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HomeMy WebLinkAbout20193112.tiffAugust 6, 2019 Petitioner: BRICHACEK JAY D 19013 COUNTY ROAD 15 JOHNSTOWN, CO 80534-9219 CLERK TO THE BOARD PHONE (970) 400-4226 FAX (970) 336-7233 WEBSITE: www.weldgov.com 1150 O STREET P.O. BOX 758 GREELEY CO 80632 Agent (if applicable): RE: THE BOARD OF EQUALIZATION 2019, WELD COUNTY, COLORADO NOTICE OF DECISION Docket 2019-3112 Appeal 2008224786 Hearing 8/5/2019 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 2019. Account # Decision The Assessment and valuation is set as follows: Actual Value as Actual Value as Set by Determined by Assessor Board R2226903 Stipulated - Approved Stipulated Value $1,082,006 $950,000 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, 2019, MUST comply with the following provisions of C.R.S. §39-8-107(5): (5)(a)(I) On and after August 10, 2019, 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 subparagraph (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) All of the underlying data used by the county in calculating the value of the subject property that is being appealed, including the capitalization rate for such property; and (B) The names of any commercially available and copyrighted publications used in calculating the value of the subject property. (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 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 fess 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 Esther E_ Gesick Clerk to the Board Weld County Board of Commissioners and Board of Equalization cc: Brenda Dones, Weld County Assessor COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number R2226903 STIPULATION (As To Tax Year 2019 Actual Value) RE PETITION OF : NAME: ADDRESS: Jay & Marsha Brichacek 19013 County Road 15 Johnstown, CO 80534 Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2019 valuation of the subject property, and jointly move the Board of Equalization to enter its order based on this Stipulation. Petitioner (s) and Assessor agree and stipulate as follows: I . The property subject to this Stipulation is described as: PT SE4 30-4-67 LOT A AMD REC EXEMPT RE -2841(1.81 R) 2. The subject property is classified as Residential property. 3. The County Assessor originally assigned the following actual value to the subject property for the tax year 2019 : Total $1,082,006 4. After further review and negotiation, Petitioner (s) and Weld County Assessor agree to the following tax year 2019 actual value for the subject property: Total $950,000 5. The valuation, as established above, shall be binding only with respect to tax year2019 6. Brief narrative as to why the reduction was made: Review of additional sales. 7. Both parties agree that: LiThe hearing scheduled before the Board of Equalization on 07/30/2019 at 1:00 PM be vacated. A hearing has not yet been scheduled before the Board of Equalization. 1 go 3 ID ASO 103 DATED this 24 Marsha BrichaeeE 1:1. I! BiH-hrr4 •J,,t ?4 ?ntr' day of July 2019 141,4,- jitter ( Petitioners) or Agent or Attorney Address: 19013 County Rd 15 Johnstown, CO 80534 Telephone: 720-363-1657 Docket Number R2226903 Stip-1.Lrm (Assistant) County Attorney for Respondent, Weld County Board of Commissioners Address: 1150 "O" Street P.O. Box 758 Greeley, CO 80632 Telephone:(970) 336-7235 rRivnelta)21146 County Assessor Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 400-3650 R2226903/BRICHACEK Final Audit Report 2019-07-25 Created: By: Status: Transaction ID: 2019-07-24 Courtney Anaya (canaya@co.weld.co.us) Signed CBJCHBCAABAApCufgRpvJA5jiW3w4_AKsuKkE0Bb2JIr "R2226903/BRICHACEK" History t Document created by Courtney Anaya (canaya@co.weld.co.us) 2019-07-24 - 4:28:46 PM GMT- IP address: 204.133.39.9 Document emailed to Courtney Anaya (canaya@co.weld.co.us) for approval 2019-07-24 - 4:28:48 PM GMT Document approved by Courtney Anaya (canaya@co.weld.co.us) Approval Date: 2019-07-24 - 4:29:03 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Colleen Kentfield (ckentfield@weldgov.com) for approval 2019-07-24 - 4:29:05 PM GMT Email viewed by Colleen Kentfield (ckentfield@weldgov.com) 2019-07-24 - 4:29:28 PM GMT- IP address: 204.133.39.9 Oo Document approved by Colleen Kentfield (ckentfield@weldgov.com) Approval Date: 2019-07-24 - 4:34:19 PM GMT - Time Source: server- IP address: 204.133.39.9 Document emailed to Brenda Dones (bdones@co.weld.co.us) for signature 2019-07-24 - 4:34:20 PM GMT Email viewed by Brenda Dones (bdones@co.weld.co.us) 2019-07-24 - 5:45:03 PM GMT- IP address: 204.133.39.9 /c0 Document e -signed by Brenda Dones (bdones@co.weld.co.us) Signature Date: 2019-07-24 - 5:45:44 PM GMT - Time Source: server- IP address: 204.133.39.9 1 Document emailed to Marsha Brichacek (mabrick@msn.com) for signature 2019-07-24 - 5:45:45 PM GMT Email viewed by Marsha Brichacek (mabrick@msn.com) 2019-07-24 - 6:49:21 PM GMT- IP address: 208.69.215.7 Adobe Sign • _ Document e -signed by Marsha Brichacek (mabrick@msn.com) Signature Date: 2019-07-24 - 7:41:45 PM GMT - Time Source: server- IP address: 208.69.215.7 Document emailed to Karin McDougal (weld-cboe@weldgov.com) for signature 2019-07-24 - 7:41:47 PM GMT tI Email viewed by Karin McDougal (weld-cboe@weldgov.com) 2019-07-24 - 7:46:44 PM GMT- IP address: 204.133.39.9 °to Document e -signed by Karin McDougal (weld-cboe@weldgov.com) Signature Date: 2019-07-25 - 3:56:32 AM GMT - Time Source: server- IP address: 204.133.39.9 Signed document emailed to Karin McDougal (weld-cboe@weldgov.com), Colleen Kentfield (ckentfield@weldgov.com), Marsha Brichacek (mabrick@msn.com), Courtney Anaya (canaya@co.weld.co.us), and 2 more 2019-07-25 - 3:56:32 AM GMT Adobe Sign Thank you for submitting an appeal to the Weld County Board of Equalization. We will review the information submitted and you will receive a date to appear before the board. Contact Information: Contact Name: Marsha Brichacek Contact Email: mabrick@msn.com Contact Phone: 720-363-1657 Appeal Submitted: 01:12 PM July 15, 2019 Appeal submitted for: R2226903 - BRICHACEK JAY D 19013 COUNTY ROAD 15 , WELD Legal: PT SE4 30-4-67 LOT A AMD REC EXEMPT RE -2841(1.81R) Reason: Value Too High - See attached supporting documentation Estimate of Value: $905,000.00 Document(s) Submitted: Account: All Accounts - Appeal WS 5-2019.xlsx Account: R2226903 - R2226903_INITIAL PROTEST.pdf Account: R2226903 - 2017-2018 Property Sales Update.pdf Account: R2226903 - Jan2017-Jan2018 Prop Sales Rpt.pdf Account: R2226903 - Property Tax Appeal -Notice of Determination 2019.docx Account: R2226903 - COMPARABLE SALES WORKSHEET 2019.xlsx Account: R2226903 - R2226903 Comparable Rpt 2019NOV.pdf You have selected the following Date Preferences: Tuesday, July 30, 2019, from 1:30 p.m. to 4:30 p.m. Thursday, August 1, 2019, from 9:00 a.m. to 12:00 p.m. Thursday, August 1, 2019, from 1:30 p.m. to 3:30 p.m. Thursday, July 25, 2019, from 9:00 a.m. to 12:00 p.m. Thursday, July 25, 2019, from 1:30 p.m. to 4:30 p.m. Friday, July 26, 2019, from 9:00 a.m. to 12:00 p.m. Friday, July 26, 2019, from 1:30 p.m. to 4:30 p.m. Monday, July 29, 2019, from 3:00 p.m. to 4:30 p.m. The Appeal process can take several weeks for us to complete. You will receive a written decision on your appeal within five (5) working days of your hearing. We thank you for your submittal. Weld County Board of Equalization 2019-3112 ASo i o 3 Thank you for submitting an appeal to the Weld County Assessor's Office. We will review the information submitted and if we have questions we will contact you at one of the following: Contact Information: Contact Name: Marsha Brichacek Contact Email: mabrick@msn.com Contact Phone: 720-363-1657 Appeal Submitted: 04:39 PM May 31, 2019 Appeal submitted for: R2226903 - BRICHACEK JAY D 19 013 COUNTY ROAD 15 , WELD Legal: PT SE4 30-4-67 LOT A AMD REC EXEMPT RE -2841(1.81 R) Reason: Value Too High - Comparable Sales: R8066099 Sold 3/31/2017 for 917500; R5705786 Sold 6/14/2018 for 925 000 Estimate of Value: $870,000.00 Document(s) Submitted: Account: All Accounts - Appeal WS 5-2019.xlsx The Appeal process can take several weeks for us to complete. We will mail a decision on your appeal by June 30th for real property and by July 10th for business personal property and/or oil and gas. We thank you for your submittal. Weld County Assessor's Office (970) 400-3650 Property Tax Appeal Account No.: R2226903 Tax Year: 2019 We have received the Notice of Determination reducing the actual value after review to $1,082,006. Our revised estimate of the property's value as of June 30, 2018 is $905,000. This value was determined by reviewing comparable sales of both improved and vacant land and the changes in the average sales prices of homes in Weld County from January 1, 2017 through June 30, 2018. Attached to this summary are spreadsheets with our supporting documentation. The Comparable Sales of Improved Land show an average sales price of $905,000. The Comparable Sales of Vacant Land/Residential Land show an average value per acre of $21,835. The Average Sales Price Changes show an adjusted value of $835,590. Our value of $905,000 was a result of weighting these three numbers. The $905,000 is weighted the most as it is reflective of actual sales of similar homes. The $835,590 is weighted next. Our house would probably fall on the higher side of the average selling price. A 20% increase results in a value of $885,730. The land can't be sold separate from the house/improvements, so the land value should be considered in the $905,000 average selling price. Please note, however, that the value per acre used to determine the land value on the ND is higher than the calculated average value per acre. Thank you for your consideration of our appeal. Respectfully submitted, Marsha Brichacek ATTACHMENT TO SCHEDULE NUMBER R2226903 19013 County Rd 15, Johnstown, Co Property Owner: Jay D and Marsha A Brichacek COM PARABLE MARKET ANALYSIS DATE SOLD PROPERTY ADDRESS SELLING Square PRICE Footage 3/31/2017 5341 Red Tail Ct., Platteville, 80651 917,500 5827 6/14/2018 4143 County Rd 7., Erie, 80516 925,000 3452 Comparable properties are hard to find for our house. Some of the differences between our house and these comparables include: * their square footage is larger, * we do not have shares of water/water rights, * we don't have the same number of out buildings or their amenities, * we don't have horse barns, shelters, loafing sheds, fences or arenas, and * we haven't remodeled. From the Colorado Association of REALTORS, the average single family home sales price increased 8.7% from 6-2017 to 6-2018 in Weld County. Our value from $738,108 to $870,000 is approx. a 17.9% increase. Property Tax Appeal Account No.:. R2226903 Tax Year: 2019 COMPARABLE SALES - Improved Land Address 5341 Red Tail Ct. Platteville 80651 4143 WCR 7 Erie 80516 Sales Sales Acct. No. Date Price* R8066099 3/31/2017 917,500 R5705786 6/14/20►18 923,50►0 37001. Soaring Eagle G r R0705301 8/25/2017 876,148 Severance TOTAL 2,717,148 AVG SALES PRICE * Time Ad) Sales Price 905,176 Make Sure Your Agent is a REALTORS Local Market Update for June 2018 A Research Tool Provided by the Colorado Association of REALTORS® Not ail agents are the same! 1[ A Li0 REALTORS - Weld County Contact the Fort Collins Board of REALTORS ID, Greeley Area REALTOR ID Association, Longmont Association of REALTORS O, Boulder Area REALTOR *D Association, or Northern Colorado Commercial Association of REALTORS for more detailed local statistics or to find a REALTOR in the area. Single Family Key Metrics New Listings Sold Listings Median Sales Price* Average Sales Price* Percent of List Price Received* Days on Market Until Sale Inventory of Homes for Sale Months Supply of Inventory June 2017 2018 Percent Change from Previous Year 749 630 $329,113 $354,105 100.3% 47 1,041 2.0 739 610 $345,226 $369,431 100.3% 49 855 1.6 - 1.3 % - 3.2% + 4.9% + 4.3% 0.0% + 4.3% - 17.9% - 20.0% *Dues not account for seller concessions and/or down payrrnerli assistance. Townhouse -Condo Key Metrics New Listings Sold Listings Median Sales Price* Average Sales Price* Percent of List Price Received* Days on Market Until Sale Inventory of Homes for Sale Months Supply of Inventory Activity for one month can Year to Date Percent Change Thru 06-2017 Thru 08-2018 from Previous Year 3,891 2,907 $320,000 $341,447 100.0% 58 4,068 3,101 $342,437 $371,012 100.1% 55 + 4.5% + 6.7% + 7.0% + 8.7% + 0.1% - 5.2% MAN w sometimes look extreme due to small sample size. June 2018 Percent Change from Previous Year 91 53 $251,000 $253,052 100.5% 44 76 1.4 65 61 $265,000 $264,410 100.4% 65 69 1.4 - 28.5% + 15.1% + 5.6% + 4.5% - 0.1% + 47.7% - 9.2% 0.0% " Does not account for seller concessions and/or down payment assistance. Median Sales Price - Single Family Rolling 12 -Month Calculation $400,000 $350,000 $300,000 $250,000 $200,000 Year to Date Percent Change Thru 06-2017 Thru , -2018 from Previous Year 388 303 $233,900 $236,884 100.4% 58 393 300 $240,750 $251,511 100.4% 58 + 1.3% - 1.0% + 2.9°f + 6.2% 0.0% 0.0% Activity for one month can sometimes look extreme due to small sample size. Statewide Weld County $150,000 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Median Sales Price - Townhouse -Condo Rolling 12 -Month Calculation $300,000 $250,000 $200,000 $150,010 Statewide Weld County $100,000 I 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Current as of July 5, 2018. All data from the multiple listing services in the state of Colorado. Report 2018 ShowingTime. Make Sure Your Agent is a REALTORS Local Market Update for January 2018 A Research Tool Provided by the Colorado Association of REALTORS® Not ail agents are the same! 1[ A Li0 REALTORS - Weld County Contact the Fort Collins Board of REALTORSID, Greeley Area REALTOR ID Association, Longmont Association of REALTORS O, Boulder Area REALTOR *D Association, or Northern Colorado Commercial Association of REALTORS +D for more detailed local statistics or to find a REALTOR in the area. Single Family Key Metrics New Listings Sold Listings Median Sales Price* Average Sales Price* Percent of List Price Received* Days on Market Until Sale Inventory of Homes for Sale Months Supply of Inventory January 2017 2018 Percent Change from Previous Year 478 373 $295,000 $326,447 99.5% 65 705 1.4 535 292 $327,500 $345,597 99.9% 62 737 1�5 + 11.9% - 21.7% + 11.0% + 5.9% + 0.4% - 4.6% + 4.5% + 7.1 *Dues not account nor seller concessions and/or down payrrneni assistance. Townhouse -Condo Key Metrics New Listings Sold Listings Median Sales Price* Average Sales Price* Percent of List Price Received* Days on Market Until Sale Inventory of Homes for Sale Months Supply of Inventory Year to Date Percent Change Thru 01-2017 Thru 01-2018 from Previous Year 478 373 $295,000 $326,447 99.5% 65 535 292 $327,500 $345,597 99.9% 62 + 11.9% -21I% +11.0% + 5.9% + 0.4% - 4.6% Activity for one month can scinetimes look extreme due to small sample size. January Percent Change from Previous Year 53 46 $235,000 $237,431 99.8% 93 42 0.8 49 37 $240,000 $240,267 99.2% 38 63 1.3 - 7.5% - 19.6% + 2.1% + 1.2% -0.6°l 59.1% + 50.0% + 62.5% " Does not account for seller concessions and/or down payment assistance. Median Sales Price - Single Family Rolling 12 -Month Calculation $400,000 $350,000 $300,000 $250,000 200,000 Activity for one month can Statewide Weld County $150,000 -I 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Year to Date Percent Change Thru 01-2017 Thru 01-2018 from Previous Year 53 46 $235,000 $237,431 99.8% 93 49 37 $240,000 $240,267 99.2% 38 MI MI - 7.5% - 19.6% + 2.1% + 1.2% - 0.6% - 59.1% sometimes look extreme due to small sample size. Median Sales Price - Townhouse -Condo Rolling 12 -Month Calculation $275,000 _ $250,000 $225,000 - $200,000 $175,000 $150,000 $125,000 - $100,000 Statewide Weld County 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Current as of February 5, 2018. All data from the multiple listing services in the state of Colorado. Report © 2018 ShowingTime. Comparable Report: 19013 COUNTY ROAD 15 WELD Walden 0 Red Feather Lakes O Arapaho Roosevelt Nation& Forest.._ Rocky r count nr1 National Park Arapaho and Roosevelt National Forests Subject R2226903 287' Fort !Do I li O Windsor¢ Greeley 0 Lovel Denver 0 O Lakewood° Aurora Comp #1 R8066099 Comp #2 R5705786 Pawnee National Grassland Fort Morgan° 19013 COUNTY ROAD 5341 RED TAIL CT 4143 COUNTY ROAD 7 Distance N/A Sale Price N/A 15 WELD 1.5 miles WELD 15 miles WELD Brush O Sterling0 .k on° r�9 D th3t3 el20.19Gcc•gl& Comp #3 R0705301 37001 SOARING EAGLE CIR SEVERANCE 18 miles Sale Date N/A Time Adj Sale Price* N/A Residential SqFt 2,934 Land Acres 14A7 Built As 2 Story Year Built 2002 Total Bsmnt SqFt 1,709 $917,500 31 Mar 2017 $917,500 2,805 13.82 2 Story $925,000 14 Jun 2018 $923,500 2,808 18 2 Story $885,000 25 Aug 2017 $876,148 2,527 9.43 2 Story Finished Esmnt SqFt 1,709 Garage Attached SqFt 977 2000 2,089 1,364 962 1964 Garage Detached SqFt 0 Buildings Outbuilding SqFt Commercial SqFt Accounts In Sale Total Acres in Sale 0 2 2,560 0 N/A N/A 2 3,600 0 1 13.82 0 0 1,560 0 6 4,020 0 1 18 2002 _ 1,744 1,520 1,002 0 2 2,150 0 1 9.43 * Time Adj Sale Price includes market appreciation from the sale date tO the end of the base period, 6/30/2018 Hello