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Home My WebLink About971342.tiffRESOLUTION RE: THE BOARD OF EQUALIZATION, 1997, WELD COUNTY, COLORADO - STIPULATE VALUE PETITION OF: STEWART ELMA M & WALTER H 2636 14TH AVE CT GREELEY, CO 80631 DESCRIPTION OF PROPERTY: PIN: R3684986 PARCEL: 096118421010 - GR 6525 L10BLK21 FARRS 5TH%2636 14TH AVE CT% 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,in lieu of the hearing scheduled before the Board of Equalization a Stipulation was agreed upon by the Assessor and said petitioner(s), and WHEREAS, the petitioner(s) and the Weld County Assessor agree that the assessment and valuation of the Weld County Assessor shall be, and hereby is, stipulated as follows: Land Improvements OR Personal Property TOTAL ACTUAL VALUE ACTUAL VALUE AS DETERMINED BY ASSESSOR $ 16,250 ACTUAL VALUE AS STIPULATED $ 16,250 76,245 71.750 $ 92.495 $ 88.000 971342 AS0038 RE: BOE - STEWART ELMA M & WALTER H Page 2 WHEREAS, said Stipulation shall resolve all issues to have been determined by the Weld County Board of Equalization. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, acting as the Board of Equalization, that the Stipulation agreed to by the Weld County Assessor and the above -named petitioner(s) be, and hereby is, accepted by the Board. 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 WELDTY, COL7O eorge E cc axter, Chair Constance L. Harbert, Pr.-Tem EXCUSED Dale K. Hall APPROVED AS TO FORM: EXCUSED 4 YA tt4ey\a/A Barbara J. Kirkmeyer W. H. Webster 971342 AS0038 1997 COUNTY BOARD OF EQUALIZATION WELD COUNTY ASSESSOR'S PIN NUMBER R 3684986 STIPULATION (As To Tax Year 1997 Actual Value) RE PETITION OF NAME: ADDRESS: STEWART ELMA M & WALTER H 2636 14th Ave Ct Greeley, CO 80631 Petitioner(s), Elma M & Walter H Stewart and the Weld County Assessor, hereby enter into this Stipulation regarding the tax year 1997 valuation of the subject property, and jointly move that the Board of Equalization to enter its order based on this Stipulation. Petitioner(s) and the Assessor agree and stipulate as follows: 1. The property subject to this Stipulation is described as: L,10 B1k21 FARRS 5th 2. The subject property is classified as property (what type). RESIDENTIAL 3. The County Assessor originally assigned the following actual value to the subject property for tax year 1997: Land $ 16,250 Improvements $ 76,245 Total $ 92,495 4. After further review and negotiation, the petitioner(s) and Weld County Assessor agree to the following tax year 1997 actual value for the subject property. Land Improvements Total $ 16,250 $ 71,750 $ 88,000 971342 Address: 2636 I�f/l „y Ci- Telephone: 35'3- 5-334 5. The valuations, as established above, shall be binding only with respect to tax year _1192_____. Brief narrative as to why the reduction was made: 7. Both parties agree that the hearing scheduled before the. Board of Equalization on Thursday, July , 7 , d at 8:3Q a.m. (time) be vacated; or, a hearing hasnot) e scheduled before the Board of Equalization yet been appropriate). (check if DATED this 15th day of ,7rrr`_ ?22L Petitioner(s) or Attorney Petitioner(s) ( ) or Attorney Address: Telephone: unty Assessor Address: 1400 North 17th Avenue Greeley, CO 80631 Telephone:(303)353-3845 ext. 3656 Aier1 Wine COLORADO NOTICE OF DENIAL GR 6525 LI0BLK21 FARRS 5TH%2636,, 14TH AVE CT% rtIt „i 7. 53 OWNER: STEWART ELMA M & WALTER H CLEF::.; L' STEWART ELMA M & WALTER H 2616 14TH AVE CT GREF.LEY, CO 80631 06/30/1997 LOG 1518 PARCEL 096118421010 ACCOUNT R3684986 YEAR 1997 OFFICE OF COUNTY ASSESSOR 2400 NORTH 17th AVE. GREELEY, CO 80631 PHONE (970)353-3845, EXT. 3650 I !:e appraisal value of property is bawd on the appropriate consideration of the approaches to value required by law. The Assessor has determined that our property should be included in the following category(ics): RESIDENTTAL 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 aluation(s) assigned to your property. The reasons for this dcfcmination 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 16250 76245 16250 76245 TOTALS $ $ 92495 $ 92495 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: IS-DPT-AR Form PR -207-87/94 WARREN,. LASILL L WELD COUNTY ASSESSOR 06/30/1997 DATE ADDITIONAL INFORMATION ON REVERSE SIDE ��,: /25(xt4c dilj) .263`Gp�/,`f' Le, At, join O2) /997 tn. , t — A cnue 15, A. Pseaedl . t 24477. - aoot, La, "Att.4 lD7" ,ttows et d ! Cct co c 24 G 0n.ae2 .eemwncca- e-, apt aie n4; , Appeal sent by letter on June 2, 1997 Appeal of the 1997 Increased Valuation assigned to our property: GR 6525 — L10 B1K21 Farr 5th Addition F.lma M. and Walter H. Stewart at 2636 14th Ave. Ct., Greeley This appeal is documented in these ways: • The assessment of 1997 is 24.7% higher than that for 1996 -- $92,495 assessment for 1997 - 73,939 assessment for 1996 $18,556, which is an increase of 24.7% • The assessment of 9.74%, which is assessor's percentage $8,975.42 = 9.74% of the 1997 assessed value - 7,341.66 = 9.74% of the 1996 assessed value $1,633.76, which is an increase of 22% • Evaluation of this property during the past decade has been increased by $48,688. This is 212% of the assessed valuation •f a decade ago. (See the accompanying sheet which cites the details.) • Comparing the assessed valuation with the improvements on the property and the house depreciation shows an unwarranted increase in assessment. Upkeep and improvements during the past decade = $3,447.56. Depreciation of the house @ 1% per year = 4,380.70. (based on the 1987 $43,807 valuation) So depreciation actually decreases actual value by $ 933.14 over these years. • Inflation does not justify the difference in actual value the assessed valuation projected for 1997. Inflation yearly during the past decade (@2%/year) (based on the 1987 assessed valuation) Inflation minus depreciation for the decade So inflation should increase the value over the 1987-96 decade by • Taking into account the depreciation, improvements and inflation, the difference in assessment actually would amount only to Consequently, the 1997 assessment is $92,495 - 51,635 24.7% or 22% is not warranted. of the house and $8,761.40 933.14 - $7,828.26 _ $43,807 + 7,828.26 $51,635 $40,860 too high -- much, much too high. Assessed valuations projected for 1997 are not appropriate. The lower -end houses/lots (valued $50,000 to $100,000) have been assessed to a higher degree than the higher -priced properties. (This is a quote from the county assessor -- Greeley Tribune, June 9, 1997, p. 1.) Assessed value in Weld County is expected to increase by up to 10% in 1997. (A Greeley Tribune column by Assessor Lasell, June 8,'1997.) So then awn Why is there a need to increase valuation in our case by 24.7%? Why, with more new housing on the tax roles in 1997, is there need for any increase in assessment at all beyond the 1.5% inflation rate for 1997? Documentation by related statistics brought out in Spring and Summer, 1997: ®Inflation is down, (for 1976), "its lowest in a decade," at about 1.5% for the year. (C.B.S. News, 6 p.m. newscast of June 17, 1997) cd The U.S. Government is facing an economic crisis in Fall, 1997 because it has overspent; there is a need for less taxes. (Denver Post, A.P. story by David Espo, June 7, 1997) .---).- 4RThe U.S. economy is decelerating with personal income rising just 0.1% in April, 1997. Also, there is a weakness in commercial and govern- ment building. This is a threat to government taxing and spending. (Greeley Tribune, A.P. story, June 2, 1997) O Weld County retail sales are down by 1.7% in 1997's first quarter. This has come despite continued population growth and home-building. (Greeley Tribune, June 16, 1997, p. 1) O The vacancy rate for apartments in Greeley is at 7%. So, why more apartment building? (Greeley Tribune, June 4, 1997, p. 1) @ There's a slowdown in consumer spending -- for car sales as well as for some other products. (Greeley Tribune, A.P. story, June 3, 1997) S Pawn shops are proliferating, with their number in Colorado up by 30% during the past 5 years. The lower- and mid -income people are needing to resort to extreme measures in some cases. (Fort Morgan Times, A.P. story, June 5, 1997, p. 1) 6i The majority in congress have vowed to "oppose any effort to take money away from the taxpaying public." (Denver Post, June 10, 1997) Inflation has declined since 1990, as indicated both by the Consumer Price Index and the CORE Index. ("U.S. Inflation Developments in 1995," Economic Review magazine, 1996) CORE Price Index Consumer Price Index 1990 1941 1492 1993 I.; Q Business failures are up 50% in Colorado in 1996 -- the biggest loss of any state in the Union -- at a time when Colorado supposedly is doing all right economically. (Rocky Mountain News, June 11, 1997) $ Bankruptcies are more in January -March, 1997 than any 3 months in U.S. history. A rise of 26% in 1997 over 1996, up 29% of 1996 over -1995. ®The U.S. economy is in a slowdown as a resoult of the machinations of Wall Street stocks by the brokers and "players." (C.B.S. News, June 12, 1997) c1 The dollar level, compared with the Japanese yen and the German mark, is down. It is no longer the "roaring" economy when we have a 12% drop of dollar value in the past 5 weeks against the yen. (Wall Street Journal, June 10, 1997) ® Used -car prices are down in the U.S. by 2% during the past 12 months. (New York Times, May 31, 1997) O Leading U.S. economic indicators fell by 1/10 of 1% during the past 15 months, They have gone down 3 consecutive months, March, April and May, 1997. These indicators include the manufacturing workweek, average unemploy- ment claims, new orders for consumer goods, vendor performance, new orders for non-military capital goods, index of stock prices, the money supply, the spread between Treasury bonds and Federal funds, the index of consumer hopes, and the new building permits. (New York Times, June 4, 1997, p. D2) ©There has not been one story about a rise in property taxes anywhere in the news media listened to or read during May and June (up to June 18), 1997, NOT ONE! except for that of the Weld County assessor. Change in Valuation Upkeep and Improve- House and Lot Evaluation from Previous Year ments per Year Depreciation Taxes Paid (Cost of house, lot in 1968 = $18,500 1987 $43,807 1988 1989 1990$49,636 1991 $50,160 + 14.5% over 1987 1992 $50,160 1993 $57.055 + 13.5% over 1991 median valuation for 35 properties in Farr's 5th Addition for 1993 was $53,000) 1994 $57,055 1995 Remodeling upstairs bedroom, $1,265 (Allowed at 1% per year) Insulating water - heater, $41.25 Finishing basement walls & ceiling, $237.89 Completing bsmt. darkroom, storage ceiling, $73.60 Painting brick - house trim, repair wooden railing, $667.66 Replacing 2 water - heater units, in- stalling glow switches, painting, $241.00 Misc. repairs (thermo- stat, garage door, window -well covers, water -heater, $189.23 Garden water -meter, sliding door, outside water spigot, $224.25 Roto-rooting sewer pipe, install mirror, $70 1996 $73,939 + 29.6% over 1994 Replace water -heater, washers in bathroom, $437.68 1997 $92,495 projected + 25.1% over 1996 10 -year total, $3,447.56 for ave./year of $345 (This does not include 7 trees planted.) $711.50 $660.06 $639.38 $646.06 $656.66 $649.64 $670.90 $733.72 July 9, 1997 STEWART ELMA M & WALTER H 2636 14TH AVE CT GREELEY, CO 80631 Dear Petitioner(s): 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.: 096118421010 PIN No.: R3684986 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. STEWART ELMA M & WALTER H - R3684986 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 Board BY: at,itz Carol A. Harding Deputy Clerk to the Board cc: Warren Lasell, Assessor Hello