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HomeMy WebLinkAbout971356.tiffRESOLUTION RE: THE BOARD OF EQUALIZATION, 1997, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: CREASY ROLAND ESTES SR & JENNIE 3105 GRANDVIEW DR GREELEY, CO 80634 DESCRIPTION OF PROPERTY: PIN: R1343686 PARCEL: 080524305001 - 1SO-27 L27 AMENDED SONNY VIEW ESTATES 1ST FILING %3105 GRANDVIEW DR% WHEREAS, the Board of County Commissioners of Weld County, Colorado, convened 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 1997, 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 1997, claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, said petitioner not being present or represented, 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 Weld County Board of Equalization, that the evidence presented at the hearing clearly supported the value placed upon the Petitioner's property, after review 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: ACTUAL VALUE AS DETERMINED BY ASSESSOR Land $ 62,500 Improvements OR Personal Property 168.345 TOTAL ACTUAL VALUE $ 230.845 971356 AS0038 RE: BOE - CREASY ROLAND ESTES SR & JENNIE Page 2 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 on of the following three options; however, said appeal must be filed within 30 days of the denial: 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) 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. 971356 AS0038 RE: BOE - CREASY ROLAND ESTES SR & JENNIE Page 3 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. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 17th day of July, A.D., 1997. BOARD OF COUNTY COMMISSIONERS WELD BOUNTY, COLQRAD ��s"�"' Deputy the Board APPROVED AS TO FORM: ou Attor y Constance L. Harbert, Pro- em Baxter, Chair Dale K. Hall EXCUSED Barbara J. Kirkmeyer EXCUSED W. H. Webster 971356 AS0038 gt119'G1 /1 -a'2 BOE SUMMARY SHEET CREASY ROLAND ESTES SR & JENNIE 3105 GRANDVIEW DR GREELEY, CO 80634 HEARING DATE: Thursday ARING ATTENDED? (Ye) AGENT NAME: APPRAISER NAME. kttZ �� PIN #: R1343686 PARCEL #: 080524305001 NAME. DECISION: Land Improvements OR Personal Property Total Actual Value ACTUAL VALUATION ORIGINAL SET BY BOARD $ 62,500 % 168,345 $230,845 COMMENTS: MOTION BY ail TO -g` 3Di 49r SECONDED BY Failed to prove appropriate value No comparables given Increase/Decrease in Valuation Assessment Ratio Other: /6g) -57 -le 30 Hall --®N) Kirkmeyer Webster -- (Y/N4.--eg --SN) Baxter -- N) RESOLUTION NO._ 971356 Wi�Yc fAtri COLORADO July 9, 1997 CREASY ROLAND ESTES SR & JENNIE 3105 GRANDVIEW DR GREELEY, CO 80634 CLERK TO THE BOARD PHONE (970) 356-4000 EXT.4218 FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 080524305001 PIN No.: R1343686 Dear Petitioner(s): The Weld County Board of Equalization has set a date of Thursday, July 17, 1997, at or about the hour of 8:30 a.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. A number of hearings have been scheduled at this time; peitioners will be asked to sign in with the Clerk upon arrival, and cases will be heard on a first come / first heard basis. You have a right to attend this hearing and present evidence to the Board in support of your petition. The Weld County Assessor or his representative will be present. The Board will make its decision on the basis of the record made at said 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 5, 1997, and mailed to you on or before August 10, 1997. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes, of which you will be allowed 10 minutes for your presentation. 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. CREASY ROLAND ESTES SR & JENNIE - R1343686 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, BOARD OF EQUALIZATION Donald D. Warden, Clerk to the =oard BY. Carol A. Harding Deputy Clerk to the Board cc: Warren Lasell, Assessor IIMe COLORADO CREASY ROLAND ESTES 3105 GRANDVIEW DR GREELEY, CO 80634 NOTICE OF ADJUSTMENT 15O-27 L27 AMENDED SONNY VIEW ESTATES 1ST FILING %3105 GRANDVIEW DR% OWNER: CREASY ROLAND ESTES SR & JENNIE SR & JENNIE 07/02/1997 C,LE7, LOG 2060 PARCEL 080524305001 ACCOUNT R1343686 YFAR 1997 TI OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. GREELEY, CO 80631 PHONE (970) 353.3845, EXT. 3650 The appraisal value of property is based on the appropriate consideration of the approaches to value required by law. The Assessor has determined that your propertyshould be included in the following category(ies): RESIDENTIAL PROPERTY IS VALUED BY CONSIDERING THE MARKET APPROACH. 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 determined the valuation(s) assigned to your property. The reasons for this defemination of value are: DUE TO THE VOLUME OF APPEALS YOUR NOTICE OF DETERMINATION HAS BEEN DELAYED AND POSTMARKED LATER THAN JUNE 30TH. IF YOU WISH TO APPEAL YOUR VALUATION FURTHER PLEASE FORWARD A COPY OF YOUR NOTICE SHOWING THIS MESSAGE ALONG WITH YOUR DESIRE TO GO TO THE COUNTY BOARD OF EQUALIZATION. THIS WILL ALLOW YOU AN EXTENSION THROUGH MIDNIGHT JULY 21ST. BASED ON A STUDY OF COMPARABLE PROPERTIES THAT SOLD FROM 1/1/95 TO 6/30/96 WE HAVE ADJUSTED YOUR PROPERTY TO THE 1997 LEVEL OF VALUE AS SHOWN BELOW. PROPERTY CLASSIFICATION PETITIONER'S ESTIMATE OF VALUE ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW LAND IMPS 62500 169899 62500 168345 TOTALS $ $ 232399 $ 230845 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. 07/02/1997 By: I5-DPT-AR Form PR -207-87/94 WARREN L. LASELL WELD COUNTY ASSESSOR DATE ADDITIONAL INFORMATION ON REVERSE SIDE S YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION The County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 5 for real property (land and buildings) and personal property (furnishings, machinery, and equipment) 39-8-104 and 39-8- 107(2), C.R.S. APPEAL PROCEDURES: If you choose to appeal the Assessor's decision you must appeal to the County Board of Equalization. To preserve your right to appeal, your appeal must be POSTMARKED OR DELIVERED ON OR BEFORE JULY 15 FOR REAL PROPERTY, AND JULY 21 FOR PERSONAL PROPERTY. WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970)356-4000 Ext. 4225 NOTIFICATION OF HEARING: You will be notified of the time and place set for the hearing of your appeal. COUNTY BOARD OF EOUALIZATION'S DETERMINATION: The County Board of Equalization must make a decision on your appeal and mail you a determination within five business days. The County Board must conclude their hearings by August 5. TAXPAYER RIGHTS FOR FURTHER APPEALS: If you are not satisfied with the County Board of Equalization's decision you must file within thirty days of the County Board of Equalization's written decision with ONE of the following: Board of Assessment Appeals (BAA): Contact the BAA at 1313 Sherman, Room 315, Denver, Colorado 80203, (303)866-5880. District Court: 9th Avenue and 9th Street, P.O. Box C Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4520 Arbitration: WELD COUNTY BOARD OF EQUALIZATION 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Telephone (970) 356-4000, Ext. 4225 If you do not receive a determination from the County Board of Equalization, you must file an appeal with the Board of Assessment Appeals by September 11. TO PRESERVE YOUR APPEAL RIGHTS, YOU MUST PROVE YOU HAVE FILED A TIMELY APPEAL; THEREFORE, WE RECOMMEND ALL CORRESPONDENCE BE MAILED WITH PROOF OF MAILING. PETITION TO THE COUNTY BOARD OF EQUALIZATION In the space below, please explain why you disagree with the Assessor's valuation. IN ACCORDANCE WITH 39- 8-106(1.5), C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR AMOUNT. Attach additional documents as necessary. ES //!�TIT'�AT` ) / /'tt D ` ALuE ti oo as EsT-�!A6 `) / Sc V!-7L1Jg iy-31, ooh 2J 6 TAI c RE' 5C Xl G.AFII IS EXCESS,rvEL y Ncrci-1® '°/° ¶&t CREASE 61\! ,)-1005E,, 9 CCESSIVe y 4),0-62-6' o7/o7/ 97 I NA UE• F'61 (TUNER! °Alb ROLA® Ea CRU)59 SRo A}3 3105 G -RP fJ P VIEW EAU 1 R o G-RELES 3� A ccouT R 13'713 486 VALU PecTtoNS LA op 1793 ifo;5n-o kooSE 19'93 113) 737 + � 1N� !97S; Ito) 0O6 + /Io us E 1a9,3± �-- Lk ki5 cREAsy 13006 -HT PRa PERTy Ho" 36 _TKCli 6F 7iiCk ; o = 'to ocaa 81?`1 = i , 1 7. lbiLLi3 13�� � SeS`7.5Zt LP Rth -7 77 1 �J 79y7- ---F y --9A 75- )3.P, , 3 `7 gZ N cc'±y g%C775- FoR 11 J, Y& THE FRAAHE 3 .THC 8EL.TEVim' 77(-E S-cRc,a rA&E or tK) cREASE Fa i< ci7 SHavLL BE LESS Tf�A /® i o V o F i 77� TS ig29-7 m L,00/<S .=f THE L..ANI VhLOfTT.7-btJ rR d37,CAATA5 _BASED GN1 A /EAR oR HORE- -riME t -RAH E m e e 'z-- TD ASScSSoPS of f zeC Ala. Tat dt- VAL,otrrzokl. /'r,J hPfEgL._ S a.b NOTICE OF VALUATION REAL PROPERTY This Is Not a Tax Bill LEGAL DESCRIPTION: 1S0-27 L27 AMENDED SONNY VIEW ESTATES 1 ST FILING 7.3105 GRANDVIEW DRY. ************************AUT0 5 -DIGIT 80631 CREASY ROLAND ESTES SR & JENNIE 3105 GRANDVIEW DR GREELEY, CO 80631-9488 11..1.1I..,.I I.1„I I...l I I I, I.., I..I I„1' 11.1.11.1. • I, I.I„I, I Warren L. Lasell Weld County Assessor 1400 N. 17th Avenue Greeley, CO 80631 Date: 05/22/97 HEARING DATES: MAY 22 - JUNE 20 1997 LOCATION: 1400 N 17th Avenue OFFICE HOURS: 8:30 - 4:00 TELEPHONE NO: 970 353-3845 x-3650 FAX NO: (970 351-0978 TAX YEAR: 1997 TAX AREA: 0208 PARCEL NO: 080524305001 ACCOUNT NO: R1343686 PROPERTY CLASSIFICATION RESIDENTIAL TOTAL PRIOR YEAR ACTUAL VALUE 182724 182724 CURRENT YEAR INCREASE/ ACTUAL VALUE DECREASE 232399 49675 232399 49675 Parcel# 080524305001 Account# R1343686 To appeal by mail, list your name, address, and phone # below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Name: Weld County Assessor Address: 1400 N. 17th Avenue Greeley, CO 80631 Phone: An assessment percentage will be applied to the actual value of your property before taxes are calculated. The assessment percentage for residences is projected to be 9.74%. Generally, all other property is assessed at 29% of actual value (39-1-104(1) and (1.5)(a), C.R.S.). A change in the projected residential assessment percentage is not grounds for appealing property values or abatement (39-5- 121(1), C.R.S.) Assessed value for oil & gas production is 87.5% primary and 75% secondary. Appraisal data used to establish value were gathered from the 18 month period ending June 30 1996. If data from that period were insufficient, data from the five year period ending June 30 1996 were used. Your property was valued as of January 1 of the current year. The "current year actual value" represents the actual or market value of your property. The tax notice you receive next January from the treasurer will be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: YOU HAVE THE RIGHT TO APPEAL YOUR REAL PROPERTY VALUE OR ITS CLASSIFICATION, APPEAL PROCEDURES REAL PROPERTY APPEAL PROCEDURES APPEAL BY MAIL: If you choose to mail a written appeal, you may elect to complete the appeal portion of this form, detach it, and mail or FAX it to the Assessor at the address listed on this Notice of Valuation. To preserve your right to appeal, your mailed appeal must be postmarked no later than May 27. APPEAL IN PERSON: If you choose to present oral or written objections to the Assessor in person, you may elect to complete the appeal form at the bottom of this page and deliver it to the Assessor at the address listed on this Notice of Valuation. Appeal in person between May 1 and June 2. ASSESSOR'S DETERMINATION: The Assessor must make a decision on your appeal and mail a Notice of Determination to you by the last regular working day in June. APPEALING THE ASSESSOR'S DECISION: If you are not satisfied with the Assessor's determination, or if you do not receive a Notice of Determination from the Assessor, you must file a written appeal with the County Board of Equalization on or before July 15. REAL PROPERTY APPEAL FORM YOU MAY ELECT TO COMPLETE THE FORM WHICH FOLLOWS TO APPEAL YOUR PROPERTY VALUATION OR CLASSIFICATION. REAL PROPERTY VALUATION APPEALS: If you disagree with the "current year actual value" or the classification determined for your property, you may appeal by mail or in person with the County Assessor. Please refer to the Appeal Procedures for the deadline dates for filing appeals. Completing the Real Property Questionnaire which follows will help you determine an estimate of value for your property. Which can be compared to the value determined by the Assessor. Colorado law requires consideration of the market approach to value for residential properties includes apartments) and the cost, market, and income approaches to value for vacant land, commercial, and industrial properties. REAL PROPERTY QUESTIONNAIRE ATTACH ADDITIONAL DOCUMENTS AS NECESSARY MARKET APPROACH: This approach to value uses sales from the appropriate time period to determine the actual value of your property. The following items, if known, will help you estimate the market value of your property. If available, attach a copy of any appraisal or written estimate of value. Have similar properties in your immediate neighborhood sold? DATE SOLD PROPERTY ADDRESS SELLING PRICE Note: The Cost and Income Approaches are used on Commercial and Industrial properties only. COST APPROACH: This approach uses replacement cost new, less depreciation and is best when the structures are new or less than S yrs old. If the structure is less than 5 yrs oldpleaseanswer the following: Type of Structure Cost to construct new I -lave changes been made since construction. Please describe them. Type of change Cost Type of change Cost Type of change Cost INCOME APPROACH: This approach uses net income from operation of a property which was rented or leased the previous year and converts the net income into actual market value. Please attach operating statements showing income and expenses related to operation of the buildings only. These statements should reflect the past 3y ears of operation if possible. Also show rents of comparable properties if you have that information available. If you have an appraisal showing the income approach which was done in the past 2 years, please attach also. Based upon the information shown above please give your estimate of the true market value of your property as of June 30, 1996 $ uj h COO All •A ' ` Etv TO ASSESSOR °W 06/0 /v7 NOTICE OF VALUATION REAL PROPERTY This Is Not a Tax Bill LEGAL DESCRIPTION: 150-27 L27 AMENDED SONNY VIEW ESTATES 1 ST FILING 7.3105 GRANDVIEW DR% RH IUD f a F P64L AU G'-- ]3 *C*******************••••••AUTO 5 -DIGIT 80631 CREASY ROLAND ESTES SR & JENNIE 3105 GRANDVIEW DR GREELEY, CO 80631-9488 11..1.1I....II....II....111.1...I..II.,I.I..I.II...J.I.I..l.1 Warren L. Lasell Weld County Assessor 1400 N. 17th Avenue Greeley, CO 80631 Date: 05/22/97 HEARING DATES: MAY 22 - JUNE 20 1997 LOCATION: 1400 N 17th Avenue OFFICE HOURS: 8:30 - 4:00 TELEPHONE NO: (970) 353-3845 x-3650 FAX NO: (970) 351-0978 TAX YEAR: 1997 TAX AREA: 0208 PARCEL NO: 080524305001 ACCOUNT NO: R1343686 PROPERTY PRIOR YEAR CLASSIFICATION ACTUAL VALUE RESIDENTIAL 182724 TOTAL 182724 CURRENT YEAR INCREASE/ ACTUAL VALUE DECREASE 232399 49675 232399 49675 Parcel# 080524305001 Account # R1343686 To appeal by mail, list your name, address, and phone # below, detach the lower portion of this notice and mail in accordance with instructions on the reverse side to: Name: Address: Weld County Assessor 1400 N. 17th Avenue Greeley, CO 80631 Phone: An assessment percentage will be applied to the actual value of your property before taxes are calculated. The assessment percentage for residences is projected to be 9.74%. Generally, all other property is assessed at 29% of actual value (39-1-104(1) and (1.5)(a), C.R.S.). A change in the projected residential assessment percentage is not grounds for appealing property values or abatement (39-5- 121(1), C.R.S.) Assessed value' for oil & gas production is 87.5% primary and 75% secondary. Appraisal data used to establish value were gathered from the 18 month period ending June 30 1996. If data from that period were insufficient, data from the five year period ending June 30 1996 were used. Your property was valued as of January 1 of the current year. The "current year actual value" represents the actua4 or aket value of your property. The tax notice you receive next January from the treasurer will be baEd:on that value, DOCUMENTATION - REASON FOR REQUESTING A REVIEW: 9s YOU HAVE THE RIGHT TO APPEAL YOUR REAL PROPERTY VALUE OR ITS CLASSIFICATION, APPEAL PROCEDURES REAL PROPERTY APPEAL PROCEDURES APPEAL BY MAIL: If you choose to mail a written appeal, you may elect to complete the appeal portion of this form, detach it, and mail or FAX it to the Assessor at the address listed on this Notice of Valuation. To preserve your right to appeal, your mailed appeal must be postmarked no later than May 27. APPEAL IN PERSON: If you choose to present oral or written objections to the Assessor in person, you may elect to complete the appeal form at the bottom of this page and deliver it to the Assessor at the address listed on this Notice of Valuation. Appeal in person between May 1 and June 2. ASSESSOR'S DETERMINATION: The Assessor must make a decision on your appeal and mail a Notice of Determination to you by the last regular working day in June. APPEALING THE ASSESSOR'S DECISION: If you are not satisfied with the Assessor's determination, or if you do not receive a Notice of Determination from the Assessor, you must file a written appeal with the County Board of Equalization on or before July 15. REAL PROPERTY APPEAL FORM YOU MAY ELECT TO COMPLETE THE FORM WHICH FOLLOWS TO APPEAL YOUR PROPERTY VALUATION OR CLASSIFICATION. REAL PROPERTY VALUATION APPEALS: If you disagree with the "current year actual value" or the classification determined for your property, you may appeal by mail or in person with the County Assessor. Please refer to the Appeal Procedures for the deadline dates for filing appeals. Completing the Real Property Questionnaire which follows will help you determine an estimate of value for your property. Which can be compared to the value determined by the Assessor. Colorado law requires consideration of the market approach to value for residential properties (includes apartments) and the cost, market, and income approaches to value for vacant land, commercial, and industrial properties. REAL PROPERTY QUESTIONNAIRE ATTACII ADDITIONAL DOCUMENTS AS NECESSARY MARKET APPROACH: This approach to value uses sales from the appropriate time period to determine the actual value of your property. The following items, if known, will help you estimate the market value of your property. If available, attach a copy of any appraisal or written estimate of value. Have similar properties in your immediate neighborhood sold? DATE SOLD PROPERTY ADDRESS SELLING PRICE Note: The Cost and Income Approaches are used on Commercial and Industrial properties only. COST APPROACH: This approach uses replacement cost new, less depreciation and is best when the structures are new or less than S yrs old. If the structure is less than 5 yrs oldpleaseanswer the following: Type of Structure Cost to construct new have changes been made since construction. Please describe them. Type of change Cost Type of change Cost Type of change Cost INCOME APPROACH: This approach uses net income from operation of a property which was rented or leased the previous year and converts the net income into actual market value. Please attach operating statements showing income and expenses related to operation of the buildings only, These statements should reflect the past 3years of operation if possible, Also show rents of comparable properties. if you have that information available. Ifyouhave an appraisal showing the income approach which was done in the past 2 years, please attach also. Based upon the information shown above please give your estimate of the true market value of your property as of June 30, 1996 $ Idol -AO E, CREPE) °M16 CRS y 31o5 &-RPa) VIBE Ro G-REELE$ ct y 3± ccouS# R i3 'FE 6 $6 IVALU KTIa1 S Li NJ 'D 1793 `i o f c0 q60,56 I9 3 113) 737 �A N_D 99 C .o J 006 loouSE _.99,c :1a�J 3 . gout -HT PRd FER7y Ho(1136 _770 A F°U iJT or PERCEQFAGE- 1-?\)CRCA5EOF ?'j1cR ASec + o -v Jac =1ao<2-, 2-.3I 7. ?-6gi`Ye 1a)oOo 5-62 ova c /a 2 /ter FoiR YYM THE FRAHE 1S -3CLTEUC THE P-cRcEiYYGE 6F ir\) ci,RE/6k5E FolZ ±777 5/-iovLL 3C LESS 77-/A d 0 a • ° ° o F .1.9377t t TS 9-7 m G-7 z-.5 yJG L-,o°i-<s p6 IF THE LAO) V ?LATrotJ ±c9cujAsBASE_ c A1-yEMoRHnRe TSr�F FRAME 1g9`y Tay (p! CiLi [fro e Ho oS 1_,R NCI /-/-ov55 L.1M N.0 poo5E I -1005E LA koo56' f,6L.wKID mu re CR,EA9/ 16F 3±0S- v'xev D R. C-REELEy2 ad m06 31- I �g 4cCooa. R ±3V3 ‘W \fML0A �t`Io)35 Moo -KIT oF CREP6E -Y ?3 yoy oo 197 x 2737 7s 4t 5I ±775 Li()) aoo + do/ On 502 op-oi d/° 99 +y ni a-31 -+a) 1+73 -" 3V>7P-4 Rs 5g?'S6'YZ 1997 d32-y7n- +33:6gi �6(93F'f % 1.360 F11g2 A55ES5MEW- .±J73 FAZ R 55E55 M a1T 975 o UE R vPL,0 AT b t5/ ,q 0D or 2L776 FAt& A 55c5s H E T J:177 O ULOATeb By Al3ov_T 1777 oJe-&UALUA- -7-EP 81 �9ov1 F TAT CREASE devc i 6TAL� LAW) [ALOE . iJ CKCA9E 2,250 O ro f A L Ho osC vG.o E XiJ cRE E " L a ? 77ri 10 TOTAL °/o Z"M GREASL 5-1C ® 2 O TcTL Hoo5E0/s trJcPEASE Liga01 -, R o L 1w c -R t o 2- 0105 6-P PM) view No c_R e,EXco D 3i—` en A ccotiT R d3'71-� A F T UIAL°A To1J rick .9Y? wouLD BE, Fo LM 1\1_b <53L; 0OO Fe & /)o056 iq32 2 c o d Sales Comparablles Adjustmei Co• y in oe Noc; EA Ce. y N ir EA too 7 I —I• C F FA $110.48/sf too a N 'y ai EA fi Adjusted Sales Price $207,734 Adjusted Sales Price $213,806 Adjusted Sales Price $235,875 Adjusted Sales Price $194,910 N OD 0 Att 702 sf Det 851 sf Att 569 sf Att 552 sf Out Bldg 1224 sf 576 sf 576 sf Bsrnt Size Bsmt Fin None W `" O -O N 1426 sf 1426 sf 1,638 sf 806 sf 1344 sf EA E O a 3- Full 3 -Full 1-1/2 4 M a N M— I. N w Masonry 2,135 sf Frame 2,167 sf o , R y N � d E R w w ti o E 0cia'--' w W c in Style Year Built Quality 1 Story 1977 Average 1 Story 1973 Average Plus 1 Story 1964 Average 1 Story 1972 Average Plus Bi Level 1 Story 1978 Average Land Size Land Value $62,500 o 00 in 69 $41,438 0 0 O 69 0 in N 4 Sales Date Sales Price 6-8-95 $269,868 Time Adj Sales Price $217,068 1-30-96 $264,648 Time Adj Sales Price $223,210 4-15-96 $286,850 Time Adj Sales Price $236,850 3-15-96 $235,538 Time Adj Sale Price $173,038 PIN# Address Subject Acct# 1343686 3105 GrandView Dr. Comp #1 Acct# 2576786. 2600 65th Av. Comp #2 Acct# 2580186 2650 64th Av. Comp #3 Acct# 2585786 6350 24th St. Comp #4 Acct# 1341786 3228 GrandView Dr. oc r G Roland Estes Sr Creasy O in O 'I- V) M N 06 N 0' i V go V) <1- 00 O on N V E E 0 Hello