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Home My WebLink About20152408.tiff 1861 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 COUNTY GREELEY CO 80632 September 2, 2015 GREENE STEVE 1026 CESSNA CT ERIE, CO 80516-4734 RE: THE BOARD OF EQUALIZATION 2015, WELD COUNTY COLORADO APPROVAL OF STIPULATION BETWEEN PETITIONER AND ASSESSOR ACCOUNT NO.: R3271104 Dear Petitioner: On July 30, 2015, 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 your request to approve and adopt a valuation of your property arrived at by a Stipulation between you and the Weld County Assessor, for the year 2015. The Board of Equalization found that the evidence presented at the hearing supported the stipulated value placed upon the above-described property as set forth below. Such evidence indicated the value was reasonable, equitable, and derived according to the methodologies, percentages, figures and formulas dictated by law. ACTUAL VALUE AS STIPULATED VALUE DETERMINED BY ASSESSOR APPROVED BY BOARD $715,000.00 $700,000.00 The above `Stipulated Value' is the value which will be used in the calculation of your property taxes for 2015. This value is not appealable. If you have questions concerning the above information, please call me at (970) 336-7215, Ext. 4226. Very truly yours, ry 1 e Esther E. Gesick, Clerk to the Board Weld County Board of County Commissioners Cc: Christopher Woodruff, Weld County Assessor 2015-2408 AS0091 N COUNTY BOARD OF EQUALIZATION WELD COUNTY Single County Schedule Number 83271104 STIPULATION(As To Tax Year_2015_Actual Value) RE PETITION OF : NAME: Steve Greene ADDRESS: 1026 Cessna Ct Erie,CO 80516 Petitioner(s)and the Weld County Assessor hereby enter into this Stipulation regarding the tax year 2015 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: L 17 VISTA RIDGE FG I D 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 2015: Total $715,000.00 4. After further review and negotiation, Petitioner(s)and Weld County Assessor agree to the following tax year 2015 actual value for the subject property: Total $700,000.00 5. The valuation,as established above,shall be binding only with respect to tax year 2015. 6. Brief narrative as to why the reduction was made: Reduced due to review of sales comparables 7. Both parties agree that: ®The hearing scheduled before the Board of Equalization on July 29 at 3:50pcn be vacated. DA hearing has not yet been scheduled before the Board of Equalization. 83271104 1 C oZoi� 029°f adr'tv DATED this 28th day of July, 2015. PS Petitioner(s) or Agent or Attorney (Assistant)County Attorney for Respondent, Weld County Board of Commissioners Address: Address: 64, , 1150"O" Street P.O. Box 758 t Greeley, CO 80632 Telephone > 5? -Ly3t C, Telephone:(970) 336-7235 County ;As ssor f _� 1 Address: 1400 N.17th Avenue Greeley, CO 80631 Telephone: (970) 353-3845 ext. 3697 Docket Number Stip-1.Frm R3271104 2 Christopher M.Woodruff, Weld CountyAssessor Valuation Report Of Residential Improved Property For County Board of Equalization GREENE STEVE Petitioner vs. Weld County Assessor's Office Respondent Parcel Number: 146732244017 Schedule Number: R3271104 Appeal Number: 2008210265 Date: 29-JUL-15 Time: 3:50 PM Board: 1 Prepared By Assessor's Office StaffAppraiser Brian Bishop Assessor's Indicated Value RESIDENTIAL $715,000 TOTAL: $715,000 Subject Photo ---7-47...--------___ C-- ___________________ _ ___ ____ ___\±-±jill____ __ _ - - I : , - ! - —--- -----:---Asitii -A.::-.,,,. ; =a-. , _I= . .r. ..____ ==.... , , _te:. ___ _, . _________r___________. a ... _____,„), ,__ ___ ...a. . ....._______ _ ....1...., ____,. ., i 1 . . _t_ :: :: :, „ „ :: ::, 2 .r _ _ `s � ^yam}..�f�e' ` f Tye - 01/2T/2015 A : 40 General Description and Market Summary Subject Site and Improvements The subject property is located at 1026 Cessna Ct. in Erie. The legal description of the property is ERI 1DVR L17 VISTA RIDGE FG 1D. The subject is a frame hardboard house constructed in 2012. It has 3626 square feet of finished living area above grade. There is 1612 square feet of basement, of which none is finished. There is an 828 square foot garage. There are 4 bedrooms and 4 bathrooms. The Assessor has classified the structure as a 2 Story home of good quality construction. The assessor completed an exterior inspection on July 27, 2015. Market Approach Summary The subject property has been classified as Residential for assessment purposes. Residential property value shall be determined solely by consideration of the Market Approach to Value {39-1- 103 (5) (a), CRS}. As required by 39-1-104(10.2), CRS, the market value is determined by utilizing data from the period of one and one-half years immediately prior to June 30th, 2014. If sufficient comparable valuation data is not available within the eighteen-month time period, the assessor shall use market data from the five year period immediately prior to June 30th, 2014. When appropriate, all sales are to be time adjusted to the appraisal date of June 30th, 2014. Although the appraisal date is June 30, 2014, the physical characteristics are reflective of the property as of January 1, 2015. The comparable sales in this report were selected using county records and the Multiple Listing Services. The Weld County Assessor's Office has verified that the comparable sales are arms-length transactions based on review of the Real Property Transfer Declaration, telephone or personal confirmation interviews and physical inspections to confirm property characteristics at the time of sale. DEFINITION OF MARKET VALUE: The most probable price, as of a specified date, in cash, or in terms equivalent to cash, or in other precisely revealed terms, for which the specified property rights should sell after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently, knowledgeably, and for self interest, and assuming that neither is under undue duress. {The Appraisal Institute} The market value of the property as of June 30th, 2014is: Assessor's Indicated Value RESIDENTIAL $715,000 TOTAL: $715,000 Comparable 1 1 IX _ / 'C7.-(--tH--t: ,r4001h6. -A.......-Am...-... 7 444i il 4. LI ir•, Iille g SillL . 4/' Odly . • Comparable 2 A . r a. - ' ink _n• air - qyr, son ow O7702710 SA g 94.410 Comparable 3 1 • 1,14 r. ' 1 s_ tee- 1 1. _ '!"�E_ "�'rgrq I • Ot1i 12O11§_-941:_^ a .• a 0.3010 11 • 0.453 . 0.4 012 037 0.398 Ot rr�f'•ti. 33 028r•:::r..... ...c, •iVrh.••.•N..:•:rtiV c. ::;:)::::::::::it :tic •;::::.:. '::•: 0.448 004 is .fti :.v:•::: Comparable 1 :::f : . ..;1% �,�{��r $ter:. ; ;Y•: :{fr'.-0ti?{ti;•r,:' : r::r 0.441 005 .. .tix r 4:v :;. :�: : :xssss' ' • r:•'.: : .•;tir• Comparable 3 %i.e.;.:•..• •••.7L r.Vr:� •• : ........•:•:•... . s•::i;tif ;•:h•.• . •:r. •f::•;.•': •• • •. ••▪ •▪ •• : ; •........ 716.852 052 •:.▪ ��rii�inwwr}▪ •▪• %%:.;r.•.:;ti•:•Cs ' C.:.:.:.%: 03 6 :.:: •:.. .• 0.295 Cessna Ct jam••" :f::ti•s: . .. i ... M I Comparable 2 L V Q ft 0.323 006 0.128 0.328 007 t13b I `omp3ra • le Q -_ -- --___ 0.545018 0.385 008 02 5 i i Iii i 0.491 009 Time Adjusted Sales Prices By law, sales prices are time adjusted to the appraisal date of June 30, 2014. An adjustment for time is made if during the sales collection period of January 2013 to June 30, 2014 the sale prices of properties have appreciated or depreciated due to inflation or deflation . We refer to the adjustment as a 'time' adjustment, although it is market conditions that are changing over time that creates the need for the adjustment. If market conditions have not changed, no adjustment is required even though considerable time may have elapsed . {C. R.S. 39-1-104 . ..said level of value shall be adjusted to the final day of the data- gathering period. } Sales and resales of the same or similar properties are a good indication of the changes in market conditions over time. In addition, we run simple linear regression where we graph the sales and the month the sale occurred to indicate the trend of the market. This trend is tracked as a monthly rate of change. Since we consider one of the most important aspects of market value to be location, we determine our time trends by location, also known as economic area or neighborhood, and by the use of the property (vacant land, residential, commercial ) . This neighborhood had 266 sales and indicates a time adjustment of .69,E per month . 1 .i_;,Th O O 1 .4o- O O O O O O O ° ° O O ° O 8 oo o O O O ° O O ® O O O 1 `,-, o o O O 0 ° O 0 0 0 Q O °O 8 O ° O o - � O 8 ° o e O 0 O O O 8 a O ° ° O0 @ o cn ---'---cr o O ® B 8 O ® O 1 .00- 8 0 6 o o :11: O 9 0 8 8 8 9 8 0 0 0 8 0 0 8 ® O O 8 8 ° 0 0 0 O O O O - O ; - - o O R2 Linear = 0.053 1_;I I- I I I I I .00 ::.0O 10.00 15.00 20.00 TIMEINTV WELD COUNTY ASSESSOR'S Sales Comparables Market Adjustment Grid Subject Comp # 1 Comp # 2 Comp # 3 Sale Date 06;21/2013 03105/2013 03131.2014 Sale Price $0 658300 654200 723900 TmAdj Sale Price $0 710179 705453 728699 Parcel Number 146732244017 146732244013 146732244015 146732244014 Account Number R3271104 R3270704 R3270904 R3270804 Street Address 1026 CESSNA CT 1017 CESSNA CT 1035 CESSNA CT 1027 CESSNA CT TOTALIMPSF 3626 3628 SO 3750 SO 4485 SO TOTALLANDSF 22824 19892 SO 18779 SO 23377 $0 NBHDANDEXT 3013 - 02 3013 - 02 SO 3013 - 02 SO 3013 - 02 $0 OCCUPANCY Single Family Resid Single Family Residentiz $0 Single Family Residentiz SO Single Family Residentiz $0 Quality Good Good $0 Good SO Good $0 Condition Typical Typical SO Typical $0 Typical $0 Built-As Description 2 Story 2 Story SO 2 Story SO 2 Story $0 Residential SF 3626 3628 ($120) 3750 ($7,440) 4485 ($51 ,540) Baths 4 4 $0 4 SO 4 $0 Basement Sq Feet 1612 1612 S0 1654 ($857) 2119 ($10,343) Basement Finish 0 0 SO 0 SO 0 SO Basement Walkout 1 1 50 1 50 1 $0 Garage Total SF 828 828 $0 886 $0 895 $0 Garage - Attached 828 828 SO 886 ($2,714) 554 $12,823 Garage - Detached 0 0 SO 0 SO 341 ($9,412) Bonus Room - Tot SF 0 0 SO 0 $0 0 $0 Land Adjustment 207698.40 181017 526,681 170889 536,809 212731 ($5,033) Out Building Adjustment 0 0 $0 0 SO 0 SO Year Built 2012 2013 $0 2012 $0 2013 $0 Adjusted Year Built 2012 2013 ($500) 2012 SO 2013 ($500) Final Market Value $715.000.00 S Adjustment $26,061 .40 S Adjustment S25,798.20 S Adjustment ($64.003.60) Final Market Value / SF $197. 19 Gross % Adjustment 3.8443% Gross % Adjustment 6 7787% Gross % Adjustment 12.3028% Net % Adjustment 3 6697% Net % Adjustment 3 6570"/ Net % Adjustment -8 7833% Adjusted Sales Price $736,240.40 Adjusted Sales Pnce $731 ,251 .20 Adjusted Sales Price $664,695.20 Adjusted Sales Price / SF S203.04 Adjusted Sales Price I SF S201.67 Adjusted Sales Price I SF S183.31 NOTICE OF DETERMINATION RECEIVED Christopher M . Woodruff JUL 1 6 2015 Date of Notice : 6/30/2015 Weld County Assessor Telephone : ( 970) 353 -3845 1400 N 17"' Ave WELD COUNTY Fax : (970) 304-6433 Greeley, CO 80631 COMMISSIONERS Office Hours : 8 : OOAM - 5 : OOPM ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/ PHYSICAL LOCATION R3271104 2015 3520 ERI 1DVR L17 VISTA RIDGE FG 1D W GREENE STEVE 1026 CESSNA CT 1026 CESSNA CT ERIE , CO 000000000 o ERIE, CO 80516-4734 H CC a O M a ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW RESIDENTIAL 754, 387 715,000 TOTAL $754,387 $715 ,000 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 : AL02 - The actual valuation of your property has been adjusted based on new information. This may be information you have supplied, corrections of characteristics or additional sales. 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 ) : -7// 2015-2408 APPEAL PROCEDURES County of Equalization Hearings will be held from County Board a_afuau�aaiv.. Hearings.y July 29 through August 5 at 1150 O Street. To appeal the Assessor's decision, complete the Petition to the County Board of Equalization shown below, and mail 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 Tn 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.00v/baa telephone number. Binding Arbitration _ Board For a list of arbitrators, contact the County Commissioners at the address listed for the County 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, § 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, 2014? (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.) $ r9S, coo 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.) ,, t _ pprea.t•ia� �11..e_ eon- krvt r ari% az", •12b1 S (Loves , ` �4e Veal.) k. hn Atop read e-CJ� �Pc�...... -O 1'-/ 4• ZA L5-- I ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and any attach nts hereto are true and complete. 303-579-Y310 7/,3/i.c Signature Telephone Number Date ICo≥O e 311-ka` I. co,� Email Add ess Attach letter of authorization signed by property owner. 15-DPT-AR PR 207-08/13 R3271104 8427292 File No. 1026cessna i APPRAISAL OF I ' , ' • .. ,.. :�<• • UC oG{ 2r c >yv 7..„..„-„,.,::•:::.:.„....„:„:.:.,„:„...„:„...„.. ,..x.:,.- n,G t 1 ,, ' r A 1 ::. 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R •`> dF r \ \ r}r r > ,:....7..,:.“.....:...::.:.... > r r•a v. r • • OCATED AT : 1026 Cessna Court Erie, CO 80516 FOR : Wells Fargo - Home Mortgage 1 Home Campus Des Moines , IA 50328 i I BORROWER : I Steven Greene & Lindsey Greene I 1 AS OF : March 26 , 2015 BY : Karen Lampert I File No. 1026cessna Clear Capital Wells Fargo - Home Mortgage 1 Home Campus Des Moines, IA 50328 File Number: 1026cessna In accordance with your request, I have appraised the real property at: 1026 Cessna Court Erie, CO 80516 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the market value of the property as of March 26, 2015 is: $695,000 Six Hundred Ninety-Five Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final opinion of value, descriptive photographs, limiting conditions and appropriate certifications. Karen Lampert ` i ~�f - A I 4 0 Iii in In I`- s;i 3 I A c‘I n in J --t 0 k in a j J 3 rz 0 CLERK ,, :... TO THE BOARD PHONE ( 970 ) 336 -7215 , EXT 4226 FAX ( 970 ) 352 - 0242 tsiti WEBSITE : www . co . weld . co . us J 'P 1150 O STREET P . O . BOX 758 lijoJuNTY _ GREELEY CO 80632 2-- C July 22 , 2015 GREENE STEVE 1026 CESSNA CT ERIE , CO 805164734 Account No . : R3271104 Dear Petitioner( s ) : The Weld County Board of Equalization has set a date of July 29 , 2015 , at or about the hour of 3 : 50 PM , 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 , 2015 , and mailed to you on or before August 12 , 2015 . 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 obtain the data supporting the Assessor' s valuation of your property , please submit a written request directly to the Assessor' s Office by fax ( 970) 304-6433 , or if you have questions , call ( 970) 353 -3845 . 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 . AS0091 GREENE STEVE - R3271104 Page 2 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 :dattAtA) Licitos•eik Esther E . Gesick Clerk to the Board Weld County Board of County Commissioners cc : Christopher Woodruff, Assessor AS0091 Hello