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Home My WebLink About971562.tiffRESOLUTION RE: THE BOARD OF EQUALIZATION, 1997, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: HOFMANN THOMAS E 2307 CREEKWOOD DR FT COLLINS, CO 80525 DESCRIPTION OF PROPERTY: PIN: R1513886 PARCEL: 080721202004 - WIN 22855 N50' OF S95' OF L26-28-30-32 BLK11 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 $ 10,000 Improvements OR Personal Property 60.000 TOTAL ACTUAL VALUE $ 70,000 971562 AS0038 RE: BOE - HOFMANN THOMAS E 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. 971562 AS0038 RE: BOE - HOFMANN THOMAS E 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 29th day of July, A.D., 1997. APPROVED AS TO FORM: PA Ass' ty Attorney JO/ BOARD OF COUNTY COMMISSIONERS WELD UNTY, COLQRADO 24% eorge E. Baxter, Chair EXCUSED �. tance L. Harbert. •ro-Te Dale K. Hall Barbara J. Kirkme�yer� 971562 AS0038 BOE SUMMARY SHEET PIN #: R1513886 PARCEL #: 080721202004 HOFMANN THOMAS E 2307 CREEKWOOD DR FT COLLINS, CO 80525 HEARING DATE: July 29, 1997 TIME: 3:30 p.m. HEARING ATTENDED? (WV NAME AGENT NAME: APPRAISER NAME DECISION: Land ACTUAL VALUATION Improvements OR Personal Property Total Actual Value ORIGINAL SET BY BOARD $10,000 c, 60,000 $70,000 COMMENTS: / MOTION BY ��W TO 't -ii 17 ©1 0 OO SECONDED BY:j--4 Failed to prove appropriate value No comparables given Increase/Decrease in Valuation Assessment Ratio Other: Hall -- ) Kirkmeyer -- /N) Webster -- N) Harbert - Baxter - /N) RESOLUTION NO. 971562 #0Thit WIiDc COLORADO July 22, 1997 HOFMANN THOMAS E 2307 CREEKWOOD DR FT COLLINS, CO 80525 Dear Petitioner(s): CLERK TO THE BOARD PHONE (970) 356-4000 EXT.4225 FAX: (970) 352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 080721202004 PIN No.: R1513886 The Weld County Board of Equalization has set a date of Tuesday, July 29, 1997, at or about the hour of 3:30 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. 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. HOFMANN THOMAS E - R1513886 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 !LW a4.017 Donald D. Warden, Clerk to the BAard BY: arol A. Harding Deputy Clerk to the Board cc: Warren Lasell, Assessor COLORADO HOFMANN THOMAS E 2307 CREEKWOOD DR NOTICE OF DENIAL WIN 22855 N50' OF S95' OF L26-28-30-32 BLK11 OWNER: HOFMANN THOMAS E FT COLLINS, CO 80525 06/27/1997 OFFICE OF COUNTY ASSESSOR 1400 NORTH 17th AVE. --�; GREELEY, CO 8063! PHONE (970) 353-3845, EXT. 3650 li LOG 6278 PARCEL 080721202004 ACCOUNT R1513886 YEAR 1997 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 property should he included in the following category(ies): 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: NO CHANGE HAS BEEN MADE TO THE ACTUAL VALUATION OF THIS PROPERTY. COLORADO LAW REQUIRES US TO SEND THIS NOTICE OF DENIAL FOR ALL PROPERTIES ON WHICH WE DO NOT ADJUST THE VALUE. PROPERTY CLASSIFICATION PETITIONER'S ESTIMATE OF VALUE ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW LAND IMPS 10000 60000 10000 60000 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. By: 15-DPT-AR Form PR -207-87/94 WARREN L. LASELL WELD COUNTY ASSESSOR ue/2 i/sfl, DATE 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 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. r'e 4'L 44-7 Ifa- oc lca.nd v Lc r 'c t 19e' V;t-&&26 Ga O0O 11- ) vvr1JLt )V 51(iNAl Ulil; OE 1'h1IHONER C OOO K. HEARING DATE: July 29, 1997 TIME: 3:30 PM PROPERTY OWNER: Thomas Hofmann ADDRESS: 215 4th Street, Windsor PIN#: R1513886 & R1513986 PARCEL#: 0807-21-2-02-004 & 005 SUBJECT PHOTO I PIN: 1513886,1513986 COMPARATIVE SALES APPROACH NAME: HOFMANN, THOMAS COMP SALE NUMBER SUBJECT 1 ADDRESS 215 4 ST. 2 3 207 4 ST. 422 MAIN ST. 426 MAIN ST. WINDSOR USE SER GAR WINDSOR WINDSOR WINDSOR WAREHOUSE WHSE/OFFICE WHSE/RETAIL SALE DATE 8/96 5/95 9/93 SALE PRICE ADJ. SALE PRICE 49,000 180,000 82,500 LAND VALUE BLDG. VALUE BLDG SIZE SF 19,00O 131,000 7,930 9,750 11,145 10,313 39,250 168,855 72,187 2,160 4,228 4,080 BLDG PRICE/SQ. FT. 18.17 YEAR BUILT 1928 1900 39.94 17.69 1899 1900 EFFECTIVE YEAR 1965 1960 1965 1960 ADJUSTMENTS: BLDG.SIZE @ $18. RETAIL INTERIOR @ $20 BASEMENT @ $5 103860 66636 69300 -53280 -24000 -9900 NET ADJ TO ADJ SALE PRICE ADD BLDG VALUE NET ADJ TO SALE PRICE ADD SUBJECT LAND INDICATED VALUE INDICATED VALUE PSF INDICATED MARKET VALUE 103860 3456 45300 39250 168855 72187 143110 172311 117487 19000 19000 19000 162110 191311 136487 7,930 SQ FT X $20.00 = 158,600 2 20.44 24.12 17.21 COMPARABLE SALE PIN: 1513786 PARCEL #: PRIMARY OCCUPANCY: OFFICE: 2ND OCCUPANCY: ADDRESS: PROJECT: SALE DATE: SALE PRICE: ADJ SALE PRICE: GRANTOR: GRANTEE: YEAR BLT: EFFECTIVE AGE: BLDG SIZE: CLASS: CONSTRUCTION-QUAL: WALL HEIGHT: STORIES: BSMT SIZE: LAND SIZE: LAND VALUE: REMARKS: 80721202003 WHSE STOR 207 SOUTH 4TH ST. WINDSOR BOOK #: 08/27/96 RECEPTION #: $49,000 BROUGH, RICHARD C. AND KATHERINE L. LADD, THOMAS G. 1900 1968 2,160 AVG AVG LAND/BLDG RATIO: IMPS PRICE/PSF: SALE PRICE/PSF: CASH DOWN: LOAN: 12 INTEREST RATE: 2 LOAN TERM (YRS): POINTS PAID: 4,875 12,188 BUYER WAS TENANT BEFORE SALE. BUILDING IS OC- CUPIED AS AN OFFICE/SHOP/WHSE BY PLUMBING CONTRACTOR. 3 1564 2508926 2.26 $17.04 $22.69 $49,000 COMPARABLE SALE 2 PIN: 0269887 PARCEL #: 80716308006 ADDRESS: PROJECT: SALE DATE: SALE PRICE: ADJ SALE PRICE: GRANTOR: GRANTEE: YEAR BLT: BLDG SIZE: CLASS: CONSTRUCTION-QUAL: WALL HEIGHT: STORIES: BSMT SIZE: LAND SIZE: LAND VALUE: OCCUPANCY: 422 MAIN ST 0 05/18/95 $180,000 OFFICE/WHSE WINDSOR BOOK #: RECEPTION #: PUBLIC SERVICE CO FRONT RANGE COMMUNITY CREDIT UNION 1899 LAND/BLDG RATIO: 4,228 IMPS PRICE/PSF: C SALE PRICE/PSF: AVG CASH DOWN: 12 LOAN: 1 INTEREST RATE: 1980 LOAN TERM (YRS): 4,458 POINTS PAID: 11,145 REMARKS: OFFICE 2,664 SF AND WAREHOUSE 1,564 SF TOTAL 4,228. BSMT STORAGE ONLY. 4 1494 2440503 1.05 $39.94 $42.57 $180,000 0 0.Oo 0 0 COMPARABLE SALE 3 PIN: 1417986 PARCEL #: 80716308004 ADDRESS: PROJECT: SALE DATE: SALE PRICE: ADJ SALE PRICE: GRANTOR: GRANTEE: YEAR BLT: BLDG SIZE: CLASS: CONSTRUCTION-QUAL: WALL HEIGHT: STORIES: BSMT SIZE: LAND SIZE: LAND VALUE: OCCUPANCY: 426 MAIN ST 0 09/08/93 $82,500 RETAIL WINDSOR BOOK #: RECEPTION #: 1401 2349733 PIKE MAURICE J STAUSS DANIEL J & THERESA S 1900 LAND/BLDG RATIO: 1.01 4,080 IMPS PRICE/PSF: $18.20 C SALE PRICE/PSF: $20.22 AVG CASH DOWN: $2,500 18 LOAN: NEW 1 INTEREST RATE: 8.5% LOAN TERM (YRS): 30 4,125 POINTS PAID: 0 8,250 5 07/24/97 vacancy expenses Net income INCOME APPROACH Pin # 1513886 & 1513986 Name: THOMAS HOFMANN Prop Address: 215 4TH STREET WINDSOR Bldg sq ft Use 7930 SER GAR Tax rate: mill rate 0.102386 Subject Rents: Area 7930 Less vacancy & expenses: 5% 10% No of Units assm't rate 0.29 Annual rent psf $3.00 $2.55 Effective tax rate 0.02969 Net Income divided by overall cap rate=Property value Cap rate + eff tax rate 0.10 0.0297 Owner expense: taxes, insurance, maintenance COMPARABLE RENTALS USE J D BYRIDER SER GAR WONDER WHSE FRONTIER WHSE DREAM MAK WHSE ADDRESS 1412 8TH AV 2710 8TH AV 111 S1 ST. 108 6TH AV Annual gross Income 23790 1,190 2,379 20,222 Property Value value per sq ft 0.13 155,922 19.66 BLDG YEAR GROSS NET SIZE BUILT RENT PSF RENT PSF GREELE 11,504 1948 GREELE 5,600 1949 JOHNSTO 5,439 1948 GREELEY 7,010 1979 6 3.34 3.21 2.65 3.01 2.67 2.83 2.12 2.46 VALUE INDICATIONS SALE COMPARISON APPROACH: INCOME APPROACH: ASSESSOR'S 1997 VALUE: 7 $158,600 155,922 150,000 Hello