HomeMy WebLinkAbout930685.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 1993, WELD COUNTY, COLORADO
PETITION OF:
EXETER DRILLING NORTHERN INC
P 0 BOX 868
HOUSTON, TX 77001
DESCRIPTION OF PROPERTY: PIN: P 0012345 PARCEL: 105723000010 - DRILLING
RIG #22 23 4 66
WHEREAS, the Board of County Commissioners of Weld County, Colorado,
organized 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 1993, 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 1993, claiming that the property described in
such petition was assessed too high, as more specifically stated in said
petition, and
WHEREAS, said petitioner being represented by Robert Holland, who submitted
a letter regarding said petition, 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 Board of Equalization, that the evidence presented at the
hearing clearly supported the value placed upon the Petitioner's property 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:
930685
ORIGINAL
Land $
Improvements OR
Personal Property 18, 150
TOTAL ACTUAL VALUE $ 18, 150
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:
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 furnished 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)
930685
Page 3
RE: BOE - EXETER DRILLING NORTHERN INC
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)
Selecting the Arbitrator: In order to pursue arbitration, you
must notify the CBOE of your intent. You and the CBOE 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 CBOE 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 arbitrator's 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 arbitrator's fees and expenses are agreed
upon by you and the CBOE. In the case of residential real
property, such fees and expenses cannot exceed $150.00 per case.
The arbitrator's fees and expenses, not including counsel fees,
are to be paid as provided in the decision.
930685
Page 4
RE: BOE - EXETER DRILLING NORTHERN INC
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 29th day of July, A.D. , 1993.
p , 1 7� BOARD OF COUNTY COMMISSIONERS/0"/ATTEST: P ;� tvL;;,,,44,77 :1,1, ,D COUNTY, COLORADO
44,44
Weld County Clerk to the Board s Y 1° 4ic/
Constance L. Harbert, Chairman
BY: EXCUSED
Deputy Cler o the B W. H. bster, Pro- em
A OV S TO FORM:
eo�rrgge .E: Baxter
Qf��/�/�J
ounty Attorney f Dale 1
4arbara J. Kirkme r
930685
BOE DECISION SHEET
PIN lt: P 0012345 PARCEL 8: 105723000010
EXETER DRILLING NORTHERN INC
P 0 BOX 868
HOUSTON, TX 77001
HEARING DATE: July 29, 1993 TIME: 2:00 P.M.
HEARING ATTENDED? (Y/N7/ NAME:
AGENT NAME: //��
APPRAISER NAME: L'cf_ra_
DECISION:
DECREASE IN VALUATION
INCREASE IN VALUATION
NO CHANGE IN VALUATION '�-
ASSESSMENT RATIO
ACTUAL VALUATION
ORIGINAL ADJUSTED
Land $ $
Improvements OR
Personal Property 18, 150 /4
/.$0
Total Actual Value $ 18, 150 $ /15 1 /.p
COMMENTS: I7
MOTION BY �.CK1 TO toy,,y i',-i �,�/j...m le-
SECON
DED BY Baxter Y N)
Hall -- Y N)
Failed to meet burden of proof Harbert -- ON)
Comparables inadequate Kirkmeyer -- gY)N)
y,_ Other: '[� r Webster i4# e,�
-- ( jt
ACC rin ' 1-bn3ce 1I I 9 3 f0 Y R tr 1 71)
rk d:'rc 4 G± e4
I RESOLUTION NO.
93068E
ASSESSOR
1400 NORTH 17th AVE.
GREELEY, COLORADO 80631
} NOTICE OF DENIAL PHONE (303) 353-3845, EXT. 3656
WIlD
C. DRDRILLING RIG *22
COLORADO
• �•
H Q
OWNER EXETER DRILLING NORTHERN INC
EXETER DRILLING NORTHERN INC PARCEL 105723000010
PIN P O012345
P 0 BOX 868 YEAR 1993
HOUSTON TX 77001 LOG 00016
06/28/1993
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 LAM.
ALL OTHER PROPERTY, INCLUDING VACANT LAND, IS VALUED BY CONSIDERING THE COSTS
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:
YOUR PERSONAL PROPERTY HAS BEEN VALUED IN ACCORDANCE WITH COLORADO
LAM AND INSTRUCTIONS PUBLISHED BY THE STATE DIVISION OF PROPERTY
TAXATION. OTHER PERSONAL PROPERTY, SIMILAR IN NATURE, HAS BEEN
CONSISTENTLY VALUED USING THE SAME STATUTORY METHODS.
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE ACTUAL VALUE ACTUAL VALUE
OF VALUE PRIOR TO REVIEW AFTER REVIEW
PERSONAL PROPERTY 18, 100 .18, 150
TOTALS $ $ 18, 100 $ 18,150
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 _ O6/29/93 Q WELD COUNTY ASSESSOR DATE 930695 3
formPR2O -87/93 ADDITIONAL INFORMATION ON REVERSE SIDE a7
YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S riECIASION
ThE Gouger Boardof Equalization will sit to hear appeals beginning July 1,and,Gor.tinuin hear6CIAAugust1Gfor
rC' er-edd renal - 0 nuildlfass} and persona€ progeny (furriittIEggs ee actaryt.rg, a > f dodatengi,e, 39BL.104 and
39 AO I ✓ : ..
AP PR ..,4i H GS.:
If add . r .Ante or .,rtpeel the Assessor's decision, mad or deliver doe try f 'fl r u'd r . C, ,;cunt
Boa'd , on. To Preserve your r gh to appeal,your appr .:;; Y, :iirt o: if<
. ,. PROPERTY, `., Cr
,;:-i � r 16 Fi..?F? REAL tTE:C}r :`t q..,f..A f`"� , dr L � r'w c'.-t tis S ,,.'ivt't d.._. f,d
WELD t'C'tIe f-" BOAR) •`3f [Oleo TEA .UN
; 915 ltttl' Greet, P.O. nu: .158. 1 ". F 7 ,
✓. C eir' n :00 80630
ota o • :3n Qf3 .. ..
4P
•.Nir::_,: , r'o 't'' : EA INfa: r r .
You ' ` ' a. ed of the time and place set tor the hearing of your anneal.
� r.
Cciej ;t . ..r >* ^.k rid£•- OOALUZATION"S DE1� "gJi N -nOr :
The Co voty Board of Equalization must make a decision on your appeal and mail you a determination within five
eusiderah neono County Board must conclude Phad hearings by August litnoo .
ha EOP`tIi RtHERIAPPEALS: i r t➢ - v , , , 7 . •
4 • a
:ti A that Nelefled wdh the f"r,ynty E3,aarr1 of Eqpglivatriorft o;ec4vO d _n ust PYIe 'I k isi Iv ,y t,yyr_of tnFr
:y ri i uil}y ,r`}sra tF..tt7il`.+' trt (IVF:°7.L7Y "iRV'"11?ewU : ONC::-f f't4 t'' fckfl ulei Sd�lt
Board of Assessment Appeals (SAA)t r ; C r
;he 7 AA at 1313 Sherman, Room 315, Denver. Colorado 80202. MEG, E66 g ffla0.
District Court:
9th Avenue and 9th Street, P.C. Box C
Greeley, Colorado 80632
c.. r Tt ::.. - . . .1pleBl*p1e,,(3O.:}f .5 }At9Oc..,.E '. 4P4 „4' -cr , .
. . .t, '. y c • •
• `� � � ddkPtAE$�a�$i(e Yf , .. .. � f�
c_. "
th L ColUYIPt TQt'RD'6F€� I}.F eAt QN v
• '315 10rh"Street, P.C gox i58
Greeley, Colorado 80632
Telephone (3031 356 4000, Ext. 4225
If you do not receive a determination from the County Board of Equalization,you must fire an appeal wwith the Board
,.: ; ;r,z: Appeals by September 20.
TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL;
THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROO€' OF MAILING.
PETITION TO THE COUNTY BOARD OF EQUALIZATION
in the space below. please explain why you disagree with the Assessor's valuation. IN ACCORDANC W fH
39-8-1 twi '.' C.. RS, YOU MUST STATE YOUR OPINION F VALUE `N CE..RM s ClOF n. SPECIFIC DOLLAR
A€2
AMO NT.. Attach additional documents as necessary.
t .
I . • t
"SEE ATTACHED LETTER OF PROTEST"
i
1993 PERSONAL PROPERTY PROTEST
ATTACHMENT TO SCHEDULE NO. 0012345
WELD COUNTY COLORADO
Sec. 39-1-105. "All taxable property, real and personal , within the state at
twelve noon on the first day of January, designated as the official assessment
date, shall be listed, appraised and valued for assessment in the county
wherein it is located on the assessment date. "
Sec. 39-5-113.3. Oil and gas drilling rigs - Apportionment of Value -
(1) "As soon after the assessment date as may be practical , the assessor
shall determine those oil or gas drilling rigs that were operating, stored, or
maintained in the county during the preceding calendar year
(4) "This section shall apply to the apportionment of value of oil or gas
drilling rigs and not to the provisions of section 39-5-113. "
Sec. 39-1-105 establishes the assessment date, in this case January 1, 1993.
Sec. 39-5-113.3 provides for the apportionment of value, based on the location
of a drilling rig during the preceding calendar year. Sec. 39-5-113.3 does
not provide the assessor the right to establish a "new assessment date" which
he had done in this case.
Exeter's drilling rig number 22 was destroyed by fire August 21 , 1992 while on
location in Weld County, Colorado . Since said drilling rig was not in
existence on January 1 , 1993 , the "official assessment date" , Exeter
respectfully request that the assessor' s 1993 actual valuation current year
value of $62,586 be changed to $ -0-.
•
•
930685
IIt!
CLERK TO THE BOARD
P.O. BOX 758
GREELEY,COLORADO 80632
WIIDc. (303)3564000 EXT.4225
COLORADO
July 16, 1993
Parcel No. : 105723000010 PIN No. : P 0012345
EXETER DRILLING NORTHERN INC
P 0 BOX 868
HOUSTON, TX 77001
Dear Petitioner(s) :
The Weld County Board of Equalization has set a date of Thursday, July 29,
1993, at or about the hour of 2:00 P.M. , to hold a hearing on your
valuation for assessment. This hearing will be held at the Weld County
Centennial Center, 915 10th Street, Greeley, Colorado, in the First Floor
Hearing Room.
You have a right to attend this hearing and present evidence in support of
your petition. The Weld County Assessor will be present before the Board.
The Board will make their 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 10, 1992, and mailed to you on or before
August 16, 1992.
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.
930685
EXETER DRILLING NORTHERN INC - P 0012345
Page 2
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.
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,
BOA D OF EQUALIZATION//�J
1:
Donald D. Warden,44:17
Clerk to the Board
BY: fi/X�{—� y�C-�n— ,
arol A. Harding, Deputy
cc: Warren Lasell, Assessor
N
4
930685 t,
eglik OCCIDENTAL PETROLEUM SERVICES, INC.
OXY
SUBSIDIARY OF OCCIDENTAL PETROLEUM CORPORATION
July 21, 1993 RETURN RECEIPT ghQUBSTED
CERTIFIED NO. P139 727 413 5
GL_. ...
Carol A. Harding, Deputy
Weld County Board of Equalization
915 10th Street, P. 0. Box 758
Greeley, Colorado 80632
RE: Protest of Parcel No: 105723000010 PIN No: P0012345
Hearing Date July 29, 1993
Dear Ms. Harding:
Please accept this letter as support documentation applicable to the
protest listed above. Your notice dated July 16, 1993 is attached.
On August 21, 1992, Exeter Drilling Company's drilling rig Number 22 was
destroyed by fire while on location in Weld County, Colorado.
Sec. 39-1-105. "All taxable property, real and personal, within the state
at twelve noon on the first day of January, designated as the official
assessment date, shall be listed, appraised and valued for assessment in
the county wherein it is located on the assessment date. "
Sec. 39-5-113.3. Oil and gas drilling rigs - Apportionment of Value -
(1) "As soon after the assessment date as may be practical, the assessor
shall determine those oil or gas drilling rigs that were operating, stored,
or maintained in the county during the preceding calendar year
(4) "This section shall apply to the apportionment of value of oil or gas
drilling rigs . . . . "
Sec. 39-1-105 establishes the assessment date, in this case January 1,
1993. Sec. 39-5-113.3 provides for the apportionment of value, based on
the location of a drilling rig during the preceding calendar year. Sec.
39-5-113.3 does not allow the assessor to establish a "new assessment date"
which he had done in this case.
Since said drilling rig was not in existence on January 1, 1993, the
"official assessment date" , Exeter respectfully request that the assessor's
1993 actual valuation current year value of $62,586 be changed to $ -0- .
Thank you for your time and consideration in this matter.
Regards,
Robert L. Holland
Manager of Property Tax
RLH/j lh
Enclosure
2000 Post Oak Boulevard P. 0. Box 868 Houston,Texas 77001-0868 (713)840-7100
930685
HEMD
JUL 191993 CLERK TO THE BOARD
WIlD
P.O. BOX 758
0XY PROPERTY&EXCISE AN; Y3,°9" GREELEY,COLORADO 80832
HAOUSTON,TEXAS JED 'v.,.
C SH r " (303)358.1000 EXT.4225
OOH �/
HLC
JRB
COLORADO RLLHH ✓
July 16, 1993
Parcel No. : 105723000010 PIN No. : P 0012345
EXETER DRILLING NORTHERN INC
P 0 BOX 868
HOUSTON, TX 77001
Dear Petitioner(s) :
The Weld County Board of Equalization has set a date of Thursday, July 29,
1993, at or about the hour of 2:00 P.M. , to hold a hearing on your
valuation for assessment. This hearing will be held at the Weld County
Centennial Center, 915 10th Street, Greeley, Colorado, in the First Floor
Hearing Room.
You have a right to attend this hearing and present evidence in support of
your petition. The Weld County Assessor will be present before the Board.
The Board will make their 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 10, 1992, and mailed to you on or before
August 16, 1992.
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.
9J0685
EXETER DRILLING NORTHERN INC - P 0012345
Page 2
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.
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,
Bhat
OF EQUALIZATION
Donald D. wa den
,
Clerk to the Board
BY: / `' ,�..L sz-1 '/7—/ 2-" D �p
arol A. Harding, Deputy ��
cc: Warren Lasell, Assessor
330617,)
/F.>G°Lo Colorado Department of Local Affairs
ai cc;
DIVISION OF PROPERTY TAXATION
Mary Anne Maurer
Property Tax A LEI q.Y ASSESSOR
/876
Roy Romer o
Governor
JUN 1 D 1993
TO: All County Assessors
GREELEY,COLON!—
FROM: Mary Anne Maureri4,
Property Tax AdministratorL��" .:
SUBJECT: 1987 Oil and Gas Drilling Rig Apportionments
DATE: February 5, 1987
DISTRIBUTION: File in Section V, AH565 Oil and Gas Replacement Cost
Manual
------------------
MEMORANDUM
Effective January 1, 1987, all oil and gas rotary drilling rigs that are
subject to local assessment must be apportioned between counties by
using the previous year's location. This change in apportionment
procedure also applies to auxiliary equipment located on licensed truck
mounted drilling rigs.
This change is required due to the provisions of H.B. 1178 which was
passed in 1986.. A copy of this act is attached for your review.
The new procedure for apportioning rigs and auxiliary equipment is:
1 . their All county assessors, who determine that rigs were operating in
countiesg the pra
evious
owner orear, must )l agent. If
copy of additional rig information is desired, it is suggested that a
Div the Drill
Division of Property Taxatio Questionnaire be mailed rwithsthevdeclarrationhe
schedule.
2. On the declaration schedule, the rig owner or agent must list
all rigs that were located in the county during the previous
year, and must attach a drilling log for each rig. The
declaration schedule must be signed and filed with the assessor
by April 15 of each year.
3. The rig owner or agent must mail , to the county of original
assessment sufficient 0
todeterminetanvaluationdforlassessmentoperty
j 'EXHIBIT
1313 Sherman Street, 623 Centennial Building, Denver, Colorado 80203 (303) 866-2371 CD1e3i!
3ps85
h
4. The assessor of the COA must value the rig and apportion the
value between the counties listed on the drilling log.
5. By May 24, the assessor of the COA must mail a notice of
valuation and apportionment to the rig owner or agent and to
all counties to which an apportionment was made. In addition,
the assessor of the COA must mail a copy of the drilling log to
each of the assessors involved.
6. Each assessor receiving an apportionment from a COA must use
the valuations provided by the assessor of the COA.
7. All rig assessments must be reflected in the applicable
counties' abstract submitted by August 10 of each year.
An important point to remember is that, as of January 1, 1987, all
valuations and apportionments must be based on prior year information
only and rigs that move into the state during the current year are not
valued until the following year. In addition, the 25% minimum valuation
provided by 39-5-110 C.R.S. is still in effect.
This act also provides that the Property Tax Administrator define the
term "oil and gas drilling rig" which is to be applied by all Colorado
assessors. The definition will be included in ARL Volume 5 - Personal
Property Manual to be published this year.
MAM:DW:go
87rigapp
x(1)1
•
930685
CaloraGC Capart en G: Local Artairs
.0c cotEN
DIVISION OF PROPERTY TAXATION
u, °o Mary Anne Maurer
**� * Property Tax Administrator
* /876 * -
Roy Romer
Governor
TO: ALL COUNTY ASSESSORS
FROM: Mary Anne Maurer, 1/14-a-c.h-c-it--
Property Tax Administrat
SUBJECT: Drilling Rigs and the 25% Assessment Minimum
DATE: April 18, 1988
DISTRIBUTION: Circulate to Personal Property Staff
Place in AH 565, Section V
MEMORANDUM
The Division has been contacted regarding whether the 25% minimum
assessment, as stated in 39-5-110 C.R.S. , still applies to the valuation
and apportionment of drilling rigs. After discussions with the Colorado
Attorney General 's office, it has been determined that the 25% minimum
assessment no longer applies to drilling rigs.
Drilling rig proration and apportionment is specifically covered in 39-
5-113.3 C.R.S. The first sentence of this paragraph states:
(2) The assessor, upon receiving such inventory and notification
that his county was the first location of the rig in Colorado,
shall determine its value and shall apportion such value between
the counties in which the drilling rig was located during the
preceding year and the districts thereof, in the proportion that
the periods of time during which such equipment was located or
maintained in such counties bear to the full calendar year.
The Assistant Attorney General has advised us that, since this statute
specifically covers the proration and apportionment of drilling rigs, it
would supercede the general provisions covering taxable personal
property moved out of state that are stated in 39-5-110 C.R.S. Among
these general provisions are the 25% assessment minimum.
All counties of original assessment (COA's) for drilling rigs must be
sure to exclude drilling rigs from the 25% minimum assessment. All
valuations and apportionments must be based on the actual number of days
the rig is in Colorado.
If you have any questions regarding this interpretation, please call
Bill Hyde or Chris Woodruff of this office.
4a -
7
1313 Sherman Street, 623 Centennial Building, Denver, Colorado 80203 (303) 866-2371
930685
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ri l,vf)fL S sv , d�:ae', a A ,70,,.......:.
1.-.,#;.... :,',...A1:1.12-Tel-n-1:-.5.
76 I 77 Valuation and Taxation
: 39-5-113.3
ale personal property r 39-5-111. Livestock,agricultural products-not valued, when. (Repealed) , t e
Ie administrator and r
shall be so designed Repealed, L. 83, p. 1485,§ I1, effective April 22, 1983. ''.
location and general ≥ pr'fiIF
nto the various sub- ` 39-5-113. Movable equipment - apportionment of value. (2) k i
ring of such informa- The assessor of the county in which such equipment is located on the assessment date ` ,•-,' '
:olorado income tax ` shall determine its value and shall apportion such value between the counties 'j
aired by the assessor affected and the school districts thereof, in the proportion that the periods 'I
:hedule shall include of time during which such equipment may be located or maintained in such
39-1-102 7.2 , of a �'
( ) counties bear to the full calendar year. He shall furnish a copy of such valua-
pursuant to section . tion and apportionment to the owner of such equipment or to his agent and
nd the date on which shall also transmit a co •
py,thereof to the assessor of each county affected i ':
as his authority to list the apportioned value of such equipment on the assess
lay 8; (1) amended, ment roll of his county. For purposes of making such apportionment, the valuation of the portable or movable equipment made by the assessor of ,�
the county of original assessment shall be used by all county assessors
involved.
(4) Repealed, L. 76, p. 765, § 33, effective January 1, 1977. ',
Source:(2)amended,L. 90, p. 1696,§ 18, effective June 9.
It
iEditor's note:The repeal date shown for subsection(4) in the 1982 Replacement Volume 16B was erroneously printed as"January 1977"instead of"January 1, 1977". i
tent date - removal
ory. (2) If any tax-
tent date or brought 39-5-113.3. Oil and gas drilling rigs-apportionment of value.(I) As soon
ite is removed from : after the assessment date as may be practicable, the assessor shall determine
n the owner thereof' those oil or gas drilling rigs that were operating, stored, or maintained in
rate, shall apply to the county during the preceding calendar year and shall mail or deliver two +{ I!
Ited and valued for copies of a declaration to the place of business or drilling operation or to
I proceed to revalue the residence of each person known or believed to own such rigs, or to the
year as the revalue.
3 agent of such person. Such person or his agent shall list in such declaration ,'
state bears to th all oil or gas drilling rigs owned by him, or in his possession, or under his
le less than twenty ' control that were located in said county during the previous calendar vear2
:ion s t n awe ty : attaching thereto the drilling logs of the respective rigs showing their various I
locations and corresponding dates. In addition, such person or his agent shall
d, if such original-, provide to the assessor of the first county in Colorado listed on each rig's
annual abstract o ' log an inventory of that rig's equipment sufficient to determine a valuation
valuation shall be
for assessment. The original copy of the declaration shall be signed and
:ly notify the treas returned to the assessor no later than the April 15 next following. a
ide. Failure of th (2) The assessor, upon receiving such inventory and notification that his
•
make application: county was the first location of the rig in Colorado, shall determine its value i
erty from the stat- ' and shall apportion such value between the counties in which the drilling
I,
ation by the asse `: rig was located during the preceding year and the districts thereof, in the i' '
ion (2) shall apply, proportion that the periods of time during which such equipment was located e same ownership , or maintained in such counties bear to the full calendar year. On or before il I June 15, the assessor shall furnish a copy of such valuation and apportion- I' I7
83. ment to the owner of such equipment or to his agent and shall also transmit II d 'I
a copy thereof to the assessor of each county affected, together with a copy
22; (2) amende. of the drilling log for that rig. For purposes of making such apportionment,the valuation of the oil or gas drilling rig made by the assessor of thbfa :
J7��`�t'��r. j
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�y 4 FY T xW `YM5 P24*Z. M}epT¢"4.4rj •11i Z m..rm:''._,
Y, -2C4 4,---R �L+eyMnY lir+ ..r-------_ `SS'-Y 'Y„,.._ ,._,...:1 Y. ' 1 -.7:-.
f„
<, i 39-5-113.5 Taxation 78 7947
Colorado county on the log shall be used by all county assessors involved. 39-5-116.
In the subsequent counties, the assessor shall accept the returned declaration (I) If any p
with the rig's name and location data as a proper filing,
i personal pro?
(3) The values so apportioned shall be included in the affected counties' or his depur.
abstracts of assessment filed pursuant to section 39-5-123. : and return tr. il
(4) This section shall apply to the apportionment of value of oil or gas by such date
drilling rigs and not the provisions of section 39-5-113. . vided for in
•
(5) For purposes of this section "oil and gas drilling rigs" shall be defined :. the amount c
by the property tax administrator pursuant to section 39-2-109 (I) (e), which 'r amount of tax.
definitions shall be uniform and consistent throughout the state. sonal propem
Source: Entire section added, L. 86, p. 1107, § 1, effective July I, 1987; to be filed. .
(2) amended, L. 88, p. 1297, § 4, effective April 29; (2) amended, L. 90, r or more of su
p. 1696, § 19, effective June 9. 17
for filing, for
in writing anc i
a amount of twc
t 'j
1. extension shall
1.- •• 39-5-113.5. Works of art - apportionment of value. (1) Any persons s which a persoi
_; ,. owning any works of art which are apt to be displayed in any county of to file one or [
t the state during any calendar year shall indicate in a statement accompanying shall be subjec
their personal property schedule the kind and description of such works of. requested. Fun
art and the estimated period of time during the calendar year in which such.!s ules by April I
works of art are to be so displayed and shall provide to the assessor proof extension. then
of exemption pursuant to the provisions of sections 39-3-123 and 39-26-102 •., taxable person:
(2.5). Failure to file a statement results in forfeiture of a claim for exemption and obtainable
in that calendar year. i of such valuati
} (2) The assessor of the county in which such works of art are displayed -_( the assessor's c
shall determine its value in the proportion that the periods of time during for collection w:
which such works of art may be displayed bear to the full calendar year. .a (2) (a) If an
He shall furnish a copy of such valuation to the owner of such works of.:4 cessive persona
art or to his agent. s assessor or his c
Source: Entire section added, L. 84, p. 999, § 2, effective Janua 1 1 a full and comr
ry
amended, L. 89, p. 1484, § 8, effective April 23; (2) amended, L. 90, p 1697>::. poses, the assts
§ 20, effective June 9. a full and cam
_':i date of notificat I
value of such pe
39-5-115. Taxpayer to furnish information - affidavit on mineral leases r'•4 available to and
(1) At any time prior or subsequent to April 15 of each year, the assesso or his agent of
may request any person known or believed to own taxable property locate', :a amount of up u
in his county to furnish such information or to make available.for examina-'' medne dofthehtrea
-4 -, tion such records as may be required by him to determine the actual value
of such property. xrsonal proper.
(2) Within ten days after the execution of a mineral lease, a lessor sh• 01 his personal r
file with the assessor an affidavit stating the annual net rental payable under `sled schedule an
such lease for the purposes of determining the actual value of such mineral ow or by him.
•
interest where the income approach to appraisal is utilized by the assessor: • owned him.
Such affidavit shall constitute a private document and shall be available oi. (13) Any pers
a confidential basis as provided in section 39-5-120. s sonal property c
not be assessed c
Source: Entire section amended, L. 85, p. 1213, § 11, effective May 9 mein rolls under t
•
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930685
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1
oe co o Colorado Department of Local Affairs
P5 DIVISION OF PROPERTY TAXATION •
Mary E. Huddleston
* *F* Property Tax Administrator
1876
Roy Romer
Governor
TO: All County Assessors
FROM: Mary Huddleston 1C
Property Tax Administ ator
SUBJECT: 1993 Oil and Gas Drilling Rigs Valuation Schedule
DATE: January 29, 1993
DISTRIBUTION: Circulate .to appropriate staff
Place in ARL Volume 5, Section VI .
MEMORANDUM
Attached are the recommended procedures for the valuation of oil and gas
drilling rigs in 1993. The values contained within these procedures are
based on drill rig and equipment sales during the 1992 calendar year.
The Statutory Advisory Committee (SAC) met on March 2, 1993, and
reviewed the attached appraisal procedures for use in 1993. The State
Board of Equalization has thirty days to review the recommendations of
SAC. If there are changes, you will be advised in a separate memorandum
of the action of the SBOE. Otherwise, the procedure is effective April
2, 1993.
If you have any problems or questions on the use of these procedures,
please contact Mike Owen or Bill Hyde at the Division office for
assistance.
•
•
Attachments
DW:M0/JRH/jrh
93RIGBUL.DOC/
HYDE NETWORK SD DRILLRIG
teas 85
1313 Sherman Street, Room 419, Denver, CO 80203, (303) 866-2371
TDD (303) 866-5300 FAX (303) 866-4000
2
1993 OIL AND GAS DRILLING RIG
(Market Valuation Depth Schedule)
MARKET VALUATION DEPTH SCHEDULE
To use the market valuation depth schedule, the assessor must physically
inspect the rig and determine the following:
1. Actual rig depth capacity.
2. Overall physical condition according to condition ratings
shown in the condition ratings section.
3. Additional items such as drill pipe and collars.
All operating oil and gas rotary platform drilling rigs are to be valued
for 1993 using the market valuation depth schedule found below.
• RIG CONDITION
RIG DEPTH STACKED FAIR GOOD
(Market Value in $ per linear foot)
7,499' AND UNDER $4.31 $6.33 $16.92
7,500' TO 12,499' $5.31 $8.88 . $19.76
12,500' AND OVER $4.17 $8. 13 $15.16
Rig actual values are calculated by multiplying the actual rig depth in
feet times the market value per linear foot from the schedule based on
rig condition . Additional items such as drill pipe and collars must be
added to this value if they are present.
The resulting total actual value is then multiplied by the specified
year's adjustment factor to determine the specified year's level of
value.
CONDITION RATINGS
Condition ratings must be determined by a physical inspection of each
rig using the following guidelines:
GOOD - The rig is in good mechanical condition and needs no
major repairs or maintenance. It has been overhauled or has had
very limited use so that no repairs or replacement of worn parts
is necessary. The rig and related equipment will have a low
number of operating hours.
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i
3
FAIR - The rig has seen a substantial amount of service or
operating hours. A limited amount of use remains in the rig and
may require a general overhaul soon. The need for major repairs,
overhaul or rebuilding is evident from inspection.
STACKED - Stacked rigs are those rigs which have been stacked
over a year and are in poor condition. Because of stacking,
these rigs show additional physical deterioration which will
require additional repairs and/or maintenance to begin
operation.
Rigs which have been stacked only a short time, do not show
additional physical depreciation due to "pickling" (covered with
a preservative grease) , or are subject to regular maintenance
should be valued using the operating rig depth schedule.
The appraiser must evaluate the rig as a whole and assign the rating
that most approximates the rig's condition. Do not interpolate between
the ratings and values provided.
ADDITIONAL ITEMS
The schedule values shown for both operating and stacked rigs do not
include values for drill pipe and drill collars. Add the following
values for pipe and collars:
DRILL PIPE - $1.30 per linear foot
DRILL COLLARS - 7499' & under $ 720
7500' to 12,499' $ 960
12500' & over $1,080
BASE YEAR LEVEL ADJUSTMENT FACTOR
Colorado statutes 39-1-104(12.3) (a) (I) require that the actual value of
personal property be adjusted to the base year level of value. For 1993,
the base year adjustment factor for drilling rigs is 1.00.
930685
• 4
DRILLING RIG VALUATION EXAMPLE
The subject property is an operating, skid-mounted, rotary drilling rig
located, as of January 1, in Carbon County, Colorado. The assessor's
physical inspection determined that the rig was originally manufactured
to drill to 8,000 feet but had been rebuilt to drill to 10,000 feet. The
inspection also noted 12,000 feet of drill pipe and collars. The rig is
determined to be in good condition.
10,000' (adjusted rig depth)
x$19.76 (per foot value from depth schedule)
$197,600 Value of rig
+ 15,600 (drill pipe - 12,000'x $1.30 per foot)
+ 960 (drill collars - $960 total for 10,000' rig)
$214,160 Current level of value of rig and relateddpment
x 1 .00 (specified year's adjustment factor)
$214,160 Specified year's level of value
x .29 (statutory assessment rate)
$62,106 Assessed value
The assessed value is then apportioned, as required in 39-5-113.3,
C.R.S, to all counties where the rig was in operation during the
previous calendar year.
�tt
330685
Section VII , page 7. 1
SPECIAL PERSONAL PROPERTY ISSUES
The purpose of this section is to discuss special issues related to the
valuation or administration of personal property. This section of will
be added to and revised periodically to include new special issues
regarding personal property as they arise.
APPORTIONMENT OF VALUE
Apportionment means the division of taxable value between two or more
counties within the state. Apportionment does not affect the total
taxable value of the property.
Personal property valuations are apportioned only in the following
instances:
1. Movable equipment that is located in more than one county
during the year.
2. Oil and gas drilling rigs that are located in more than one
county during the year.
A
MOVABLE EQUIPMENT
The statutory requirements and definitions for movable equipment
apportionments are found in 39-5-113, C.R.S.
Original Apportionment
All persons owning movable equipment, except owners of oil and gas
drilling rigs, that is apt to be located in more than one county during
the assessment year must file the following information with the
assessor no later than April 15:
1. Kind, description and serial number of the property.
2. Counties where the property will be located during the
year.
3. The estimated period of time that the property will be in
each county.
The taxpayer files this information with the county assessor of the
county in which the property was located on January 1 . This county is
called the County of Original Assessment (C.O.A.) .
15-OPT-AS
PUB ARL VOL 5 2-89
Revised 1-91
930685
It is the responsibility of the assessor of the C.O.A. to determine the
actual and assessed value of the movable property for the entire
assessment year. The assessor of the C.O.A. is also responsible to make
apportionments of value for the subsequent counties listed by the
taxpayer. The taxpayer must be notified of the assessed valuation and
the apportioned values of the movable equipment.
The apportionment is based upon the number of days that the property is
located in each county.
Example:
Subject Property: Portable Highway Sprinkler Systems (Privately
Owned) .
C.O.A.: Larimer County
1989 Actual value estimate: S25,000
Adjusted to Specified Level of Value: $24,750
Assessed Value (@ 29%) : $7,180
Counties and Time Estimates for Each County:
County , Est. Time Property to be Located in County
Larimer 45 days
Boulder 65 days
El Paso 120 days
Adams 135 days
365 days
Actual Value per Day: $24,750 -:- 365 a $67.81
Apportionment of Value to Each County
Larimer: 45 days
Apportioned Value: (45 x $67.81) - $3,051
)
Boulder: 65 days
Apportioned Value: (65 x $67.81) . $4,408
El Paso: 120 days
Apportioned Value: (120 x $67.81) - $8,137
Adams: 135 days
Apportioned Value: (135 x $67.81) - $9,154
Total : 365 days igiat2
15-OPT-AS
PUB ARL VOL 5 2-89
Revised 1-91
+t+
930685
Section VII , page 7.3
The taxpayer and each of the three counties is notified of the
apportioned value by the Larimer County assessor. The value of the
movable equipment is included on the abstract of assessment. The
subsequent counties are required to use the valuation and the
apportionment provided by the assessor of the C.O.A. Any protests of
value by the taxpayer are made to the C.O.A.
Amended Apportionments
If movable property is moved into a county not listed in the original
declaration or if movable property is located in a county for a
different length of time than that originally declared, the assessor of
any county so affected shall request an amended apportionment from the
county of original assessment. This must be done whether the time the
equipment is located in the county is shorter than or longer than the
period of time used in the original apportionment.
The assessor of the C.O.A., upon receipt of such a request for amended
apportionment shall reapportion the values to all affected counties
accordingly. The taxpayer and the affected counties must be notified of
any amended apportionments. If any county fails to request the amended
apportionment, the original apportionment shall stand for that
assessment year.
When the change in apportionment occurs after the abstract of assessment
is filed, the assessors recertify the valuation to the taxing
jurisdictions affected pursuant to 39-1-111(5) C.R.S. . If the change in
apportionment occurs after the tax warrant has been delivered, an
abatement or additional assessment will be made by the affected
counties.
•
OIL AND GAS DRILLING RIGS
The term "oil and gas drilling rig" means any drilling unit capable of
drilling oil and gas wells, except vehicle mounted rigs subject to the
specific ownership tax. In addition, the term includes the auxiliary
equipment which is not permanently attached to a vehicle which is self-
propelled or capable of being towed. A complete description of an oil
and gas drilling rig is found in SECTION VI, OIL AND GAS EQUIPMENT.
15-OPT-AS
PUB ARL VOL 5 2-89
Revised 1-91
930685
- Section VII , page. 7 .1
The statutory requirements regarding the apportionment of the valuations
of oil and gas drilling rigs are found in 39-5-113.3 C.R.S. Beginning
January 1, 1987 the procedure is as follows:
1. County assessors shall determine those rigs that were operating
in their counties during the previous calendar year and mail DS
056 declaration schedules to the owner or agent.
2. The owner or agent submits a declaration listing all rigs that
were located in the county during the previous year, and attaches
the drilling log for each rig.
3. The owner or agent sends an inventory of the rigs equipment
sufficient to determine the valuation for assessment to the
assessor of the first county in Colorado listed on each rig's log.
The declaration must be filed with the assessor no later than
April 15.
4. The assessor in the county of original assessment values the
rig and apportions the value between the counties listed on the
drilling log according to the period of time the rig was located
in each county.
5. The value apportioned to each affected county is based on the
proportion that the actual number of days the rig was located in
each county bears to the full calendar year. The minimum 25
percent of full year valuation provision of 39-5-110(2) , C.R.S.
does not apply to oil and gas drilling rigs that are located in
Colorado for a total period of time that is less than 25 percent
of the full year.
6. On or before June 15, the assessor furnishes a copy of the
valuation for assessment and the apportionment to the
owner/operator. Also by June 15, the assessor sends the valuation,
apportionment, and a copy of the drilling log to every county
assessor involved, and the assessors must use the values as
apportioned by the assessor of the C.O.A.
7. The apportioned rig values are listed in the abstract of
assessment.
15-OPT-AS
PU8 ARL VOL 5 2-89
Revised 1-91
93068:
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