HomeMy WebLinkAbout20072358.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 2007, WELD COUNTY, COLORADO- STIPULATE
PETITION OF:
KERR-MCGEE OIL & GAS ONSHORE LP
C/O TRAVIS HOLLAND PROPERTY TAX
PO BOX 1330
HOUSTON, TX 77251-1330
DESCRIPTION OF PROPERTY: ACCOUNT #: O0098895 PARCEL #: 121136000005 -
LEASEHOLD INT NE4SE4 36 3 66 HSR-FEDERAL 9-3626607
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 County Assessor 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 $ 38,862 $ 34,052
Improvements OR
Personal Property 0 0
TOTAL $ 38,862 $ 34,052
WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld
County Board of Equalization.
2007-2358
AS0067
c.9, 6 � )04.C 07
RE: BOE - KERR-MCGEE OIL & GAS ONSHORE LP, O0098895
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
WELIOUNT CSLS " DO
ATTEST: Milieuei o
David E. Long, Chair
Weld County Clerk to the Board
EXCUSED
William H r P o-Te
'iM1 i J y --,
k to the Board
1861 . * ?..P_ ::': it-
AttantFORM: n .�d-Q.�unt Attorn� 0.-05631
Dsuglas Ikademache
Date of signature:CS-7/j
2007-2358
AS0067
•
2007
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
ASSESSOR'S ACCOUNT NUMBER O0098895
STIPULATION (As To Tax Year 2007 Actual Value)
RE PETITION OF :
NAME: KERR-MCGEE OIL & GAS ONSHORE LP
ADDRESS: PO BOX 1330
HOUSTON TX 77251-1330
w • n w x n :
Petitioner(s),NAME 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:
(Legal description)
2. The subject property is classified as TYPE OIL & GAS REAL
property.
3. The County Assessor originally assigned the following actual value to the subject
property for tax year 2007.
Land $ 38,862
Improvements$ 0
Total $ 38,862 Total Assessed $34,010
4. After further review and negotiation,the petitioner(s) and Weld County Assessor
agree to the following actual value for the subject property.
Land $ 34.052
Improvements$ 0
Total $ 34.052 Total Assessed $29,795
2007-2358
1
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: Value was adjusted
based upon the general market prices per sq. ft. that were in place in the base
period, additionally the income was considered as backup for the market.
7. Both parties agree that the hearing scheduled before the Weld County Board of
Equalization on DATE at TIMEam be vacated; or, a hearing has not yet been
scheduled before the Board of Equalization x (check if appropriate).
DATED this DAY
24TH of JULY, 2007.
etitione or Attorne Petitioner(s) or Attorney
Address: Address:
Telephone: Telephone:
County Asse sor
7"f.
Address:
1400 N.17th Avenue
Greeley, CO 80631
(970) 353-3845 ext. 3656
NOTICE OF ADJUSTMENT OFFICE OF COUNTY ASSESSOR
1400 NORTH 17th AVE.
((d� HSR-FEDER INT N62660 36 3 66 GREEL45. COs 0631
HSR-FEDERAL 9-3626607 PHONE(970)350
www.c,EXT.3o5s
www.co.weld.co.us
wineOWNER: KERR-MCGEE OIL & GAS ONSHORE LP
COLORADO
KERR-MCGEE OIL & GAS ONSHORE LP LOG 4181
C/O TRAVIS HOLLAND PROPERTY TAX PARCEL 121136000005
PO BOX 1330 ACCOUNT O0098895
HOUSTON, TX 77251-1330 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):
Oil and gas leaseholds and lands - The property is assessed at
87 . 5% of the gross value of the oil and/or gas sold or
transported from the premises on primary production; secondary
production is assessed at 75% .
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:
Your real (leasehold) property account has been adjusted for 2007 .
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
PRI PROD4SD VAL 34010 4260
0 34010
EXEMPT P PERTIES
cn
O
>
Cr M
cn
c)—. O
J = tri Ui
v o TOTALS $ $ 34060 $ 38270
PEAL 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(I)(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.
07/10/2007
By: Christopher M. Woodruff
WELD COUNTY ASSESSOR DATE
ADDITIONAL INFORMATION ON REVERSE SIDE
NOD 207 fit 87/07
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.
I you choose to appea t 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
4' wy ':Oj7.
You will be notified of the time and place set for the hearing of your appeal.
*- 51b fickSIOEM ��' `' Jl 11O70
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.
�, ai:°# FOR:"':
If you are not satisfied with the County Boar c o 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.
Tax exempt correction of 4260 was added to value instead of subtracted from value.
Please make necessary corrections.
SIGNA I URE OF PE 1 I fIONbR UA 16
NOD 207 62 87/07
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