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Home My WebLink About20211842.tiff ■ Valuati n Report of Commercial Property for County Board of Equalization RO RIGUEZ RUBEN j Petitioner Veld County Assessor ' s Office Respondent Docket Number : 2 021 - 1842 Parcel 1 Number : 0961 - 05 - 2 - 13 - 012 Schedule Number : R2787286 Appeal Number : 2008230095 Bate : 8 / 3 / 2021 Time : 8 : 30 Ali Board : 1 Prepared By Susan Gundry Assessor ' s office StaffAppraiser Assessor ' s In s icated Value COMMERCIAL $ 451 , 360 TOTAL : $ 451 , 360 Or per SF" 1of15 Salient Facts and Conclusions Purpose of Appraisal To determine Market vale as of 1 / 1 /2021 based on an appraisal date of 6 / 3 0 f 202 0 . Property Rights Appraised Unencumbered fee simple interest . Location 125 8TH AVE . EELE Land , Area 32 , 641 Pro erty Type Commercial Imp # SF Quality Occupancy Built As Class Year BuiltYr Rem Stories 1 62944 Average Warehouse Service Garage Masonry 1964 NiA 1 Value Indications Cost Approach $ 244750 $ 5 per SF Market Approach $ 555 , 520 or $ 80 per SF Income Approach $ o , 90 $ 87 per SF Final Value $ 451 , 360 Or 5 per 5F 2 of 15 Improvement # 1 Occupancy Description Occupancy Qua it Avera a Warehouse 100 % Y 9 Total SF 0944 Year ## of Blt As Description Class Year Built Remodeled ° o Stories SF Bernice Garage Masonry 1904 NiA 0 % 1 0944 • • tea IL el r aei 6 - a 44 iThilm , noh- If IL Stiiinra Banana Oar w eiyM C Spate Ektat 1 von 6944 . � . � I 2 :dr : u i r Came mil 1 imi Ali Ash kirlips of 15 Map of Subject ivve . . .. . , , L ..-1.,- 4 'nil 9 T4 1 • 2•is II �I f II 17.�7`s in t5 I III a •''• r� 5 P d d y a t" ri I, SI , ll'..- Illt:Its. w - —41% 10 Ohl , -ii ii' ° "�sitspa1 lot: I Lie:lg. l' NI 4s, I 4. 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YH7 T ali ,..ae�ir. • �, • p•. � , *S aIrr • a A. d_-es:' -I;.' L'�, F ter . ,I ' L 4.a I1 S 1 n Ir lit:.i. _4 i P tl I__� F ``1� - crdJ .: .`. 1: . ' II �� . _ �' ' a Fes: -,, Q ,. F: I I [` - min ♦'i ' ' 5y,, =-rI I �~I ,rt ll 1 . D� ��) • bn :fra>li rill : ' " ` � I c N F TI Hirt F� p' ' I A YI •.Fe, e; F �, .S • Is �F r ,o.•�I `-tea ' �,I F e— >7 I ryi, r - ti NE RI i • 1 3_ ' '-- •...� .. . Ai I I 'L. 1 I��yyy " esa r _ �1 -e •F I a �r 4 y LL .N 6 I I • I .� 1 ,� � -. k, _ -. : - �y, [ILIi'I rillii .R F ! . • ° 1 11 y r H. 1 e�.t �:-X.- • • I 1 e 1 �•�� mil ,_J AI 31 y r,i �r �_ 1 , U1 : UrAJU >, T• aim irIr4 of 1 Cost Approach Summary The Assessor is currently using Marshall and Swift cost tables for the cost approach of commercial properties in Weld, which has been approved by the Division of Property Taxation to be utilized by Colorado Assessors . The structure has been classified properly utilizing the Marshall and Swift Valuation service and an appropriate value assigned. A land value has likewise been established through the utilization of vacant land sales of comparable properties. Cost Approach Land Value Sales utilized to establish the value in the subject neighborhood are 2019 and 2020 market for the 2021 assessment date. The comparative sales approach is the most reliable method of land valuation. Pursuant to 39- 104- ( 10. 2) (c) C. R. S., the Assessor may utilize sales from July 2015 through the current market to establish the proper value, if sufficient information is not available in the prior 18 months. Also, comparables outside the subject property area may be used. The Weld County Assessor has an established ongoing sales confirmation and validation program for property transactions used in developing value. The land size of the subject is 32 ,641 square feet. Comparable commercial land in the subject area is valued at $4. 00 per square foot. A search of land sales was conducted and the following sales were considered most appropriate due to location, size and visibility. Situs City Sale Date Sale Price Net SF $ Per SF Comparable 1 518 8TH ST GREELEY 01 /11 /2019 $49, 000 5, 750 $8. 52 Comparable 2 313 8TH AVE GREELEY 05/12/2017 $30, 000 6, 000 $5. 00 Comparable 3 128 15TH ST GREELEY 11 /29/2016 $ 110, 000 18, 000 $6. 11 Comparable 4 2205 1ST AVE GREELEY 08/18/2016 $ 122 , 000 31 ,363 $3. 89 Assessor' s Indicated Subject Land Value $ 130, 564 or $4. 00 per SF 5 of 15 Weld Cost Breakdown Sheet Tax Year : 2021 Imp #: 1 NBHD : Commercial - 6907 - 00 Quality: Average Condition : CM-Typical Imp Gross SF : 6 ,944 Imp Net SF : 0 Perimeter: 360 Percent Complete: 100% BItAs Order #: 1 BItAs Desc: Service Garage BItAs SF : 6, 944 HVAC Type : Space Heater Exterior/Class : Masonry No . of Stories : 1 . 00 Year BIt: 1964 Adj Year Blt: 1964 Story Ht: 16 BItAs Units : 0 UnAdjBase $/sf: 60 . 00 Cost Mult: 1 . 0300 Local Mult: 1 . 0100 Base $/SF: 62 .42 Perim Mult: 1 . 0480 # Stories Mult: 1 . 0000 Story Ht Mult: 1 . 0410 MH Tag Mult: 1 . 0000 MH Wall Mult: 1 . 00 *HVAC $fsf: 0. 00 * Floor $/sf: 0 . 00 *Interior $fsf: 0. 00 * Fndation $/sf: 0 . 00 *Roof $/sf: 0. 00 *Energy $1sf: 0 . 00 Adj Base $fsf: 68 . 10 Sprinkler $lsf: 0 . 00 Sprinkler sf: 0 Sprinkler RCN : $0 BItAs RCN : $472M86 MH Skirt $ : 0 . 00 MH Skirt lnft: 0 MH Skirt RCN : 0 . 00 Total BItAs RCN : $472, 886 * These $lsf Adjustments include all Multipliers AddCode : Detail Type: Detail Description : Units : $!Unit: RCN : Ovrde : Ovrd $ : 843 Add On Asphalt Average 30 , 000 $2 .66 $79 , 800 $0 1135 Add On Chain Link Fence aft 630 $27 . 00 $ 17 , 010 $0 Total Detail RCN = RCN + Override RCN : $96 , 810 + $0 Plumbing Adjust: $0 Rough-In Adjust: $0 Imp Attribute Type : Imp Attribute Description : Imp Attribute Adj : Adjustment Type: Percent $ Amount Adjustments to RCNLD Replacement Cost New ($) : $569, 696 Percent Complete (x) : 100. 00% $0 Factor $ Amount RCN x Perc Complete ($) : $569, 696 RCN Less Depr ($) : $ 113, 939 Amateur Adj Value (-) : 0 . 00% $0 NBHD Adj (x) : 1 . 00 $0 Design Adj Value (+) : 0 . 00% $0 Market Adjusted Cost (=) : $ 113, 939 Exterior Adj Value (+) : 0 . 00% $0 Quality Adjustment (x) : 1 . 00 $0 Interior Adj Value (+) : 0 . 00% $0 Property Type Adj (=) : 1 . 00 $0 Functional Obs Value (-) : 0 . 00% $0 Adj Cost before Attrib (_): $ 113, 939 Economic Obs Value (-) : 0 . 00% $0 Total Mult Attrib (x) : 1 . 00 $0 Other Obs Value (-) : 0 . 00% $0 Total Additive Attrib (+): $0 Physical Depr Value (-) : 80 .00% $455, 757 Final Adjusted Cost (_) : $ 113, 939 Landscaping Cost (+) : $0 RCN Less Depr (_): $ 113, 939 6 of 15 Summary of Improvement Values for Cost Approach Imp # RCN RCNLD Actual Cost Value 1 $569 , 696 $ 113 ,939 $ 113 ,939 Grand Total : $ 569, 696 $ 113,939 $ 113 ,939 Land Value $ 130, 564 or $ 4. 00 per Land SF + Improvement Value $ 113, 939 or $ 16 per Improvement SF Value As Indicated by Cost Approach $244,503 or $35 per Improvement SF 7of15 Market Approach Summary The Assessor has appropriately considered the Market Approach to value for the property on appeal. The Sales Comparison Approach was considered in developing a market value for the Subject. Sales used to establish a market value for the tax year 2021 are from January 1, 2019 through June 30, 2 02 0. Pursuant to 39- 1 - 104 (1O. 2 ) (c) C. R. S., the Assessor may utilize sales five years prior to June 30, 2020 to establish the proper value. All sales have been confirmed and verified through transfer declarations as well as interviews with buyers, sellers or their representatives to the sale. All sales used are arm's length transactions, and considered to be the most comparable properties sold in relationship to the Subject property. Market Comparables Parcel Number Situs Sale Date Sale Price Adj SP Acct ## Occupancy It of Bldgs Imp SF Yr Built Per Imp SF Comparable 1 0961-08-4-01 -019 1721 1ST AVE , GREELEY 02/20/ 2020 $680,000 $ 679,800 R3310886 Warehouse 1 7,046 1972 $96 Comparable 2 0961-08-2 -05 -005 1010 11TH ST , GREELEY 06/14/ 2018 $ 565,000 $ 565 ,000 R3240286 Office Building 1 7,804 1964 $ 72 Comparable 3 0961-08-4-09 -022 1809 1ST AVE , GREELEY 02/02/2018 $390,000 $ 390,000 R6914398 Service Garage 1 3,684 1940 $ 106 Description of Market Comps : Comparable 1 is similar to the subject in construction quality and age . This property does have a larger site area. An adjustment was made for the site area. Comparable 2 is a larger building of similar construction and age as the subject. This property does have a smaller site area and an adjustment was made for that smaller site area. Comparable 3 is a smaller building of similar construction and is older. Adjustments were made for the smaller site area and building size. 8 of 15 I i , t 1 1$L il' 4 stilaars,_ , ---Mt " -- ' LIE = ' _ ' 7 "F. , _ , - _s I Comparative Sales Grid PROPERTY Subject Comp 1 Comp .2 Comp 3 Comments Warehouse Warehouse Retail r r p Parcel ft 0961115213012 0961081401019 +1 096108205005 0610&409022 Address 125 8th Ave 1721 1st Ave 1010' 11th St 1801 1 it Ave City Greeley 'Greeley 'Greeley Greeley SOTO SIL' IA, 0LMEDO ; Grantor Moore Bearing Co Inc ?o a4w ill Intustries of Denve LOPEZMARTIN OLMEDO Grantee Puzzle Creek LLC High Plains Library District Baltazar Navarro Sale Price X0,000 5565,000 5390, 000 Sale Price PSF .598.51 .572:40 510;`8€ VALUE ADJUSTMENTS, DESCRIPTION DESCRIPTION Adjustment DESCRIPTION. Adjustment DESCRIPTION Adjustment Sale Date 2/20/20°20 6/141201 B , 21212018 Location Greeley Greeley Greeley Greeley Land Size 32,641 48,999 -5% 12, 109 10% 18,665 5% LIB Ratio 4. 10 6.95 1 , 55 5. 01 Bldg SF 6,944 7,046 7, 8104 3,884 -10 % Construction Masonry Masonry Masonry Masonry Wall Height 16! 12' 14" 1 .8' Age 1964 1972 1964 1 .940' Condition Average Average Average Average NEr: JUSTAIE T -5% 10% -5% $91 .68 579.64 511101. 57 Compa,rables Priced SF. Range 576.054105.86 Corn parables Price I SF Median $91 .68 Corn parables Price ! SF Average 390.63 360,00 : 55,5.20.00 After making the adjustments for the differences, the range of adjusted price per square foot is between $ 79 . 64 and $ 100 . 57 with $91 . 68 being the median and $90 . 63 being the average. It was determined that $80. 00 per square foot was reasonable for the subject due to the improvement size and age . Based upon investigation and analysis, it is the opinion of the appraisers that the value of $555 , 520 or$ 80 per SF accurately reflects the market value of the subject property. Value As Indicated By Market Approach $ 555, 520 or $80 per SF 9of15 J .r . CELL H -51.z.m".----Las"."%.--- 1-11r 1 1 av" Subject iN) 2 - 1— IFI ll i 1I laI N mini _ . II.I II w III1'�ri 11 LILLI ' "' I rd._ "�� Ililfihl !..., r,, I � - �" I � III I ■ �,d I ` - ' I ' St) I . - al”Illa nirialb lint= ii jIII IIrin III-= u ! IL ,216 ,III RI aj Ella !Jag IWO li 1 i I : 7 -111-1— lil a r [11 I 1 1iEN 11111O i II ■ 1111 111 \I\ I-1 I 1 _ n, ismia num illems , 143 _ . :IliillIIIIIIIIE MIN I . 1 In i L 1 . _ . _ I lal milli i 1 I t , pc mecum AMINE II! � t_ Its ; IruIIif11i $pp � Iw�l l� Ll ►me ath St I _ h.r-iL1H ��1 �._�.J t II "III � � Ir It �I m !I r ! is l ; " sam ��1MIi it l ICI lL L1111� mini ii I a y 9.t St I�IIIlI� ' III �iF hill t� _ 1I 1 — 111 1111gitial I . ar _ 11111111111111 = � � ers- . I _ ■��r y �� I- I p l i - 111 • �I��I�rti i I' I '� �IIIII! r' 'I 111 li 1 'II�II !s' bri I - �IIIN i ill lam,�� '� III �! �: 11 'pmH&JI i ' 11. a . iM \\1/4%...0 EH 1111 ii _ _ IIIIIIIIIII1 It , 'I�� 1 V I I illll :IIII� I1�� ® III IIIIIl VIII ■I! = �.1�- Ilitill! 1111 .11&I ME ik �ll!i flIIW1 l X111= �1 � ftl"fl J II '� G III �Illllli' ! ii ..... ' __ � o a . ll!! ens RIM �lr' %1I IIIM�!� - dig ! 'Ill: !II :. 1 ■ ., `� ri _. 1 A—' —I lil min Lion MO aiE: alma'. �1I =111 =��I II. : I � - ): - Ira � VII — . � ■ i '� _ �. _ la an. _ - � - fir �.:r . i __ R Ili ��M 1E I 5 \\:- _ I = II , MI Si IMI F.I all 11. , r =.1 I . x..11 ii = a AllaPr :I 1 NI MM 5 � ■ I I �1 11 �1 I I �� .■6 -_ =� i ■It ��■ I Ill it Ei — t In =� � ■ : i � —ei. re al min wimn �at 1 En Wlkillir rte = \ C al la ...ji 1 E. N___ l ENE la = ■ ,11 i ii 1 \ till �.� � s �i` _ 111 • _nri ..—..s la A:. s _a I ii lima a -7— 0 '' t H ri-- ./ a'1�� tiff _ or LTV . \ Coma 1 i� 1 iCranfor . -1 M it«� w _. + L EL I_ at i �- --- 10 of 15 Income Approach To Value The basic steps in the Income Approach to value for commercial properties in mass appraisal are based on a landlord-tenant situation and not on the income of the actual business. In using this approach, it eliminates the possibility of valuing management as opposed to the potential income of the structure . This is the proper method Assessor' s must utilize through the guidelines of the Division of Property Taxation. Income Approach Steps 1 . Estimate potential gross income to the landlord. 2 . Deduct typical vacancy and collection loss. 3 . Add additional miscellaneous income . 4. Determine typical landlord operating expenses . 5 . Deduct operating expenses to determine the landlord' s operating income . 6. Determine a proper capitalization rate. 7 . Capitalize the net income into an estimated property value. Research has been done by the Assessor to determine the typical rent by location, type of structure and the property use . The Weld County Assessor' s office has also researched the typical landlord expenses, additional income based on the type of business, and vacancy and collection loss . An Income Approach has been completed for the subject. The Weld County Assessor has appropriatelyconsidered the Income Approach to value for the Subject property on appeal . The Assessor has gathered income information from local commercial properties for the time frame of January 1 , 2019 through June 30, 2 02 0. This information, combined with statewide and industry-wide data, is used to determine typical income and expenses for various property types . In conclusion of the Income Approach, the Assessor has considered both groups of data and has put more emphasis on the local factors and data than the state and national data. This information was then applied to the subject property to arrive at an appropriate Income Approach Value. 11 of 15 A search for lease comparables was conducted in the Greeley market, The three comparables used were determined to be most like the subject. Lease comps: 1 - Located in Greeley, is 2,814 square feet and leases for $ 15,48 NNN 2 - Located in Garden City, is 9,025 square feet and leases for $8. 15 NNN 3 - Located in Garden City, is 5,000 square feet and leases for $6. 72 NNN It was determined the market rent of $7, 00 NNN is most appropriate for the subject. Using a 5% allowance for vacancy, and deducting 5% for management and a 3% reserve expenses, the resulting net operating income is $42,483,39 Applying a capitalization rate of 7% produces a value on the subject property at $606,906 or $87 per square foot. CoStar estimated vacancy for warehouse is between 2 and 5 percent. Burbach and Associates show cap rates for warehouse was between 6% and 7% with the average being 6, 50% . It was determined that a cap rate of 7% is appropriate for the subject, MARKET PI S 7 . 0 0 S48J608 , 00 6 , 944 VACANCY 5 % $ 2.430 ,40, P I S46177 .60 MANAGEMENT % S1J385 , 33 RESERVES 5 % S2J308 ,88 TOTAL EXPENSES 53, 69 . 21 NOI 842, 483 , 9 CAP RATE 0 , 070 INDICATED VALUE/SF 5606, 906.. 587 . 40 During the Assessor level of appeals, actual income was provided which supported a lower value . Due to this new information, the account value was reduced to the current value of $451, 360. Value As Indicated by Income Approach $ 606,906 or $87 per SF 12 of 15 Conclusion Real property for tax year 2021 must be valued utilizing the level of value for the period of one and one- half years immediately prior to July 1, 2020 . Except that, if comparable valuation data is not available from such one-and one-half-year period to adequately determine the level of value of a class of property. The period of five years immediately prior to June 30, 2020 shall be utilized to determine the level of value . Said level of value shall be adjusted to the final day of the data gathering period. Changes occurring between base years are not to be accounted for until the following level of value is implemented, other than additions, change in use, detrimental acts of nature, damage due to fire, etc ., or creation of a condominium, or any new regulations restricting or increasing the use of the land, or a combination thereof. {3.9 - i - 104 ( lfl (b) (1 ) C. R .S.} The subject property has been classified as Commercial Property for assessment purposes. Commercial property value shall be determined by appropriate consideration of the Cost Approach, Market Approach, and Income Approach to value. 9- 1 - 103 ( 5 ] (a] C . R. S.} The Assessor has considered all three approaches to value for the subject parcel on appeal . Final Reconciliation After consideration of the cost, market and income approaches, it is the Weld County Assessor's opinion that the value of $451 , 360, most accurately reflects the value of the subject property in Weld County for the 2021 tax year. Cost Approach Market Approach Income Approach $ 244, 503 $555 ,520 $ 606, 906 $35perSF $80 per SF $87per SF Assessor' s Recommended Value COMMERCIAL $451, 360 TOTAL: $451,360 or $65 per SF During the Assessor lever of appeal, the value was reduced to $451 , 360. For the CBOE appeal, the property owner has requested a value of $450, 000 . We recommend that the board grant the requested value of $450, 000. 14 of 15 From: batman rodauiez To: Susan Gundry Subject: Re: R2787286 Date: Saturday, July 10, 2021 6: 17 :07 AM Caution : This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the sender and know the content is safe. Yes I agree with the new value On Fri, Jul 9, 2021 at 8 :40 AM Susan Gundry <sgundry a weldgov. com> wrote: Good morning, I received your CBE appeal this morning. I see that you are requesting a new value of $450, 000 and I just want to make sure that you are aware that I reduced the value of the property back to the 2019/2020 value which was $451 ,360 . Please let me know if you are aware and am ok with the $451 ,360 value that was agreed to with your tax agent in June . Thank you, Susan Gunchy Property Appraiser Commercial Division Weld County Assessor's Office 1400 N. 17th Avenue Greeley, CO 80631 970-400-3676 15 of 15 NOTICE OF DETERMINATION RECEIVED Brenda Dones JUL 0 $ 2�2� Date of Notice : 6/30/2021 Weld County Assessor Telephone : ( 970 ) 400-3650 1400 N 17th Ave WELD COUNTY Fax : ( 970 ) 304-6433 Greeley , CO 80631 COMMISSIONERS Office Hours : 8 : 00AM - 5 : 00PM L p, vY }�"'6C ` t..._ %F u' Jn�4 . ;3>-Y v. • • N atiS ' LEGAL DESCRIPTION/ PHYSICAL LOCATION ACCOUNT Na, TAX YEAR TAX AREA - R2787286 2021 0600 GR 4232 L4-5-6-7-8 BLK6 CLAYTONS 1ST SUB EXC E60' L4 & EXC BEG 60'W OF NE COR L4 RODRIGUEZ RUBEN J W35 .8' S1 . 1 ' E35 . 8' N1 . 1 ' TO BEG & EXC Z 232 ELIZABETH CT PT DEEDED TC HWY IN BK 1237 PG 338 FORT LUPTON , CO 80621 -1292 125 8TH AVE G REELEY a. Q n., � _ 1 ASSESSOR'S VALUATION PROPERTY CLASSIFICATION 4i= ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER A `AY REVIEW REVIEW COMMERCIAL 555 , 520 451 , 360 TOTAL 555 ,520 451 ,360 The Assessor has carefully studied all available information , giving particular attention to the specifics included on your protest . The Assessor' s determination of value after review is based on the following : After review of your property, we have made adjustments. This was done because of additional information obtained, or provided through the appeal process. 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 . The deadline for filing real property appeals is July 15 . The Assessor establishes property values . The local taxing authorities ( county , school district, city , fire protection , and other special districts) set mill levies . The mi I levy requested by each taxing authority is based on a projected budget and the property tax revenue required to adequately fund the services it provides to its taxpayers . The local taxing authorities hold budget hearings in the fall . If you are concerned about mill levies , we recommend that you attend these budget hearings . Please refer to last year' s tax bill or ask your Assessor for a listing of the local taxing authorities . Please refer to the reverse side of this notice for additional information . Agent ( If Applicable) : PROPERTY TAX ADVISORS INC 3090 SOUTH JAMAICA COURT SUITE 204 AURORA , CO 80014 15-DPT-AR PR 207-08/13 R2787286 2021 - 1842 AS0109 APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 26th through August 5th at 1150 O Street. To appeal the Assessor' s decision , complete the Petition to the County Board of Equalization shown below , and mail , file online , or deliver a copy of both sides of this form to : Weld County Board of Equalization 1150 O Street, P . O . Box 758 Greeley , CO 80631 Telephone : (970) 356-4000 ext , 4225 Online : www. co . weld . co . us/appsl/cboe/ To preserve your appeal rights , your Petition to the County Board of Equalization must be postmarked or delivered on or before July 15 for real property — after such date , your right to appeal is lost . You may be required to prove that you filed a timely appeal ; therefore , we recommend that all correspondence be mailed with proof of mailing . You will be notified of the date and time scheduled for your hearing . The County Board of Equalization must mail a written decision to you within five business days following the date of the decision . The County Board of Equalization must conclude hearings and render decisions by August 5 , § 39-8- 107 (2) , C . R . S . If you do not receive a decision from the County Board of Equalization and you wish to continue your appeal , you must file an appeal with the Board of Assessment Appeals by September 10 , § 39-2- 125 ( 1 ) (e) , C . R . S . If you are dissatisfied with the County Board of Equalization ' s decision and you wish to continue your appeal , you must appeal within 30 days of the date of the County Board ' s written decision to ONE of the following : Board of Assessment Appeals District Court 1313 Sherman Street , Room 315 Contact the District Court in the County Denver, CO 80203 where the property is located . See your ( 303 ) 866-5880 local telephone book for the address and www . dola . colorado . gov/baa telephone number. Binding Arbitration For a list of arbitrators , contact the County Commissioners at the address listed for the County Board of Equalization . If the date for filing any report, schedule, claim, tax return, statement, remittance, or other document falls upon a Saturday, Sunday, or legal holiday, it shall be deemed to have been timely filed if filed on the next business day, `ss 39- 1 - 120(3), C. R. S. PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property 's value as of June 30, 2020? (Your opinion of value in terms of a specific doll - r amount is required for real property pursuant to § 39-8-106 ( 1 . 5) , C . R. S . ) $ �Z t , What is the basis for your estimate of value or your reason for requesting a review? ( Please attach additional sheets as necessary and any supporting documentation , i . e . , comparable sales , rent roll , original Is installed cost, appraisal , etc. ) \04 at‘ 0 ("-N. le\--\ of N-1 ock 1/4-\---Lcst \c\Ave\c-3 ATTESTATION: I , the u ersigned owner or agent' of the property identified above, affirm that the statements contained herein and n attachments hereto are true and complete. LAI ar-33 US- la I Signatu Telephone Number Date • c\).k�y\co o tw 2X--1 Q( nr\a \ \ : C � Email Address ' Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/13 R2787286 007 DEFER CO 002 it' � 2'5Z JUL "7.'0-21 PM 6 L >ok 'IP 'VOW : ir 4T;14` 1 (34I-6)r\ Ct) r IAEA CO 0,,4'1 1 .)0L\‘‘ Z_CC"-\---00- \ SO Gt-e = CD 8®,31 �jw.V;��'--_��'��w jell'�llt�xlfl��ll'!��lllliiltxl11,i#�f�l !!!!!lltl�tii��iljljFlf! CLERK TO THE BOARD 1 PHONE (970) 400-4226 • �F FAX (970) 336-7233 • _ WEBSITE:www.weldgov.com • • 1150 O STREET }- - P.O. BOX 758 GREELEY CO 80632 July 8, 2021 Petitioner: Agent (if applicable): RODRIGUEZ RUBEN J 232 ELIZABETH CT FORT LUPTON, CO 80621-1292 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTIFICATION OF HEARING SCHEDULED Docket 2021-1842, AS0109 Appeal 2008230095 Hearing 8/3/2021 8:30 AM Account(s)Appealed: R2787286 Dear Petitioner(s): The Weld County Board of Equalization has set a date of August 3, 2021, at or about the hour of 8:30 AM, to hold a hearing on your valuation for assessment. This hearing will be held at the Weld County Administration Building, Assembly Room, 1150 O Street, Greeley, Colorado. You have a right to attend this hearing and present evidence in support of your petition. The Weld County Assessor or his designee will be present. The Board will make its 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 5, 2021, and mailed to you within five (5) business days. Because of the volume of cases before the Board of Equalization, most cases shall be limited to 10 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. If you wish to discuss your value with the Assessor's Office, please call them at (970) 400-3650. If you wish to obtain the data supporting the Assessor's valuation of your property, please submit a written request directly to the Assessor's Office by emailing assessor@weldgov.com or sending a fax to (970) 304-6433. Upon receipt of your written request, the Assessor will notify you of the estimated cost of providing such information. Payment must be made prior to the Assessor providing such information, at which time the Assessor will make the data available within three (3) working days, subject to any confidentiality requirements. 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 LPLIs. �/o:yf G'i. Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Assessor CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 ` r� • _ WEBSITE:www.weldgov.com 1150 O STREET _ - TM P.O. BOX 758 - GREELEY CO 80632 August 3, 2021 Petitioner: Agent (if applicable): RODRIGUEZ RUBEN J 232 ELIZABETH CT FORT LUPTON, CO 80621-1292 RE: THE BOARD OF EQUALIZATION 2021, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2021-1842 Appeal 2008230095 Hearing 8/3/2021 8:30 AM Dear Petitioner: On the day indicated above, the Board of County Commissioners of Weld County Colorado convened and acting as the Board of Equalization, pursuant to C.R.S. §39-8-101 et seq., considered petition for appeal of the Weld County Assessor's valuation of your property described above, for the year 2021. The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Account# Decision Determined by Assessor Board R2787286 Adjust -Approved $451,360 $450,000 A denial of a petition, in whole or in part, by the Board of Equalization must be appealed within thirty (30) days of the date the denial is mailed to you. You must select only one of the following three (3) options for appeal: 1. Appeal to Board of Assessment Appeals: You have the right to appeal the County Board of Equalization's decision to the Colorado Board of Assessment Appeals. A hearing before that Board will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the Board of Assessment Appeals is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(2), only the record of proceedings from your hearing before the Board of Assessment Appeals and your legal brief are filed with the appellate court. All appeals to the Board of Assessment Appeals filed after August 10, 2021, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2021, in addition to any other requirements under law, any petitioner appealing either a valuation of rent-producing commercial real property to the Board of Assessment Appeals pursuant to C.R.S. §39-8-108(1) or a denial of an abatement of taxes pursuant to C.R.S. §39-10-114 shall provide to the County Board of Equalization or to the Board of County Commissioners of the County in the case of an abatement, and not to the Board of Assessment Appeals, the following information, if applicable: (A) Actual annual rental income for two full years including the base year for the relevant property tax year; (B) Tenant reimbursements for two full years including the base year for the relevant property tax year; (C) Itemized expenses for two full years including the base year for the relevant property tax year; and (D) Rent roll data, including the name of any tenants, the address, unit, or suite number of the subject property, lease start and end dates, option terms, base rent, square footage leased, and vacant space for two full years including the base year for the relevant property tax year. (II) The petitioner shall provide the information required by subsection (5)(a)(I) of this paragraph (a) within ninety days after the appeal has been filed with the Board of Assessment Appeals. (b)(I) The Assessor, the County Board of Equalization, or the Board of County Commissioners of the County, as applicable, shall, upon request made by the petitioner, provide to a petitioner who has filed an appeal with the Board of Assessment Appeals not more than ninety days after receipt of the petitioner's request, the following information: (A) The primary method used by the county to determine the value of the subject property; and (B) The rates used by the county to determine the value of the subject property under the method identified in accordance with subsection (5)(b)(I)(A) of this section. (II) The party providing the information to the petitioner pursuant to subparagraph (I) of this paragraph (b) shall redact all confidential information contained therein. (c) If a petitioner fails to provide the information required by subparagraph (I) of paragraph (a) of this subsection (5) by the deadline specified in subparagraph (II) of said paragraph (a), the County may move the Board of Assessment Appeals to compel disclosure and to issue appropriate sanctions for noncompliance with such order. The motion may be made directly by the County Attorney and shall be accompanied by a certification that the County Assessor or the County Board of Equalization has in good faith conferred or attempted to confer with such petitioner in an effort to obtain the information without action by the Board of Assessment Appeals. If an order compelling disclosure is issued under this paragraph (c) and the petitioner fails to comply with such order, the Board of Assessment Appeals may make such orders in regard to the noncompliance as are just and reasonable under the circumstances, including an order dismissing the action or the entry of a judgment by default against the petitioner. Interest due the taxpayer shall cease to accrue as of the date the order compelling disclosure is issued, and the accrual of interest shall resume as of the date the contested information has been provided by the taxpayer. Appeals to the Board of Assessment Appeals must be made on forms furnished by that Board, and must be mailed or delivered within thirty (30) days of the date the denial by the Board of Equalization is mailed to you. The address and telephone number of the Board of Assessment Appeals are: Board of Assessment Appeals 1313 Sherman Street, Room 315 Denver, Colorado 80203 Telephone Number: (303) 864-7710 Email: baa@state.co.us Fees for Appeal to the Board of Assessment Appeals: A taxpayer representing himself is not charged for the first two (2) appeals to the Board of Assessment Appeals. A taxpayer represented by an attorney or agent must pay a fee of$101.25 per appeal. OR 2. Appeal to District Court: You have the right to appeal the decision of the Board of Equalization to the District Court of the county wherein your property is located: in this case that is Weld County District Court. A hearing before The District Court will be the last time you may present testimony or exhibits or other evidence, or call witnesses in support of your valuation. If the decision of the District Court is further appealed to the Court of Appeals pursuant to C.R.S. §39-8-108(1), the rules of Colorado appellate review and C.R.S. §24-4-106(9), govern the process. OR 3. Binding Arbitration: You have the right to submit your case to binding arbitration. If you choose this option, the arbitrator's decision is final and you have no further right to appeal your current valuation. C.R.S. §39-8-108.5 governs this process. The arbitration process involves the following: a. Select an Arbitrator: You must notify the Board of Equalization within 30 days that you will pursue arbitration. You and the Board of Equalization will 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 (i.e. Weld) will select the arbitrator. b. Arbitration Hearing Procedure: Arbitration hearings are held within sixty (60) days from the date the arbitrator is selected, and are set by the arbitrator. Both you and the Board of Equalization are entitled to participate in the hearing. The hearing is informal. The arbitrator has the authority to issue subpoenas for witnesses, books, records documents and other evidence pertaining to the value of the property. The arbitrator also has the authority to administer oaths, and determine all questions of law and fact presented to him. The arbitration hearing may be confidential and closed to the public if you and the Board of Equalization agree. The arbitrator's decision must be delivered personally or by registered mail within ten (10) days of the arbitration hearing. c. Fees and Expenses: The arbitrator's fees and expenses are agreed upon by you and the Board of Equalization. In the case of residential real property, the fees may not exceed $150.00 per case. For cases other than residential real property, the arbitrator's total fees and expenses are agreed to by you and Board of Equalization, but are paid by the parties as ordered by the arbitrator. If you have questions concerning the above information, please call me at (970) 400-4226. Very truly yours, BOARD OF EQUALIZATION LeL� +�Jv:yfG C. Esther E. Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor Hello