The URL can be used to link to this page

Browse Search

Home My WebLink About920891.tiff (1oC "-OOZY'. 15.DPT FOP' TESCRIBED BY THE PROPERTY TAX ADMINISTRATOR FORM 920 1/66-6/90 PEI N FOR ABATEMENT OR REFUND OF TAXES-c. F. _CKEL CO.. DENVER 36312 I, Petitioners: Use this side only. Greeley , Colorado, June 22 19 92 City or Town To The Honorable Board of County Commissioners of Weld County Gentlemen: Stanley Vi and Rebecca S Katz The petition of ) whose mailing address is 9620 E Grand Ave Englewood Co 80111 City or Town State Zip tf„yde '_<1 SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX-ROLL' tT 4325086 LAS 11889-A PT NW4 6 4 65 (ULRICHS ADD ANNX) etc (1055-06-2-00-029) (400 S 2 St, LaSalle) respectfully requests that the taxes assessed against the above property for the years A. D. 19... 91., 19 90 , are erroneous, illegal, or due to error in valuation for the following reasons: (Completely describe the circumstances surrounding the incorrect value or tax.) In accordance with Senate Bill 91-231, petitioner requests review and adjustment of the 1991 and 1990 assessed value. Subject's over-valuation is verified by the assessment reduction the property received in 1992 and is further verified by the attached report showing it's value in the appropriate time periods for the earlier tax years. Summation: This property was over-assessed, based on an error in classification of the mini-warehouse quality and construction type, and on depreciation of the car wash. The errors were corrected in a 1992 appeal, and the actual value set at $210,000 ($60,900 assessed) . Petitioner requests the assessment for the previous two tax years (1990 and 1991) be corrected as allowed by law. 1S0.. 19 91 Value Tax Value Tax Orig. 76,870 7,603.44 81 ,000 8, 173.71 Abate. 15,970 1,579.64 20, 100 2,028.29 Bal. 60,900 6,023.80 60,900 6, 145.42 « - The taxes (have) (Xauetxrat) been paid. Wherefore your petitioner prays that the taxes may be abated= refunded in the sum of $ 3,607.93 I declare, under penalty of perjury in the second degree that this petition, together with any accompanying exhibits or statements, has been examined by me and to the best of my knowledge, information and belief is true, correct and complete. Stanley & Rebecca Katz 7. Petitioner By... E��J/v�. A' en Christopher D. Ruff c R&N Property Consultants 413 Main St * PO Box 99 Address Windsor,..CO...S0550 (303) 686-7447 cc• �Sr (� i 17icv�! 141 r;�I 9ZC9 . RESOLUTION OF COUNTY COMMISSIONERS WHEREAS, The County Commissioners of Weld County, State of Colorado, at a duly and lawfully called regular meeting held on the 9th day of September , A.D. 19 92 , at which meeting there were present the following members' Chairman George Kennedy and Commissioners Constance L. Harbert, Gordon Lacy, W.H. Webster and C. W. Kirby notice of such meeting and an opportunity to be present having been given to the taxpayer and the Assessor of said County and said Assessor..._ Warren Lase11, present__ _ ad taxpayer represented..by..C.hxis.topher- Ruff jiiiiisa and (name) (name) WHEREAS, The said County Commissioners have carefully considered the within applica- tion, and are fully advised in relation thereto, NOW BE IT RESOLVED, That the Board... concurs that....withz1btxecoma atlatncak (concurs or does not concur) Ichaasseexcattamt the petition be._ap.prove.a__..., and an abatement/refund._..be..Allowed Caparoved or dented) (be allowed or not be allowed) (1990) 15,970. 1 579.64 on an assessed valuation of$...(4.991)-.20,10®or $ 2.,.02 .2.9 . total tax for th year(s) 19.91. & 1990 airman f Board of County Commission STATE OF COLORADO, ss. County of Weld I, pppnid D. Warden ,EtantraliellladOCEIVtiffliEraClerk of the Board of County Commissioners in and for the County of Weld , State of Colorado, do hereby certify that the above and foregoing order is truly copied from the records of the proceedings of the Board of County Commissioners for said Weld County, now in my office. IN WITNESS WHEREOF, I have hereunto set hand and affixe the seal of said County, at Gxeeley..•..GQiorado.., this 9th y oft.Pt F" a ! , A. D. 19 92 17 I alerty Clerk. / / By ii c.7.4 y) L.a_4r Deputy. ACTION OF THE PROPERTY TAX ADMINISTRATOR Denver, Colorado, 1701-720 , 19?' 'on of the Board of County Commissioners, relative to the within petition, is hereby ❑ approved; approved in part $ 0 denied for the following reason(s) ATTEST: .edf Secretary. ..,,,,kryr4 :..):1A.,Azziss1/4_,_. Property Tax Administrator. a) rt c ui aJ > O ,�,y� - N y y k ++ o)4-) i.: t-, Q K I) c w a-. 'a 4- ,- = y N L O O d ,0 H N N O W O _0 n1 N UOi, pa g 'O $ 'O p C5 o Q 4 > 4- N y Q a ,p k yL. 'C0C U Q )•.•, O01 '''\ `, .) t) 1. ` u € . y O Al m 0 nrn� M 0. oura V 0 iW = a E a, b al CS I.•c g 8 °o . O z w v m v `' 71 E 0/101 g � o u 2 a N Q C s. 'a9i y i? ;; am �, u w o roCU wer �! A .; 0E = 61 x O W a, c o 0 +' .3 • as `- o a �a) U7 ,E o lam, p 9 a dii LI alal a mE $ yfl 2a o N a cc E a .a u ti Q F w 0 Z C •0❑ N ro e O . qq❑ 7 O '0) u S z o a) panic O b I ,O «C E G� 0 .12g:a g 4 ytil s ou p N a UI •y N cY ❑❑ ti W Q ar a .= '4 s. Ii 1 (iJ" i P 387 472 659 > c a 0 w p n 'Q RECEIPT FOR CERTIFIED MAIL m '6 m Q J E m m CC NO INSURANCE COVERAGE PROVIDED d `° m m m C t NOT FOR INTERNATIONAL MAIL 'm c as c (See Reverse) o m m m t d 2 co !� . 0 mmp� STATE OF COLORADO m c E U ¢2 V` y w a' cc o �` ❑ ❑ ❑ E ¢ DIV OF PROPERTY TAXATION a ❑ ❑ w j/ a a \ Cr QS m H 1313 SHERMAN ST ROOM 419 DENVER CO 80203 O" y N 0ZDO ~N 0 , w a cW w UmY"i Um m cn Ov Mm C o Er, 2 mw °m - ¢ tom m °' to 'O E 0 E cc U w 0 < m Certified Fee O « c a a❑ 0 r co y p 0 $ Special Delivery Fee m• « 0a f1 CI U ° d pI '8 p ° 7,-, b Q Restricted Delivery Fee U m ca y n t �h— ` Return Receipt showing ce To 2 'E d \ to whom and Date Delivered 0 ' m y ° • tr Li) '0 $ of 3 m Return Receipt showing to whom, al ac t O r-1Date.and Address of Delivery c 2 N 40 w a ° >° w aE+ �'. j TOTAL Postage and Fees $ N� uo otQ Co W o v v m m v 2 00 F y 0 Postmark or Date c01"t nn o . d ,'a+ F O "c3 m v.. �-/ I m me on c F En N gado m E0 /3D{ 9'.Q. mmmc Em¢ • m .7 W CO CD LL EEES `oo Efl U O 'v co CO ooc d"'° ° E -0 x www"'''' < < "' 'y'y ' c« o" v 2 < w a W O y r. 0 0 i.�tu; a� � wvxi p4 GEEEm moo ' WO W co c E Z ° 0._ 3 ''x _ m < < > HZ 01 °t o W°0o.;a< °3 m F t-I tow 6 in LL rn to c7rotn r'' 3 *n-D»vnnm P 387 472 ',V4 271, comwr .3 " 10F 3 °3v 3ro zreaD » d m CIv H 2m Zs g- vam RECEIPT FOR CERTIFIED MAIL W c t�7 O ttj ': " m -9 o a m 9 NO INSURANCE COVERAGE PROVIDED = ° J ° T Si ' m m CO m m m OI D ° ,m, mH NOT FGR INTERNATIONAL MAIL -A �D Da n0 't'' it m n 3 3 c c C m m m •(See Reverse) 9,- z 0 n y g724534, n . yH STATE OF COLORADO c — H m 2 m Mt1 0 CD-ill.'I a m »$ yam m DIV OF PROPERTY TAXATION \ m m t0i n m Polo^ .»o m m oaa 1313 SHERMAN ST ROOM 419 w `3 a ' �' ao° DENVER CO 80203 X ° o O c 3? o^en p 0 a ° m P c A H 0 ci a m Gl " z 0 3 F, ;...0.. Certified Fee (1' 1 ,'o, T !z04: m = m 3' o m C Special Delivery Fee (� m m ° Restricted Delivery Fee \ ; N m $— m o Return Receipt showing m- J ❑ ❑ ❑o m x m 3 to whom and Date Delivered m D O m n JJ in 7 a m x m m CD D m m Return Receipt showing to whom. O a ma m M D < p^ o Date.and Address of Delivery 3 m m _°„ N m S. = m tow " a mOJm c m o _ S TOTAL Postage and Fees m m a g co CO N N :'. CD o le) m • m c ❑ ❑ o o Postmark or Date n na �<' -C S° o m D O 11 xj 7 m m 3vn 3 II L / / A ,m, c.o °u. l 5`' pcmaa I � ma.9 m o m m 'm� m �. r rn CL 0 -. n n ^C m ..< m m m m m m x Ti o m M a m m TAX ABATEMENTS - DAY FILE 9/14/92 M. H. RADETSKY MARGARET SCHMIER JOHN D. & LISA F CHARBONNEAU ETAL STANLEY W. & REBECCA S KATZ POTTER SAVINGS & LOAN ` 9 , 391 4 (.- GRL•ELLY,Cot.ORADO 806.31 NOTICE OF ADJUSTMENT • PHONE(303)356-4000, EX I'.a? LAS I1889—A PT NW4 6 4 68 (ULRICHS ADD ANN X) BEG 859.30' S 6 536D19 8W 365.2118 FROM N4 CUR 536019' le COLORADO 11B.B6' N74D25a W 2148 N29D36'E 288.258 531D40 248 .20. • TO DEG 4.400 SO 2ND ST% 400 S 2 5T LASALLE OWNER KATZ STANLEY W L REBECCA 5 R rfr N PROPERTY CONSULTANTS PAkCEL 105506200029 PIN R 432508b • 413 MAIN STREET YEAR 1992 WINDSOR CO 80560 - LUG 00346 • 05/25/1992 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 he included in the following category(ies): ALL OTHER PROPERTY, INCLUDING VACANT LAND, IS VALUED BY CONSIDERING THE COST , MARKETS 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 theta 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 deter- mined 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 UPON THE ADDITIONAL INFORMATION YOU HAVE PROVIDED. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW • LAND 21, 345 21, 345 • • IMPS 257, 946 155, 656 TOTALS $ $ 279, 291 $ .. 1 O1 001 If you disagree with the Assessor's decision,you have the right to appeal to the County Board of Equalization for further consideration, 35.8.108(1)(a),C.R,S. Please see the back of this form for detailed information on filing your appeal. By: WARREN L. LASELL �_. 06/0 5/92 i 11 WELD COUNTY ASSESSOR DATE 9(.:0691 32 FormPPRao7.87/92 ADDITIONAL INFORMATION ON REVERSE SIDE PARCEL/SCHEDULE NUMBER: 1055-06-2-00-029 PROPERTY ADDRESS 400 S 2nd St, LaSalle COUNTY Weld OWNER/REPRESENTATIVE Katz, Stanley W & Rebecca S R&N CONTRACT NUMBER 0501-KATZ DATE SUBMITTED Jun 22, 1992 PETITIONERS VALUE: $210,000 CASE SYNOPSIS: Subject was appraised May "91 at $185,000 based on income (attached) . Same appraisal cost approach was $211,000, with difference being mini—whse qual (avg vs good) and const (wood pole frame) , and car wash (econ depr due to location) . Income is presented as an average of the years 1987-1990, and is capped at 11% (versus usual 10.5%) to reflect higher risk with the car wash location (lost business to Diamond Shamrock) . Finally, the appraisal is dated 1/15/91, but all data is from 1988 to 1990. INCOME APPROACH TO VALUE FOR 1990 : $ 0 Cap/GRM: 0.110 INCOME APPROACH TO VALUE RECONST : $ 189,582 Cap: 0.110 MARKET APPROACH TO VALUE FOR 1990 : $ 210,000 PRO—FORMA INCOME APPROACH TO VALUE: $ 0 ///0.130 COUNTY'S CURRENT VALUATION 1992 : $ 279,290 (LAND-21,344 ) (IMPS-257,946 ) Appraiser Certification: The agent for the petitioner, Christopher D Ruff of R&N Property Consultants, is a certified appraiser in the State of Colorado. I have reviewed the valuation of the subject property and formed the opinion of value shown above based on my investigation of the information available to me. While I believe my valuation to be fair, I hereby disclose that I am acting as a consultant to the Petitioner; I am acting in a position of advocacy on behalf of the Petitioner, and my compensation is based on a percentage of the tax savings accruing to the Petitioner. 92:0391 R&N PROPERTY CONSULTANTS 413 MAIN ST WINDSOR, CO 80550 303-686-7447 PROPERTY INCOME AND EXPENSE ANALYSIS ACTUAL (AS AVAILABLE) AND RECONSTRUCTED RECONST 1990 RENTAL INCOME Gross rents 48,520 ACT CAM Reimburse 0 0 Vac/Credit Loss 3,396 7% 0 Adjusted Gross 45,124 0 OPERATING EXPENSES Advertising 0% ERR% Insurance 800 2% ERR% Grounds Maint 0% ERR% Janitorial/Clean 0% ERR% Management Fees 5,400 12% ERR% Maintenance/Repair 2,250 5% ERR% Property Taxes 7,600 17% ERR% Res/Replacements 1,350 3% ERR% Utilities 5,100 11% ERR% Trash removal 420 1% ERR% Misc Category 1,350 3% ERR% Misc Category 0% ERR% Total Expense 24,270 54% ERR% Cap Rate (expensing actual taxes) : 0.110 GRM: 45,124 — 24,270 ----------------- INCOME VALUE RECONST: $ 189,582 0.110 0 - ---- INCOME VALUE 1990: $ 0 0.110 PRO-FORMA INCOME APPROACH Leasable Square Footage: SF Avg Gross Rent Rate $ Potential Gross Income : $ 0 Vacancy/Collection Loss: Operating Expenses Cap Rate (eff tax=.025) : 0.130 PRO—FORMA INCOME INDICATION OF VALUE: $ 0 Assessor Copy 0501—KATZ R&N PROPERTY CONSULTANTS 413 MAIN ST WINDSOR, CO 80550 303 PROPERTY TAX CONSULTANT-CLIENT AGREEMENT Prop Owner/Rep: P:atz Prop Address: 400 S 2nd St PIN( : 1055;4,200029 Uwe -- 7t 4.A (jZt , agree with R&N Property Consultants (henceforth R&N) that fort real tate assessment years ''42 pri nr, as to the property referred to above, that R&N Is hereby en aged and authorized to act an agent and consultant for the undersigned, In the preparation and filing of a real estate assessment appeal for the undersigned to the County Assessor,the County Board of Equalization(OBOE),as well as to the Arbitration Process or the State Board of Assessment Appeals(BAA). Further,we also expressly authorize R&N to appear before any and all related hearings of the County Board of Equalization and/or the Arbitration process, to act as our sole representative before such hearings and to make such presentations and decisions as necessary to effect a settlement of the real estate valuation issue at hand. Agreed: .14&. (12 owner/agent/I ee date • • • • 920391 1 III Mini-Storage Warehouse ( 3 buildings ) I Foundation: Poured reinforced concrete slab with concrete spread footings Exterior walls : Corregated metal panels ( 9 ' height ) IRoof : Corregated metal panels over wood trusses IInterior partitions : Drywall over 2X4 studding Electrical : 100 amp . service, . individual light fixtures I Exterior doors : Metal hollow core (padlocks supplied by tenants ) I Paving, etc : There are asphalt paved approaches between the three buildings and on the perimeter, for ease of loading and unloading. liEach of the three mini.-storage warehouse buildings measures 20 . 5 ' X 80. 0' , for a gross building area of 1 ,640 square feet . IIThe three buildings , combined, contain 4 ,920 square feet . IIThe three buildings are nearly identical , with the exception of the number of interior partitions . IIn response to greater demand for 10' X10' units , some partitions have been removed to accomodate more units of this IItype . According to the manager , Building A now contains six- II I teen 10 ' X10' storage units , Building B contains thirty-two `5 ' X10' storage units , and Building C contains sixteen 5' X10' Iand eight 10' X10' units . The mini-storage warehouse complex contains a total 'of forty-eight 5X10' s and twenty four 10X10' s , I • all of which were rented at the time of inspection (per manager) . The three mini-storage warehouse buildings were built in . 1985 and appear to have been well maintained. The only defer- red maintenance noted was a hole in one of the doors in Building C . The cost of repairing the door would be nominal . ". 9Z0: 91 48 The following; is a summary of the cost and depreciation estimates for the car wash : ui ]_ fin * and Equipment ) Reproduction Costs (Car Wash Building�, Building floor area ( 1 ,469 SF @$2 . 50) $ 3 , 672 Roof area ( 1 , 552 SF @$.14 . 00) $21 , 728 Bay walls ( 1 ,456 SF @$9. 00) $ 13, 104 Equipment room ( 247 SF @$34.00) $ 8, 398 Equipment base cost $15 ,000 Water softener. $ 3, 500 Degreaser-foam brush cleaner $ 1 , 500 Vacuums ( 3 units @$1 ,000) $ 3,000 Change machine $ 2 ,900 • • Total reproduction cost (new) $72 , 802 Less : Depreciation: • 1>M Physical (8%). $ 5,824 Functional $ 3,000 Economic $19 , 600 Total. depreciation $28,424 • • DEPRECIATED VALUE OF CAR WASH IMPROVEMENTS $44,400 (Rounded) • • Py .ilk 91:O391 69 ' RECONCILIATION D FINAL ESTIMATE OF VALUE — — rD: The indications of value by the three approaches used in the report are : ! Cost Approach $211 ,000 Income Approach $179 ,000 A Market Approach $210,000 B fi The Cost Approach will generally provide an accurate estimate of value when the improvements are proposed or new and represent the highest and best use of the site . The Cost Approach is relevant to this appraisal and is considered , however, income properties are typically purchased for their E utility and/or income potential rather than on a reproduction F cost basis and therefore the Cost Approach was given less consideration than the Income and Market Approaches . . Q The Income Approach relies heavily on data from the market x which supports rental rates , expense ratios , and capitalization • rates . Historical income and expense data for the subject • {;. property was provided by the owner. Income projections for major components of the property were verlfiabl.e in the market , how- ever income estimates for the car wash were based solely on the H '. 1 owner ' s log. Major expense terms provided by the owner were verifiable with other sources . There was ample data available 7:I to develop a reliable capitalization rate. Considering the quality of the information available and the investment nature of the subject property, the Income Approach has. been given • ) considerable weight in this appraisal . ' • The Market Data Approach is also relevant to this appraisal in light of current market conditions , and had the benefit of • 44 1 ,4 117 vi ,..,. " • jY tie'�M'•+ewrn.,vwakv.,,x.«.rv✓i•:..!ef,;ide:-r..,,ec ... ''' st CLERK TO THE BOARD P.O. BOX 758 GREELEY,COLORADO 80632 t'.:. (303)358-4000 EXT.4225 ' rr COLORADO September. 21, 1992 Stanley W. and Rebecca S. Katz 9620 East Grand Avenue Engelwood, Colorado 80111 Re: SCHEDULE NUMBER 4325086 (1055-06-2-00-029) Dear Petitioners: On September 9, 1992 the Board of Weld County Commissioners considered your petition for tax abatement, approved the 1991 abatement, and denied the 1990 abatement. Pursuant tc Section 39-2-125(f) , C.R.S. , you have the right to appeal this decision to the State Board of Assessment Appeals within thirty days. You may obtain the appropriate forms and instructions from the Board of Assessment Appeals, Department of Local Affairs, 1313 Sherman Street, Room 420, Denver, Colorado 80203. Sincerely, Donald D. Warden, Clerk to the Board By: - Deputy Clerk to the Board cc: Assessor R & N Property Consultants 920391 • CLERK TO THE BOARD P.O. BOX 758 WI I GREELEY,COLORADO 80632 (303)356-4000 EXT.4225 COLORADO August 27, 1992 Stanley W. and Rebecca S. Katz 9620 East Grand Avenue Englewood, Colorado 80111 RE: SCHEDULE NUMBER 4325086 Dear Property Owner: This is to advise you that the Board of Weld County Commissioners will hear your petition for tax abatement or refund on the property described as: LAS 11889-A PT NWI 6 4 65 (ULRICHS ADD ANNX) etc (400 S 2 St, LaSalle) . The meeting is scheduled for Wednesday, September 9, 1992 at 9:00 a.m. at which time you may be heard. The Assessor is recommending that the Board PARTIALLY APPROVE your petition. The meeting will be held in the Chambers of the Board, Weld County Centennial Center, First Floor, 915 10th Street, Greeley, Colorado, at the above specified time. If you have any questions concerning this matter, please do not hesitate to contact this office. Sincerely, Donald D. Warden, Weld County Clerk to the Board c I By: ) Deputy Clerk to the Board XC: Assessor - W. Lasell County Attorney Agent - R & N Property Consultants 920891 Hello