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Home My WebLink About20012225.tiff RESOLUTION RE: THE BOARD OF EQUALIZATION, 2001, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: FIRSTBANK OF NORTHERN COLORADO C/O FIRSTBANK OF GREELEY P O BOX 150097 LAKEWOOD CO 80215 DESCRIPTION OF PROPERTY: ACCOUNT#: R2598386 PARCEL#:095924100062 - GR 17622-D PT NE4 24 5 66(GALLERY GREEN ANNEX)BEG NE COR SEC S688.26'N89D53'W 49.96'TO TRUE POB N89D53'W 198'N156.82'S89D59'E 168'SELY47.12' S127.17'TO BEG (PT TRACT 3) %2901 23 AVE% 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, said petitioner not being present or represented, 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: 2001-2225 A ‘4 Lrzo tibniYLk MO-)L PA irk az AS0049 RE: BOE- Page 2 ACTUAL VALUE AS DETERMINED BY ASSESSOR Land $ 116,740 Improvements OR Personal Property 205,120 TOTAL $ 321,860 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), CRS) Appeals to the BAA must be made on forms fumished by the BAA, and should be mailed or delivered within thirty (30) days of denial by the CBOE to: Board of Assessment Appeals 1313 Sherman Street, Room 523 Denver, CO 80203 Phone: 866-5880 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 for a review of the record. (Section 39-8-108(1), CRS) 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, CRS) 2001-2225 AS0049 RE: BOE- Page 3 Selecting the Arbitrator: In order to pursue arbitration, you must notify the CBOE of your intent. You and the OBOE 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. Arbitration Hearing Procedure: Arbitration hearings are held within sixty days from the date the arbitrator is selected. Both you and the OBOE 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 may be confidential and closed to the public, upon mutual agreement. The arbitrators 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 arbitrators fees and expenses are agreed upon by you and the OBOE. In the case of residential real property, such fees and expenses cannot exceed $150.00 per case. The arbitrators 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., 2001. BOARD OF OUNTY COMMISSIONERS WELD CO TY, COLORADO ATTEST: �kid% M. J. eile, Ch- r Weld County Clerk to the Board Si ELr�;�i nn Vaad7"'''.'rem BY: . .'/ /.A., s::_'!•�, Deputy Clerk to the Bo-'s ( ' O ter f} lia Jerke AP AST F M: �4l,�t r 4, fi ay! E. LorR ssistant CoUnnfy Attorney 1_ obert D. Masden 2001-2225 AS0049 JUL-02-2001 10:33 1ST BONK; HOLDING 303 235 1044 P.12 , NOTICE OF DENIAL OFFICE OF COUNTY ASSESSOR i ;� r ' ' GR 17622-D PT NE4 24 5 66 (GALLERY 14Ql1NORT14 17ihA�'E. GREELEY,CO 60631 "' ' 1 `` GREEN ANNEX) BEG NE COR SEC $688 _26' N89D53'W 49 . 96' TO TRUE POB PNUNE(974)353-3845,EXT.3650 N89D53 'W 198' N156 . 82' S89D59'E 168' iiii ,.. 91 47 .12' 5127 . 17' TO FEG O � r C( TRACT 3) %2901 23 AVE% COLORADO OWNER: FIRS`i'BANK OF NORTHERN COLORADO RECE'.'lED FiRSTBANK OF NORTHERN COLORADO LOG 4068 C/O FIRSTBANK OF GREELEY PARCEL 09592410006 P O BOX 150097 ACCOUNT R2598386 LAKEWOOD, CO 80215 YEAR 2001 The appraised value of property is based on the appropriate consideration of the approaci,es so value required by time The Assessor has determined that your property should be included in the following category(ics): All other property, including vacant land, is valued by considering the cost, market, and income approaches. 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,lire 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 spouties included on your protest.and has determined the valuation(s)assigned to your property'. The reasons for this determination of value are as follows: No change has been made to the valuation of this property. Colorado law requires us to send this notice of denial for all properties cn which we do not adjust th value. ill PETITIONER'S i ASSESSOR'S VALUATION 1 PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE I ACTUAL VALUE ` PRIOR TO REVIEW ( AFTER REVIEW u COMMERCIAL 321860 321860 L l TOTALS $ $ 321.860 £ 321860 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-S- 106(1)(a),C.R.S. Please are the back of this form for detailed information on filing your appeal. 06/19/2001 By: Stanley F.Sessions WELD COUNTS'ASSESSOR DATE 15-DPT-AR TiiTAI P.12 2001-2225 STATE OF COLORADO WELD COUNTY PETITION FOR APPEAL TO THE HONORABLE WELD COUNTY BOARD OF EQUALIZATION: Petitioner, 1ST Bank Colorado Corp., c/o Tax Profile Services Inc. (TPS) located at 2525 16th St., Suite 225, Denver, CO 80211, requests a review of the County Assessor's Notices of Determination for the Subject Property described below for tax year 2001. A Statement of Agency is also attached. PROPERTY OWNER'S NAME: 1ST Bank Colorado Corp. a/k/a 1ST Bank Holding Company MAILING ADDRESS: c/o Tax Profile Services, Inc. 2525 16th St. , Suite 225 Denver, Colorado 80211 PROPERTY NAME: 1ST BANK GREELEY BRANCH-GREELEY -43 PROPERTY ADDRESS: 2901 23RD AVENUE GREELEY, Colorado SCHEDULE NUMBER: R2598386, APPEAL IS ON: Land & Improvements DESCRIPTIVE COMMENTS OF APPEAL: Correct square footage should be used in calculating values for Cost, Market and Income approaches . Functional obsolescence should be applied for design and utility in the cost approach. An accrued depreciation percentage should be calculated and used in the Cost approach. Sales used in the Market Approach should only include arms-length transactions, and not include property sold as going concerns. The income approach should only include rents that have been verified, and the Market approach should only include sales which have been verified. Determination: SIGNATURE OF PETITIONER: P�/ I`V•W "_/ NAME: Jeffrey Mo$Pd :l$ PHONE NUMBER: (303) 477- phone (303) 477-4597 fax STATEMENT OF AGENCY Property Owner, FIRSTBANK Holding Company of Colorado, hereby appoints TAX PROFILE SERVICES, Inc. (hereinafter"TPS") as Property Owner's representative in connection with the valuations for assessment of Property Owner's real property and or personal property in THE STATE OF COLORADO FOR 2001-2002, for taxes payable the following year (hereinafter"Subject Property"). TPS shall have full authority to: a) Review all applicable records relating to the valuation for assessment of the Subject Property, b) Discuss the valuation for assessment of the Subject Property with the County Assessor, with any representative of the Assessor's office, or with the County, as to the amount of valuation which TPS deems appropriate in the circumstances, c) Accept the valuation for assessment, and d) Pursue any statutory remedies which Property Owner may possess before the County Assessor, County Board of Equalization, County Board of Commissioners, State Tax Court,District Court, Appellate Courts, or in binding arbitration in the Property Owner's name and on Property Owner's behalf. The person signing below is acting in a representative or official capacity, or as attorney- in-fact and has the authority to do so on behalf of the Property Owner. This agreement shall remain in effect until revoked in writing by property owner. FIRSTBANK Holding Company of Colorado C c (so ( Signature // Date �p 5fe cvI L f lL. C, C-�c' ,�C,'LI cc>p' (/c i /�Gf[GEC Name Title e----cvf{-/uv,f ( (o ( 4; 00nyce -y Company Name 60(v i. a.de; BOARD OF ASSESSMENT APPEALS, STATE OF COLORADO 1313 Sherman Street, Room 315 Denver, Colorado 80203 Petitioner: FIRST BANK OF COLORADO CORP., v. Respondent: JEFFERSON COUNTY BOARD OF EQUALIZATION. Attorney or Party Without Attorney for the Petitioner: Docket Numbers: 37405-37408 Name: William A.McLain, Esq Address: 3962 South Olive Street Denver, CO 80237-2038 Phone Number: (303) 759-0087 E-mail: Attorney Reg. No.: 6941 ORDER THIS MATTER was heard by the Board of Assessment Appeals on February 1,2001,J. Russell Shaw, Harry L Fuller, and Karen E. Hart presiding. Petitioner was represented by William McLain, Esq. Respondent was represented by Lily Defiler, Esq. PROPERTY DESCRIPTION: Subject property is described as follows: PERSONAL PROPERTY (Jefferson County Schedule Nos. 911326, Docket No. 37405; 910971, Docket No. 37406; 908374, Docket No. 37407;917655,Docket No.37408) Petitioner is protesting the 2000 actual value of the subject properties: personal property located at 5125 South Kipling Parkway, 6701 South Wadsworth Boulevard, 1940 South Kipling Parkway, and 7590 West Colfax Avenue. 1 ISSUES: Petitioner: Petitioner contends that four items: the teller lines, the night depository box, the bank vault excluding the door, and the fire alarm system are real property and not personal property. These items are affixed to the building. Respondent: Respondent contends that the vault is already considered real property; only the doors are personal property. The other three items are treated as personal property for the subject properties, as they are for all bank properties in Jefferson County. Del Mesa Farms determined that, despite whether the property is affixed to the real estate, it is personal property if the use is primarily tied to a business operation. • FINDINGS OF FACT: 1. Docket Nos. 37405, 37406,37407, and 37408 were consolidated for this hearing. 2. Petitioner's witness, Ms. Kasey A. Holtz, Vice President of Administration for Tax Profile Services, Inc., testified that she has taken appraisal courses but is not a licensed appraiser. She has been working with Petitioner's personnel for the last year regarding their personal property valuations and classifications. 3. Ms. Holtz testified that the teller lines and night deposit box were built into the building and should be real property. The fire alarms arc required for operation of the bank due to code requirements and are built into the bank walls. The bank vault should be real property; only the vault door should be classified as personal property. 4. Ms. Holtz testified that the Marshall Valuation Service definition of a bank includes night depositories and vaults as part of the real property cost valuation. It does not include vault doors. • 5. Under cross-examination, Ms. Holtz admitted that she has not taken any personal property valuation classes. She worked briefly with another bank four years ago regarding bank personal property. She has read the Del Mesa Farms case but still maintains these items are real property. 6. Upon questioning from the Board, Ms. Holtz testified that she distinguishes between burglar alarm systems and fire alarm systems due to the Marshall Valuation Service definitions of included items in its bank occupancy description. 7. Petitioner did not request a specific actual value for the subject properties. They are requesting a determination of classification of the four disputed items as personal property. 37405-08.01 2 JVJVVV��VJ I .VJ/W 8. Respondent's witness, Ms. Lisa Cresson, an Appraiser in the Personal Property Department of the Jefferson County Assessor's Office, testified that she has taken cost, market, income, and personal property classes. She reviews approximately 300 personal property accounts each year. She conducts audits of businesses. Ms. Creason was accepted as an expert in the field of personal property appraisal. 9. Ms. Cresson pointed out that Petitioner classified the disputed items as personal property on the renditions submitted to the assessor. She clarified that the vault itself was classified as real property. The only portion listed as personal property was the vault door. 10. Ms. Creason testified that the disputed items are considered personal property in Jefferson County and are classified as such for all banks. 11. Ms. Cresson testified that personal property is considered to be anything that can be removed from the property. All of the disputed items can be removed from the real property. The Division of Property Taxation, Assessors Reference Library CARL), states that personal property is property that is primarily tied to the business. The disputed items are not currently being valued as part of the real property. 12. Under cross-examination, Ms. Cresson testified that the real property is valued according to its use as a bank. All three approaches to value are used to value the real property. 13. Under questioning from the Board, Ms. Cresson testified that the ARL does not specifically identify the disputed items as personal property. She has seen fire alarm systems and night depository boxes removed from the real property by subsequent owners in other properties. The teller counters have a long life. 14. Under redirect examination, Ms. Cresson testified that she sees no distinction between security systems and fire alarms. Both are treated as personal property. 15. Respondent assigned the following actual values to the subject properties for tax year 2000: Docket Number Schedule Number Actual Value 37405 911326 $274,946.00 37406 910971 $152,830.00 37407 908374 $155,346.00 • 37408 917655 $324,100.00 CONCLUSIONS: 1. Respondent presented sufficient probative evidence and testimony to prove that the subject properties were correctly valued for tax year 2000. 37405-08.01 3 2. It is undisputed that vault doors should be valued as personal property. After careful consideration of all the evidence and testimony, the Board is persuaded that only the vault doors are being valued as personal property; the vaults themselves are valued as real property. 3. In Del Mesa Farms and BAA v. The BOE of Montrose County (97CA0686), the courts found that "...regardless of whether a particular item is affixed to a building and may otherwise constitute a fixture system, the item constitutes personal property if its use is primarily tied to a business operation." 4. As to the night depository, teller lines, and fire alarm system, the Board is persuaded that these items are primarily tied to the business operation of Petitioner and should therefore be considered personal property. These items are trade fixtures related to the business. None of the items are essential to the operation of the buildings. The buildings could be operated without the disputed items. 5. Petitioner also pled that the Marshall Valuation manual included these items as part of the real property cost approach. Therefore, Petitioner claims they were double assessed by Respondent. The Board takes no jurisdiction over the real property values, as those are different properties that are not under appeal in these cases. The issue of double assessment would come into question primarily under the cost approach, and the Board does not know which valuation methodology was used to value the real property. ORDER: The petition is denied. APPEAL: Petitioner may petition the Court of Appeals for judicial review within 45 days from the date of this decision. If Respondent alleges procedural errors or errors of law by this Board, Respondent may petition the Court of Appeals for judicial review within 30 days from the date of this decision. 37405-08.01 4 DATED and MAILED this ty'iaday of February,2001. BOARD OF ASSESSMENT APPEALS ae� . sell Shaw •?"1 Harry J.F 1 ‘-gamsy, cl-LAd+ Karen E.Han • This decision was put on the record FEB 14 2001 1EOFc0t I hereby certify that this is a true • and correct copy of the decision of ; SEAL • the Board of Assessment Appeals. o , e y900S a..... P�e� t4 Diane Von Dollen 37405.08.01 TOTAL P.05 Weld County STANLEY F. SESSIONS COUNTY ASSESSOR MICHAEL SAMPSON, CHIEF APPRAISER ASSESSOR'S VALUE REPORT OF COMMERCIAL PROPERTY FOR County Board of Equalization FIRSTBANK OF NORTHERN COLORADO PETITIONER vs. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Parcel Number: 0959-24-1-00-062 Schedule Number: R2598386 Log Number: 4068 Date: 08/03/01 Time: 10.00 AM Board: CBOE PREPARED BY STAN JANTZ 8.-m -a( Signature L6 /) Date Signature Date ASSESSOR'S OFFICE STAFF APPRAISER CBOE COMM_010998 Page 1 SALIENT FACTS AND CONCLUSIONS Purpose of Appraisal To determine Market Value as of 1/1/2001 based on an appraisal date of 6/30/00. Property Rights Appraised Unencumbered fee simple interest. Location 2901 23 AV GREELEY Land Area 29,185 Square Feet Zoning C-H Property Type Commercial Bank Year Built 1978 Year Remodeled 1994 Quality Average Class Wood Frame Number of Stories 1 Improvement Sq. Ft. 3,388 Basement Unfinished Sq. Ft. Basement Finished Sq. Ft. Mezzanine: Value Indications: Land 116,740.00 Cost Approach 374,311.00 Market Approach 389,000.00 Income Approach 324,000.00 Assessor's Value 321 ,860.00 CBOE_COMM 010998 2 Page 2 SUBJECT PHOTOGRAPHS • iiiir �I _____IIII- I__________--4LQ ---- ---- _ Cl_ IllaliaIPMINMIMMIH._c_c__;:..„.„.___ twin SUBJECT PROPERTY VIEWING FRONT sks• e � ��6 `` Y'i'h �F+'� • �� - ..• I .. pn arse. • • • SUBJECT PROPERTY VIEWING REAR 3 • COMPARABLE LAND SALES • SALE ADDRESS GRANTOR/GRANTEE DATE OF SALES AREA IN PRICE/ NO. SALE PRICE SQ FEET SQ FEET SUBJECT 29,185 $4.00 Q-LUBE LANDINGS DEVELOP/ 12/01/97 $76,000 17,835 $4.26 1 3303 23RD AV JAMES HARRIS EVANS, CO WELD COUNTY LANDINGS DEVELOP/ 10/29/97 $303,700 55,225 $5.50 2 BANK WELD COUNTY BANK 3651 23RD AV EVANS, CO COLLEGE CREDIT WATSON&KIRK/ 08/17/98 $256,788 48,480 $5.30 3 UNION COLLEGE CREDIT UNION 2901 29TH AV GREELEY, CO VACANT LAND WATSON&KIRK/ 03/10/99 $266,900 48,480 $6.00 4 SE CORNER OF DENNIS BRANSCUM 29TH ST &27TH AV GREELEY M:\WPFILESICOMMERCIASGAISPBANK01 4 ca z.." 15,7,4 174,--,4-4 L'Wm ° i 'tiA 9TH t 1 �1 8TH I � nau Ink 8TH_ �-42 19-33 �� e COMPARABLE LAND SALE MAP .0o A 3 AVENUE 11T ' `• ro m YO�iTN Utre[Par. y y ..o x •t*m . Pe N� 11T STREE Rr, ■. e r2� SH 0� �m�1 STREE RDA �' ` �■� o Z m ®■■■..■■� ■3Th 2TH 3i 114T!� 9, •a 1R•H Z .��m■■.®��•r 3=- ` I siR3 'no o W 9L 14 . .TR6 HI ��•m 'e "' ■ M:ek' MSmonal M ... 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N 2 9 COST APPROACH SUMMARY The Assessor is currently using Marshall and Swift cost tables for the cost approach of commercial properties in Weld County, which has been approved by the Division of Property Taxation to be utilized by Colorado Assessors. The structure has been classified properly utilizing the Marshall and Swift Valuation service and an appropriate value assigned. A land value has likewise been established through the utilization of vacant land sales of comparable properties. Improvement Value 257,571 .00 Land Value 116,740.00 TOTAL VALUE BY THE COST APPROACH 374,311.00 6 • BANK MARKET SALES • GROSS SALE SALE SQUARE PRICE PER ADDRESS DATE PRICE FEET SQUARE FOOT SUBJECT 3,388 $95.00 #1 PLAINS REAL ESTATE 06/30/00 $449,000 3,238 $138.67 3700 W. 10TH ST. GREELEY,CO #2 1ST CHOICE BANK 06/01/98 $353,600 2,708 $130.58 1229 10TH AV GREELEY, CO #3 CACHE BANK 12/28/95 $525,000 6,130 $85.64 924 11TH ST. GREELEY, CO NOTE;The average of all three sales is $118.30 per square foot. MARKET CALCULATIONS Subject's gross square feet 3,388 at$115.00 per square foot equals $389,620 SUBJECT VALUE BY THE MARKET APPROACH; $389,000 MAWPasSCco ecL\SGAISTBANK.u, 7 INCOME APPROACH BANK LEASES BANK NAME AND ADDRESS BUILDING RENTAL RATE AREA PER SQ.FT. 1ST CHOICE 1069 MAIN STREET 2,122 11.31 NNN* WINDSOR, CO COMPASS BANK 3501 W. 12TH STREET 6,120 13.73 NNN GREELEY, CO CACHE BANK 924 11TH STREET 6,130 12.13 NNN GREELEY, CO INDEPENTANT BANK 1503 9TH AVENUE 1,888 10.17 NNN GREELEY, CO INCOME CAPITALIZATION Subject square feet 3,388 at 11.50 per square foot equals 38,962 Less vacancy&collection loss 5% -1,948 Effective income 37,014 Less management&reserves 8% -2,961 Net operating income 34,053 Capitalization rate 10.5% Income value 324,314 SUBJECT VALUE ESTIMATED BY THE INCOME APPROACH; $324,000 M:\WPPB.BS\COMMERCUSGI\ISTBANK0I V t (it CLERK TO THE BOARD PHONE (970)3564000 EXT 4217 FAX: (303)352-0242 I WEBSITE: www.co.weld.co.us 915 10TH STREET P.O. BOX 758 WI D O GREELEY, COLORADO 80632 • COLORADO July 19, 2001 FIRSTBANK OF NORTHERN COLORADO C/O FIRSTBANK OF GREELEY P O BOX 150097 LAKEWOOD CO 80215 Parcel No.: 095924100062 Account No.: R2598386 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 3, 2001, at or about the hour of 10:00 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. FIRSTBANK OF NORTHERN COLORADO - R2598386 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. Warden, Clerk to the Board BY: /4 `/1'7 ,,ti.�..._<t Carol A. Harding, Deputy cc: Stanley Sessions, Assessor JEFFREY MONROE TAX PROFILE SERVICES INC 2525 16TH ST, SUITE 225 DENVER CO 80211 BOE SUMMARY SHEET Account Number: R2598386 Parcel Number: 095924100062 FIRSTBANK OF NORTHERN COLORADO C/O FIRSTBANK OF GREELEY P O BOX 150097 HEARING DATE: August 3, 2001, AT 10:00 AM HEARING ATTENDED? (Y® NAME: AGENT NAME: JEFFREY MONROE TAX PROFILE SERVICES INC 2525 16TH ST, SUITE 225 DENVER CO 80211 APPRAISER NAME: SGJ DECISION ACTUAL VALUATION ORIGINAL SET BY BOARD Land $ 116,740 $ Improvements OR Personal Property 205,120 Total Actual Value $ 321,860 $ COMMENTS: I MOTION BY "E V) � TO SECONDED BY Geile - Y/i) �—T Jerke Failed to prove appropriate value Long - ) No comparables given Masden --j ) _Assessor's value upheld Vaad j$7N) Other: RESOLUTION NO. Hello