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Home My WebLink About972134.tiff Ft. III UN I V J I h\I L. liVNrsu V NJJ CJJIVl CIN 1 Nr s-CNLJ For Office Use Date: September 2, 1997 521-64-0807 Social Security or Tax ID Number of Petitioner Docket Number PETITIONER, John D. Wheeler and Susan A. Wheeler V N FEE Name of Property Owner 1115 — 48th Avenue, Greeley, Colorado 80634 Street Address,City,Zip Code of Subject Property Cheek Number appeals the decision of the Weld X County Board of Equalization P F H County Name County Board of Commissioners _ Property Tax Administrator (check one) which was dated August 5 , 1997 This appeal concerns: X Valuation For tax year(s) 1997 _ Refund/Abatement _ Exemption • State Assessed (Check One) • Parcel # 095910103026 I`- , - CONCERNING COUNTY SCHEDULE NUMBER(S): Acct # R1992986 If more than one schedule number Ls involved, please list on a Seloaarate page. TYPE OF PROPERTY: This property is currently classified by the County as: - _ Commercial X Residential (Check One) _ Agricultural _ Vacant Land _ Personal _ Other (Specify) ACTUAL VALUE: Actual value of subject property for year in question as set by the County $279,936 I believe the actual value of the subject property should be $240,000 • REPRESENTATION: Please check appropriate response(s) Petitioner will be present at the hearing X Petitioner requests a telephone conference call _ (Petitioner will call on scheduled date at time of hearing.) Petitioner will be represented by an agent _ or a Colorado Attorney _ ESTIMATED TIME FOR PETITIONER TO PRESENT THE APPEAL: 30 Minutes or Hours Not less than 30 minutes. Board will allow equal time to Respondent. ATTACHMENTS: The following documents MUST BE ATTACHED to your appeal in order for the Board to accept filing. 1) The decision being appealed 2) Assessor's Notice of Denial OR Notice of Valuation 3) If an agent is filing or representing you a notarized letter of authorization will be needed from the Petitioner 4) Identify the names and last known addresses and telephone numbers of other parties "directly interested" in the petition including co-owners. CERTIFICATE OF MAILING _ Copy to each person identified in attachment 4 above I certify to the Board of Assessment Appeals that I have mailed or hand delivered X County Board of Equalization one complete copy of this appeal to the Weld _ County Board of Commissioners County _ Property Tax Administrator in Greeley , Colorado on September 2 , 1997 . (check one -should be the same as the City Date decision being appealed) (Circle One) Agent or Attorney Petitioner's Signature 1115 - 48th Avenue Mailing Address Mailing Address Greeley, Colorado 80634 City, State, Zip City, State, Zip Telephone: Telephone: (970) 352-5860 au- rye Daytime number jJO.�ln /AZ 9k* 972134 NOTICE OF ADJUSTMENT GR 1HT40-A N134' L40 1ST ADD HILL • OFFICE OF COUNTY ASSESSOR TOP SUB & PT E2NE4 10 5 66 BEG NW 1400 NORTH nth AVE. COR L40 1ST ADD HILLTOP SUB GREE845, XT.3650 W60.87' S15D54'E 137.69' S02010'E PHONE(970)353.3845,EXT.3650 1.56' E23.07' TO W LN L40 N134' TO POB 11115 48 AVE% • W I`D e OWNER: WHEELER JOHN D & SUSAN A COLORADO • WHEELER JOHN D & SUSAN A LOG 3087 1115 48 AVE PARCEL 095910103026 ACCOUNT R1992986 GREELEY, CO 80634 YEAR 1997 .07/07/1997 • appraisal:aluc of property is based on the apptopi late considetatiun of the apptoachts to value required by law. The Assessor has deternined that R$9BDVNIfI i1t41 SQNdmidshiruldsdad,¢ttet fBUoodog¢atsga1 %ie4{E MARKET APPROACH. AGRICULTURAL LAND VALUE IS DETERMINED SOLEY 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 determined the DU,S112832018(gla3tKipmttoproonzgawyydrimaectsanzEfoothinlrfcaninKtinatvahs8112EN DELAYED AND POSTMARKED LATER THAN JUNE 30TH. IF YOU WISH TO APPEAL YOUR VALUATION FURTHER PLEASE FORWARD A COPY OF YOUR NOTICE SHOWING THIS MESSAGE ALONG WITH YOUR DESIRE TO GO TO THE COUNTY BOARD OF EQUALIZATION. THIS WILL ALLOW YOU AN EXTENSION THROUGH MIDNIGHT JULY 21ST. BASED ON A STUDY OF COMPARABLE PROPERTIES THAT SOLD FROM 1/1/95 TO 6/30/96 WE HAVE ADJUSTED YOUR PROPERTY TO THE 1997 LEVEL OF VALUE AS SHOWN BELOW. • PETITIONER'S ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ESTIMATE OF VALUE ACTUAL VALUE ACTUAL VALUE PRIOR TO REVIEW AFTER REVIEW LAND 77156 77156 IMPS 225978 218853 1^111^ 290009 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(I)(a),C.R.S. Please see the back of this form for detailed information on filing your appeal, By: WARREN L. LASELL WELD COUNTY ASSESSOR DATE IS-DPT-AR Form PR-207-87/94 ADDITIONAL INFORMATION ON REVERSE SIDE YOU HAVE THE RIGHT TO APPEAL THE ASSESSOR'S DECISION .ie County Board of Equalization will sit to hear appeals beginning July 1 and continuing through August 5 for real ,iroperty(land and buildings) and personal property (furnishings, machinery, and equipment) 39-8-104 and 39-8- 1,07(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 BEARING: You will be notified of the time and place set for the hearing of your appeal. rot iNTv Rt7ART) OF EOTJALTZ.ATTON'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. go Mc.5 rA.) V) 1 Ae O ( S QS(5 Vpo� CorvvD1AA(3/6 S ayu-T/ NG l�lc, jv�mc�ra, e 4c A 2vq d- Sr nC* S c��c>AJ E:vv IUti1G /3,Gra I O./Ieu 1-�I'-e. U4lu of TMc Sur3sc>cZ pt`u t*`-t To Qc colt/O,ocr> 1,/ / 8/9 7 SIUNA I UKE Uh PE I I I IUNEK DA I E. NOTICE OF VALUATION REAL PROPERTY This Is Not a Tax Bill LEGAL DESCRIPTION: Warren re ren L.ld La Assessor GR' 1HT40-A.N134' ' L40 1ST ADD HILL TOP S 1400 N. 17th Avenue UB & PT- E2NE4" 10 5 66 BEG NW COR L40. 1ST Greeley, CO 80631 ADD HILLTOP SUB W60.87' S15D54'E 137.69 S02D1O'E .1.56' E23.07' TOW LN L40 N13 Date: 05/22/97 HEARING DATES: MAY 22 - JUNE 20 1997 LOCATION: 1400 N 17th Avenue .;<***** .*r<,tt�::****::>::.d=***AUTO 5 DIGIT 80634 OFFICE HOURS: 8:30 4:00 TELEPHONE NO: (970) 353-3845 x-3650 WHEELER JOHN D & -SUSAN A FAX NO: (970) 351-0978 1115 48 AVE GREELEY, CO 80634-2304 I I..LI I.:..I L..J 11..L.I.L.I L I I.,..I.;I...II J.I..I:.I I'• TAX YEAR: 1997 TAX AREA: 0600 PARCEL NO: 095910103026 ACCOUNT NO: R1992986 PROPERTY LAS IFICATION ACTUAL VALUEVALUE CURRENT VALUE DECREASE RESIDENTIAL 238184 303134 64950 TOTAL 238184 303134 64950 Parcel# 095910103026 Account# R1992986 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: Weld County Assessor Address: 1400 N. 17th Avenue Greeley, CO 80631 Phone: 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 is assessed at 29% of actual value (39-1-104(1) and (1.5)(a), C.R.S.). A change in the projected residential assessment percentage is not grounds for appealing property values or abatement(39-5- 121(1), C.R.S.) Assessed value f for oil & gas production is 87.5% primary and 75% secondary. Appraisal data used to establish value were gathered from the 18 month period ending June 30 1996. If data from that period were insufficient, data from the five year period ending June 30 1996 were used. Your property was valued as of January 1 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 be based on that value. DOCUMENTATION - REASON FOR REQUESTING A REVIEW: YOUR REAL ROPE TTHE VALUE OR ITS CLASS FICATION, APPEAL PROCEDURES REAL PROPERTY APPEAL PROCEDURES APPEAL BY MAIL: If you choose to mail a written appeal, you may elect to complete the appeal portion of this form, detach it, and mail or FAX it to the Assessor at the address listed on this Notice of Valuation. To preserve your right to appeal, your mailed appeal must be postmarked no later than May 27. APPEAL IN PERSON: If you choose to present oral or written objections to the Assessor in person, you may elect to complete the appeal form at the bottom of this page and deliver it to the Assessor at the address listed on this Notice of Valuation. Appeal in person between May 1 and June 2. ASSESSOR'S DETERMINATION: The Assessor must make a decision on your appeal and mail a Notice of Determination to you by the last regular working day in June. APPEALING THE ASSESSOR'S DECISION: If you are not satisfied with the Assessor's determination, or if you do not receive a Notice of Determination from the Assessor, you must file a written appeal with the County Board of Equalization on or before July 15. REAL PROPERTY APPEAL FORM YOU MAY ELECT TO COMPLETE THE FORM WHICH FOLLOWS TO APPEAL YOUR PROPERTY VALUATION OR CLASSIFICATION. REAL PROPERTY VALUATION APPEALS: If you disagree with the "current year actual value"or the classification determined for your property, you may appeal by mail or in person with the County Assessor. Please refer to the Appeal Procedures for the deadline dates for filing appeals. Completing the Real Property Questionnaire which follows will help you determine an estimate of value for your property. Which can be compared to the value determined by the Assessor. Colorado law requires consideration of the market approach to value for residential properties includes apartments) and the cost, market, and income approaches to value for vacant land, commercial, and industrial properties. REAL PROPERTY QUESTIONNAIRE ATTACH ADDITIONAL DOCUMENTS AS NECESSARY MARKET APPROACH: This approach to value uses sales from the appropriate time period to determine the actual value of your property. The following items, if known, will help you estimate the market value of your property. If available, attach a copy of any appraisal or written estimate of value. Have similar properties in your immediate neighborhood sold? DATE SOLD PROPERTY ADDRESS SELLING PRICE d to 22 S"- /f?is w, //rH S7- 3 3� Soc� Poe? 4kn.' Ayc- also ooG 7sae. LC) 2S t / 7��' ST /3� oocD 6C L1ote: The Cost and Income Approaches are used on Commercial and Industrial properties only. COST APPROACH: This approach uses replacement cost new, less depreciation and is best when the structures are new or less than-5-yrs old. If the structure is less than 5 yrs old pleaseanswer the following: Type of Structure Cost to construct new I lave changes been made since construction. Please describe them. Type of change Cost Type of change Cost Type of change Cost INCOME APPROACH: This approach uses net income from operation of a property which was rented or leased the previous year and converts the net income into actual market value. Please attach operating statements showing income and expenses related to operation of the buildings only, These statements should reflect the past 3years of operation if possible. Also show rents of comparable properties.if you have that information available. It you have an appraisal showing the income approach which was done in the past 2 years, please attach also. Based upon the information shown above please give your estimate of the true market value of your property as of Rune 30, 1996 $ June 13, 1997 TO: Weld County Assessor' s Office FROM: Dan Wheeler, Wheeler Management Group, Inc. RE: Notice of Valuation 1115 48th Avenue Greeley, Colorado 80634 Square Footage $/SF Comp #1 2, 586 $91 .45/SF Comp #2 3, 171 $75 . 00/SF Comp #3 2, 208 $60 . 00/SF Subject 2,219 $109 .00/SF Conclusion: There have been no (0) sales to justify any increase to value in this neighborhood in the 18 month evaluation period (1/95 - 6/96) . On the contrary, there have been three (3) documented sales at substantially lower $/SF sales prices than the subject property. In fact, the subject property has registered the highest sale/SF in the subdivision in the last several years. Consequently, subject property was valued properly in prior years evaluations and should not be changed or possibly even lowered to reflect the actual sales that have occurred since its sale just outside of the appraisal period. Hello