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Home My WebLink About20172435.tiffAugust 15, 2017 CLERK TO THE BOARD PHONE (970) 336-7215, EXT 4226 FAX (970) 352-0242 WEBSITE: www.co.weld.co.us 1150 O STREET P.O. BOX 758 GREELEY CO 80632 C & D INVESTMENT CO C/O DELBERT GORSLINE 4288 W 14TH STREET DR GREELEY, CO 80634-3125 Account No.: R3566286 Dear Petitioner(s): Based upon information furnished to the Weld County Board of Equalization, we understand that you have withdrawn the petition challenging the valuation of the above Account number. Please be informed that a withdrawn petition precludes any further challenge to the valuation of the above Account number for this assessment period. Therefore, the Board of Equalization took no action on your petition and the assessed value remains as set by the Assessor. Very truly yours, BOARD OF EQUALIZATION Esther E. Gesick Clerk to the Board Weld County Board of County Commissioners cc: Christopher Woodruff, Assessor 2017-2435 AS0097 NOTICE OF DETERMINATION COMMERCIAL Christopher M. Woodruff Weld County Assessor 1400 N 17th Ave Greeley, CO 80631 Date of Notice: 6/30/2017 Telephone: (970) 400-3650 Fax: (970) 304-6433 Office Hours: 8:00AM - 5:00PM ACCOUNT R3566286 2017 0600 C & D INVESTMENT CO C/O DELBERT GORSLINE 4288 W 14TH STREET DR GREELEY, CO 80634-3125 LEGAL ESC RI PTIONI PHYSICAL LOCATION GR 1287-C L8-9-16-17 BLK6 & VAC ALLEY V OLKS ADD 2430 6TH AVE GREELEY, CO RECEIVED JUL 172017 WELD COUNTY COMMISSIONERS A ACTUAL VALU REVIE E :'S VALUATION 411,400 R 411,400 TOTAL $411,400 $411,400 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: CM05 - The law requires that data from Jan 2015 to June 2016 be used to establish current values. We have considered all three approaches to value and we have denied your appeal based upon this data. 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 mill 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): 16-DPT-AR PR 207-08/13 R3566286 2017-2435 APPEAL PROCEDU RES County Board of Equalization Hearings will be held from July 24th through August 4th 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: http.//www.co.weld.co.us/apps/oboe/ To preserve your appeal rights, y Petition to the County Board of Equalization must be postmarked or delivered on or bef a Jul 1 r real property — after such date, your right to appeal is lost. You may be requ' d 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.coiorado.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 falls upon on the next business day, § 39-1-120(3), C.R.S. report, schedule, claim, tax return, statement, remittance, or other document day, or legal holiday, it shall be deemed to have been timely filed if filed PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2016? (Your opinion of value in terms of a specific dollar amount is required for real property pursuant to § 39-8-106(1.5), C.R.S.) $.33/6 ,ODD 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 installed cost, appraisal, etc.) ATTESTATI ON I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on any attachments hereto are true and complete. d AdAhe - A 97) - Signature Telephone Number Char v rs//he e 1alrou C Email Address ' Attach letter of authorization signed by property owner. 7////7 Da 16-DPT-AR PR 207-08/13 R3566286 Account Number R 3,54, 4 2 86 Name F:Invesinienis ea Parcel Number Phone Number qv- 1,1 e-mail araors iYie ®,94,4eo,ea7,7 PERSONAL PROPERTY QUESTIONNAIRE Attach additional documents as necessary. MARKET APPROACH This approach to value uses comparable sales from the previous year to determine the actual value of your property on January 1 of this year. 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, if conducted during the previous year. Have similar properties sold during the previous year? DATE SOLD ITEM SELLING PRICE Based on these sales and accounting for differences between sold properties and your property, what do you believe your property would have sold for on January 1 of this year? a qjS, aD C9 COST APPROACH This approach to value uses replacement cost new, less depreciation, to determine the value of your property on January 1 of this year. Item Estimated Replacement Cost New $ Source lutchanges been made to the property, i.e., refurbishing, reconditioning, addition of components, etc.? NO I [YES If yes, give date, description, and estimate cost: DATE DESCRIPTION OF CHANGE COST Is your equipment in typical condition for its age? If not, why? Based on the original cost of acquisition and the cost of any changes, less depreciation, estimate the total value of the property as of January 1 of this year. $ INCOME APPROACH This approach to value converts economic net income from the previous year into present worth on January 1 of this year. If your property was rented or leased during the previous year, attach operating statements showing rental and expense amounts for this property. If known, list rents of comparable equipment negotiated during the previous year. 4+/A If an appraisal using the income approach was conducted during the previous year, please attach. FINAL ESTIMATE OF VALUE State your final estimate of the property's value. $ 3c.2S; O&C 15-AR-DPT ARL VOL 2 1-84 Rev 10-09 Lock e, ;;?t/;z- «`9 ti , REAL PROPERTY APPEAL FORM If you disagree with the "current year actual value" and/or the classification determined for your property, you may file an appeal by mail or in person with the County Assessor. Completing the Real Property Questionnaire will help you determine an estimate of value for your properly, which can be compared to the value determined by the Assessor. Colorado law requires application of the market approach to value for residential properties (includes apartments) and consideration of the cost, market, and income approaches to value for vacant land, commercial, and industrial properties. REASON FOR REQUESTING A REVIEW: REAL PROPERTY Q ESTIONNAIRE ATTACH ADDITIONAL DOCUMENTS AS NECESSARY (Do not send original documents, they will not be returned.) MARKET APPROACH (ALL PROPERTY TYPES): This approach to value uses sales from the 18 -month period ending June 30, 2016. If data is insufficient during this time period, the Assessor may also consider data from he 5 -year period ending June 30, 2016. Statute 'jrohibits the Assessor from using appraisal data after June 30, 2016; that data will be considered in the 2019 reappraisal. 39-1-104(10.2)(c), C.R.S. To help estimate the market value of your property, please list sales of similar properties that have sold in your neighborhood. A copy of an appraisal prepared prior to June 30, 2016 may be helpful in estimating the market value of your property. DATE SOLD SCHEDULE/ACCOUNT NUMBER or PROPERTY DESCRIPTION or ADDRESS SELLING PRICE Based on the information provided and accounting for differences between sold properties and your property, state the value of your property as of June 30, 2016. COST AND INCOME APPROACH: For vacant land, commercial and industrial properties the Assessor must also consider the cost and income approaches to value. If your commercial or industrial property was not leased from January 2015 through June 2016, please complete the market a )proach section above. To assist the Assessor in evaluating your appeal, and if your property was leased during January 2015 through ,une 2016, please attach an operating statement indicating your income and expense amounts. Attach a rent schedule indicating the square footage and rental rate for each tenant occupied space. If known, attach a list of rent comparables for competing properties. Estimate of value based on cost approach' $ Estimate of value based on income approach: $—_-- AGENT ASSI' NMENT ASSIGNMENT: I authorize the below -named agent to act on my behalf regarding the property tax valuation of the property described herein for the year Agent's Name (please print): Owner's Signature: Please mail all correspondence regarding this protest to the above -named agent at the following address: Daytime Telephone#: Date: OWNER/AGENT V RIFICATION I, the undersigned owner or agent of this property, state that the information and facts contained herein and on any attachments constitute true and complete statements concerning the described property. SCHEDULE/ACCOUNT NUMBER: R 35144 Z S Io (Found above r name on the other side of this form.) Signature: 24 .. Date:7//7f / j Daytime Telephone#: q 7.0 = yf.S-4,44 f Indicate the name, telephone number and email address for a person the Assessor may contact with questions. Name2.4a ...4.,....._.Telephone 974 `/ -b 96Y ... Email °ha _Qrsh)le. 43) j4,400n _ eo, Your right to appeal the property valuation and/or the classification to the Assessorexpires on June'', 2017 It the date for riling any document talk; upon a Saturday, Sunday, or legal holiday, it shall be deemed timely fled if postmarked or delivered on the next business day. 39-1-1?i)(3). G.O.S. Form 8825 (Rev December 2010) Department of the Treasury Internal Revenue Service Rental Real Estate Income and Expenses of a Partnership or an S Corporation D. See instructions. P. Attach to Form 1065, Form 1065-B, or Form 1120S. OMB No. 1545-1186 Name C & D INVESTMENTS Employer identification number 84-0752835 1 Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair rental value and days with personal use. See instructions. See page 2 to list additional properties. Physical address of each property — street, city, state, ZIP code Type — Enter code 1-8; see page 2 for list Fair Rental Days Personal Use Days A 2430 6TH AVE GREELEY, CO 80631 4 366 B _ C D _ Properties Rental Real Estate Income A C D 2 Gross rents 2 65, 850. /B t%� ..u",,eoi �_�C fit/ c,.�tu- �,E4.74 / Rental Real Estate Expenses 3 Advertising 3 e' 40040 "— f 4 Auto and travel 4 5 Cleaning and maintenance 5 1,537. 6 Commissions 6 7 Insurance 7 2,771. 8 Legal and other professional fees 8 500. 9 Interest 9 10 Repairs 10 2,460. 11 Taxes 11 6,980. 12 Utilities 12 4,296. 13 Wages and salaries 13 14 Depreciation (see instructions) 14 4, 010 . 15 Other (list) 0 - SEE STATEMENT 1 15 6,313. 16 Total expenses for each property. Add lines 3 through 15 16 28,867. 17 Income or (Loss) from each property. Subtract line 16 from line 2 17 36,983. 18a Total gross rents. Add gross rents from line 2, columns A through H 18a 65,850. 18bTotal expenses. Add total expenses from line 16, columns A through H 18b —28, 867. 19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real estate activities 19 20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this partnership or S corporation is a partner or beneficiary (from Schedule K-1) 20a b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a. Attach a schedule if more space is needed: (1) Name (2) Employer identification number 21 Net rental estate income (loss). Combine lines 18a through 20a. Enter the result here and on: 21 36, 983. • Form 1065 or 1120S: Schedule K, line 2, or • Form 1065-B: Part I, line 4 BAA For Paperwork Reduction Act Notice, see the separate instructions. SPSZ0101L 03/09/11 Form 8825 (12-2010) .,d25 ,ev December 2010) Department of the Treasury Internal Revenue Service Rental Real Estate Income and Expenses of a Partnership or an S Corporation ► See instructions. P. Attach to Form 1065, Form 1065-B, or Form 1120S. OMB No. 1545-1186 Name C & D INVESTMENTS Employer identification number 84-0752835 1 Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair rental value and days with personal use. See instructions. See page 2 to list additional properties. Physical address of each property — street, city, state, ZIP code Type — Enter code 1-8; see page 2 for list Fair Rental Days Personal Use Days A 2430 6TH AVE GREELEY, CO 80631 4 365 B — C D Properties Rental Real Estate Income A B C D 2 Gross rents 2 59,150. Rental Real Estate Expenses 3 Advertising 3 389. 4 Auto and travel 4 5 Cleaning and maintenance 5 1,260. 6 Commissions 6 7 Insurance 7 3,261. 8 Legal and other professional fees 8 9 Interest 9 31. 10 Repairs 10 3,908. 11 Taxes 11 6,947. 12 Utilities 12 2,713. 13 Wages and salaries 13 14 Depreciation (see instructions) 14 3,272. 15 Other (list) ► _ SEE STATEMENT 1 4,418. 15 16 Total expenses for each property. Add lines 3 through 15 16 26, 199. 17 Income or (Loss) from each property. Subtract line 16 from line 2 17 32,951. 18a Total gross rents. Add gross rents from line 2, columns A through H 18a 59,150. 18bTotal expenses. Add total expenses from line 16, columns A through H 18b —26, 199. 19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real estate activities 19 20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this partnership or S corporation is,a partner or beneficiary (from Schedule K-1) 20a b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a. Attach a schedule if more space is needed: (1) Name (2) Employer identification number 21 Net rental estate income (loss). Combine lines 18a through 20a. Enter the result here and on: 21 / 32, 951. • Form 1065 or 1120S: Schedule K, line 2, or • Form 1065-B: Part I, line 4 BAA For Paperwork Reduction Act Notice, see the separate instructions. SPSZ0101L 03/09/11 Form 8825 (12-2010) WELD COUNTY ASSESSOR CHRISTOPHER M. WOODRUFF 1400 N 17TH AVE GREELEY, CO 80631 DATE: May 1, 2017 2017 REAL PROPERTY NOTICE OF VALUATION Phone: (970) 400-3650, Fax: (970) 304-6433 Office Hours: 8:00 a.m. - 5:00 p.m. M -F appeals@weldgov.com www.weldgov.com TAXPAYER COPY ACCOUNT NUMBER R3566286 TAX YEAR 2017 TAX AREA CODE I 0600 PROPERTY DESCRIPTION (MAY NOT BE COMPLETE) 096117405014 GR 1287-C L8-9-16-17 BLK6 & VAC ALLEY V OLKS ADD P R 0 W PN EE RR T Y' C & D INVESTMENT CO C/O DELBERT GORSLINE 4288 W 14TH STREET DR GREELEY CO 80634-3125 CLASSIFICATION PIOR YEAR ACTUAL VALUE CURRENT YEAR ACTUAL VALUE + OR - CHANGE COMMERCIAL 325,000 411,400 +86,400 TOTALS '', 325,000 411,400 +86,400 Using the above values, the estimated tax based on the prior year value was $6,973. Using the above values, the estimated tax based on the current value is $8,828. This results in an increase of +$1,855. This estimate is based on 2016 tax rates. You will receive a tax bill in 2018. The current year tax amount is merely an estimate based upon the best information available. You have the right to protest the adjustment in valuation, but not the estimate of taxes, 39-5-12 1(1.5). C.R.S. HARACTERISTICS Lu a- O IY a. For specific property characteristic details, please see the Building Information and Valuation information Tabs on your Property Report. PLEASE REFER TO THE BACK OF THIS FORM FOR GENERAL INFORMATION CONCERNING YOUR PROPERTY VALUATION AND YOUR APPEAL RIGHTS. 106382 Hello