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Home My WebLink About940588.tiff - FORM 920(66-93) :TITION FOR ABATEMENT OR REFUND OF TAY Mus. filed In duplicate and all questions must ...e answered. (� Q r n' i Petitioners: Complete this side only. O R I G I N A L Greeley , Colorado, April 15 1994 City or Town lb The Honorable Board of Commissioners of Weld County Gentlemen: The petition of Emmett B. & Catherine M. Formby whose mailing address is: 13015 Weld County Road 1 6 Ft. Lupton CO 80621 City or Town State Zip Code SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX ROLL 5267186 Legal lengthly Address : 13015 Weld County Road 16 respectfully requests that the taxes assessed against the above property for the years A.D. ' 19 92 , 19 9 33 , are erroneous, illegal, or due to error in valuation for the following reasons: Describe specifically the circumstances surrounding the incorrect value or tax, including owner's estimate of value. (Attach additional sheets if necessary) Excessive improvement value. Petitioners estimate of value for 1992 and 1993 is $294, 000 . Attached documentation: Statement of Agency, Cost, Income and Market approaches and reconcilliation of values . 19 92 19 93 Value Tax Value Tax Ong. $ 427 , 893 $ 10 , 717 $ 427, 893 $ 10, 666 Abate. 133, 893 3, 354 133, 893 3, 338 Bal. $ 294 , 000 $ 7 , 363 $ 294 , 000 $ 7 , 328 Therefore the petitioner requests that the taxes may be abated or refunded in the sum of $ 6, 692 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. Asset Realty Advisors Inc. Address 5 E. Belleview Drive Petitioner Littleton, CO 80121 By �/1_4/15/94 Daytime phone number 781 -2608 nt Date Every petition for abatement or refund filed pursuant to section 39-10-114 shall be acted upon pursuant to the provisions of this section by the board of county commissioners or the assessor, as appropriate, within six months of the date of filing such petition. 39-1-113(1.7), C.R.S. 940 588 4600,-1z9 HOECKEL'S-Denver.CO-368971.6 Complete Either Section I or Section II RE, JLUTION OF COUNTY COMMISSIG. _SS Section 1:In accordance with 39-1-113(1.5)C.R.S., the commissioners of County • authorize the assessor to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of one thousand dollars or less per tract, parcel, or lot of land or per schedule of personal property. County Commission Resolution # The Assessor and petitioner mutually agree to an assessed value of $ for $ total tax for the year(s) 19 and an abatement/refund of$ . PLEASE NOTE: THE TOTAL TAX AMOUNT DOES NOT INCLUDE ACCRUED INTEREST, PENALTIES, AND FEES IF APPLICABLE, PLEASE CONTACT YOUR COUNTY TREASURER FOR FULL PAYMENT INFORMATION. Petitioner's Signature Date Asteasor s Signature Date If Section I is not complete and/or if petition is for more than $1,000, Section II must be completed. Section II: Assessors's recommendation: ❑ approved - No protest filed in 19 or 19 , ❑ approved in part $ ® denied for the following reason(s): see attached memorandum Note: If a protest was filed please attach copy of NOD. • C/�C ;'! ':. 1.\ By: Assessor / Dep.Assessor WHEREAS, The County Commissioners of WELD County, State of Colorado, at a duly and lawfully called regular meeting held on the 20TH day of JUNE A.D. 19 94 at which meeting there were present the following members: CHAIRMAN W. H. WEBSTER AND COMMISSIONERS DALE K. HALL, GEORGE E. BAXTER, CONSTANCE L. HARBERT. AND BARBARA J. KIRKMEYER 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 LASELL and taxpayer EMMETT & CATHERINE FORMBY REPRESENTED BY MARK VON(nl!'NGELN blitligafffiatidc and (name) WHEREAS, The said County Conunissioners have carefully considered the within application, 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 DENTED and an abatement refund NOT BE ALLOWED (approved or denied) (be allowed or not be allowed) on an assessed valuation of $133,893(1992aar $ 3,354(19921 tax for the year(s) 19 92 AND 1993. $133,893(1993) $ 3,338(1993) hairman of Board of County Commissioners; STATE OF COLORADO, ss. County of WELD DONALD D. WARDEN , Mxt4)CXl4R₹IINXE tiaClerk 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 my hand and affixed the seal of said County, at GREELEY, CO , this 27TH day of JUNE ,A.D. 19 � 9�4 . itivri 7 Min County Clerk TO BOARD By � �O� t !Ace timi Deputy ACTION OF THE PROPERTY TAX ADMINISTRATOR Denver, Colorado, 19 . The action of the Board of County Commissioners, relative to the within petition, is hereby ❑ approved;❑ approved in part $ E denied for the following reason(s) Secretary Property Tax Administrator 940589 << CLERK TO THE BOARD T P.O. BOX 758 WI I D GREELEY,COLORADO 80632 (303)356-4000 EXT.4225 C. COLORADO June 27, 1994 Emmett B. and Catherine M. Formby 13015 Weld County Road 16 Ft. Lupton, Colorado 80621 Re: SCHEDULE NUMBER 5267186 Dear Property Owner: On June 20, 1994, the Board of Weld County Commissioners considered your petition for abatement or refund of taxes and denied same. Pursuant to 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. Ver YoYoIle LG !? Donald D. Warden, Clerk to the Board By: ( uZ// / Deputy Clerk to the Boar✓ cc: Assessor Mark von Engeln, Asset Realty Advisors, Inc. 940588 J La tl g :L__ . . ki ! ..-t A� , , \ v m T i ! k q 0 au \' J .kil . 11- f N aWbAep"atlp4 kC7 ❑ U] 4 a a 4 V • w a w a H v o u a a a a a a cliV % L H H ro a u 0 ft E & . > c) u v 3 ,� Co v w w oH A w A � H H H U) ) U1 U) H 0 d° Ka ZZZZZZZZ OZZZZZZ A °\ w Z Z ZZZ Z z z 0.S 22 Z z z z °\° A 1n 0 i-i 2 2 2 2 2 2 2 2 0 2 2 2 2 2 2 0 tho H CO H � a a a x u) x x w N w w a) w w w w w w w w w w ww w w w w N a N N N V 114 co Co Co Co Co U) U) Co Co Co U) Co Co CO Co N N 0 Co NNO 1) V' a1 N LO c1, 0 O O N d' CO a a V tY o 1n d' N 0 N N CO H 0 en 01 N N en V V U) NN O\ H H en CO H N O '4 LO H N 01 N A to . 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BOX 758 I GREELEY,COLORADO 80632 (303)356-4000 EXT.4225 WI lige COLORADO June 3, 1994 Emmett B. and Catherine M. Formby 13015 Weld County Road 16 Fort Lupton, Colorado 80621 RE: SCHEDULE NUMBER 5267186 Dear Property Owner: This is to advise you that the Weld County Board of Commissioners will hear your petition for abatement or refund of taxes on the property described as: Legal lengthly, Address: 13015 Weld County Road 16. The meeting is scheduled for Monday, June 20, 1994, at 9:00 a.m. , at which time you may be heard. You are required to submit any supporting documentation regarding this petition to the Office of the Clerk to the Board and to the Weld County Assessor's Office at least seven calendar days prior to the meeting date in order for it to be considered at said meeting. The Assessor is recommending that the Board deny your petition. The meeting will be held in the First Floor Meeting Room, Weld County Centennial Center, 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, LuW Donald D. Warden, Clerk to the Board By: tG�� /i'U� Deputy Clerk to the Bo cc: Assessor - W. Lasell County Attorney Asset Realty Advisors, Inc. 940568 ABAT EMEbra, DOCUMENTAT 2 ON FOR S CH E DT-IL E # 5 2 6 7 1 8 6 ARA/2458 9d0589 3: 14a314111 APPROACH Leases have been collected from around the front range. Two recent leases in particular would indicate rates from $2 .50 PSF for Service to $7.00 PSF for Showroom, or average rates from $5.44 PSF on major traveled arteries of Colfax Ave. and 104th Ave. The leases are 7800 W. Colfax Ave. and 2030 W. 104th Ave. and both are considered to be superior in location and quality of construction. GROSS POTENTIAL INCOME 9066 SF of Service @ $2.50 PSF $ 22, 665. 4232 SF of Showroom @ $5. 00 PSF $ 21,160. Less vacancy 5% < 2 , 191 .> EFFECTIVE GROSS INCOME Less expenses 5% < 2 , 081 .> NET OPERATING INCOME $ 39,552. CAPITALIZATION RATE 12% $ 329,600. MARKET APPROACH The property was purchased in 1989 for $270,000. Considering the dated condition of the property at the time of purchase, the petitioner (owner) overpayed for the property. Improvements were made subsequent to the purchase. These improvements were cosmetic to the building and paving/landscaping to the yard which are on a short depreciation schedule. Irregardless, the sale of $270 ,000 reflects market value in the base year. 940588 COST ESTIMATE FOR: 5267186 PROPERTY OWNER: FORMBY FORD ADDRESS: 13015 WELD COUNTY ROAD 16 SURVEYED BY: ARA DATE OF SURVEY: 4/94 DESCRIPTION: OCCUPANCY: 69.0% SERVICE GARAGE 31.0% AUTOMOBILE SHOWROOM FLOOR AREA: 13 ,298 Square Feet AVERAGE STORY HEIGHT: 12. 0 Feet CLASS: S Steel EFFECTIVE AGE: 20 Years COST RANK: 2.0 Average CONDITION: 3. 0 Average NUMBER OF STORIES: 1 .0 COST AS OF: 06/92 EXTERIOR WALL: Corrugated Steel , Steel Frame 90% Store Front 10% HEATING AND COOLING: Space Heat 69% Package Heating & Cooling 31% UNITS COST TOTAL BASIC STRUCTURE COST: 13 , 298 27.51 365,783 LESS DEPRECIATION: Physical and Functional <48 .7%> <177,978> DEPRECIATED COST 187,805 YARD IMPRVMNTS LIGHTS FENCE GA 17, 316 ASPHALT PAVING CONCRETE 35,696 SHED 11,698 Estimated Land Value 30 ,000 INDICATED VALUE BY COST APPROACH: 282 , 515 Cost Data by MARSHALL & SWIFT 905753 PEP I P I ON ErtS RE c owc i L I a P Z ON OF VALUE 13015 WELD COUNTY ROAD 16 - SCHEDULE # 5267186 The petitioners have weighed all approaches to value equally and estimate the total value for both 1992 and 1993 at $294 ,000. Cost approach $282 ,515 Income approach $329,600 Market approach $270 ,000 Total $294 ,000 The petitioners final estimate of value is: $294 ,000 ARA/2 4 5 6 94 ®578 Vita_L. OE. CO LN ASJLJSV1t 1400 NORTH 17th AVE. ` * GREELEY, COLORADO 80631 NOTICE OF DENIAL PHONE (303) 353-3845, EXT. 3656 16210A PT W2SW4 29 2 66 BEG AT PT 439. 11 'N & 35*E OF SW COR SEC 29 E371 .07' TO W R/W UPRR S ON RR COLORADO R/W 409. 11 ' TO PT 30 'N OF S LN SEC 29 W272. 13' TO PT ON ELY R/W US 85 N ON R/W 1 . H' TO PT ON NELY R/W US 85 NWLY ON R/W 130 .6 * N323. 31 ' TO BEG 13015 16 CR WELD OWNER FORMBY EMMFTT B E FORMBY EMMETT B ; PARCEL 130929000034 FORMBY CATHERINE M PIN R 5267186 6413 GREENWOOD OR YEAR 1993 LONGMONT CO 8050 .3 LOG 02199 05/28/1993 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 IS VALUED BY CONSIDERING THE MARKET APPROACH. AGRICULTURAL LAND VALUE IS DETERMINED SOLELY BY THE EARNING OR PRODUCTIVE CAPACITY OF THE LAND. CAPITALIZED AT A RATE SET BY LAW. 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 valuations) assigned to your property. The reasons for this determination of value are: THE ASSESSORS STAFF HAVE REQUESTED INFORMATION WHICH IS PERTINENT AND CRITICAL TO PROPER EVALUATION OF YOUR PROPERTIES VALUE. BECAUSE WE HAVE NOT RECEIVED THIS INFORMATION WE HAVE NO CHOICE BUT TO DENY ANY ADJUSTMENTS ON THIS PROPERTY UNTIL THE NECESSARY INFORMATION IS RECEIVED. PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE OF VALUE PRIOR TO REVIEW AFTER REVIEW LAND 30. 000 30.000 IMPS 397. 893 397. 893 TOTALS $ $ 427. 893 $ 427 . 893 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: WARREN L. LASELL 06/25/93 WELD COUNTY ASSESSOR DATE Q�I(�d"'4 1 16-OPT AR J"jE V c.}�_9� Form PR-207-87/93 ADDITIONAL INFORMATION ON REVERSE SIDE /993 /lkk FAQ l v A q En ! No QA AO 121 Ti CI0C[C ivFM7 7'foA/ t Rowe/ 3(6,072extdi <Den/ligtl- Se.d veil 4e Sy AS Atzl /AZ e /2=1V-715/ oCa Se 7 defi s /4%e / /173 but `470,-07- 7-91,7*).es ILe y A/so Apo 14) F,tio PLC a; -de Aitte e_ moo oit) /%0 940588 /9Q/ / /hpFJ by Fiy6n!% —' AcJa.5Thct T 1a7, 8Q3 D l %, ffl7� /tic�,�,v�S 71/9- eGCk pia /(e_ 712u ,��'u s%� 74' ?7/ i/ 1S (Otte`T Ac C ireFiS7— -4 ?Age 1/04T.A C,n 7 940588 TO: COUNTY BOARD OF EQUALIZATION FROM: WARREN L. LASELL /f DATE: MAY 31, 1994 (fV SUBJECT: ABATEMENT PETITION FROM AGENT FOR FORMBY (SCHEDULE # 5267186) I RECOMMEND DENIAL FOR THE REASONS WHICH FOLLOW. 1. IN 1993 THE PETITIONER PROTESTED THE VALUE OF THIS PROPERTY. ATTACHED IS A COPY OF THE NOTICE OF DETERMINATION, 2. AGENT HAS NOT PRESENTED EVIDENCE WHICH INDICATES OUR VALUE IS INCORRECT, AND 3. THE 1992 VALUE IS THE SAME OF THE 1991 VALUE WHICH RESULTED FROM A PROTEST THAT YEAR. THE BASE YEAR FOR 1991 IS THE SAME AS 1992, THEREFORE, THE VALUE FOR 1992 SHOULD NOT CHANGE. 94.05E 8 Hello