HomeMy WebLinkAbout20172300.tiffAugust 9, 2017
Petitioner:
KEAIRNES SANDRA
245 ROCK BRIDGE LN STE 30
WINDSOR, CO 80550-6169
CLERK TO THE BOARD
PHONE (970) 400-4226
FAX (970) 336-7233
WEBSITE: www.co.weld.co.us
1150 O STREET
P.O. BOX 758
GREELEY CO 80632
Agent (if applicable):
RE: THE BOARD OF EQUALIZATION 2017, WELD COUNTY, COLORADO
NOTICE OF DECISION
Docket #: 2017-2300 Appeal #: 2008216884 Hearing Date:
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. Section 39-8-101 et seq., considered
petition for appeal of the Weld County Assessor's valuation of your property described above, for the year
2017.
Account # Decision
The Assessment and valuation is set as follows:
Actual Value as Actual Value as Set by
Determined by Assessor Board
R8281600 Stipulated - Approved
Stipulated Value
$230,240 $211,000
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. Section 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, 2016, MUST comply with the
following provisions of C.R.S. Section 39-8-107(5):
(5)(a)(I) On and after August 10, 2011, 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 section 39-8-108(1) or a denial of an abatement of taxes pursuant to section 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. Section 39-8-108(1), the rules of Colorado appellate
review and C.R.S. Section 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. Section 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,
Esther E. Gesick, Clerk to the Board
Weld County Board of County Commissioners
and Board of Equalization
Cc: Christopher Woodruff, Weld County Assessor
COUNTY BOARD OF EQUALIZATION
WELD COUNTY
$inge CountySchedule Number 88281600
A•�iYaa rirtw !„!Y fb'!!•1es r r e+!!1Y w_� e►�, a e4 -T �4; �'9's i;?a i� tby •w•.IfYSRrYaaasas-STIPULATION (As To Tax Year 20173/4_ Actual Value)
RE PETITION OF : R8281600
NAME: KEAIRNES SANDRA
ADDRESS: 245 ROCK BRIDGE LN STE 30
WINDSOR,C0
Petitioner (s) and the Weld County Assessor hereby enter into this Stipulation
regarding the tax year 2017 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:
1. The property subject to this Stipulation is described as:
WIN 3WV L30 WATER VALLEY SUB #3
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 2017:
Total $230,240.00
4. After further review and negotiation, Petitioner (s) and Weld County Assessor
agree to the following tax year 2017 actual value for the subject property:
Total 211,000
5. The valuation, as established above, shall be binding only with respect to tax
year 2017.
6. Brief narrative as to why the reduction was made:
After further review of sales was able to lower value.
7. Both parties agree that:
DThe hearing scheduled before the Board of Equalization on (Date) at
(Tine) be vacated.
jZjA hearing has not yet been scheduled before the Board of Equalization,
R8281600
l
DATED this 19 day of July, 2017.
ti
Pe ttibnet s or ent or Atteme
Address:
y
Telephone: 97D3OSO51be
Docket Number
Stip-1
R8281600
(Assistant) County Attorney for
Respondent, Weld County Board of
Commissioners
Address:
1150 "O" Street
P.O. Box 758
Greeley, CO 80632
Tel - one:(970) 336-7235
County Assessor
Address:
1400 N.17th Avenue
Greeley, CO 80631
Telephone: (970) 353-3845 ext. 3697
2
NOTICE OF DETERMINATION
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 — 5:00Phl
7.`.
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R8281600
2017
0451
WIN 3Wid L30 WATER VALLEY SUB #3
245 ROCK BRIDGE LN
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CO 80550-6169
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WELD COUNTY
COMMISSION
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230,240
230240
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The Assessor has carefully studied all available information, giving particular attention to the
specifics included on your protest. The Assessors determination of value after review is based on
the following:
AL01 - Your property has been unifomily valued following Colorado law. Your protest of value has
been denied due to comparison of other similar properties which sold during the 2015/2016 time
period.
If youdisagree with the Assessor's decision, you have the right to appeal to the Count,
Board of Equalization for further consideration, § 39 8-1 06(1)(a),C.R.S.
The deadline for filing real property appeals is July +1 .
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 furl
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-PR 207-08' 3
R82816(0
5 •
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?'r { •p :r. d: ri..Jr. .y. ::�;: • �c. -,,.?-r,.i:'. : •{c.•r"`'`.•^• • .
*;*;."2'••\':`yyLC;•• \" 'l..:' ::r. .y :.ry, J ••F.: ti_• .•� �- ,- r.:• ti� ';n •{.
County Board of Equalization Hearings will be held from
July 24th through August 4th at 1150 0 street.
To appeal the Assessor's decision, complete the Petition to the County unty 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 0 Street, P.O. Box 758
Greeley, CO 80831
Telephone: (970) 356-4000 ext, 4225
Online: http: jr .co.weid.co,us/a ps/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, at 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), CSR . 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, § 39562-125(1)(e), CURS.
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
1313 Sherman Street, Room 31p
Denver, CO80203
(303) 886-5880
www, d o t a, Colorado . q ov/baa
Binding Arbitration
For a list of arbitrators, contact the County Commissioners at the address listed for the County Board
of Equalization4
If the date for filing any report, schedule, claim, tax returns 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, 39-1-120(3), a R .
t•
District Court
Contact the District Court in the County
where the property is located. See your
local telephone book for the address and
telephone number.
Witirtteit4
'y • r . . _ .r ..
•
What is your estimate of the property's value as of June 30, 2016? (Your opinion of value in terms of a
specific dO13T amount is required for real property pursuant to § 3943406(1 p 5)1 . R, . )
$ ;Zoe O'O.
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.)
R'o ‘---ithfrei0O 2 stin Saks of 15+11er annum homes a., .
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"•l•"�" 115. l�..4'.....r.�+...'}:�:•{:S�'ri{if:.l'Y f•L•1•fd •JC••. ••gh••••�•h•••Y ♦V:e ••1.•, ••.A.•:IfN•••••,.:Sh..•6':�:�e:l.''/L'tYY:S. A�.J..Yi.•t:�"A ��'[s•.
it 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.
Signature
y 1 erse
Email Address
rna,g Ito Wi
210
Telephone Number
Number
1 Attach letter of authorization signed by property owner.
TULL/ 137 teli-017
Date
1 6,'DPT-AID
PR 207-08/13
R8281600
To: Weld County Board of Equalization
From: Sandra Keairnes
Date: July 13, 2017
Be: Appeal of Property Valuation on R8281600
Property: 245 Rock Bridge Ln, Windsor, CO, 1202 finished sq. ft., unfinished basement, 2 story
townhome
Valuation: Prior $171,866 ($143/sq. ft.)
Proposed $230,240 (an increase of $58,374, or 34% to $192/sq. ft.)
My request to the assessors office to reduce the property valuation at this location was denied. I am
submitting a further appeal to the Board of Equalization for their review. It is not about the increase in
taxes that I am concerned, but I honestly feel the increase is not reasonable according to the data I have
found in my research.
I have enclosed a comparison report from Sage Oglesby at RE/MAX on 3 townhomes in the North Water
Valley area sold during the valuation period that show sales prices are all below my proposed valuation,
and they all have more square feet than my townhome does! The sale prices are from $118/sq. ft. to
$149/sq. ft. Even if I use the highest square foot valuation of $149/sq. ft., the valuation on my
townhome would be approx. $180,000. I believe my townhorne should be valued at $200,000 or
$166/sq. ft., which seems to be a reasonable increase of 16.4% or $28, 134 from 2015.
I have also enclosed a copy of the Northern Colorado Real Estate Market Update, dated January, 2017,
from The Group, Inc. showing the average sales price increase from quarter 1 of 2015 to quarter 1 of
2017 for the Windsor area has increased only 2.37%.
One additional comment is that my next door neighbor's townhome at 247 Rock Bridge Ln., which is
1,544 sq. ft. has a valuation of $231,000 or $150/sq. ft, As you can understand, I see a definite
inequality in the valuation of the townhomes when you consider the value per sq. ft., for sure.
My townhome has 2 bedrooms, both on the 2nd floor and the washer and dryer hookups are in the
basement, possibly making it difficult for an older person to navigate the stairways. While 1
acknowledge the location is great, and the value has increased, I have found no evidence to support the
34% increase, nor the $192/sq ft. value. I respectfully, ask for the Board to consider my request.
Sincerely,
Ara
Sandra Kea i rnes
970-305-0516
7/417
3 Up - Comparison Report
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Sage Oglesby
Call: 970-324-3412
Or Email: sageo@remax.net
73
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Prepared By: Sage Oglesby -• Jul 6, 2417 8:38:58 AM
Information deemed reliable but not guaranteed. MLS =tent and Images Copyright 1995-2017, IRES U.C. An rights reserved.
https:/M ww.iresls.comerILS#Sear indextcfm?Action4.aunchReports
111
I contents
2017 QI NORTHERN COLORADO REAL
ESTATE MARKET UPDATE
FACES OF THE GROUP
GROUP NEWS
HOMES OF DISTINCTION
Lifestyle Custom Homes By Ed Rust
4-7
22
24
25
home and commercial listings
Fort Collins
Loveland •
Windsor •
Greeley •
Outlying Areas
New Home Neighborhoods 26
Available Properties 32
on the cover
thegroupinc.corn
Y
Address: 4112 Watercress Drive, Johnstown, CO
Price: $875,000 Contact:
Bed/Bath: 4/5 Melissa Doherty
Broker Associate/Partner
Square Feet: 4,890 970.3913800
MLS#: 812243 mdoherty@thegroupinc.com
This magnificent 2 story is presented by Lifestyle Custom Homes By Ed Rust.
Stunning woodwork & stone throughout welcome you the minute you enter
the home. Gourmet kitchen with Jenn Air highend appliances fridge included,
custom cabinets and custom island displaying Lathered granite. Grand Stone
Fireplace wrapped with stone all the way up to 2nd floor ceiling. True master
retreat with walk out deck, barn doors lead you to the luxury master bath and
master closetfeaturing stack -able washer/ dryer combo. Covered back patio with
builtirt BBQ a true extension of the living space. Walkout basement (buyer can
choose to finish). Smart home technology with a charging station built into our
dropzone. Backs to open space ex views of Big Thompson River & Longs Peak.
4112watercress.thegroupinc.com
Northern Colorado Real Estate SOURCE I 3
NORTHERN COLORADO REAL ESTATE MARKET UPDATE I Q1 2017
REGION -WIDE AVERAGE
HOME PRICE APPRECIATION
SUPPLY OF LOTS IN THE
REGION THAT ARE READY
FOR CONSTRUCTION
Rate of Home Price Appreciation Slows Down
With three months behind us in 2017, we are begin-
ning to recognize a shift toward normalization in home
price appreciation across most of Northern Colorado.
With the notable exception of Estes Park (more on that
later), average price increases have stopped short of 10
percent through the first quarter for the rest of region's
sub markets.
Compared to the first quarter of 2016, average price
appreciation is 7.4 percent region -wide. Last year
at this time the regional average increase was 10.9
percent. The Greeley -Evans sub -market comes
close to the double-digit threshold at 9.6 percent,
Otherwise, we see Windsor -Severance at 2.3 percent,
Fort Collins-Wellington-Timnath at 5.5 percent, and
Loveland -Berthoud at 5.9 percent The collective
sub -market of smaller Weld County towns, which
includes Ault, Eaton, Johnstown and Milliken, saw
5.4 percent price appreciation.
Estes Park is the outlier. We've seen average prices
there soar by 27.4 percent when compared to the end
of the first quarter of 2016. In dollars, that's an aver-
age increase of nearly $100,000 per sale. With only 60
closings during the quarter in Estes Park, we know that
averages can be heavily influenced by a small number
of high -end sales. Nevertheless, it bears watching to see
if this steep price spike will continue in the Estes Valley
this year.
So, what's contributing to the broader calming effect
on prices in Northern Colorado? The answers aren't all
in, but we can say in the case of the Windsor -Severance
sub -market that new construction is increasing the
availability of affordably priced housing. We can also
say this: If you think lower demand will be a factor in
keeping prices down, think again. It's still a safe bet that
the total number of home sales across the region will
increase in 2017.
AVERAGE FIRST-QUARTER SALES PRICES FOR EACH
LOCAL SUB -MARKET FROM 2015 TO 2017
SUB -MARKET O1 2015
O1 2016 % CHANGE
O1 2017
% CHANGE
I /Tiirnnath/Wellington
Greeley/Evans
Loveland/Berthoud
Windsor/Severance
Ault/Eaton/Kersey/Milliken/
Johnstown/LaSalle/Mead
Estes Park
TOTAL
4 Northern Colorado Real Estate SOURCE
$322,622
$208,460
$300,228
$395,966
$292,591
$331,503
$292,591
$360,883
$236,949
$344,583
$398,735
$324,633
$364,190
$324,633
11.8.E
137%
14.8%
0.07%
10,9%
9.9%
10.9%
$380,834
$259,693
$364,805
$407,962
$348,704
$464,051
$348,704
5.5%
9.6%
5.8%
23% 7.4%
27.4%
14%
In addition to the slowing pace of prices, here some
noteworthy highlights in the local real estate market for
the first quarter of 2017:
• Lack of housing inventory in Northern Colorado
remains a major factor for buyers and sellers
alike. We're also seeing a slim supply of
permit -ready housing lots in the region.
Based on a report by Metrostudy, the supply
of lots that are ready for construction
is 5.5 months. Considering that it takes two
years to bring lots to market, that means
a 24 -month supply would be considered
equilibrium. If you're looking for reasons that
price appreciation could move back above
double-digit rates, this one could make a
difference.
• While quick sales and multiple offers seem
commonplace in the local market, that's not the
case in the high -end market. At The Group Inc.,
for example, we sold 114 homes in the last week
of March, but only 7 of those - representing just
6.2 percent - were above $700,000. That further
reinforces why the opportunity for move -up
buyers is the strongest it's been in decades.
• Speaking of normalization in prices, the
apartment market is experiencing a calming
trend as well. With apartment construction
booming over the past two years, it now
seems we're reaching the saturation point.
CoStar reports that rents are down about
4 percent from a year ago, and that 11 percent
of local apartment communities are offering
at least one month free as an incentive. CoStar
predicts rents in Fort Collins will resume an
upward direction, but at a more modest annual
rate of 2.4 percent over the next four years.
MORTGAGE RATES
MARCH 2017 MARCH 2016 MARCH 2015
SOURCE: EREDOFEMAC.COM
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