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HomeMy WebLinkAbout971573.tiffRESOLUTION RE: THE BOARD OF EQUALIZATION, 1997, WELD COUNTY, COLORADO - DENY PETITIONER'S APPEAL AND AFFIRM ASSESSOR'S VALUE PETITION OF: WINTON LIMITED PO BOX 1518 GREELEY, CO 80632 DESCRIPTION OF PROPERTY: PIN: R2811086 PARCEL: 096105315023 - GR 4851 L32-33-34 BLK 44 TOGETHER WITH PORTION OF VAC 8TH ST DESC AS COMM SE COR BLK 44 W9.75' TO TRUE POB S10.5' W24' N6.0' THENCE W3.0' N4.5' E27.0' TO TRUE POB (265.5SQ') ALSO COMM SE COR BLK44 W43.0' TO TRUE POB S4.5' W8.6' N4.5' E8.6' TO TRUE POB (38.7SQ')%803 8 ST% 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 Improvements OR Personal Property TOTAL ACTUAL VALUE $ 31,255 489,335 $ 520,590 971573 AS0038 RE: BOE - WINTON LIMITED 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 fora 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. 971573 AS0038 RE: BOE - WINTON LIMITED 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 31st day of July, A.D., 1997. ATTEST: Weld Cou BY Deputy APPROVED AS 0 Assent of ty Attorney BOARD OF COUNTY COMMISSIONERS WELD OUNTY,COLORADO Geo) E. Baxter, Chair Constance L. Harbert, Pro- RECUSED Dale K. Hall EXCUSED Barbara J. Kirkmeyer (f W. H. Webster 971573 AS0038 NOTICE OF DENIAL /Ott COLORADO WINTON LIMITED P 0 BOX 1518 GREELEY, CO 80632 GR 4851 L32-33-34 BLK 44 TOGETHER WITH PORTION OF VAC 8TH ST DESC AS COMM SE COR BLK 44 W9.75' TO TRUE POB S10.5' W24' N6.0' THENCE W3.0' N4.5' E27.0' TO TRUE POB (265.5SQ') ALSO COMM SE COR BLK44 OWNER: WINTON LIMITED 07/17/1997 LOG PARCEL ACCOUNT YEAR 6405 096105315023 R2811086 1997 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 property should be 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: 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 1995/1996 TIME PERIOD. THIS COMPARISON SHOWS YOUR ACTUAL PROPERTY VALUE TO BE CORRECT FOR THAT PERIOD. PROPERTY CLASSIFICATION PETITIONER'S ESTIMATE OF VALUE ASSESSOR'S VALUATION ACTUAL VALUE PRIOR TO REVIEW ACTUAL VALUE AFTER REVIEW LAND IMPS 31255 489335 31255 489335 TOTALS $ $ 59nS9n $ aonr WI 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- 06(1)(a), C.R.S. Please see the back of this form for detailed information on filing your appeal. By: I 5-DPT-AR Form PR -207.87/94 WARREN L. LASELL WELD COUNTY ASSESSOR 07/17/1997 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. SIC.NA I VICE OF PEIll DA I E WINTON LIMITED 8TH AVENUE AND 8TH STREET,: GREELEY, COLORADO July 15, 1997 CLE.. - MAILED CERTIFIED 7/15/97 Weld County Board of Equalization 915 10th St, P.O. Box 758 Greeley, CO 80632 E7 Subject: Appeal of 1997 County Assessor's Valuation Winton Limited Log - 6405; Parcel - 096105315023 Account - R2811086; Year 1997 TO WHOM IT MAY CONCERN: We are appealing the County Assessors final determination of the assessed valuation of the Madison and Main property located at 8th Avenue and 8th Street valued at $520,590. This building has 13,532 rentable square feet and total operating income for 1996 of $19,139. We offer as comparison four other properties in the downtown area that have sold within the last 14 months. They are: Sale Date Address Sale Price Square Foot Price/Sq.Ft. 10/4/96 701 10th St. $212,600 7,876 $28.81 3/31/97 901 10th Ave. $230,000 10,178 $22.60 (Gross rental income - $63,317; Total operating expenses - $32,523; Net operating income - $30,794 = 13.4% of sale price) 6/3/96 916 10th St. $57,600 4,800 $12.00 (This is the old Stewart Title building.) 5/1/96 1331 8th Ave. $150,000 8,860 $16.93 We respectfully request your reconsideration of the valuation of our property at 8th Avenue and 8th Street in light of the comparables that we are sharing with you. Sincerely, WINTON LIMITED Robert G. Tointon jar CERTIFIED ru o a ■ 1,1111lJi..I,IJJ„I,J,LI,,IdIIIII | 0 el | ; C.B.O.E. HEARING DATE: JULY 31, 1997 TIME: 1:30 P M OWNER OF RECORD: WINTON LIMITED ADDRESS: 801 8 STREET GREELEY CO 80631 PIN #: R2811086 PARCEL #: 0961-05-3-15-023 APPRAISAL DATE AS OF: JUNE 30, 1996 SUMMARY OF SALIENT FACTS AND CONCLUSIONS Purpose of the Appraisal: Estimate market value on June 30,1996 Property Rights Appraised: Unencumbered fee simple interest Property Address: 801 8 Street, Greeley, Colorado Improvement: Retail/Office Store Land Size: 8,930 square feet Zoning: C-4 Service Business Assessor's Value: 1997 Land Value: $ 31,255 Imps Value: 489,335 Total Value: $520,590 Highest and Best Use: Present use as Retail/Office Store Size of Improvements: 1 floor 2 floor Basement Year of Construction: 1983 Effective Age: 13 years Remaining Economic Life: 32 years Estimated Land Value: $31,255 Estimate of Values: Cost Approach: Land Value: Improvement Value: Total Value Rounded: 7,617 square feet 7,257 square feet 5,865 square feet $ 31,255 738,330 $770,000 Sales Comparison -Approach: $ 520,600 Income Approach: $ 528,100 Final Estimate of Value: $520,590 Date of Value: June 30, 1996 • la DY —.1 MLA .. f s�.\ c / / i Yr Parcel Number . Property Owner . Address City, State, ZIP: Surveyed by Date of Survey . 0961-05-3-15-023 WINTON LIMITED 801 8 STREET GREELEY, CO, 80631 DWS 07/29/97 Occupancy: 49% Office, 51%Retail Store Floor Area: 14,874 square feet Class: Masonry Cost rank: Average Cost as of: 4/96 Number of stories: 2.0 Average story height: 16.0 feet Effective age: 20 years Heating and Cooling: Warmed & Cooled Air 100% Other features: Units Cost Total Basic structure cost 14,874 61.74 918,321 Less Depreciation: Physical and Functional Depreciated Cost <19.6%> <179,990> 738,330 Miscellaneous: Land Total 31,255 769,585 Rounded to nearest $1,000 770,000 Cost data by MARSHALL and SWIFT PIN: 2811086 NAME: WINTON LTD COMP SALE NUMBER SUBJECT ADDRESS 801 8 ST USE SALE DATE SALE PRICE ADJ. SALE PRICE LAND VALUE BLDG. VALUE SIZE SF BSMT FINISH LAND/BLDG RATIO BLDG PRICE/SQ. FT. YEAR BUILT EFFECTIVE YEAR GREELEY OFFICE COMPARATIVE SALES APPROACH 1 2 3 4 5 81514 ST 809 9 ST 913 11 AV 111613 ST 825 9 ST GREELEY GREELEY GREELEY GREELEY GREELEY OFFICE RETAIL OFFICE OFFICE RETAIL 04/01/94 08/08/95 05/01/96 02/28/94 05/15/95 287,000 135,100 165,000 140,000 400,000 287,000 136,250 165,000 140,000 400,000 31,255 20,000 11,820 20,625 17,990 57,500 489,335 267,000 124,430 144,375 122,010 342,500 14,874 8,960 4,022 3,011 2,554 14,375 2,800 0 0 1,440 0 0 0.60 1.12 0.73 2.49 3.52 1.00 29.80 30.94 47.95 47.77 23.83 1983 1972 1984 1974 1970 1957 1983 1972 1984. 1974 1980 1960 ADJUSTMENTS: BLDG.SIZE@30.00 BUILDING AGE BSMT FINISH @10.00 177420 325560 355890 369600 14970 30000 0 16200 4600 120000 28000 28000 13600 28000 28000 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 14874 X $35.00= 520590 235420 353560 385690 402200 162970 267000 12443O 144375 122010 342500 502420 477990 530065 524210 505470 31255 31255 31255 31255 31255 533675 509245 561320 555465 536725 35.88 34.24 37.74 37.34 36.08 COMPARABLE SALE 280 PIN: 3251986 PARCEL #: 96108215014 OCCUPANCY: ADDRESS: 815 14 ST PROJECT: 0 SALE DATE: 04/01/94 SALE PRICE: $287,000 ADJ SALE PRICE: GRANTOR: BENSLER WM GRANTEE: TORMEY BEWLEY CORP YEAR BLT: 1972 BLDG SIZE: 8,960 CLASS: D CONSTRUCTION-QUAL: AVG WALL HEIGHT: STORIES: BSMT SIZE: LAND SIZE: LAND VALUE: 14 1 0 10,000 20,000 OFFICE GREELEY BOOK #: RECEPTION #: LAND/BLDG RATIO: IMPS PRICE/PSF: SALE PRICE/PSF: CASH DOWN: LOAN: INTEREST RATE: LOAN TERM (YRS): POINTS PAID: REMARKS: MAIN LEVEL 7,644 SF, LOWER LEVEL 1,316 SF AND PARKING BENEATH BLDG. 1435 2382302 1.12 $29.80 $32.03 $287,000 0 0.0% 0 0 COMPARABLE SALE 286 PIN: 2814986 PARCEL #: 96105322028 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: OCCUPANCY: RETAIL/OFFICE 809 9 ST 0 08/08/95 $135,100 $136,250 WITWER STOW L BOND IV, TRUST 1984 1984 4,022 C AVG 16 2 1350 2,955 11,820 GREELEY BOOK #: RECEPTION #: LAND/BLDG RATIO: IMPS PRICE/PSF: SALE PRICE/PSF: CASH DOWN: LOAN: INTEREST RATE: LOAN TERM (YRS): POINTS PAID: ADJ SALE FOR GID #1 ASSESSMENT. 1 2733 SF 68%, 2 FLR OFFICE 1289 SF 1350 SF EXTERIOR WINDOWS REPLACED HANDICAP ENTRY. GIM 7.42 NOI 4.56 1505 2450434 0.73 $30.94 $33.88 $136,250 0 0.0% 0 0 FLR RETAIL 32%, BSMT '93. 2 FLR NO CAP .1348 COMPARABLE SALE 395 96105331004 OFFICE PIN: 2823686 PARCEL #: PRIMARY OCCUPANCY: OFFICE SPACE % : 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: 913 11 AVENUE 05/01/96 $165,000 BOHLENDER, LARRY L. RICHARDSON, GUY M. 1974 3,011 C AVG 16 1 1440 7,500 20,625 GREELEY BOOK #: RECEPTION #: LAND/BLDG RATIO: IMPS PRICE/PSF SALE PRICE/PSF: CASH DOWN: LOAN: INTEREST RATE: LOAN TERM (YRS): POINTS PAID: FIRST FLOOR OFFICE 1,571 SF; SUB BASEMENT OFFICE 1,440 SF. BUILDING NEEDS INTERIOR PAINT AND NEW CARPETING. HVAC HOT WATER BASEBOARD WITH CENTRAL AIR. 1545 2488916 2.49 $47.95 $54.80 $41,250 NEW 9.0% 10 COMPARABLE SALE 266 PIN: 3057386 PARCEL #: 96107111010 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: 1116 13 STREET 0 02/28/94 $140,000 OFFICE GREELEY BOOK #: RECEPTION #: GRACEY ELIZABETH A NORTHERN COLO UNISERV UNIT 1970 LAND/BLDG RATIO: 2,554 IMPS PRICE/PSF: D SALE PRICE/PSF: AVG CASH DOWN: 10 2 880 8,995 17,990 LOAN: NEW INTEREST RATE: LOAN TERM (YRS): POINTS PAID: REMARKS: S/P WAS DETERMINED BY FEE APPRAISAL. ESTIMATE MARKET VALUE $140,000. 1430 2376808 3.52 $47.77 $54.82 $65,000 9.0% 20 0 COMPARABLE SALE 239 PIN: 2813586 PARCEL #: 96105322002 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: REMARKS: C AVG OCCUPANCY: RETAIL 825 9 ST GREELEY 0 05/15/95 $400,000 BOOK #: 1492 RECEPTION #: 2438631 GILBERT ROBERT RIO TRIO PARTNERSHIP 1957 LAND/BLDG RATIO: 1.00 14,375 IMPS PRICE/PSF: $23.83 SALE PRICE/PSF: $27.83 CASH DOWN: $50,000 16 LOAN: NEW 1 INTEREST RATE: 9.0% LOAN TERM (YRS): 10 POINTS PAID: 14375 14,375 57,500 BUYERS CONVERTING BLDG INTO RESTAURANT BLDG HAS UNIT HEAT, EVAP COOLING, FINISHED BSMT, AVG CONDITION. SELLER CARRY $350,000, 9%, 10 YRS. 0 07/30/97 Parcel : Name: Prop Address: Gross Bldg sq ft 14874 Net Bldg sq ft 12432 Tax rate Fractional rent potential gross potential gross potential gross Avg rent psf Subject rents PROFORMA INCOME WORKSHEET 0961-05-3-15-023 Winton Limited 801 8 St Greeley, Co Use Efficiency rating office 0.836 mill rate 0.10811 space location 1 flr 2flr Bsmt 1 & 2 fir rate psf 14874 Bsmt rate psf 5865 Total Gross Income Less vacancy & expense vacancy 10% expenses 40% Net income assm't rate 0.29 rent/annual $35,400.00 $47,940.00 $13.800.00 $97,140.00 $97,140.00 Annual rent psf $7.75 $2.00 4.66 Net Income/overall cap rate=Property value Cap rate + eff tax rate 0.10 Effective tax rate 0.0314 Leaseable size 7617 7257 2800 0.0314 Owner expenses: taxes, insurance, maintenance, & utilities Comparable rentals Arix bldg Greeley school Joed bldg United plaza Wilshire bldg Use office office office office office Address 800 8 st 701 11 av 901 10 av 1100 10 st 2918w10st Annual rent psf $4.65 $6.61 $4.93 5.50 Annual gross Income 115274 11730 127004 11,527 46,109 69,367 vacancy 7% 7% Property Value value per sq ft 0.131 $528,099 35.50 Bldg Year size const'd 71,498 1983 remod 48,974 1984 remod 10,178 1956 29,141 1983 5,688 1996 remod Gross Net income income per sq ft per sq ft $8.08 $5.31 $10.56 $4.01 $6.22 $3.94 $10.63 $4.93 $9.58 $6.70 July 17, 1997 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.: 096105315023 PIN No.: R2811086 WINTON LIMITED PO BOX 1518 GREELEY, CO 80632 Dear Petitioner(s): The Weld County Board of Equalization has set a date of Thursday, July 31, 1997, at or about the hour of 1:30 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. WINTON LIMITED - R2811086 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.8oard BY: arol A. Harding Deputy Clerk to the Board cc: Warren Lasell, Assessor Hello