The URL can be used to link to this page

Browse Search

Home My WebLink About20052326.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2005, WELD COUNTY, COLORADO - STIPULATE PETITION OF: SOUTH COYOTE JUNCTION LLC 15027 WELD CO RD 23 1/2 PLATTEVILLE, CO 80651 DESCRIPTION OF PROPERTY: ACCOUNT#: R1752986 PARCEL#: 095901322026-GR 17317 PT SE4SW4 1 5 66 WGA COMM SW COR OF SE4SW4 THENCE N89D50'E 525.5' NOD17'W 275' ALONG W R/W OF 30TH AV TO TRUE POB S89D50'W 165' NOD17'W 75' N89D50'E 165' SOD17'E 75' TO TRUE POB 907 30 AV GREELEY 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 propertywithin Weld County,fixed and made by the County Assessor for the year 2005, 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 year2005,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 $ 43,288 $ 43,288 Improvements OR Personal Property 285,412 251,162 TOTAL $ 328,700 $ 294,450 WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 2005-2326 AS0061 r(1- As, Ain-- at-/tar RE: BOE - SOUTH COYOTE JUNCTION LLC, R1752986 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 5th day of August, 2005. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: Mill ! , � �1� t /r /.� • William H. Jerke, Chair Weld County Clerk to the ?I �F o ` kr XCUSED ; ,, ' v ' }' . J. Geile, Pro-Tem BY: G vGY .. _ f Deputy Clerk to the Board EXCUSED Da ' 'E. Lon APPRO �S TO FORM: tw` \ Robert D. Masde A etantou IountyAttorney li�1�.��. Glenn Vaad — __ ) Date of signature: (° 2005-2326 AS0061 2005 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S ACCOUNT NUMBER R1752986 STIPULATION (As To Tax Year 2005 Actual Value) RE PETITION OF NAME: SOUTH COYOTE JUNCTION LLC ADDRESS: 15027 WELD CO RD 23 1/2 PLATTEVILLE CO 80651 Petitioner(s), SOUTH COYOTE JUNCTION LLC and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 2005 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 de§cribed as: PT SE4SW4 1-5-66 AKA 907 30 AVENUE, GREELEY CO. (Legal description) 2. The subject property is classified as COMMERCIAL property. (what type). 3. The County Assessor originally assigned the following actual value to the subject property for tax year 2005. Land $ 43.288 Improvements 285.412 Total $328.700 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 43.288 Improvements 251,162 Total $294.450 1 of 2 2005-2326 5. The valuations, as established above, shall be binding only with respect to tax year 2005. 6. Brief narrative as to why the reduction was made: THE ACTUAL LEASE INCOME DOES NOT SUPPORT THE ASSESSOR'S VALUE. 7. Both parties agree that the hearing scheduled before the Weld County Board of Equalization on AUGUST 4, 2005 at 4:30 PM be vacated; or, a hearing has not yet been scheduled before the Board of Equalization _ (check if appropriate). DATED this 19th day of July, 2005. 7 P'etitioher(s) or Attorney Petitioner(s) or Attorney Address: Address /..-77'7 Vet{ z3, 4797-r w/CLc; "o SdL5( Telephone: 7 7 6 U32 Telephone: A ses or Address: 1400 N.17th Avenue Greeley, CO 80631 (970) 353-3845 ext. 3656 2 of 2 NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. GR 17317 PT SE4SW4 1 5 66 WGA COMM cREELEY,co 80631 SW COR OF SE4SW4 THENCE N89D50' E PHONE(970)353-3545,EXT.3650 525 . 5' N0D17'W 275' ALONG W R/W OF www.co.weld.co.us 30TH AV TO TRUE POB S89D50'W 165' N0D17'W 75' N89D50' E 165' SOD17'E C TRUE C Y OWNER: SOUTH COYOTE JJUNCTIONELLC COLORADO • S 1975 15027 WELD CO RD 5 UTH COYOTEN PLARCEL 095901322026 PLATTEVILLE, CO 80651 JUN 3 0 2005 AYEARCCOUNT T 200 R1752986 The appraised value of property is based on the appropriate consideration of the approaches to value required by law. The Assessorhas,determined that your property should be included in the following category(ies): 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: No change has been made to the valuation of this property. Colorado law requires us to send this notice of denial for all properties on which we do not adjust the value . PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE • OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW COMMERCIAL 328700 328700 • TOTALS $ $ 328700 8328700 APPEAL DEADLINES: REAL PROPERTY-JULY 15,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. Please see the back of this form for detailed information on filing your appeal. By: Stanley F. Sessions 06/23/2005 WELD COUNTY ASSESSOR DATE ADDITIONAL INFORMATION ON REVERSE SIDE PR-207-87/03 YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR' S DECISION The County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 5 for real property (land and buildings) and personal property (furnishings, machinery, and equipment). § 39-8-104 and § 39- 8-107(2), C.R.S. APPEAL PROCEDURES: 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 15 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 NOTIFICATION OF HEARING: You will be notified of the time and place set for the hearing of your appeal. COUNTY BOARD OF EQUALIZATION' S DETERMINATION: 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 5. TAXPAYER RIGHTS FOR FURTHER APPEALS: 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): Contact the BAA at 1313 Sherman, Room 315, Denver, Colorado 80203, (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, you must file an appeal with the Board of Assessment Appeals by September 12. TO PRESERVE YOUR APPEAL RiGHTS, YOU MUST ItcoVE YOU HAVE FILEvA 1LVILLY 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. 3 u A uaE ( rE7 i s6 f ' tom_ ""' �� nn /S- C c / /(// 7 ( 776- PR-207-87/03 14 July, 2005 To: Weld County Board of Equalization Re: 907 - 30th Avenue Parcel: 095901322026 Account: R1752986 Year: 2005 The valuation is excessive based on rents, location, and nearby property. Taxes in 2004 of$7,387.84 on a gross income of$38,515.00 amounts to 19%. This was excessive. A proposed increase in valuation of$34,250.00 (11 .63%) is not justified. Year to date income through June is $13,882.41. If not increased in the second half of this calendar year, the total would be $27,764.82. Taxes on the previous valuation would be $27.6% of the gross income. Assuming mill levies remain the same, and the increase in valuation is not rescinded. taxes will be increased from an unbearable 19% to an untenable 31% of gross rents. Further, the property is in the blighted 10`h Street corridor, according to the Greeley Tribune, 5-8-05 and 5-19-05, which does not indicate increased valuation. Accordingly, the building is valued at 8 to 10% of the total the city paid for the K- Mart property across the street from this property. This is disproportionate. We protested this proposed property valuation before, and no adjustment was made. The same has occurred again. We respectfully request your consideration and ask that a fair valuation be established, not to exceed $294,450.00. Respectfully, Rodger S. Streed Janet K. Streed res CLERK TO THE BOARD PHONE (970) 356-4000 EXT 4217 FAX: (970)352-0242 WEBSITE: www.co.weld.co.us.co.us 915 10TH STREET "ligP.O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO July 19, 2005 SOUTH COYOTE JUNCTION LLC 15027 WELD CO RD 23 1/2 PLATTEVILLE CO 80651 Parcel No.: 095901322026 Account No.: R1752986 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 4, 2005, at or about the hour of 4:30 PM,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 5,2005, and mailed to you on or before August 12, 2005. 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 request it directly from the Assessor's Office by fax (970) 304-6433, or by calling (970) 353-3845. Upon receipt of your 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. SOUTH COYOTE JUNCTION LLC - R1752986 Page 2 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. Very truly yours, BOARD OF EQUALIZATION Atet.414a4 Donald D. Warden Clerk to the Board cc: Stanley Sessions, Assessor Hello