to June 30, 2006 upon which your appraisal of our property is purportedly based. In addition, a Denver Post news article titled"Weld Co. ranks No. 1 in foreclosures", dated September 13, 2006 (copy attached), states, "Weld County ranked first among 252 metro areas for its rate of foreclosures in August... the Weld county market is worse than the late 1980s, and they didn't even have the loan products we have now" With these reports, how can a 7% increase in property value possibly be justified? We have identified three properties in our immediate neighborhood, in fact on our street, that were sold between January 1, 2005 and June 30, 2006. For your convenience, we have enclosed printouts describing these sales from the"Improved Property Sales Search"results provided by your web site. We created the table below to provide a simple and straight-forward comparison with our home and the three homes that were sold during that time period. Table 1: Sales Prices of Similar Homes in the Area Address Sale Price Total Acres Number of Number of SQ. of Bedrooms Bathrooms FT. Land Our Home: 2927 .2 3 +One 120 2.5 2031 Lodgepole Dr. N/A SQ. FT room in an otherwise unfinished basement. 1928 Lodgepole Dr. $351,800.00 2949 .1717 3 3 1936 Lodgepole Dr. $355,600.00 3240 .1653 4 4 1978 Lodgepole Dr. $377,100.00 3240 .2545 4 4 As one can see, each of these three homes has slightly more total square feet than ours. Two of the homes have more bedrooms and bathrooms on the main floor. All of the homes sold for significantly less than the$400,487 appraisal given our home, an appraisal said to have been based upon the same time period during which the three homes sold. In addition to providing information about similar properties in our neighborhood that sold during the January 1, 2005 to June 31, 2006 time period, we have also enclosed several printouts of"Weld County Assessor Property Profiles"describing homes in our neighborhood. Also, in an effort to make the comparison between these homes and ours more convenient, we have created the table below. Table 2: Assessed Values of Similar Homes in the Area Total Home"Built #of #of Basement Land Acres of Address Property As"SQ Ft Bed Bath finished SQ Valuation Land Valuation Ft. Our Home: $400,487 2927 4 3 120 $100,000 0.2 2031 Lodgepole Dr. *2025 Lodgepole Dr. $361,606 2784 3 3 0 $100,000 .2305 *2035 Lodgepole Dr. $383,403 2784 4 4 132 $100,000 .3083 2013 Lodgepole Dr. $378,683 2937 3 3 0 $100,000 .2044 2009 Lodgepole Dr. $372,179 2784 4 3 0 $100,000 .2044 2026 Lodgepole Dr. $333,029 2797 3 3 0 $80,000 .2041 2042 Lodgepole Dr. $365,522 3192 3 3 0 $80,000 .1778 2019 Lodgepole Dr. $379,377 2784 3 4 0 $100,000 .2044 *This property is next door to our home and is situated on a larger piece of land. The purpose of this table is to illustrate that not only did you assess our home at a substantially higher value than what similar homes in the area have sold for, it appears that you may also have assessed our home at a higher value than the values assessed for other similar homes in the area. While some of these homes may also have been assessed too high compared to the sale prices of the similar homes of Table 1, our concern here is that there appears not to have been consistency in your assessment methodology. Based on the information above, we respectfully request that you reassess our home at a value of approximately$360,000. This value compares to the actual sale prices of similar homes sold in the area during the period of January 1, 2005 through June 31, 2006. Thank you for your consideration. }vs Very truly yoyrs, / Michael and Jessica L. Olson Attachments http://origin.denverpost.com/fdcp?1184382775472&ci=%3Cimages%3... denverpostscorn business appreciate, but at a slower pace. Metro Denver home values rose at a Housing slump deepens 2.7 percent annual clip in the second quarter, down from a 3.4 Appreciation rates cool off along the Front percent pace in the first. Range,and Weld County sees an actual decline In values. Ss Aldo Seaidi Fort Collins and Larimer County Denver Post Staff Writer annual home appreciation rates Article Last Updated:09/05/2006 11:57:20 PM MDT slowed to a 1.2 percent pace in the quarter,compared with a 3.9 percent pace in the first. Weld County homeowners saw their home values decline as the nation's housing market hit the brakes hard "These data are a strong indication in the second quarter, according to that the housing market is cooling a report issued Tuesday by the in a very significant way,"said Office of Federal Housing Enterprise James Lockhart, director of the Oversight. Office of Federal Housing Enterprise Oversight. "Indeed,the deceleration Weld County home values fell 0.35 appears in almost every region of percent in the second quarter, the count compared with a year ago, a sharp country." downshift from a 3.7 percent annual Nationally, existing-home values gain seen in the first quarter. rose at a quarterly pace of 1.17 percent from April to June, compared with a 2.2 percent Elsewhere along the Front Range, quarterly pace from January to existing homes continue to March. i Advertisement -- Veit Olt 50,000 squme feotsshanttm of New a Used Office knit= `As.OFFICE LIQUIDATORS ll d ';` __..,. 203-7557-3375 OFF y , Ile.'^° .e +� x$ •P!o Of teiiauidators am �Yo� n ,y-.tan°"0"nLeeeiikie"ngle arer wd*e*ureem at okn parks' 3 �:rti L o .. ✓" � 2r fvpr�i.Jl.li I of 3 7/13/2007 9:14 PM http://origin.denverpost.com/fdcp?1184382775472&ci=%3Cimages%3... denverpostecom fin i,N.,,k r,,,, I The deceleration was the sharpest has resulted in lower mortgage rates I of any recorded in the federal and has given real estate markets a agency's index since its start in chance to gain their balance. 11975. Slower Front Range gains were In Weld County, the housing market I expected, given that home values isn't dead, but it barely has a I have outstripped income gains for heartbeat, said Pam Worster, a several years running, said Bill broker associate with Century 21 in Kendall, an economist with the Greeley. Center for Business and Economic Forecasting in Denver. Buyers who bought within the past three years without putting any "Over the last dozen years, incomes money down, a common practice, have gone up only half as fast as can't sell for what they owe. home prices,"he said. "I would Foreclosures follow, putting further expect that we will see housing downward pressure on prices. prices grow more slowly than income for the next several years." Higher gasoline prices have made the long commute from Weld If there is a saving grace in the County to Denver or Fort Collins weak report, it is that the Federal less appealing to potential buyers. Reserve will have a harder time resuming interest-rate hikes, Kendall said. Worster, who calls Greeley the "bargain capital of Colorado,"said A pause by the Fed in its two-year she has seen$200,000 homes campaign of higher interest rates going for$180,000. "There is a navenisemam Mit Off 50,000 sgewe foot showroom of New 8 Used Office fwvilwe OFFICE LIQUIDATORS ,. -- ri .. 303 7°S8 337.5 _... . �, j 4114 �� I mrtaemu mart$!Cp �. �fnt�110 !6ateR[rPo '�° x I s . ,Yea me Knee sirs rile oswq our rYKeaKe attune a',inditeNimes 7-3147 i .', r s t,,,�„„ ,„ , Ope per mvanrr Grprk raNird ailE oMer alkrs. i 2 of 3 7/13/2007 9:14 PM http://origin.denverpost.com/fdcp?1184382775472&ci=%3Cimages%3... denverpostecom n; trickle of buyers,"she said. The only area covered in the report that is bucking the trend is Grand Junction-Mesa County, where home values rose at a 14.1 percent annual pace, up from an 11.12 percent annual pace in the first quarter. A robust oil and gas sector and the city's status as a retirement haven have helped boost demand in Grand Junction. Unlike other home-price measures that look at home sales in a given time, the Office of Federal Housing Enterprise Oversight's index tracks the sale of the same home over time. It has a database of 31 million repeat transactions spread across 31 years. Staff writer Aldo Svaldi can be reached at 303-954-1410 or asvaldi a denverpost.com aavemsmmem Whit owso,000 square fed showroom ofNe &Used Office Fr a rAkOFFICE LIQUIDATORS •gy 3O3-7541,-337S 64.P x. P . IbIF W mn11nI411k.S 0`ficetigmralots com: €. s �vr. a .` ter nest preseMartwW eisittyeer�p*train at time of recline a. s yr+ rs «„e,vi One per wooer.rill mth other offers -- ...... FzNret 131�e7 3 of 3 7/13/2007 9:14 PM http://www.denverpost.com/fdcp?11843829478208Eci=%3Cimages%3... denverpost . h❑ _ business some stage of foreclosure in Weld Co. ranks No. 1 in August, more than seven times the national rate of one of every 1,003 foreclosures households. One of every 196 households in metro Denver was in One of every 136 homes in the county was in some stage of foreclosure in foreclosure In August,more than seven times August. the national rate. By Aldo Svaldh Overall, Colorado has had the Post Staff Writer highest foreclosure rate in the Article Last Updated:09/13/200609:17:28 PM MDT country for each of the past six months, according to RealtyTrac. Weld County, including Greeley, now has the highest rate of "The Weld County market is worse foreclosures in the country, than the late 1980s, and they didn't according to RealtyTrac, a California even have the loan products we firm that tracks foreclosures. have now,"said Matthew Revitte, a broker with Pro Realty Inc. in Greeley and a 21-year real-estate Weld County ranked first among veteran. 252 metro areas for its rate of foreclosures in August. The Denver Weld County had the nation's metro area, at fifth, wasn't far fastest population growth among behind. metro areas between 2000 and 2003, according to the U.S. Census More than one of every 136 Bureau. households in Weld County was in "We were absolutely in a red-hot, —. - — Advertlsemard i Visit ow 50,000 square fort showroom of New 8 Used Offwe Furniture • f &o!!cE LIQUIDATORS p£ _ ,—,._•,5 4 303-7547-3375 x . $SQ OFF Mat ON fm pm+u43Dr 0;nretlevprfatnr<<om s rr s ,. fps ho tool present Ow while visaing en domain el tire Opera's! ' e �M"�I_ stt wet per WNW 4eeshsuhini with other offers !vry 7.31.7_-. 1of3 7/13/2007 9:16 PM http://www.denverpost.com/fdcp?11843829478208rxi=%3Cimages%3... denverpost.r iru tn.'ler,., schizophrenic market where nothing Greeley now ranks near the bottom could go wrong. Everyone was in the nation for home-price jumping into the party," Revitte appreciation -along with Rust Belt said. cities such as Detroit and Kokomo, Ind. Weld County ranks as one of the top cattle-producing areas in the Weld County has recorded 1,393 country and is a significant natural- foreclosures this year, said Donna gas production area in the state. Schmidt, Weld County's chief deputy Major employers include Kodak, public trustee. Swift Foods and the University of Northern Colorado. Many workers in "We are seeing a lot of adjustable- the county commute to Denver or rate loans that could have been Fort Collins for jobs. refinancings,"said Schmidt. "The mortgages are not old." Aggressive lending and building followed by stagnant wage growth Two other reports on foreclosures and home-price appreciation have came out Wednesday: proved toxic for the Greeley-area home market. Foreclosure.com reported that Colorado ranks second among According to the Office of Federal states for the rate of homes in Housing Enterprise Oversight, foreclosure that have been returned homes resold in Weld County in the to lenders. Only Georgia, which has second quarter declined 0.35 suffered from wide-scale mortgage percent in value over the past year. fraud, ranked higher. It was the first decline there since 1990. The Mortgage Bankers Association reported that 1.21 percent of J Mriertisement - -- — Visiteut50,000severe feet*room of New B Used Officefumdwe AKOFRCELIQUIDATORS 3O3-759-337S„ - '-" $ ruaarmutmues"$106 O4fkttiou datorc(9'i' k'/t Yuma Vmfem ibis ehil lid, ox shoerorm m time pl prrtnust, n! it a 5 a x ,.ic;�i .,k ., , _ Ove per msbmer�pupen 7,1mlap7el•ilh plMr ahem _... _ pxpirm 1. 2 of 3 7/13/2007 9:16 PM http://www.denverposlcorn/fdcp?11843829478208cci=%3Cimages%3... corn Iw Ili it I'' mortgage loans in the state were in reported. Baton Rouge ranked foreclosure, compared with 0.99 second to Greeley in August for its percent nationally. foreclosure rate. Schmidt estimates that Weld Staff writer Aldo Svaldi can be I County homeowners are rescuing reached at 303-954-1410 or their homes out of foreclosure in asvaldi@denverpostcorn . fewer than one out of three cases. Print Finail Rebu nm Trip Some homeowners cure their foreclosures-that is, get current on mortgage payments-only to slip back again. Homes that borrowers have lost are popping up again in foreclosure under new owners. I Greeley's stay on the top of the chart, however, could be short. Late last month,the U.S. Department of Housing and Urban Development lifted a ban on foreclosures on FHA loans in areas affected by Hurricane Katrina. In the East Baton Rouge Parish, foreclosures jumped to 1,507 in August from 56 in July, RealtyTrac - _ Advertisement Visit our 50,000 square f f ssbewrloan of New t Used Office Fondrort ® OFFICE LIQUIDATORS ez iP -s —+ 303 75.4—'3:375 $50 OFF - rwa axrw wwxxm 3300 ` ^`fc3•llcuaat°rs oar ' Iw ern Onseet tins ibi f eiptt ter Imes et time ol'Richest. wW W rem1S e,tb othenHers. Grins 131-07 3 of 3 7/13/2007 9:16 PM Assessor Sales Data Window http://www.co.weld.co.us/departments/assessor/sales_data_detail.cfm?... Improved Property Sales Search Property Location Parcel Number: 146732129015('iii) Account Number:R1966703 Section:32 Township:01 Range:68 Address: 1928 LODGEPOLE DR,ERIE Description:VISTA RIDGE FG 1Q Sale Details Reception Number: 3258819 Sale Date: 31-]an-05 Sale Price: $351,800.00 Grantor: KDB HOMES INC Grantee: MUSSRO KEITH& Property Characteristics Year Built: 2004 Property Type: Residential Land Type: Residential Acres:0.1717 Land SQ.FT.: 7478 Number of Buildings: 1 Primary Occupancy: Single Family Residential Built As: 2 Story Exterior:Frame Hardboard HVAC:Central Air to Air Number of Rooms: 0 Number of Bedrooms: 3 Number of Baths: 3 Total SQ.FT.: 2949 Residential SQ.FT.: 2949 Commercial SQ.FT.: 0 Basement Fin.SQ.FT.: 0 Mezzanine SQ.FT.: 0 Garage SQ.FT.: 700 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ.FT.: 108 Balcony SQ.FT.: 0 Out Building SQ.FT.: 0 1 of 1 7/13/2007 9:23 PM Assessor Sales Data Window http://www.co.weld.co.us/departments/assessor/sales_data_detail.cfm?... Improved Property Sales Search Property Location Parcel Number: 146732129016(M•:p) Account Number:R1966803 Section:32 Township: 01 Range:68 Address: 1936 LODGEPOLE DR,ERIE Description:VISTA RIDGE FG 1Q Sale Details Reception Number: 3273173 Sale Date: 28-Mar-05 Sale Price: $355,600.00 Grantor: KDB HOMES INC Grantee:HALL STEVEN E& Property Characteristics Year Built: 2004 Property Type: Residential Land Type: Residential Acres: 0.1653 Land SQ.FT.:7200 Number of Buildings: 1 Primary Occupancy:Single Family Residential Built As: 2 Story Exterior: Frame Hardboard HVAC:Forced Air Number of Rooms: 0 Number of Bedrooms: 4 Number of Baths:4 Total SQ.FT.: 3240 Residential SQ.FT.: 3240 Commercial SQ.FT.: 0 Basement FIn.SQ.FT.: 0 Mezzanine SQ.FT.: 0 Garage SQ.FT.: 520 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ.FT.: 150 Balcony SQ.FT.: 0 Out Building SQ.FT.: 0 1 of 1 7/13/2007 9:24 PM Assessor Sales Data Window http://www.co.weld.co.us/departments/assessor/sales_data_detail.cfm?... Improved Property Sales Search Property Location Parcel Number: 146732120002(V.;p) Account Number:R1957003 Section:32 Township:01 Range:68 Address: 1978 LODGEPOLE DR,ERIE Description:VISTA RIDGE FG 1-0 Sale Details Reception Number: 3258834 Sale Date: 31-Jan-05 Sale Price: $377,100.00 Grantor: KDB HOMES INC Grantee:TON CAROLINE V& Property Characteristics Year Built: 2004 Property Type: Residential Land Type: Residential Acres: 0.2545 Land SQ.FT.: 11085 Number of Buildings: 1 Primary Occupancy: Single Family Residential Built As: 2 Story Exterior: Frame Hardboard HVAC:Central Air to Air Number of Rooms: 0 Number of Bedrooms: 4 Number of Baths:4 Total SQ.FT.: 3240 Residential SQ.FT.: 3240 Commercial SQ.FT.: 0 Basement FIn.SQ.FT.: 0 Mezzanine SQ.FT.: 0 Garage SQ.FT.: 682 Condo SQ.FT.: 0 Carport SQ.FT.: 0 Porch SQ.FT.:408 Balcony SQ.FT.: 0 Out Building SQ.FT.: 0 1 of 1 7/13/2007 9:26 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmdr-QUERY&DE... WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R1956003 Parcel*: 146732118015 Tax Area: 3520 Bordering County: Acres: 0.2 Township Ranee Section Ouart.Sec. Subdlvison Name Blocks Lot# 01 -68-32- 1 VISTA RIDGEFG#10- 1- 15 Owners Name&Address: Property Address: OLSON MICHAEL C& Street:2031 LODGEPOLE DR ERIE 2031 LODGEPOLE DR City:ERIE ERIE,CO 80516 Additional Owners: OLSON JESSICA L Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception# 6/15/2004 $418,400 WD 3189880 Legal Description ERI 1-OVR L15 BLK1 VISTA RIDGE FG 1-O 2031 LODGEPOLE DR ERIE 000000000 land Valuation Summary Land Type Abst Code Unit of Number of Actual Value Assessed Measure Units Value Residential 1112 Site Land Subtotal: $100,000 $7,960 $uildings Valuation Summary Bldg# Property Type Actual Value Assessed Value 1 Residential Improvements Subtotal: $288,840 $22,990 Total Property Value $388,840 $30,950 Building Details Account#: R1956003 Parcel*: 146732118015 Owners Name&Address: Property Address: OLSON MICHAEL C& Street:2031 LODGEPOLE DR ERIE 2031 LODGEPOLE DR City:ERIE ERIE,CO 80516 Buildine# Property Tyoe 1 Residential 1 of 2 7/13/2007 10:20 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... Individual Built As Detail Built As: 2 Story Year Built: 2004 Exterior: Frame Hardboard HVAC: Central Air to Air Interior Finish: Drywall Built As SQ Ft: 2927 *of Baths: 3 Roof Type: *of Bdrms: 4 Roof Cover: Composition Shingle n of Stories: 2 Rooms: 0 Units: 0 Garage: Attached SQ Ft: 700 Detached SQ Ft: Basement• Total SQ Ft 1341 Finished SQ Ft: 120 2 of 2 7/13/2007 10:20 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgLasp?cmd=QUERY&DE... WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R1955903 Parcel*: 146732118014 Tax Area: 3520 Bordering County: Acres: 0.2305 Township Ranee Section Ouart.Sec. Subdivison Name Block*Lot* 01-68-32- 1 VISTA RIDGE FG#10- 1- 14 Owners Name&Address: Property Address: MURRAY BRANDON& Street: 2025 LODGEPOLE DR ERIE 2025 LODGEPOLE DR City: ERIE ERIE,CO 80516 Additional rlwn... MURRAY AUBREE C Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception* 4/29/2004 $404,400 WD 3176305 Legal Description ERI 1-OVR L14 BLK1 VISTA RIDGE FG 1-O SITUS: 2025 LODGEPOLE DR ERIE 000000000 Land Valuation Summary LandType Abet Code Unit of Number of Assessed Measure Units Actual Value Value Residential 1112 Site Land Subtotal: $100,000 $7,960 Buildings Valuation Summary Bldg* Property Type Actual Value Assessed Value 1 Residential Improvements Subtotal: $261,606 $20,820 Total Property Value $361,606 $28,780 Building Details Account*: R1955903 Parcel*: 146732118014 Owners Name&Address: property Address: MURRAY BRANDON& Street:2025 LODGEPOLE DR ERIE 2025 LODGEPOLE DR City:ERIE ERIE,CO 80516 $uildina# Property Noe 1 Residential 1 of 2 7/13/2007 9:44 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... Individual Built As Detail Built As: 2 Story Year Built: 2004 Exterior: Frame Hardboard HVAC: Central Air to Air Interior Finish: Drywall Built As SQ Ft: 2784 it of Baths: 3 Roof Type: a of Bdrms: 3 Roof Cover: Composition Shingle A of Stories: 2 Rooms: 0 Units: 0 Attached SQ Ft: 682 Detached SQ Ft: Basement• Total SQ Ft: 1440 Finished SQ Ft: 2 of 2 7/13/2007 9:44 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... WELD COUNTY ASSESSOR PROPERTY PROFILE Accounts: R1956103 Parcel*: 146732118016 Tax Area: 3520 Bordering County: Acres:0.3083 Township Range Section Ouart.Sec. $ubdivison Name Block#Lot* 01 -68-32- 1 VISTA RIDGE FG#1 0- 1 - 16 Owners Name&Address: Property Address: NIELSEN ERIK 3& Street:2035 LODGEPOLE DR ERIE 2035 LODGEPOLE DR City:ERIE ERIE,CO 80516 Additional Owners: NIELSEN ERIN IN Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception# 1/23/2004 $410,800 WD 3149378 Legal Description ERI 1-OVR L16 BLK1 VISTA RIDGE FG 1-O SITUS: 2035 LODGEPOLE DR ERIE 000000000 Land Valuation Summary Land Type Abst Code Unit of Number of Actual Value Assessed Measure Units Value Residential 1112 Site Land Subtotal: 9100,000 $1,960 Buildings Valuation Summary Bldg# Property Type Actual Value Assessed Value 1 Residential Improvements Subtotal: $283,403 $22,560 Total Property Value $383,403 $30,520 Building Details Accounts: R1956103 Parcel*: 146732118016 Owners Name&Address: Property Address: NIELSEN ERIK 3& Street:2035 LODGEPOLE DR ERIE 2035 LODGEPOLE DR City:ERIE ERIE,CO 80516 Building* Property Type 1 Residential 1 of 2 7/13/2007 9:45 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... individual Built As Detail Built As: 2 Story Year Built: 2003 Exterior: Frame Siding IWAC: Forced Air Interior Finish: Drywall Built As SQ Ft: 2784 a of Baths: 4 Roof Type: #of Bdrms: 4 Roof Cover: Composition Shingle #of Stories: 2 Rooms: 0 Units: 0 Garage: Attached SQ Ft: 682 Detached SQ Ft: an Total SQ Ft: 1440 Finished SQ Ft: 132 2 of 2 7/13/2007 9:45 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgLasp?Cmd=QUERY&DE... WELD COUNTY ASSESSOR PROPERTY PROFILE Account#:R1955703 Parcels: 146732118012 Tax Area: 3520 Bordering County: Acres: 0.2044 Township Range Section Ouart.Sec. $ubdivison Name Block*Lots 01-68-32- 1 VISTA RIDGEFG#10- 1 - 12 Owners Name&Address: Prooerty Address: MURPHY DEREK T Street: 2013 LODGEPOLE DR ERIE 2013 LODGEPOLE DR City: ERIE ERIE,CO 80516 Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception# 6/7/2004 $403,700 WD 3189368 Legal Description ERI 1-OVR L12 BLK1 VISTA RIDGE FG 1-O SITUS: 2013 LODGEPOLE DR ERIE 000000000 Land Valuation Summary Land Type Abet Code Unit of Number of Actual Value Assessed Measure Units Value Residential 1112 Site Land Subtotal: $100,000 $7,960 Buildings Valuation Summary Bldg# Property Type Actual Value Assessed 1 Residential Value Improvements Subtotal: $278,683 $22,180 Total Property Value ;378,683 $30,140 Building Details Account#:R1955703 Parcel*: 146732118012 Owners Name&Address: Property Address: MURPHY DEREK T Street:2013 LODGEPOLE DR ERIE 2013 LODGEPOLE DR City:ERIE ERIE,CO 80516 Building# Property Tvog 1 Residential Individual Built As Detail Built As: 2 Story Year Built: 2004 Exterior: Frame Hardboard NVAC: Central Air to Air Interior Finish: Drywall Built As SQ Ft: 2937 #of Baths: 3 Roof Type: #of Bdrms: 3 Roof Cover: Composition Shingle #of Stories: 2 Rooms: 0 Units: 0 Garage: Attached SQ Ft: 700 Detached SQ Ft: Basement: Total SQ Ft: 1341 Finished SQ Ft: l of 2 7/13/2007 9:47 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... WELD COUNTY ASSESSOR PROPERTY PROFILE Account#:R1955603 Parcel*: 146732118011 Tax Area: 3520 Bordering County: Acres: 0.2044 Township Range Section ouart.Sec. subdivison Name Block*Lot* 01 -68-32- 1 VISTA RIDGE FG#1 0- 1- 11 Owners Name&Address: Property Address: CARSON THOMAS& Street:2009 LODGEPOLE DR ERIE 2009 LODGEPOLE DR City:ERIE ERIE,CO 80516 Additional Owners: CARSON DEBRA Business/Complex: sales Summary Sale Date Sale Price Deed Type Reception# 6/2/2004 $407,900 WD 3187097 -mtPecrtind9a ERI 1-OVR L11 BLK1 VISTA RIDGE FG 1-0 SITUS: 2009 LODGEPOLE DR ERIE 000000000 }and Valuation Summary Unit of Number of Actual Value Assessed Land Type Abst Code Measure Units Value Residential 1112 Site Land Subtotal: $100,000 $7,960 );trlldlags Valuation Summary Actual Value Assessed BId9# Property Type Value 1 Residential Improvements Subtotal: $272,179 $21,670 Total Property Value $372,179 $29,630 Building Details Account*:R1955603 Parcel*: 146732118011 Owners Name&Address: Property Address: CARSON THOMAS& Street:2009 LODGEPOLE DR ERIE 2009 LODGEPOLE DR City: ERIE ERIE,CO 80516 Building* Property Type 1 Residential I of 2 7/13/2007 9:46 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... Individual Built As Detail Built As: 2 Story Year Built: 2004 Exterior: Frame Hardboard HVAC: Central Air to Air Interior Finish: Drywall Built As SQ Ft 2784 *of Baths: 3 Roof Type: *of Bdrms: 4 Roof Cover: Composition Shingle #of Stories: 2 Rooms: 0 Units: 0 Garen: Attached SQ Ft: 682 Detached SQ Ft: Basement: Total SQ Ft: 1440 Finished SQ Ft: 2 of 2 7/13/2007 9:46 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... WELD COUNTY ASSESSOR PROPERTY PROFILE Account#:R1957103 Parcel*: 146732121001 Tax Area: 3520 Bordering County: Acres:0.2041 Township Range Section Overt.Sec. Subdivison Name Block#Lot* 01 -68-32- 1 VISTA RIDGEFGit 10-4- 1 Owners Name&Address: Property Address: LITTLE JAMES R JR& Street:2026 LODGEPOLE DR ERIE 2026 LODGEPOLE DR City:ERIE ERIE,CO 80516 Additional Owners. LITTLE CAROL W Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception# 2/26/2004 $349,900 WD 3159573 Legal Description ERI 1-OVR Ll BLK4 VISTA RIDGE FG 1-0 SITUS: 2026 LODGEPOLE DR ERIE 000000000 Lind Valuation Summary Land Type Abst Code Unit of Number of Actual Value Assessed Measure Units Value Residential 1112 Site Land Subtotal: ;80,000 ;6,370 Buildinus Valuation Summary Bldg# Property Type Actual Value Assessed Value 1 Residential Improvements Subtotal: ;253,029 ;20,140 Total Property Value ;333,029 ;26,510 Building Details Accounts:R1957103 Parcel*: 146732121001 Owners Name&Address: Property Address: LITTLE JAMES R JR& Street:2026 LODGEPOLE DR ERIE 2026 LODGEPOLE DR City: ERIE ERIE,CO 80516 Building* Prooertr Type 1 Residential 1 of 2 7/13/2007 9:48 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... Individual Built As Detail Built As: 2 Story Year Built: 2003 Exterior: Frame Siding HVAC: Forced Air Interior Finish: Drywall Built As SQ Ft: 2797 *of Baths: 3 Roof Type: *of Bdrms: 3 Roof Cover: Composition Shingle *of Stories: 2 Rooms: 0 Units: 0 6 Attached SQ Ft 706 Detached SQ Pt: Basement; Total SQ Ft: 882 Finished SQ Ft: 2 of 2 7/13/2007 9:48 PM Identify Results http://maps2.mecrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R1957303 Parcel*: 146732121003 Tax Area: 3520 Bordering County: Acres:0.1778 Township Ranee Section Ouart.Sec. Subdivison Name Blodc#Lot* 01 -68-32- 1 VISTA RIDGE FG#10-4-3 Owners Name&Address: Property Address: BUNCH KENNETH I& Street:2042 LODGEPOLE DR ERIE 2042 LODGEPOLE DR City: ERIE ERIE,CO 80516 Additional Owners: BUNCH MAUREEN L Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception# 5/17/2004 $336,000 WD 3182033 Lpaal DescrloUou ERI 1-OVR L3 BLK4 VISTA RIDGE FG 1-O SITUS: 2042 LODGEPOLE DR ERIE 000000000 Land Valuation Summary Land Type Abst Code Unit o/ Number of Actual Value AssessedMeasure Units Residential 1112 Site Value Land Subtotal: $80,000 $6,370 Buildings Valuation Summary Bldg# Property Type Actual Value Assessed 1 Residential Value Improvements Subtotal: $285,522 $22,730 Total Property Value $365,522 $29,100 Account#: R1957303 Building Details Parcel#: 146732121003 Owners Name&Address: Property Address: BUNCH KENNETH 7& Street:2042 LODGEPOLE DR ERIE 2042 LODGEPOLE DR City:ERIE ERIE,CO 80516 Buildina# property Type 1 Residential I of 2 7/13/2007 9:49 PM Identify Results http://maps2.metrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... Individual Built As Detail Built As: 2 Story Year Built: 2003 Exterior: Frame Siding HVAC: Central Air to Air Interior Finish: Drywall Built As SQ Ft: 3192 #of Baths: 3 Roof Type: #of Bdrms: 3 Roof Cover: Composition Shingle *of Stories: 2 Rooms: 0 Units: 0 Attached SQ Ft: 684 Detached SQ Ft: Basement• Total SQ Ft: 1519 Finished SQ Ft: 2 of 2 7/13/2007 9:49 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DE... WELD COUNTY ASSESSOR PROPERTY PROFILE Account*: R1955803 Parcel*: 146732118013 Tax Area: 3520 Bordering County: Acres: 0.2044 Township Range Section Ouart.Sec. Subdivlson Name Blocks Lot* 01 -68- 32- 1 VISTA RIDGEFG#10- 1 - 13 Owners Name&Address: Property Address; COBLENTZ GLEN T& Street:2019 LODGEPOLE DR ERIE 2019 LODGEPOLE DR City:ERIE ERIE,CO 80516 Additional Owner*: COBLENTZ LISA Business/Complex: Sales Summary Sale Date Sale Price Deed Tyne Reception* 1/29/2004 $404,700 WD 3150238 Leaal DescrlotIgio ERI 1-OVR L13 BLK1 VISTA RIDGE FG 1-0 2019 LODGEPOLE DR ERIE 000000000 Land Valuation Summary Land Type Abst Code Unit of Number of Assessed Measure Units Actual Value Value Residential 1112 Site Land Subtotal: $100,000 $7,960 Buildinas Valuation Summary Bldg* Property Type Actual Value Assessed Value 1 Residential Improvements Subtotal: $279,337 $22,240 Total Property Value $379,337 $30,200 Building Details Account*: R1955803 Parcel*: 146732118013 Owners Name&Address: Property Address: COBLENTZ GLEN T& Street:2019 LODGEPOLE DR ERIE 2019 LODGEPOLE DR City:ERIE ERIE,CO 80516 Building* property Tyne 1 Residential 1 of 2 7/13/2007 9:47 PM Identify Results http://maps2.merrick.com/Website/Weld/setSgLasp?cnld=QUERY&DE... Individual Built As Detail Built As: 2 Story Year Built: 2003 Exterior: Frame Siding HVAC: Forced Air Interior Finish: Drywall Built As SQ Ft: 2784 #of Baths: 4 Roof Type: #of Bdrms: 3 Roof Cover: Composition Shingle #of Stories: 2 Rooms: 0 Units: 0 Garage• Attached SQ Ft: 682 Detached SQ Ft: an. Total SQ Ft: 1440 Finished SQ Ft: 2 of 2 7/13/2007 9:47 PM Table 1: Sales Prices of Similar Homes in the Area Address Sale Price Total Acres Number of Number of SQ. of Bedrooms Bathrooms FT. Land Our Home: 2927 .2 3 + One 120 2.5 2031 Lodgepole Dr. N/A SQ. FT room in an otherwise unfinished basement. .311O5 1928 Lodgepole Dr. $351,800.00 2949 .1717 3 3 1936 Lodgepole Dr. $355,600.00 3240 .1653 4 4 1978 Lodgepole Dr. $377,100.00 3240 .2545 4 4 Table 2: Assessed Values of Similar Homes in the Area Total Home"Built #of #of Basement Land Acres of Address Property As"SQ Ft Bed Bath Finished SQ Valuation Land Valuation Ft. Our Home: $388,840 2927 4 3 2031 Lodgepole Dr. 120 $100,000 0.2 *2025 Lodgepole Dr. $361,606 2784 3 3 0 $100,000 .2305 *2035 Lodgepole Dr. $383,403 2784 4 4 132 $100,000 .3083 2013 Lodgepole Dr. $378,683 2937 3 3 0 $100,000 .2044 2009 Lodgepole Dr. $372,179 2784 4 3 0 $100,000 .2044 2026 Lodgepole Dr. $333,029 2797 3 3 0 $80,000 .2041 2042 Lodgepole Dr. $365,522 3192 3 3 0 $80,000 .1778 2019 Lodgepole Dr. $379,377 2784 3 4 0 $100,000 .2044 *This property is next door to our home and is situated on a larger piece of land. EXHIBIT Ac RIci%cO3 a.ta 0. V co en, vQ, b m n m m y V O m m en N Q P N Q O coen LN 00 00 O, Mim 00 P 00 0. in or en OS V) GO £ VI u. O Q 4. C L. ea 0 en 00 v a v Q a dN en 0 m N Cl O N O N C 9 C O IR o 0 0 O O O 0 O LTi ; Cl G C O O o 0 O a co o0 v, EA CA GS GS VI CID V .� . 0. i d q u oz d b ° y , V Fz o No N o 774 � O 0 O O 0 O Yi I ., `i G a el u i. cti It t C C V 0 0 a = p en en V en en m en R2 y so u V z C O ry © # o Z V en V en V en en m o I- I, = d o VI) N N N N N N en N .O Cr, O 0 a0 VI co O1 in y • 00 00 N P b N CO N x '6) 6. W �, en Pi N m N en N N b ._ O. N N en C0 cA cis vi ( zs os (4 of n. b ' V VE. 0!V O. o 0 y a c CC o TS Ven en a bCs N N en ry o f CO 0 0 b r o N IN CU 00 Os 00 C 00 N N en b N Ren EA en GS sms ni' W. CA NL. 9 Q o o ca o o ca o 9 V O 0 N0 u E) V 0. 0. a O 9 b v a v v 0 ti W • O ..] ..1 .6 .. 'O 9 'O xa In a' a .S a° N m O o O O en O C N on O N * * 0 0 0 0 0 CLERK TO THE BOARD rs PHONE (970) 356-4000 EXT 4226 FAX: (970) 352-0242 WEBSITE: www.co.weld.co.us 915 10TH STREET WI ID P.O. BOX 758 C. GREELEY COLORADO 80632 COLORADO July 25, 2007 OLSON MICHAEL C & 2031 LODGEPOLE DR ERIE CO 80516 Parcel No.: 146732118015 Account No.: R1956003 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 3, 2007, at or about the hour of 9:30 AM,to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Department of Planning Services, Conference Room, 918 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 attorney 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 3, 2007, and mailed to you on or before August 10, 2007. 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. 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. OLSON MICHAEL C & - R1956003 Page 2 Very truly yours, Lu/0d2L D OF EQTION Donald D. Warden Clerk to the Board cc: Christopher Woodruff, Assessor Hello