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Home My WebLink About951510.tiffRESOLUTION RE: THE BOARD OF EQUALIZATION, 1995, WELD COUNTY, COLORADO PETITION OF: THOMAS LLOYD E & MARJORIE J 7900 WCR 120 CARR, CO 80612 DESCRIPTION OF PROPERTY: PIN: R 0069086 PARCEL: 020126000001 - 24248 W2 26 11 67 (2R) WHEREAS, the Board of County Commissioners of Weld County, Colorado, organized 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 1995, 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 1995, claiming that the property described in such petition was assessed too high, as more specifically stated in said petition, and WHEREAS, said petitioner being present, 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 Board of Equalization, that the evidence presented at the hearing clearly supported the value placed upon the Petitioner's property 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: 951510 AS0032 pC As, 7,,,,\Oc RE: BOE - THOMAS LLOYD E & MARJORIE J Page 2 ORIGINAL Land $ 249,060 Improvements OR Personal Property TOTAL ACTUAL VALUE $ 249,060 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: 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) 951510 AS0032 RE: BOE - THOMAS LLOYD E & MARJORIE J Page 3 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. 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 27th day of July, A.D., 1995. BOARD OF COUNTY COMMISSIONERS ELD COUNTY, CO.ORADO ATTEST: Weld County Clerkrtothe Board :)r i BY DeputyT ier APPROVED AS1 1 0 Dale K. Hall, Chairman arbara J. KirkmeyerPro-Te FXCI ISFn George E. Baxter FxCIISFn Constance L. Harbert 2 i v )z4) W. H. Webster 951510 AS0032 TAPE/ BOE DECISION SHEET PIN #: R 0069086 PARCEL #: 020126000001 THOMAS LLOYD E & MARJORIE J 7900 WCR 120 CARR, CO 80612 HEARING DATE: July 27, 1995 TIME: 10:45 A.M. HEARING ATTENDED? 4:9N) AGENT NAME: APPRAISER NAME A-4,6--(5--, DECISION: DECREASE IN VALUATION INCREASE IN VALUATION NO CHANGE IN VALUATION ASSESSMENT RATIO NAME, K r ffd 77,-fr ,>n j , _2f'i-a.o-cep ACTUAL VALUATION ORIGINAL SET BY BOARD Land S 949,060 $ /j r60 Improvements OR Personal Property Total Actual Value $ 249.060 $ ��19rGo COMMENTS: MOTION BY 1j n) TO SECONDED BY -5 7� Baxter - Hall - Failed to prove appropriate value Harbert - No comparables given Kirkmeyer - _ Other: Webster - N) RESOLUTION NO._ ;31510 Wi�Yc COLORADO July 10, 1995 THOMAS LLOYD E & MARJORIE J 7900 WCR 120 CARR, CO 80612 CLERK TO THE BOARD PHONE (303) 356-4000 EXT.4218 FAX: (303) 352-0242 915 10TH STREET P.O. BOX 758 GREELEY, COLORADO 80632 Parcel No.: 020126000001 PIN No.: R 0069086 Dear Petitioner(s): The Weld County Board of Equalization has set a date of Thursday, July 27, 1995, at or about the hour of 10:45 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. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor will be present before the Board. The Board will make their decision on the basis of the record made at the aforementioned 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 10, 1995, and mailed to you on or before August 16, 1995. Because of the volume of cases before the Board of Equalization, all cases shall be limited to 15 minutes. 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. 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. THOMAS LLOYD E & MARJORIE J - R 0069086 Page 2 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: vrn,lea ( f A2,W* Kimb rlee A. Schuett, Deputy cc: Warren Lasell, Assessor NOTICE OF DENIAL 1400 NORTH 17th AV E. GREELEY, COLORADO 80631 PHONE (970) 353-3845, EXT. 3656 COLORADO THOMAS LLOYD E E MARJORIE J TRUSTEES 7400 .IC4 120 CARR CO 80612 24248 W2 26 11 67 (2R) OWNER THOMAS LLOYD E fe MARJORIE J TRUSTEES PARCEL 020126000001 PIN R 0069086 YEAR LOG 1995 00476 05/03/1995 The appraised 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) RESIDENTIAL PROPERTY IS VALUED BY CONSIDERING THE MARKET APPROACH. AGRICULTURAL LAND VALUE IS DETERMINED SOLELY BY THE EARNING OR PRODUCTIVE CAPACITY OF THE LAND. CAPITALIZED AT A RATE SET BY LAW. ALL OTHER PROPERTY. INCLUDING VACANT LAND. 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 deter- mined the valuation(s) assigned to your property. The reasons for this determination of value are: NO CHANGE HAS BEEN MADE TO THE VALUATION OF THIS PROPERTY, COLORADO LAW REQUIRES US TO SEND THIS NCT ICE 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 ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW LAND I MPS TOTALS $ If you disagree with e AsseO the back Assessor's decision, you f this for have the eright detailed e to tthe oun Mingyour appeal.y Board of Equalization for further consideration, 39.8-106(0(a),h S 05103195 WARREN L. LASELL DA5E By: WELD COUNTY ASSESSOR rn 15 -OPT ARADDITI0NAL INFORMATION ON REVERSE SIDE S Farm PR -2R-20]-87/94 f C- 249,060 249,060 $ 249,060$ 249,060 HAVE THL Porto t NC1TINCAAH0N OF HEARING: Ari1n t'r;t Ie tT t.t 2.,d.?; ..t Sap .ahr7 FURTHER fit'! 5. kT. venue: ant? nth Can vv. Me :9 Pr; 3!.. it you do not reserve a determsnahhon hoin the t..•.. Assessment Appeals by September mber 18. TO PRESERVE i0itt! APFEAt Hu,_„ THEREFORE, WE RECOMMeND ALL CC PET M O N rinr,: `f Upee-o-e/2/0- -z.±, ,:jr itt 95 fx 4 IC avm-eAg S° 1 geneAdiv 74.44 -7/ -- ea �tY „f‘e...--Avi— --fr 1, /fg /O�`� 5 #A ake` 7 /fe (37 A-d-e- O O io / o e9oe I G' >70' WELD COUNTY ASSESSOR 1400 N 17th AVENUE GREELEY, COLORADO 80631 Hearing Date: 7/27/95 1995 Gravel Valuation SUBJECT PROPERTY: THOMAS LLOYD E & MARJORIE J TRUSTEE W2 26-11-67 Parcel Number: 0201-26-0-00-001 IL1?Falls Ft95ASSESSOR5 1400 N 17TH AVE CREEL :Y CO 80631 viELD OFFICE State of Colorado EARTH OR STONE PRODUCTS REAL AND PERSONAL PROPERTY DECLARATION SCHEDULE CONFIDENTIAL DATA RETURN TO COUNTY ASSESSOR SCHEDULE NUMBER B . CODE T.A CODE 29000 0915 0069086 1995 Assessment Date Due Date January 1 April 15 DO NOT USE - FOR ASSESSOR ONLY A. NAME AND ADDRESS (INDICATE ANY CHANGES / CORRECTIONS) ANDESI'TE ROCK COMPANY P 0 bOX 5829 SIOUX FALLS, SD 54117-5829 Code 5120 LOCATION OF PROPERTIES (INDICATE ANY CHANGES OR ADDITIONS) 24248 PT W2 26-11-67 CARR PIT 5220 5420 Description Acres Tons Actual Value Cane air Se P,oe,a. REC WED APR 1 4 1995 Improvements $ Eeuq Fern& WELD COU TY ASStSSOR Greet At .tUfdg0 29 $ Assessed 29 $ 29 $ RECEIVED APPROVED COMPLETED . h� y;"�- ABSTRACT CHGS. YES ❑ NCeO_ FILING PENALTY APPLIED B. Business Start -Up Date 1990 Product or Service Type Aggregate PrndI1ct Lon BUSINESS STATUS (Please Check the Appropriate Box) ❑ NEW BUSINESS OR ❑ NEW OWNER(S) Li If this IS your first rerun'. you MUST furnish a complete itemized listing. Check him if this is )our first return. Name and Address of Previous Owners C. PRODUCTION 195 , 048 •UNITS OR SALEABLE f,AATERIAL EXTRACTED DURING THE PRECEDING CALENDAR YEAR. TONS _CUBIC YARDS PRODUCT MINED TONS OR CUBIC yAR. -CTED PERCENT OF TOTAL PRODUC •N ROYALTY PRICFJUNIT v. Sand 67 324 35% 3 Gravel 127 724 65% - '-I >� l D. LEASE AND PERMIT INFORMATION (Attach a copy of the lease.) NAME OF LESSOR June H. Lehr & Lloyd & Marjorie Thomas LENGTH OF LEASE 10 years LEASE OPTIONS Guinn to renew fnr torn - five year term - E. LAND INFORMATION I PERMITTED ACRES 1580 AFFECTED ACRES DATE OF LEASE 10/25/90 MINED LAND RECLAMATION BOARD FILE NUMBER 1580 ' AVERAGE DEPTH OF SEAM ESTIMATED LIFE OF DEPOSIT unknown unknown YEARS F. LISTING OF REAL PROPERTY IMPROVEMENTS (Attach a separate sheet(s) it necessary) I List below the buildings, fixtures and leasehold improvements constructed or installed the previous year. Include the property description and location. installation ' date, your installed cost, and any additions since original installation. Buildings, Fixtures and Leasehold Improvements Descrpton and Location Date of Installation Installed Cost Additions since Original Installation RETURN ** FOR AN -A('C t lt:A'l'E ASSESSMENT, WE MUST RAVE A ('OMI t.EI'E LISTING OF PERSONAL PROPERTY** G. LISTING OF PERSONAL PROPERTY NOTE 7 hr I ntncrtt Bata Below Alug include' vI.1. Fully Deareciated A.>ct, Still in t'se. List Personal Property acquired during the previous year. (Attach separate sheet(s) if necessary.) Check here if there are no additions Description Model or Capacity Personal property is listed on the busiress personal proper y declarati n schedule Year Mtg. Date Acquired Check One For Each item: L New H Used ❑ New H i Used New I_.I Used Your Installed Cost Estimate Physical Condition G=Good A=Average Pinar_ List all personal property sold, traded, or discarded during previous year. Attach separate sheet(s) it needed ❑ New ❑ Used IA New Li Used (3) List ALL Mobile Equipment, ucenseu Di urtucetueu. vettasi. ocpa...... -,••--n-r - --- Item l p, No. Description - - ... .. .. • ' Model . Number _. .. Year Mfg. Date Acquired Check One For Each Item: Your Installed Cost Li New in Used (.i New ❑ Used — List ALL Leasehold Improvements. (Attach separate sneeus( a rieeueul. (4) Description Year Acquired Installed Cost H. Cost of other fully depredated assets still in use. $ DEPRECIATION SCHEDULE Anach a copy of your latest detailed Depreciation Schedule from your financial records. If you provide Form 4562 or 4562-A, you MUST provide an itemized list of all property with description of each item, date in service, and cost. A similar detailed list must be provided for any property which you have expensed, and listed in Section A of Form 4562 or 4562-A. I. LEASED, LOANED, OR RENTED PROPERTY (Furniture, Signs, Etc.) Declare Property Owned by Others He(? Check here if y I u possessed any lease t , loaned, t r rente • machinery, e t ui t maul, furniture, signs, ran t ing machines I n January 1st If )es, list below, showing property description and owner's name and address. (Attach separate sheet(s) if needed I. ------ Year Purchase Price Term Total Annual Name and Address of Owner / Lessor Description Model / Serial No. Mtg. New From ' To Rent Check here if purchase or maintenance options are included in total annual rent above. If so, give details below. J. DECLARATION THIS RETURN IS SUBJECT TO AUDIT 'i declare. under penalty of pequry in the second degree, that this schedule. together with any accompanying statements, has been examined by me and toor under me best to f my knowledge, information. and bell el. sets forth a full and complete list of all taxable personal property owned by me or in my possession, my located in this county in Colorado on the assessment date of this year that such property has been reasonably described and its value fairly represented', and that no attempt has been made to mislead the assessor as to its age. quality. quantity, or value.' 39-5-107(2). G.R.S. 7 SIGNATURE OF OWNER OR AGENT NAME OF OWNER PRINT NAME OF PERSON SIGNING Andesite Rock IS_J_ .Schmidt DATE 4/7/95 PHONE NUMBER 605-334-5000 PLEASE COMPLETE, SIGN AND RETURN TO THE ASSESSOR ON OR BEFORE APRIL 15 otico<o\ col Roy Romer Governor TO: FROM: SUBJECT: DATE: DISTRIBUTION: Colorado Department of Local Affairs DIVISION OF PROPERTY TAXATION Mary E. Huddleston Property Tax Administrator All County Assessors Mary E. Huddleston l Property Tax AdminiSt for 1995 Natural Resource Rates, Prices, and Factors December 15, 1994 Circulate to Natural Resource Appraisal Staff File in ARL Volume 3, Section VI MEMORANDUM Enclosed are the following addenda listing 1995 natural resource rates, prices, and Factors. ADDENDUM A ADDENDUM B ADDENDUM C These rates, prices, and factors have been developed eddby the yathe/DDivision of product PropertyTaxation for use by all assessors in valuing coal operations for the 1995 assessment year. Addendum C consists of a worksheet from which Hskoldafactors ors canlbeean be developed. All Hoskold factors must be developed by each county effective tax rate that applies to each respective producing coal and earth/stone operation under appraisal. Specific steps involved in development of the appropriate Hoskold factor can be found in ARL Volume 3, Section VI, Development of Hoskold Factors of the Land Valuation Manual. This document has been recommended for approval by the Statutory Advisory Committee and has been submitted to the State Board of Equalization (State Board) for their approval. Although we do not anticipate any changes, we will adno vise you by bulletin memorandum if any changes are made by the State Board. IfSnote changes are made, only a memorandum confirming final action taken by the Board will be mailed. If you have any questions, please contact the Division at 866-2371. MH:BH:vlh F\DATA\SUG\ARL3\3-6COV95.DOC - 1995 SAND AND GRAVEL ECONOMIC ROYALTY RATES - E 1995 RATES RESSOURCEES LEASR USE SEHOLDSIN ANDHVALUATION LANDS - 1995 HOSKOLD FACTOR WORKSHEET awes I ^ 0 �N/ 1313 Sherman Street, Room 419, Denver, CO 80203, (303) 866-2371 TDD (303) 866-5300 FAX (303) 866-4000 District #1 RpC.n 1995 SAND AND GRAVEL ECONOMIC ROYALTY RAT55/ily aR4p 340 Counties: Adams Arapahoe Boulder Clear Creek District #2 - $.27 per ton Counties: Kit Carson Logan Morgan District #3 - $.28 per ton Counties: Baca Bent Cheyenne Crowley District #4 - $.42 per ton Counties: Alamosa Archuleta Conejos Costilla District #5 - $.32 per ton Counties: Chaffee Delta Eagle Garfield Grand Gunnison Denver Douglas El Paso Elbert Phillips Sedgwick Washington Custer Fremont Huerfano Kiowa Dolores La Plata Mineral Montezuma Hinsdale Jackson Lake Mesa Moffat Montrose Addendum VI -A Gilpin Jefferson Larimer Yuma Las Animas Lincoln Otero Prowers Pueblo Ouray Rio Grande Saguache San Juan San Miguel Park Pitkin Rio Blanco Routt Summit Teller Statewide royalty rate for borrow - $.29 per cu. yard tons X .74 = cubic yards To convert tons to cubic yards: cubic yards .74 = tons To convert cubic yards to tons: 15-DPT-AS PUB ARL VOL 3 1-89 Revised 1-95 Addendum VI -B 1995 RATES AND PRICES FOR USE IN THE VALUATION OF COAL AND OTHER NATURAL RESOURCE LEASEHOLDS AND LANDS COAL b00 Royalty Rates - 6% of market price - 9%o of market price surrfaceo(sttrip) 0 /1� Discount Rate - 11.24%* 149.�' Market Prices Steam Coal BTU's Price/ton less than 9,481 9,481 - 9,909 9,910 - 10,340 10,341 - 10,780 10,781 - 11,210 11,211 - 11,640 11,641 - 12,070 12,071 - 12,500 12,501 - 12,930 12,931 - 13,360 13,361 - 13,790 13,791 - 14,220 more than 14,220 $11.00/ton $11.50/ton $12.00/ton $12.50/ton $13.00/ton $13.50/ton $14.00/ton $14.50/ton $15.00/ton $15.50/ton $16.00/ton $16.50/ton $17.00/ton A deduction of $3.00 per ton from the above listed prices should be made if the coal operation prepares the raw coal produced to achieve a saleable product. If this deduction is taken, the assessor must use raw production tonnage as reported by the mine owner or operator. OTHER NATURAL RESOURCE OPERATIONS Discount Rate - 11.24%* f the *This discount rate is listed to provide the appraiserlwwith thsone dofather. three components needed to locally develop an app lPlease refer to Development of Hoskold Factors located in this section for specific instructions on development of the Hoskold factor. 15-DPT-AS PUB ARL VOL 3 1-89 Revised 1-95 Addendum VI -C Discount Rate = 11.24% Sinking Fund Factors @ 7.2% 1995 HOSKOLD FACTORS WORKSHEET ROUGH DRAB ECONOMIC SINKING LIFE IN DISCOUNT FUND EFFECTIVE HOSKOLD YEARS RATE + FACTOR + TAX RATE = CAP RATE FACTOR 1 0.1124 1.000000 2 0.1124 0.482625 3 0.1124 0.310445 4 0.1124 0.224562 5 0.1124 0.173198 6 0.1124 0.139093 7 0.1124 0.114849 8 0.1124 0.096768 9 0.1124 0.082795 10 0.1124 0.071697 11 12 13 14 15 0.1124 0.1124 0.1124 0.1124 0.1124 0.062688 0.055247 0.049011 0.043720 0.039186 16 0.1124 0.035265 17 0.1124 0.031848 18 0.1124 0.028852 19 0.1124 0.026209 20 0.1124 0.023865 21 0.1124 0.021778 22 0.1124 0.019910 23 0.1124 0.018234 24 0.1124 0.016725 25 0.1124 0.015362 26 0.1124 0.014128 27 0.1124 0.013008 28 0.1124 0.011989 29 0.1124 0.011060 30 0.1124 0.010211 15-DPT-AS PUB ARL VOL 3 1-89 Revised 1-95 Earth and Stone Product Operations Valuation 0069086 Account Number Assessment Year 7 g 99 Name of Pit: CARR PIT Name of Landowner: THOMAS LLOYD E & MARJORTE J Name of Operator: ANDESITE ROCK COMPANY Pit Legal Description: W2 26-11-67 Permitted Acres: 185 Commodity Extracted: 195,048 Economic Pit Life 5 years Past Years Production: 241, 194 tons/cu.yds year 1994 Mill levy of Tax District where Pit is Located: 76.564 EFFECTIVE TAX RATE CALCULATION 76.564 Mill Levy -:- 1000 . 076564 Decimal Equivalant of Mill Levy X .29 = .O 2 2 2 0 3 5 Effective Tax Rate HOSKOLD FACTOR CALCULATION . 1124 Nat Res Discount Rate + .173198 Sinking Fund Factor 5 yrs + .02220356 Effective Tax Rate _ . 30780156 Capitalization Rate 1 .:; . 30780156Capitalization Rate = 3.248846 Hoskold Factor 195,048 X .39 = 76,068.72 X 3.248846 Past Years Production Royalty Rate Economic Landlord Income Hoskold Factor = 247,135.55 Actual Value X .29 71,670 Assessed Value Hello