HomeMy WebLinkAbout920241.tiff 15-OPT FORM PRESCRIBED BY THE PROPERTY TAX ADMINISTRATOR ( r , - . l _ 1 •-,),
41 41 . FORM 920 1/66-6/90 PE- 'ON FOR ABATEMENT OR REFUND OF TAXES-c. lECKEL co. DENVER 36312
Petitioners: Use this side only. ,
Greeley
City or Town , Colorado; F'"' r pedember, 13 19 91 /9
To The Honorable Board of County Commissioners of Cl ;veld County
TO I :
Gentlemen:
The petition of Brewster, William C
whose mailing address is- PO Box 1763
Greeley CO 8032
City or Town State Zip Code
SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX ROLL
fV
4:ltd EVS 13141-E S.33 LOT A & F LYNCHS SUB & ALL VAC DENVER ST etc
621120-3 41-016) (3201 W Service Rd)
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respe''ifully requests that the taxes assessed against the above property for the years A. D.
19..39..., 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 1989 and 1990 assessed value. Subject's over-valuation is verified by
the assessment reduction the property received in 1991 and is further verified
by the attached report.
Summation: Subject was purchased, along with an adjacent vacant parcel, in an
arms-length transaction in 8806 for $300,000. The transaction was accepted by
the assessor's office this year and the 91/92 valuation set at $300,000 divided
between both parcels. The 89/90 valuation, then, with the sale occuring in its
primary market window, must be no higher. Petitioner, then, requests the 89/90
valuation be adjusted to its sale price share of $263,343.
19.S.9... 19.90
Value Tax Value Tax
Orig. 101 ,440 9,019.23 101 ,440 /9,201.32
Abate. 25.,.07.0 2,.229.,.02 25,070 V 2,274.03
Bal. 76,370 6,790.21 76,370 6,927.29
The taxes (have) (Manna) been paid. Wherefore your petitioner prays that the taxes may
be alsztexbair refunded in the sum of $4,503.05
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,
informal<isn and belief is true, correct and complete.
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William Brewster
'7 Petitioner
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WELD COUNTY ASSES°e';
-
�7 By
D G, �,� �'I !°ll i I AgentDi2f
Christoph r D. Ruff
DEC 3 1 1991 L R&N Property Consultants
413 Main St * PO Box 99
GREELEY,COLD. Address Windspr.,...CQ...80550
(303) 686-7447
/Lvz) 920241
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RESOLUTION OF COUNTY COMMISSIONERS
WHEREAS, The County Commissioners of Weld County,
State of Colorado, at a duly and lawfully t:,;Iled regular meeting held on the 11th day
_ of March , A.D. 19 92 , at which meeting there were present the following
members:. _Chairman..George...Kennedy,. and Commissioners Constance L. Harbert,
G... W. .Kirtly, Gordon E. Lacy, and W. H. Webster
notice of such '. eeting and an opportunity to be present having been given to the taxpayer and
the Assessor of said County and said Assessor represented by Mike Sampson and taxpayer
...repr.esentsd..by...Chris...Ruff.,...R..&...N,..being present; 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 with the recommendation of
(concurs or does not concur)
the assessor and the petition be approved., and an abatement/refund be..sl.lowed
4191pgp(gv�dorpegled) (1989 $2229.02 (be allowed or not be allowed)
on an assessed valuation of$( 990)$25,070 for $11990 2274.03total tax for the ear(s) 1989&90.
Chairman of Board of ounty Commissioners.
STATE OF COLORADO, Pro fern
County of Weld ss.
I, Donald D. Warden , @iiiIiif9CalaaillakXlitricliii Clerk
of the Board of County Commissioners in and for the County of Wa.],d
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 my hand and affixed yt the seal of said County,
at Greeley....Calorrado , this 11th y of arh ' A. D. 19 92
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r Macs, Clerk.47-41a/---- uty.
ACTION OF THE PROPERTY TAX ADMINISTRATOR
Denver, Colorado, ...2 z.«.,, /V , 19. . .
The_action of the Board of County Commissioners, relative o the within petition, is hereby
approved; D approved in part $
O denied for the following reason(s)
AATTTT/EST: / �Q�
cretary. Property Tax Administrator.
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ef S VCLERK TO THE BOARD
P.O. BOX 758
GREELEY,COLORADO 80632
"lige (303)356-4O00 EXT.4225
COLORADO
February 28, 1992
William C. Brewster
P. O. Box 1763
Greeley, Colorado 80632
RE: SCHEDULE NUMBER 3881886 (0961-20-3-06-016)
Dear Mr. Brewster:
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: EVS 13141-E
5.33 LOT A & F LYNCHS SUB & ALL VAC DENVER ST etc (3201 W Service Rd) . This
meeting is scheduled for Monday, March 9, 1992 at 9:00 a.m. , at which time you
may be heard. The Assessor is recommending that the Board 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
By: \ tc L-. Atv,ac ,-._
Deputy Clerk/to the Board
XC: Assessor - W. Lasell
County Attorney
R & N Property Consultants
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NOTIC.. OF ADJUSTMENT PHONE (303) 356 donu Exl', +zst,E VS 33 LOT ALL WIiDc DENVERI41-E ST ADJ•THERETOAALSO PTN£2SVACBDENVER ST
COLORADO WHICH LIES ADJ TO W LN OF N2/3 LOT A NW4SW4
2Q 5 65 ALSO S•33 L12 .NE4SW4 2Q 5 65 W OF US HWY
485%3201 W SERVICE RD%
3201 W SERVICE RD EVANS
OWNER BREWSTER WILLIAM C TRUSTEE
ERIS TAX CONSULTANTS PARCEL 096120306016
PIN R 3881886
413 MAIN YEAR 1991
WINDSOR CO 8055Q LOG 03823
05/31/1991
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 categorylies):
Residential property is valued by considering the cost and market approaches.
..____..._"Agricultural land value is determined solely by the earning or productive capacity of the land, capitalized at a rate set by law.
Producing mines are assessed at 25%of the gross proceeds or 100%of the net proceeds,whichever is greater.
—.Oil and gas leaseholds and lands are 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 valued at 75'90.
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 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 117.599 117. 599
1'MPS 232. 187 145.744
TOTALS $ $ 349A786 $ 2631.343
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.
WARREN L. LASELL
WELD COUNTY ASSESSOR DATE
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Form PP zo]-$//91 ADDITIONAL INFORMATION ON REVERSE SIDE +''
PARCEL/SCHEDULE NUMBER: 0961-20-3-06-016/3881886
PROPERTY ADDRESS/CITY : 3201 W Service Rd, Evans
COUNTY Weld
OWNER/REPRESENTATIVE Brewster, William C
R&N CONTRACT NUMBER A0392
DATE SUBMITTED
PETITIONERS VALUE: $263,343
CASE SYNOPSIS:
Subject is a unique property, with a lot of space still usable but not
functionally. Subject was purchased in June 1988 for $300,000. No sub—
stantial changes have been made. Despite aggressive leasing, 1990 actual
income and expense indicates a value of only $106,000. Recent new tenants
and two prospective tenants increase potential income to $60,000. Increas—
ing actual "90 expenses to account for extra maint, mgt, and utility costs
provides reconstructed income indication of 295,000. Use sale price value.
INCOME APPROACH TO VALUE : $ 106,505
INCOME APPROACH TO VALUE : $ 295,238
PRO—FORMA INCOME ANALYSIS : $ 301,487
MARKET APPROACH TO VALUE 1988 : $ 263,343
PROPERTY INCOME AND EXPENSE ANALYSIS
RENTAL INCOME
Gross rents 60,000 36,002
CAM Reimburse
Vac/Credit Loss 0 % 0
Adjusted Gross 60,000 36,002
OPERATING EXPENSES
Advertising 0% 0%
Insurance 0% 3,891 11%
Grounds Maint 0% 0%
Janitorial/Clean 0% 74 0%
Management Fees 0% 1,800 5%
Maintenance/Repair 0% 3,588 10%
Property Taxes 0% 9,964 28%
Res/Replacements 0% 720 2%
Utilities 0% 4,782 13%
Trash removal 0% 0%
Misc Category 0% 0%
Misc Category 0% 0%
Total Expense 29,000 48% 24,819 69%
Cap Rate (expensing actual taxes) : 0.105 GRM:
60,000 — 29,000
- = INCOME VALUE : $ 295,238
0.105
36,002 — 24,819
INCOME VALUE : $ 106,505
0.105
PRO—FORMA INCOME ANALYSIS
Leasable Square Footage: 28,324 SF
Avg Gross Rent Rate $ 2.46
Potential Gross Income : $ 69,677
Vacancy/Collection Loss: 25 %
Operating Expenses 25 %
Cap Rate (eff tax=.025) : 0.130
PRO—FORMA INCOME INDICATION OF VALUE: $ 301,487
PROPERTY TAX CONSULTANT - CLIENT AGREEMENT
Client :William C . Brewster
Property Address: 3201 W. service Rd .
City : CreeleyO'OVS
County • Weld
Parcel Number : 096120306016 (z,,, &6 IC
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(a) The client has contracted R&N Property Consultants to serve as consultant and agent in
connection with any and all real estate assessment appeals to the County Assessor, the County
Board of Equalization ICBOE), the Arbitration Process, and/or the State Board of Assessment
Appeals (BAA), respecting the above property. This agreement Is effective only for tax years 1991
and 1992, and pre,vtovs years.U»
Al/ O1/1.kiftS 474- istee
AgrAedY u'1/
nq (date)
R&N: � 4. 6
Acat&c ;il 361 /7e3
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