HomeMy WebLinkAbout991909.tiff RESOLUTION
RE: THE BOARD OF EQUALIZATION, 1999, WELD COUNTY, COLORADO - DENY
PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE
PETITION OF:
LA CASA ROSA LTD
2448 1 AVE
GREELEY, CO 80631
DESCRIPTION OF PROPERTY: ACCOUNT #: R7637999 PARCEL #: 080332305024 -
GR CP L12 CLAYTON PARK
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 1999, 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 1999, 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 represent, 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 $ 5,158
Improvements OR
Personal Property 143,100
TOTAL ACTUAL VALUE $ 148,258
991909
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71-11: � , -
RE: BOE - LA CASA ROSA LTD
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 one 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.
991909
AS0043
RE: BOE - LA CASA ROSA LTD
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 2nd day of August, A.D., 1999.
BOARD OF COUNTY COMMISSIONERS
/ I ! / 1 LD COUNTY, COL.RA!O
/ 4 lEi„ , /77_„
•rs =;r Y Dal K. Hall, Chair
eIdtounty� ler Board /
ro-Te
rbara J. Kirkmeyer, m
BY: . v
De to the Board y;r i
eorg xter
APPROVED AS TO FORM: ��
. J. eile
C tidy�,*/,c a .0 �, �
Ass ant Cou&y Attorney A.ii z/G'dd \
Glenn Vaad-
991909
AS0043
NOTICE OF DENIAL
OFFICE OF COUNTY ASSESSOR
GR CP L12 CLAYTON PARK 1400 EELEH AVE.
NORTH CO17thAVE.
80631
PHONE(970)353-3845,EXT.3650
WIOc.COLORADO OWNER: LA CASA ROSA LTD
LA CASA ROSA LTD LOG 2561
2448 1 AVE PARCEL 080332305024
ACCOUNT R7637999
GREELEY, CO 80631 YEAR 1999
06/14/1999
The appraised e� value
�off�property is based on the appropriate gg consideration of the approaches to value required by law. The Assessor has determined that
Elf gR R��ERTYLeTLSCLUIJTPGf VACANT BLAND, 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 determined the
valuation(s)assigned to your property. The reasons for this determination of value are:
YOUR PROPERTY HAS BEEN UNIFORMLY VALUED FOLLOWING COLORADO LAW AND INSTRUCTIONS
PUBLISHED BY THE STATE DIVISION OF PROPERTY TAXATION. YOUR PROTEST OF VALUE HAS
BEEN DENIED DUE TO COMPARISON OF OTHER SIMILAR PROPERTIES WHICH SOLD DURING THE
1997/1998 TIME PERIOD. THIS COMPARISON SHOWS YOUR ACTUAL PROPERTY VALUE TO BE
CORRECT FOR THAT PERIOD.
PETITIONER'S ASSESSOR'S VALUATION
PROPERTY CLASSIFICATION ESTIMATE
OF VALUE ACTUAL VALUE ACTUAL VALUE
PRIOR TO REVIEW AFTER REVIEW
LAND 5158 5158
IMPS 143100 143100
$ 148258 148258
TOTALS $
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.
06/14/1999
By: Stanley F. Sessions DATE
WELD COUNTY ASSESSOR
15-DPT-AR
Form PR-207-87/99 ADDITIONAL INFORMATION ON REVERSE SIDE
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 :or 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 20 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 of that decision. 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 10.
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, C.R.S., YOU MUST STATE YOUR OPINION OF VALUE IN TERMS OF A SPECIFIC DOLLAR
AMOUNT. Attach additional documents as necessary.
SI NAIUK6 OF Ph IIIIUNER � � aim4� / /��/ ��� �� 7/
FOPP
' 26283
NOTICE OF VALUATION
REAL PROPERTY
This Is Not a Tax Bill
LEGAL DESCRIPTION: Staley F. Sessions
Weld County Assessor
GR CP L12 CLAYTON PARK 1400 N. 17h Avenue
Greeley, CO 80631
Date
]May 1, 1999
HEARING DATES: 5/3/99-6/1/99
LOCATION: 1400 N 17th Avenue
OFFICE HOURS:
LACASAROSALTD TELEPHONE NO: 4353-3845 x-3650
24481 AVE ,.1098th:; �;
, ,��n , . FAX NO: 970) 351-0978
GREF.I FY CO 80631
TAX YEAR: 1999
TAX AREA: 0600
PARCEL NO: 080332305024
ACCOUNT NO: R7637999
PROPERTY PRIOR YEAR CURRENT YEAR INCREASE/
CLASSIFICATION ACTUAL VALUE ACTUAL VALUE DECREASE
RESIDENTIAL 0 148258 148258
TOTAL 0 148258 148258
Parcel# 080332305024
Account # R7637999
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:_=fseweI a/i4 •
Weld County Assessor Address: p a ,g,,, t_
1400 N. 17th Avenue G r ee k) co foe.; z
Greeley, CO 80631 Phone: 3 r2 i s si- c F _ es-y,9
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, including vacant land, is assessed at 29% of actual value (39-1-104(1) and (1.5), C.R.S.). A
change in the projected residential assessment percentage is not grounds for an appeal of value or abatement
of taxes. (39-5-121(1), C.R.S.) For oil and gas leaseholds, the value shown above is the taxable value of
your property.
Appraisal data used to establish value were gathered from the 18 month period ending June 30 1998.
If data from that period were insufficient, data from the five year period ending June 30 1998 were used.
Your property was valued as of January I 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 he
based on that value.
DOCUMENTATION - REASON FOR REQUESTING A REVIEVV:
Pr, /I a T4,r Crr4•/ 'fir--1 Drrr/.wr/ L�.r J Are..,e Krn�cr✓
4/74/ s Jo yN icr/rdeA>+ 0), //Mnh C-JIt Jr./
STANLEY F. SESSIONS
WELD COUNTY ASSESSOR
APPRAISAL REPORT
OF
MULTI-FAMILY PROPERTY
FOR
County Board of Equilization
LA CASA ROSA LTD
PETITIONER
vs.
WELD COUNTY ASSESSOR'S OFFICE
RESPONDENT
Parcel Numbers: 0803-32-3-05-023, 0803-32-3-05-024
0803-32-3-05-025
Schedule Numbers: R7637899, 7637999,7638099
Log Numbers: 2562, 2561, 2560
Date: August 2,1999
Time: 1:30 p.m.
PREPARED BY
APPRAISERS NAME
-_.11� J�� 4,2,5 3I6,78� -7/22/1,11
L. Rodrigu License No. Date
�U���//// APPRAISAL DATE
JUNE 30, 1998
ASSESSOR VALUE
$363,616
CBDa Res_Multi_071599
Page 1
GENERAL DESCRIPTION OF SUBJECT SITE
This property is located at 1009-1011-1013 C STREET in the city of GREELEY. The
legal description of the property is GR CP L11-12-13 CLAYTON PARK %1011 C ST%
• Utilities available to the site are typical for the area.
IMPROVEMENTS
The subject property improvements are identified as a three above ground apartment
buildings. These buildings being of frame/stucco construction with metal roofs.
Building 1 is 3,180 square feet housing 4 apartments, building 2 is 2,546 square feet
housing 6 apartments and building 3 is 1,900 square feet housing 4 apartments for a
total of 7,626 square feet housing 14 apartments. The improvements sit on a 20,446
square feet of land. The Assessor has classified the property as multi/family residential
of average quality. The subject is in a multi-family zoned area.
SUBJECT PHOTOGRAPH
.w
!ittl , n
De :ts
-;a
II
--------------
CBOE_Res_Multi 071599
Page 2
r•
n r,
Comparable Number 1
ANN
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'. frigr
".14 l5 F^ to I µ +
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Comparable Number 2
•
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•
Ok
440 10,400
Comparable Number 3
dl'i 9ili _r1 �
CBC'E_Res Multi_071699age
P 3
WELD COUNTY ASSESSOR'S
Comparables Report with Adjustment Grid
Subject Comp #1 Comp #2 Comp #3
SDate/Price 03/16/98 $350,000 09/28/97 $400,000 11/14/97 $503,000
Parcel# 080332305023 096120216001 096120205033 096120205001
Account# R7637399 R3878286 R3864186 R3861286
Address 1009 C STREET 2019-2023 GLENDALE 3001 LAKESIDE 3002 SUNSET DR
GREELEY EVANS EVANS EVANS
Neighborhood 143 143 $0.00 143 $0.00 143 $0.00
Land-SF 20,446 21,771 $0.00 19,820 $0.00 26,840 $0.00
Occupancy Apts>9 Units Apts>9 Units $0.00 Apts>9 Units $0.00 Apts>9 Units $0.00
Builtt As
<3 Stories <3 Stories $0.00 < 3 Stories $0.00 <3 Stories $0.00
Year Built 1998 1975 5.8% 1970 7% 1970 7%
Quality Average Average $0.00 Average $0.00 Average $0.00
Exterior Frame StLcco Frame Masonr -5% Frame Masonr -5% Frame Masonr -5%
Building SF 7,626 5012 $30.00 4812 $30.00 6,500 $30.00
Sub-basement 0 5012 $9.00 4812 $9.00 6,500 $9.00
Bsmt Finished 0 5012 $13.50 4812 $13.50 6,500 $13.50
Garage 0 0 $0.00 0 $0.00 0 $0.00
Units 14 12 $0.00 12 $0.00 16 $0.00
Time I $0.00 $0.00 $0.00
Amenities $7,000 $4,058 $0.00 $4,537 $0.00 $6,253 $0.00
Adjustments
Location $0 $0 $0
Occupancy $0 $0 $0
Built As $0 '. $0 $0
Age $20,300 $28,000 $35,210
Quality $0 $0 $0
Exterior ($17,500) ($20,000) ($25,150)
Building Size $78,420 $84,420 $33,780
Basement ($112,770) ($108,270) ($146,250)
Garage $0 $0 $0
Rooms $0 $0 $0
Bathrooms $0 $0 $0
Bedrooms $0 ! $0 $0
Time $0 $0 $0
Amenities $2,942 $2,463 $747
Total Adjustments ($28,608) •
($13,387) ($101,663)
Adusted Sale Price $321,392 $386,613 $401,337
Adjusted Sale$/SF , $42.14 '� $50.70 $52.63
$/SF Market for Subject $49.59
Final Market Value $378,173
C BO E_Res_Multl 071599
Page 4
IMPARTIALLY VALUATION
Constitution of Colorado, Article X - Revenue, section 20.1 General Consideration. This section
and ss 3 of this article reconciled. In order to reconcile the requirement of subsection (8)(c) of
this section that residential property be valued "solely by the market approach to appraisal" with
the equalization requirement of article X ss 3, the actual value of residential property must be
determined using means and methods applied impartially to all the members of each class .
Podoll v. Arapahoe County Board of Equalization, 920 P.2d 525 (Colo 1995)
MARKET APPROACH SUMMARY
Real property for the tax year 1999 must be valued utilizing the level of value for the
period of one and one-half years immediately prior to July 1, 1998. A period of five
years immediately propr to July 1, 1998 shall be utilized to determine the level of value
if adequate data is not available from such one and one-half year period to adequately
determine the level of value for a class of property. Said level of value shall be
adjusted to the final day of the data-gathering period. Changes occurring between
base years are not to be accounted for until the following level of value is implemented,
other than additions, change in use, detrimental acts of nature, damage due to fire, etc.,
creation of a condominium, new regulations restricting the use of the land, or a
combination thereof (39-1-104(11)(b)(1),CRS).
The Weld County Assessor has an established ongoing Confirmation and Validation
Program for property transactions used in developing values.
The subject property has been classified as Residential for assessment purposes,
Residential property value shall be determined by appropriate consideration of the of
the Marker Approach to Value (39-1-103(5)(a),CRS)
INDICATED MARKET VALUE
$363,616
C BOE_Res_Mupl_071599
Page 5
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