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Home My WebLink About20012201.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2001, WELD COUNTY, COLORADO -STIPULATE PETITION OF: REAL TRADING CO INC 330 18 ST GREELEY CO 80631 DESCRIPTION OF PROPERTY: ACCOUNT #: R3327086 PARCEL #:096108408010 - GR 12219-B PT L1 SW4SE4 8 5 65 LYING E OF RR R/W BEG S01D27'W 33' OF NE COR L1 S01 D27'W 145' N88D48'W 59.45' N0D35'E 144.6' N89D11'E 61.65' TO BEG %402 18 ST% 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 2001, 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 2001, 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 $ 23,674 $ 23,674 Improvements OR Personal Property 90,650 54,826 TOTAL $ 114,324 $ 78,500 WHEREAS,said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. 2001-2201 AS0049 RE: BOE - REAL TRADING CO INC 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 3rd day of August, A.D., 2001. BOARD OF COUNTY COMMISSIONERS // WELD CO , COLORADO �LI�N ATTEST: i�'�I/,I/� ,/L _ Qz�4i ��( M. J eile,tr n Weld County Clerk to the Board Vaad, Pro-Tem BY: i >i :'/. _��//I, _i// •'�,• ��i // Deputy Clerk to the Board 1861 a`'�% Si� r✓• ' ( k• . Jerke APPROVED AS TO FORM: O% . ',` A - tieki f Ac / �- id E. Long A4stant C my Attorney Ck _ Robe D. as en 2001-2201 AS0049 2001 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR' S ACCOUNT NUMBER R3327086 STIPULATION (As To Tax Year 2001 Actual Value) RE PETITION OF NAME: REAL TRADING CO INC ADDRESS: 330 18TH' ST Greeley, CO 80631 Petitioner (s) , REAL TRADING CO INC and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 2001 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 : 402 181" STREET Greeley, CO 80631 2 . The subject property is classified as RESIDENTIAL property. 3 . The County Assessor originally assigned the following actual value to the subject property for tax year 2001 . Land $ 23, 674 Improvements $ 90, 650 Total $ 114, 324 4 . After further review and negotiation, the petitioner (s) and Weld County Assessor agree to the following actual value for the subject property. Land $ 23, 674 Improvements $ 54, 826 Total $ 78, 500 5. The valuations, as established above, shall be binding only with respect to tax year 2001 . 2001-2201 6 . Brief narrative as to why the reduction was made : INDUSTRIAL AREA HOUSES DON' T HAVE A HIGH RESALE IN THIS AREA. 7 . Both parties agree that the hearing scheduled before the Weld County Board of Equalization on July 27" , 2001 at 10 : 30 A.M. (time) be vacated; or, a hearing has not yet been scheduled before the Board of Equalization (check if appropriate) . DATED this/ 19TH day of JULY , 2001 . etitioner (s) o At rn y Petitioner (s) or Attorney Address : Address : Telephone: Telephone: 1314(41 ounty Asse sor Address : 1400 N. 17th Avenue Greeley, CO 80631 (303) 353-3845 ext . 3656 I would like to withdraw from CBOE Hearings. DATED this 19 day of,NV Q 2001 NicLiet4 Petitioner(s) NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR 1400 NORTH I7th AVE. � �rig GREELEY,CO 80631 QR' i2219-B PT L1 SW4SE4 8 5 65 LYING " E OF RR R/W BEG S0lD27'W 33 ' OF NE PHONE(970)353-3845,EXT.3650 COR L1 S01D27'W 145' N88D48'W 59 .45' WLIDcj , g 0 35 E 144 . 6 ' N89D11' E 61 . 65' TO BEG �I'�4�21 �8 STS ^, COLORADO i 1E+_ , OWt7ER: REAL TRADING CO INC REAL TRADING CO INC LOG 4008 330 18 ST PARCEL 09610840801 ACCOUNT R3327086 GREELEY, CO 80631 YEAR 2001 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 aproach to value . All other property, including vacant land, 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 as follows: Your request for review was received after the statutory deadline . The assessor' s staff will review your property file later this year as time and resources permit . In the future to keep all of the appeal rights open to you, please request a review of your valuation during the times printed on your notic of valuation. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW RESIDENTIAL 114324 114324 • 114324 114324 $ TOTALS $ $ 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(I)(a),C.R.S. Please see the back of this form for detailed information on filing your appeal. 06/23/2001 By: Stanley F. Sessions DATE WELD COUNTY ASSESSOR IS-DPT-AR Form PR-207-87/99 ADDITIONAL INFORMATION ON REVERSE SIDE YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION st property (lad and buil Board of dings)Equalization will sit personal o propertyertyar p appeals beginning hin sn and equipment)through 04 and 39-8 real 1? P Y ( g ) P P Y ( g , machinery, q P ) 107(2), C.R.S. APPEAL PROCEDURES: If you choose to appeal the Assessor's decision, mail or deliver one copy of this compleated form to the County Board of ON OR BEFOIRE JULY 16 FOR REAL Pour ROPERht to TYaAND JUour LY 20 FOR PERSONALeal must be RPRO EDERR DYLIVERED 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 EOUALIZATION'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 6. 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. 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 The residential property at 402 18"' St. lust isn't worth $114,000. This unit was purchased for around $49,000 and the company spent approximately $20,000 repairing and restoring it. To our way of thinking, that makes it an investment worth $70,000. Though it is used as a residence, and is in good repair, its location precludes rapid appreciation. (Within one block are: OAP Platte Chemical, the MC Co-Generation plant, the obnoxious Cigarette Store, the noisome Union Pacific Railway and several other industrial establishments.) If our company could realize the profits from the sale of 402 18t at a price of $114,000, the company would immediately do so. If we were to attempt to buy this property ourselves, in its current condition, we would offer $85,000 at the most. ViLitAq � k't1 lU K • 4 CLERK TO THE BOARD PHONE (970)356-4000 EXT 4217 FAX: (303)352-0242 WEBSITE: www.co.weld.co.us ' 915 10TH STREET P.O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO July 19, 2001 REAL TRADING CO INC 330 18 ST GREELEY CO 80631 Parcel No.: 096108408010 Account No.: R3327086 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 27, 2001, 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 Centennial Center, First Floor Hearing Room, 915 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 6,2001, and mailed to you on or before August 10, 2001. 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. At least two(2)working days prior to your hearing the Assessor will have available,at your request, the data supporting his valuation of your property. REAL TRADING CO INC - R3327086 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 Donald D. Clerk to the Board BY: % . e --- tc-- --Cr-pit . Carol A. Harding, Deputy cc: Stanley Sessions, Assessor Hello