HomeMy WebLinkAbout920236.tiff 15-OPT FORM PRESCRIBED BY THE PROPERTY TAX ADMINISTRATOR _
FORM 920 1/66-6/90 PET 'N FOR ABATEMENT OR REFUND OF TAXES—c. r 1CKEL Co. DENVER 36312
CI
Petitioners: Use this side only. C
Greeley r `Cblbrado, Decembew ��,,.�, ..9rg$OR
City or Town
To The Honorable Board of County Conunicsidners of Weld i; ? `t/ SCJ ty
Gentlemen: G..t, A 1 1991 1
The petition of Draxler, Donald J GREELfY,CL..il
whose mailing address is. 441 E 4th St
Loveland CO 80537
City or Town State Zip Code
SCHEDULE NUMBER DESCRIPTION OF PROPERTY AS LISTED ON TAX ROLL
1479086 WIN JS-2 L2 JAMES SUB
(0807-20-4-01-014) (818 Stone Mtn Ct)
respectfully requests that the taxes assessed against the above property for the years A. D.
19. 89..., 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's value was reduced on appeal in 1991 to $110,000, based on
the 8710 sale of an identical 6-plex next door for $110,000, coupled with two
later sales at prices lower than the '87 sale. The 8710 sale is in the prime
market window (Jan 87 - Jun 88) for the 1989/90 assessment cycle. Petitioner
requests that the 1989/90 assessment be adjusted to reflect subject's market
value of $110,000.
19$.9... 19 90
Value Tax Value Tax
Orig. 23,360 2, 182.69 23,360 2,154.68
Abate. 62860 640.98 6,860 632.75
Bal. 16,500 1 ,541.71 16,500 1 ,521 .93
The taxes (have) (Naxeurcat) been paid. Wherefore your petitioner prays that the taxes may
be alsateedxar refunded in the sum of $...,.2:73.73
I declare, under penalty of perjury in the second degree that this petition, together with any
accompanying exhibits or statements, has been examined by me and to the best of my knowledge,
information and belief is true, correct and complete.
Donald Draxler
Petitioner/
WW1r ....- By /C /
Agent
U nl Christop er D. Ruff
�r R&N Property Consultants
413 Main St * PO Box 99
Ott; 5 1 1"" Address Windsor,...00...8.0550
(303) 686-7447
GREEIEY,C'.J.
.�(j _ _ 920236
i
c C- ' S� w' i'� l?�t 4/7:
RESOLUTION OF COUNTY COMMISSIONERS
WHEREAS, The County Commissioners of Weld County,
State ul Colorado, at a duly and lawfully called regular meeting held on the ll.th day
of March , A.D. 19..9.2..., at which meeting there were present the following
members. Chairman George Kennedy, and Commissioners Constance L. Harbert,
C. W. Kirby, Gordon E. Lacy, and W. H. Webster
notice of such meeting and an opportunity to be present having been given to the taxpayer and
the Assessor of said County and said Assessor..re.pres.ented...by...take.,Sstnpson and taxpayer
represent.ed..b.y..Chrja_Rul.f, R&N, being present; and (name)
(name)
WHEREAS, The said County Commissioners have carefully considered the within applica-
tion, and are fully advised in relation thereto,
NOW BE IT RESOLVED, That the Board... concurs with the recommendation of
(cdncurs or does not concur)
the assessor and the petition be appr.aved., and an abatement/refund....be...allowed.................
( g(aap)pgroved6or denied) ( 9 9)gg (be allowed or not be allowed)
on an assessed valuation of$(19.98)..$.6.$88 for $f19g83 S total tax for the year(s) 19.8.9.&99.
Chairman of Board of County Commissioners.
STATE OF COLORADO, )) Pro tern
County of Weld ss.
I, Donald D. Warden
11 . C+>lMiCI3C am Ei'iaftleitl Clerk
of the Board of County Commissioners in and for the County of Wald
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 GX.e.aley., Colprac)o, , this 11th day M rc G�2 A. D. 19..92....
et
Biitt tinKClerk.
By..��' 1(
Auty.
ACTION OF THE PROPERTY TAX ADMINISTRATOR
Denver, Colorado, , 19
The action of the Board of County Commissioners, relative to the within petition, is hereby
0 approved; 0 approved in part $ 0 denied for the following reason(s)
ATTEST:
Secretary. Property Tax
j Administrator.
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NOTICE OF ADJUSTMENT PHONE (303)356-4000, EXT.4256
Win. WIN JS-2 L2 JAMES SU8t818 STONE MTN CT%
COLORADO
• 818 STONE MOUNTAI CT WINDSOR
OWNER DRAXLER ILENE A
ERIS INTERNATIONAL PARCEL 080720401014
PIN R 1479O86
413 MAIN YEAR 1991
WINDSOR CO 8O55O LOG 01655
05/15/1991
The appraised value of property is based on the appropriate consideration of tile 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 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%.
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 plaq to attend these budget hearings.
The Assessor has carefatly 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:
BASED ON A STUDY OF COMPARABLE PROPERTIES THAT SOLD FROM 1/1/89 TO
6/3O/9O WE HAVE ADJUSTED YOUR PROPERTY TO THE 1990 LEVEL OF VALUE AS
SHOWN BELOW.
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE
OF VALUE PRIOR TO REVIEW AFTER REVIEW
LAND 158963 158963
IMPS 1278861 948037
TOTALS $ $ - 1438.824 $
If you disagree with the Assesso.'s decision, you have the right to appeal to the County Board of Equalization for further consideration,
39-8-1O6(1)(a),C.R.S. Please see the hack of this form for detailed information on filing your appeal.
WARREN L. LASELL
WELD COUNTY ASSESSOR DATE 44
1S DPr-HD ?"
Fowl PR-20i a//et ADDITIONAL INFORMATION ON REVERSE SIDE ir' ne,354
PARCEL/SCHEDULE NUMBER: 0807-20-4-01-014/1479086
PROPERTY ADDRESS/CITY : 818 Stone Mtn Ct, Windsor
COUNTY Weld
OWNER/REPRESENTATIVE Draxler, Donald J
R&N CONTRACT NUMBER A0299-1
DATE SUBMITTED
PETITIONERS VALUE: $110,000
CASE SYNOPSIS:
Windsor had three apartment sales (#1003, 1004, 1246) , all at less than
$19,000/ unit. The best comparison is next door (sale #1246) , a six—plex
that sold at $18,333/unit in 8710. The two more recent sales were at
$14,897/unit and 14,913/unit, each 1989 sales. Clearly, subject can be
worth no more than its identical next door neighbor, for a total value of
$110,000.
INCOME APPROACH TO VALUE : $ 119,946
INCOME APPROACH TO VALUE : $ ERR
PRO-FORMA INCOME ANALYSIS : $ 0
MARKET APPROACH TO VALUE 1988 : $ 110,000
97;074.31.4
PROPERTY INCOME AND EXPENSE ANALYSIS
RENTAL INCOME
Gross rents 19,991
CAM Reimburse
Vac/Credit Loss 0 % 0 %
Adjusted Gross 0 19,991
OPERATING EXPENSES
Advertising ERR% 0%
Insurance ERR% 0%
Grounds Maint ERR% 0%
Janitorial/Clean ERR% 0%
Management Fees ERR% 0%
Maintenance/Repair ERR% 0%
Property Taxes ERR% 0%
Res/Replacements ERR% 0%
Utilities ERR% 0%
Trash removal ERR% 0%
Misc Category ERR% 0%
Misc Category ERR% 0%
Total Expense ERR% 0%
Cap Rate (expensing actual taxes) : GRM: 6.00
0 —
= INCOME VALUE : $ ERR
19,991 —
INCOME VALUE : $ 119,946
PRO—FORMA INCOME ANALYSIS
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
o
1"&N� PROPERTY CONSULTANTS
PROPERTY TAX CONSULTANT--CLIENT AGREEMENT
Property Owner/Rep: Drexler, Ilene A. & Donald J.
Property Address 441 E 4th St 818 STONE MTN C'T 313 KIOWA Rub
City, County Loveland, Larimer WINDSOR, WELL) 6-itAHETN, EL.NE) T
Parcel Number(s) : 95133-59-001 Dear-do-y oI. ciy Sti079-ra-009
R&N is hereby engaged and authorized to act as agent and consultant for the
undersigned, in the preparation of a real estate assessment appeal (abatement)
for the property specified above for tax years 1989 and 1990. R&N is
authorized to appear before the, County Assessor, the County Board of
Equalization, and/or the state Board of Assessment Appeals to act as the
undersigned's 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.
This agreement further authorizes R&N, as agent of the undersigned, to execute
and cause to be filed on behalf of the undersigned, in the name of the
undersigned, any and 11 documents relating to an appeal of the said
use t.
Ag L/ VP12/ �
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owne Property dLt44?tants
/repesentat ve at6e
MN Date `
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CLERK TO THE BOARD
P.O. BOX 758
111
GREELEY,COLORADO 80832 1 c
(303)358-4000 EXT.4225
COLORADO
February 25, 1992
Christopher D. Ruff
R & N Property Consultants
413 Main Street
P. O. Box 99
Windsor, Colorado 80550
Re: SCHEDULE NUMBER 1479086 -
Donald J. Drexler
SCHEDULE NUMBER 2810586 -
Frank C. Gregory
Dear Chris:
Per our phone conversation of February 24, 1992, this is to confirm a change in
the hearing date from Wednesday, March 4, 1992 to Wednesday, March 11, 1992 at
9:00 a.m.
If you have any additional questions, please call.
Sincerely,
Donald D. Warden,
Weld County Clerk to the Board
By: \Th_e
Deputy Cleto the Board
xc: Petitioners
Assessor - W. Lasell
County Attorney
.r,
1 r/40rra3?-3
If &1 \k\ CLERK TO THE BOARD
lit
(( P.O. BOX 758
GREELEY, 80632
(303)358. 000 EXT.4225
O
COLORADO
February 21, 1992
Donald J. Draxler
441 East 4th Street
Loveland, Colorado 80537
RE: SCHEDULE NUMBER 1479086 (0807-20-4-01-014)
Dear Mr. Draxler:
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: WIN JS-2 L2
JAMES SUB (818 Stone Mtn Ct) . This meeting is scheduled for Wednesday, March 4,
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: \ -U , Hc -
Deputy Clerlcjt 1 uw� �
o the Board
XC: Assessor - W. Lasell
County Attorney
R & N Property Consultants
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