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Home My WebLink About20142345.tiff �rl 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 CO U T YT GREELEY CO 80632 July 29, 2014 JBS USA LLC 1770 PROMONTORY CIR GREELEY, CO 80634-9039 Account No.: P0003960 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Petitioner(s): Based upon information furnished to the Weld County Board of Equalization, we understand that you have withdrawn the petition challenging the valuation of the above Account number. Please be informed that a withdrawn petition precludes any further challenge to the valuation of the above Account number for this assessment period.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 a,.v . -ok Esther E. Gesick Clerk to the Board Weld County Board of County Commissioners cc: Christopher Woodruff, Assessor UHY ADVISORS SALT LLC 2929 ALLEN PARKWAY 20 FLOOR HOUSTON, TX 77019 2014-2345 AS0088 Esther Gesick From: Sean McElroy Sent: Tuesday, July 29, 2014 9:44 AM To: Esther Gesick Cc: CRischan@uhy-us.com Subject: FW: JBS Beef Packing Plant Appeal Hi Esther, Is the below email enough for you to withdraw the appeal for JBS USA LLC P0003960? I have copied Chris their agent on this email. Please let us know if they need to contact you directly. Sean McElroy Weld County Assessor's Office Natural Resources&Commercial Personal Property Phone: 970 353-3845 or 720 652-4255 ext. 3693 Fax: 970 304-6433 smcelrov@weldgov.com oVN Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Rischan, Chris [mailto:CRischan@uhy-us.com] Sent: Tuesday, July 29, 2014 9:31 AM To: Sean McElroy Subject: RE: JBS Beef Packing Plant Appeal Sean, We will go ahead and withdraw the appeal for this account for 2014, but would like to discuss this account earlier next year. What is the correct method for withdrawing? We haven't received the hearing notification. Will you be the person to talk to about this next filing season, or are accounts routinely rotated? Also, if we can get the information in time for the annual filing, would it be better to submit for consideration with filing? Thank you, Chris Confidentiality and Circular 230 Notices: IMPORTANT:If this communication contains statements concerning taxation,those statements are provided for information purposes only,are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal,state,local or other tax statutes or regulations,and do not resolve any tax issues in your favor.Upon request,we can provide you with express written tax advice after necessary factual development and subject to such conditions and qualifications as we may deem appropriate in the circumstances. 1 This electronic mail message and any attached files contain information intended for the exclusive use of the party or parties to whom it is addressed and may contain information that is proprietary,privileged,confidential and/or exempt from disclosure under applicable law.If you are not an intended recipient,you are hereby notified that any viewing,copying,disclosure or distribution of this Information may be subject to legal restriction or sanction.Please notify the sender,by electronic mail or telephone,of any unintended recipients and delete the original message without making any copies. UHY Advisors,Inc.provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of"UHY Advisors." UHY Advisors,Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors,Inc.and its subsidiary entities.UHY Advisors,Inc.and UHY LLP are U.S.members of Urbach Hacker Young International Limited,a UK company,and form part of the international UHY network of legally independent accounting and consulting firms."UHY"is the brand name for the UHY international network.Any services described herein are provided by UHY Advisors and/or UHY LLP(as the case may be)and not by UHY or any other member firm of UHY.Neither UHY nor any member of UHY has any liability for services provided by other members. From: Sean McElroy [mailto:smcelrov@co.weld co.us] Sent: Monday, July 28, 2014 5:24 PM To: Rischan, Chris Subject: RE: JBS Beef Packing Plant Appeal Chris, I do not think that we will be able to resolve this today my supervisor thinks that we have accounted for enough obsolescence with the reduction in the lives that we applied that resulted in the$7,837,435 reduction in value already in place for the account. Thank you for your time and the additional information. I will inform you of any additional thoughts that we have for regarding the valuation of this facility. Sean McElroy Weld County Assessor's Office Natural Resources& Commercial Personal Property Phone: 970 353-3845 or 720 652-4255 ext. 3693 Fax: 970 304-6433 smcelroy@weldgov.com Oi r Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication.Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Rischan, Chris [mailto:CRischan©uhv-us.com] Sent: Friday, July 25, 2014 2:13 PM To: Sean McElroy Cc: Clark, Ted Subject: RE: JBS Beef Packing Plant Appeal Sean, I appreciate your use of head count as a determination of general economic trends of the facility, however head count and maximum facility capacity are not a direct correlation. The facility capacity is certainly under-utilized as they are not running a full 3 shifts seven days per week. In fact they are currently only utilizing the facility for two shifts six days per week. Thus based on time they are only utilizing the facility for 12 shifts out of a possible 21 weekly shifts, or 57.14% based on time. 2 Thus, prior years head count may help indicate an economic trend, but it is not representative of the potential capacity that may be produce from the facility as it is the assets not the people for which we are determining a valuation. I hope this helps clarifies our thoughts. Thanks, Chris Confidentiality and Circular 230 Notices: IMPORTANT:If this communication contains statements concerning taxation,those statements are provided for information purposes only,are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal,state,local or other tax statutes or regulations,and do not resolve any tax issues in your favor.Upon request,we can provide you with express written tax advice after necessary factual development and subject to such conditions and qualifications as we may deem appropriate in the circumstances. This electronic mail message and any attached files contain information intended for the exclusive use of the party or parties to whom it is addressed and may contain information that is proprietary,privileged,confidential and/or exempt from disclosure under applicable law.If you are not an intended recipient,you are hereby notified that any viewing,copying,disclosure or distribution of this information may be subject to legal restriction or sanction.Please notify the sender,by electronic mail or telephone,of any unintended recipients and delete the original message without making any copies. UHY Advisors,Inc.provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of"UHY Advisors." UHY Advisors,Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors,Inc.and its subsidiary entities.UHY Advisors,Inc.and UHY LLP are U.S.members of Urbach Hacker Young International Limited,a UK company,and form part of the international UHY network of legally independent accounting and consulting firms."UHY"is the brand name for the UHY international network.Any services described herein are provided by UHY Advisors and/or UHY LLP(as the case may be)and not by UHY or any other member firm of UHY.Neither UHY nor any member of UHY has any liability for services provided by other members. From: Sean McElroy [mailto:smcelrov©co.weld.co.us] Sent: Friday, July 11, 2014 8:37 AM To: Rischan, Chris Subject: RE: JBS Beef Packing Plant Appeal Chris, I have a head count per year for years 2000-2008 I am looking for the years between so that I can determine if the rated capacity of 2,698,080 is truly an accurate capacity. Sean McElroy Weld County Assessor's Office Natural Resources&Commercial Personal Property Phone: 970 353-3845 or 720 652-4255 ext. 3693 Fax: 970 304-6433 smcelrov@weldgov.com . •.test -A L r cowl Y. Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Rischan, Chris [mailto:CRischan@uhv-us.com] Sent: Thursday, July 10, 2014 4:28 PM 3 To: Sean McElroy Subject: RE: JBS Beef Packing Plant Appeal Sean, I can request this, but at the same time, I'm just wondering why a historical reference is of use if each year stands alone? Thanks, Chris Confidentiality and Circular 230 Notices: IMPORTANT:If this communication contains statements concerning taxation,those statements are provided for information purposes only,are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal,state,local or other tax statutes or regulations,and do not resolve any tax Issues in your favor.Upon request,we can provide you with express written tax advice after necessary factual development and subject to such conditions and qualifications as we may deem appropriate in the circumstances. This electronic mail message and any attached files contain information intended for the exclusive use of the party or parties to whom it is addressed and may contain information that is proprietary,privileged,confidential and/or exempt from disclosure under applicable law.If you are not an intended recipient,you are hereby notified that any viewing,copying,disclosure or distribution of this information may be subject to legal restriction or sanction.Please notify the sender,by electronic mail or telephone,of any unintended recipients and delete the original message without making any copies. UHY Advisors,Inc.provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of"WHY Advisors." UHY Advisors,Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors,Inc.and its subsidiary entities.UHY Advisors,Inc.and UHY LLP are U.5.members of Urbach Hacker Young International Limited,a UK company,and form part of the international UHY network of legally independent accounting and consulting firms."UHY"is the brand name for the UHY international network.Any services described herein are provided by UHY Advisors and/or UHY LLP(as the case may be)and not by UHY or any other member firm of UHY.Neither UHY nor any member of UHY has any liability for services provided by other members. From: Sean McElroy [mailto:smcelroy@co.weld.co.us] Sent: Thursday, July 10, 2014 5:20 PM To: Rischan, Chris Subject: RE: JBS Beef Packing Plant Appeal Chris, I just had a chance to take a look at the inutility information that you supplied. I will want to have a historical reference so I will want to see the head count for the last five years as well. Sean McElroy Weld County Assessor's Office Natural Resources&Commercial Personal Property Phone: 970 353-3845 or 720 652-4255 ext. 3693 Fax: 970 304-6433 smcelrov@weldeov.com Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication.Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. 4 From: Rischan, Chris [mailto:CRischan©uhy-us.com] Sent: Thursday, July 10, 2014 3:34 PM To: Sean McElroy Cc: Montes, Veronica; Clark, Ted Subject: RE: JBS Beef Packing Plant Appeal Hi Sean, I appreciate you taking the time to talk with me this afternoon. We will keep an eye out for the denial letter, and file the appeal to the BOE on or before July 21st. I have added a tab with the inutility calculation to the attached spreadsheet for your consideration. As I will be out next week,Veronica Montes and Ted Clark will be available to discuss. Thanks, Chris Rischan Manager I UHY Advisors SALT, LLC 2929 Allen Parkway, 20th Floor, Houston,TX 77019-7100 D: 713 407 3169 1 O: 713 548 0900 I F:713 407 3760 crischan@uhy-us.com I www.uhy-us.com Confidentiality and Circular 230 Notices: IMPORTANT:If this communication contains statements concerning taxation,those statements are provided for information purposes only,are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal,state,local or other tax statutes or regulations,and do not resolve any tax issues in your favor.Upon request,we can provide you with express written tax advice after necessary factual development and subject to such conditions and qualifications as we may deem appropriate in the circumstances. This electronic mail message and any attached files contain information intended for the exclusive use of the party or parties to whom it is addressed and may contain information that is proprietary,privileged,confidential and/or exempt from disclosure under applicable law.If you are not an intended recipient,you are hereby notified that any viewing,copying,disclosure or distribution of this information may be subject to legal restriction or sanction.Please notify the sender,by electronic mail or telephone,of any unintended recipients and delete the original message without making any copies. UHY Advisors,Inc.provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of"UHY Advisors." UHY Advisors,Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors,Inc.and its subsidiary entities.UHY Advisors,Inc.and UHY LLP are U.S.members of Urbach Hacker Young International Limited,a UK company,and form part of the international UHY network of legally independent accounting and consulting firms."UHY"is the brand name for the UHY international network.Any services described herein are provided by UHY Advisors and/or UHY LLP(as the case may be)and not by UHY or any other member firm of UHY.Neither UHY nor any member of UHY has any liability for services provided by other members. From: Sean McElroy [mailto:smcelroy@ico.weld.co.us] Sent: Tuesday, July 01, 2014 8:14 AM To: Rischan, Chris Subject: JBS Beef Packing Plant Appeal Hi Chris, We did receive your appeal on the packing plant. I am writing to get some more information about the packaging line not being fully utilized. Thanks, Sean McElroy 5 Weld County Assessor's Office Natural Resources& Commercial Personal Property Phone: 970 353-3845 or 720 652-4255 ext. 3693 Fax: 970 304-6433 smcelrov@weldgov.com �4. tw 11� r • - i r1 cau� Confidentiality Notice:This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. 6 Weld County CHRISTOPHER M. WOODRUFF COUNTY ASSESSOR BRENDA DONES DEPUTY ASSESSOR VALUATION REPORT OF PERSONAL PROPERTY FOR County Board of Equalization JBS USA LLC PETITIONER Vs. WELD COUNTY ASSESSOR'S OFFICE RESPONDENT Schedule Number: P0003960 Log Number: 7969 Date: 7/29/2014 Time: 04:15 PM Board: Board #1 PREPARED BY APPRAISERS NAME Sean McElroy 07/23/14 Signature Date ASSESSOR'S OFFICE STAFF APPRAISER 2014-2345 Personal property is everything that is the subject of ownership and that is not included in the term 'real property'. This includes machinery, equipment and other articles related to a commercial or industrial operation that are either affixed or not affixed to the real property. Personal Property values shall be determined by appropriate consideration of the Cost Approach, Market Approach, and Income Approach to value. § 39-1-103(5)(a) C.R.S. ASSESSOR'S CURRENT VALUE Location of the subject property is: Account # Location Actual Value P0003960 800 N 8 Ave. Greeley $33,110,426.00 COST APPROACH NARRATIVE The values on these accounts were originally derived from an asset listing supplied by the petitioner with their 2014 Personal Property Declarations. The declarations were sent electronically to our office by the taxpayer and they were reviewed and valued by our appraiser. They included 2,685 pieces of equipment. The declarations were signed by the owner/agent declaring that the information provided on the declarations included a full and complete list of property and that no attempt had been made to mislead the Assessor as to its age, quality, quantity or cost. The Colorado Division of Property Taxation (DPT) publishes tables that are used in the cost approach to establish the value. An inflation factor is used to calculate the replacement cost new (RCN) values for all reported equipment. Then an economic life for the equipment is determined and an age for the equipment is calculated. With an economic life and an age determined for the equipment, a percent good is applied to the RCN value for the equipment to find the replacement cost new less depreciation (RCNLD) value. A level of value (LOV) is then applied to the RCNLD to reach the actual value for the equipment. The LOV is used because §C.R.S. 39-1-104(12.3)(a)(I) requires personal property to be adjusted to the June 30 appraisal date. The DPT tables have been attached to this report. After this the Assessor is required to apply any other functional or economic obsolescence that exists. It was determined that some economic obsolescence existed for this facility. An adjustment was made to the economic lives of meat butchering and meat packaging equipment. The standard economic life for this equipment is 12 years. Based on information supplied to our office in 2010 it was determined that meat butchering and packaging equipment was exceeding its economic life prior to the standard of 12 years. We have applied an 8 year life to meat butchering equipment and a 10 year life to meat packaging equipment to account for economic obsolescence. Below is a summary of the cost approach for JBS USA LLC. COMPUTER 1991 13 23 $19,022.04 100 $19022.04 7 $1,331.54 $1,33154 COMPUTER 1992 13 22 $5,501.48 100 $5,591.46 7 $39140 $391.39 COMPUTER 1993 13 21 $22.879.58 100 $22,87956 7 $1,801.57 $1,60153 COMPUTER 1995 13 19 $5.335.10 100 $5,33510 7 $373.46 $37346 COMPUTER 1996 13 18 $3,534.06 100 $3,53406 7 $247.38 $247.38 COMPUTER 1997 13 17 $2,605.42 100 $280542 7 $196.38 $196.38 COMPUTER 1998 13 16 $32,160.28 100 $32,160.28 7 $2,251.22 $2,25123 COMPUTER 1999 13 15 $26,707.25 100 $26,707.25 7 $1,869.51 $1,869.49 COMPUTER 2000 13 14 $70,834.07 100 $70834.07 7 $4,958.38 $4,958.39 COMPUTER 2001 13 13 $3,449.14 100 $3449.14 7 $241.44 $241.44 COMPUTER 2002 13 12 $666,207.10 100 $666,20710 7 $46,634.50 ${8,634.49 COMPUTER 2004 13 10 $97,160.25 100 $97.16025 7 $8,801.22 $6,801 22 COMPUTER 2005 13 9 $1,09704 100 $1,09704 7 $76.79 $76.79 COMPUTER 2007 13 7 $1,983 76 100 $1,983.76 7 $138.86 $138.86 COMPUTER 2010 13 4 $4,446.16 100 $4,446.16 7 $311.23 $311.23 COMPUTER 2012 13 2 $86,949.45 100 $88,949.45 23 $20,458.37 $20,458 37 COMPUTER 2013 13 1 $39.401 41 100 $39,401 41 44 $17,336.62 $17,336.62 COMPUTER INTERGRATED 1981 13 33 $24,348.34 100 $24,348.34 15 $3,852.25 $3,652 25 COMPUTER INTERGRATED 1988 13 26 $16.183.05 100 $16,183.05 15 $2427.46 $2,427 46 COMPUTER INTERGRATED 1991 13 23 $3.010.36 100 $3,010.38 15 $451 55 $451 55 COMPUTER INTERGRATED 1992 13 22 $75,019.20 100 $75.019 20 15 $11,252.88 $11,252 88 COMPUTER INTERGRATED 1993 13 21 $279067.65 100 $279.06765 15 $41,860.15 $41,860 15 COMPUTER INTERGRATED 1996 13 18 $882,848.47 100 $862,848.47 15 $129,427 27 $129,427 26 COMPUTER INTERGRATED 1997 13 17 $307,864.35 100 $307,86435 15 $48,179.85 $48,17966 ' COMPUTER INTERGRATED 1998 13 16 $48,931 75 100 $48.931 75 15 $7,339.76 $7,339.76 COMPUTER INTERGRA TEO 1999 13 15 $1.031412.37 100 $1,031,412 37 15 $154,711.86 $15471184 COMPUTER INTERGRATED 2000 13 14 $4,613,026.24 100 $4,613,026 24 15 $891,953.94 $691,953 95 COMPUTER INTERGRATED 2002 13 12 $1.208.857.81 100 $1,208,857 81 15 $181,328 67 $181,328.68 COMPUTER INTERGRATED 2003 13 11 $234.684.66 100 $234884.88 15 $35,202.70 $35,202.70 COMPUTER INTERGRATED 2004 13 10 $46,973 80 100 $46,973.80 15 $7,046.07 $7,046.07 COMPUTER INTERGRATED 2005 13 9 $158,575.93 100 $158,575.93 15 $23186.39 $23,788.40 COMPUTER INTERGRATED 2008 13 6 $110,272.34 100 $110,272.34 15 $16,540.85 $18,:40.85 COMPUTER INTERGRATED 2009 13 5 $948455.33 100 $94845533 15 $142,268.30 $142,268.30 COMPUTER INTERGRATED 2011 13 3 $36.941 62 100 $38,94182 33 $12,190.73 $12,190.74 COMPUTER INTERGRATED 2012 13 2 $102,213 49 100 $102,213 49 53 $54,173.15 $54,173.15 COMPUTER PERIPHERALS 1974 13 40 $13,722.92 100 $13,722 92 7 $960.80 $960.60 COMPUTER PERIPHERALS 1986 13 28 $18,330.30 100 $18,330 30 7 $1,283.12 $1,283.12 COMPUTER PERIPHERALS 1990 13 24 $35054.52 100 $35,654.52 7 $2,495.82 $2,495.80 COMPUTER PERIPHERALS 1991 13 23 $17,954.28 100 $17,954 26 7 $1,258.80 $1,256.80 COMPUTER PERIPHERALS 1992 13 22 $2,279 02 100 $2,279 02 7 $159.53 $15953 COMPUTER PERIPHERALS 1993 13 21 $29,53022 100 $29,530 22 7 $2,087.12 $2,06708 COMPUTER PERIPHERALS 1994 13 20 $91,423 39 100 $91,423 39 7 $6,399 64 $6,39964 COMPUTER PERIPHERALS 1935 13 19 $148.76589 100 $148,765 69 7 $10,413 60 $10.413.61 COMPUTER PERIPHERALS 1996 13 18 $12,887.20 100 $12,687 20 7 $888.1➢ $888.10 COMPUTER PERIPHERALS 1997 13 17 $52483.10 100 $52,48310 7 $3,673.82 $3,873.82 COMPUTER PERIPHERALS 1998 13 16 $72.438.24 100 $72.43624 7 $5,070.54 $5,070.54 COMPUTER PERIPHERALS 1999 13 15 $98,850.10 100 $98.850 10 7 $8,919.51 $8,919.51 COMPUTER PERIPHERALS 2000 13 14 $94,647 22 100 $94.647 22 7 $8.625.31 $6.825 29 COMPUTER PERIPHERALS 2001 13 13 $15.29473 100 $15,294 73 7 $1.070.63 $1,07063 COMPUTER PERIPHERALS 2002 13 12 $64,55228 100 $64,552 28 7 $4,518 66 $4,518.66 COMPUTER PERIPHERALS 2003 13 11 $85.11605 100 $85,118.05 7 $5,958.12 $5,958.12 COMPUTER PERIPHERALS 2004 13 10 $142,514.34 100 $142,514 34 7 $9,978.00 $9,975.97 COMPUTER PERIPHERALS 2005 13 9 $69,729.02 100 $69,729 02 7 $4.881.03 $4,881.03 COMPUTER PERIPHERALS 2006 13 8 $18,409 15 100 $18.409 15 7 $1,288.64 $1,288.64 COMPUTER PERIPHERALS 2008 13 6 $29,754 50 100 $2975450 7 $2,082.82 $2,082.81 COMPUTER PERIPHERALS 2009 13 5 $89038.27 100 $69,03827 7 $4,832.68 $4,832.88 COMPUTER PERIPHERALS 2010 13 4 $13,338.50 100 $13.338 50 13 $1,734 01 $1,734.01 COMPUTER PERIPHERALS 2012 13 2 $258.719.04 100 $258,719.04 38 $93,138.85 $93,138.85 COMPUTER PERIPHERALS 2013 13 1 $392,692.70 100 $392,692.70 50 $196,346.35 $198,346.36 ELECTRONIC EQUIPMENT 1988 26 $1,375.88 118 $1,823.54 15 $243.53 $243.53 ELECTRONIC EQUIPMENT 1996 10 $305,21966 lin $360,159 20 15 $54,023.88 $$1,02366 ELECTRONIC EQUIPMENT 1997 17 $59,821 14 118 $70,588 95 15 $10,588.34 $10.588 35 ELECTRONIC EQUIPMENT 1999 15 $32.28313 118 $38,00409 15 $5,714.11 $5,714 11 ELECTRONIC EQUIPMENT 2000 14 $64,873.00 118 $76,550 14 15 $11,482.52 $11,482.52 ELECTRONIC EQUIPMENT 2001 13 $52,41671 118 $61,851 72 15 $9,277 76 $9,277 75 ELECTRONIC EQUIPMENT 2002 12 $35,389.78 110 $41159.94 15 $5,283.99 $6,264.00 ELECTRONIC EQUIPMENT 2003 11 $100,988.71 118 $119,166.68 10 $17.87500 $17,875.00 ELECTRONIC EQUIPMENT 2004 10 $105,227 03 118 $124,167.90 15 $18.625.18 $18,625.19 ELECTRONIC EQUIPMENT 2005 9 $151.211.25 118 $178,429.28 15 $26.764.39 $28.76442 ELECTRONIC EQUIPMENT 2006 0 $13,11858 118 $15,479 92 15 $2,321.99 $2.32199 ELECTRONIC EQUIPMENT 2007 7 $36,99874 113 $41,808 58 15 $6,271.29 $6,271.29 ELECTRONIC EQUIPMENT 2012 2 $206,83903 101 $210925.00 70 $147,647 50 0.99 $146,171 02 ELECTRONIC EQUIPMENT 2013 1 $356,627 02 100 $356,827.02 85 $303,302.97 0.99 $300,269 95 FE 1983 1 31 $1.459.07 132 $1,925.97 15 $288.90 $288.90 FF 1988 1 26 $6,102.76 132 $8,055.64 15 $1,208.35 $1,208.34 FF 1990 1 24 $1,248.60 132 $164815 15 $247.22 $24722 FF 1995 1 19 $5.158.05 132 $6,80599 15 $1.020.90 $1.020 90 FF 1996 1 18 $109498 132 $1,445 37 15 $21681 $21681 FF 1998 1 18 $10,15782 132 $13.408.08 15 $2,011.21 $2,011.21 FF 1999 1 IS $1,268.21 132 $1,874.04 15 $251.11 $25111 FF 2002 1 12 $82,520 15 132 $108,926.60 15 $16,338.99 $18,339.00 MACHINE&EQUIPMENT 1971 1 43 $5,733.83 137 $7,855.07 15 $1,178.26 $1,178.25 MACHINE B EQUIPMENT 1972 1 42 $1888.65 137 $2,313 45 15 $347.02 $34702 MACHINE&EQUIPMENT 2002 1 12 $14,060.127.54 137 $19 262,374 73 15 $2,869.356.21 $2.889,358 33 MACHINE&EQUIPMENT 2007 1 7 $2,779.576.68 113 $3.140,92165 43 $1,350598.31 099 $1,337,09040 MACHINE B EQUIPMENT 2009 1 5 $187,930.35 106 $199206.17 59 $117531.64 0.99 $116.35633 MACHINE B EQUIPMENT 2010 1 4 $1,099,846 22 107 $1,176,835.96 68 $800,248.11 0.99 $792,245.84 MACHINE&EQUIPMENT 2011 1 3 $7,227 06 103 $7,493.87 76 $5,657.34 099 $5,80077 MACHINE&EQUIPMENT 2012 1 2 $3,370,398.01 101 $3404,10199 84 $2,859,445.67 099 $2.830.65130 MACHINE&EQUIPMENT 2013 1 1 $42822881 100 $426.22881 92 $392.1:051 099 $388.20920 3 • MEAT BUTCHERING EQUIPMENT 1970 2 44 $3,114.60 131 $4,080.13 15 $612.02 $612.02 MEAT BUTCHERING EQUIPMENT 1979 2 35 $173,933.47 131 $227,852.85 15 $34,177 93 $34,177.93 MEAT BUTCHERING EQUIPMENT 1981 2 33 $27,669 66 131 $36,247 25 15 $5,437.09 $5.437 09 MEAT BUTCHERING EQUIPMENT 1982 2 32 $413,029.11 131 $541,068.13 15 $81,160.22 $81,160.21 MEAT BUTCHERING EQUIPMENT 1983 2 31 $890,412 28 131 $1,166,440.09 15 $174,966.01 $174,966.02 MEAT BUTCHERING EQUIPMENT 1984 2 30 $653,123 70 131 $855,592.05 15 $128,338.81 $128,338.81 MEAT BUTCHERING EQUIPMENT 1985 2 29 568,632.98 131 $89,909.20 15 $13,486.38 $13,486 38 MEAT BUTCHERING EQUIPMENT 1986 2 28 $4,123,014.00 131 $5401,148.34 15 $810,172.25 $810,172 27 MEAT BUTCHERING EQUIPMENT 1987 2 27 $248.024.08 131 $324,911.54 15 $48,736 73 $48,736 74 MEAT BUTCHERING EQUIPMENT 1988 2 26 $323,622.57 131 $423.945.57 15 $63,591 84 $63,591.84 MEAT BUTCHERING EQUIPMENT 1989 2 25 573,549,58 131 $96,349 95 15 $14,452.49 $14,452 48 MEAT BUTCHERING EQUIPMENT 1990 2 24 $134,825.99 131 $176,622.05 15 $26,493.31 $26.493.30 MEAT BUTCHERING EQUIPMENT 1991 2 23 $164,430 51 131 $215,403.97 15 $32,310.60 $32,310.58 MEAT BUTCHERING EQUIPMENT 1992 2 22 $475,581.05 131 $623,011.18 15 $93,451.68 $93,451 68 MEAT BUTCHERING EQUIPMENT 1993 2 21 $292,757.14 131 $383,511.85 15 $57.526.78 $57.52679 MEAT BUTCHERING EQUIPMENT 1994 2 20 $2,773785.80 131 $3,633.55940 15 $545,048.91 $545,049 03 MEAT BUTCHERING EQUIPMENT 1995 2 19 $733,657.52 131 $961,091.35 15 $144,163.70 $144,163 70 MEAT BUTCHERING EQUIPMENT 1996 2 18 $1,650,536.04 131 $2,162,202.21 15 $324,330.33 $324,330.29 MEAT BUTCHERING EQUIPMENT 1997 2 17 $1,410,891.00 131 $1,848,267 21 15 $277,240.08 $277.240.14 MEAT BUTCHERING EQUIPMENT 1998 2 16 $1,524,891 77 131 $1,997.608.22 15 $299,641 23 $299.641.30 MEAT BUTCHERING EQUIPMENT 1999 2 15 $2,643.592.43 131 $3,463,106.08 15 $519,465 91 $519.465.83 MEAT BUTCHERING EQUIPMENT 2000 2 14 $2,595,095.21 131 $3,399,574.73 15 $509,936.21 $509,936.22 MEAT BUTCHERING EQUIPMENT 2001 2 13 $406,010.65 131 $531,873.95 15 $79,781.09 $79,781.11 MEAT BUTCHERING EQUIPMENT 2002 2 12 $1,679,520.53 131 $2,200,171 89 15 $330,025.78 $330,025.78 MEAT BUTCHERING EQUIPMENT 2003 2 11 $3784,861.76 131 $4.958.168.91 15 $743,725 34 $743,725.37 MEAT BUTCHERING EQUIPMENT 2004 2 10 $1,328,788.57 131 $1740,713.03 15 $261.106.95 $261,106.96 MEAT BUTCHERING EQUIPMENT 2005 2 9 $1,169.070.29 123 $1,437,956 46 15 $215,693.47 $215,693.46 MEAT BUTCHERING EQUIPMENT 2006 2 B $1,894,836.02 118 $2,235,906.50 21 $469,540.37 0.99 $464,844.97 MEAT BUTCHERING EQUIPMENT 2007 2 7 $1,358,616.80 113 $1,535,236.98 29 $445,218.73 0.9 $440,786.53 MEAT BUTCHERING EQUIPMENT 2008 2 6 $2,229,469 96 109 $2,430,122.26 37 $899,145.23 099 $890,153.73 MEAT BUTCHERING EQUIPMENT 2009 2 5 $6,246,31987 106 $6.623.219.06 47 $3,112,912 96 099 $3,081.783.83 MEAT BUTCHERING EQUIPMENT 2010 2 4 $176,264.79 107 $188803.33 57 $107,503.90 0.99 $106.428.85 MEAT BUTCHERING EQUIPMENT 2011 2 3 $723,394.06 103 $745,095.88 68 $506,665.20 0.99 $501,598 53 MEAT BUTCHERING EQUIPMENT 012 2 2 $140,325.39 101 $141,728.64 79 $111,965.63 0.99 $110,845.97 MEAT BUTCHERING EQUIPMENT 013 2 1 $6,545,612 57 100 $6,545,612.57 90 $5,891,051.31 0.99 $5,832,140.82 MEAT PACKAGING E IPMENT QU 983 2 1 31 $410,391.35 137 $562.236.15 15 $84,335.42 $84,33542 MEAT PACKAGING EQUIPMENT 984 2 1 30 $92,235.55 137 $126,362.70 15 $18,954 41 $18,954.41 MEAT PACKAGING EQUIPMENT 988 2 1 26 $41,789.29 137 $57,251.33 15 58587 70 $8.587.70 • MEAT PACKAGING EQUIPMENT 989 2 1 25 $30,056.49 137 $41,177.39 15 $6,176 61 $6.176.61 MEAT PACKAGING EQUIPMENT 990 2 1 24 $23,835.39 137 $32,654.48 15 $4,898.17 $4,898 17 MEAT PACKAGING EQUIPMENT 991 2 1 23 $319,180.32 137 $437,277.04 15 $65,591.56 $65,591.57 MEAT PACKAGING EQUIPMENT 992 2 1 22 $66,064.57 137 $90.508.46 15 $13,576.27 $13,576.27 MEAT PACKAGING EQUIPMENT 994 2 1 20 $4.928,567 43 137 $6,752,137.38 15 51,012,820.61 $1,012,620.57 MEAT PACKAGING EQUIPMENT 995 2 1 19 $636,756.28 137 5872,356.10 15 $130,853.42 $130,853.43 MEAT PACKAGING EQUIPMENT 996 2 1 18 $4,556.27 137 $6,242.09 15 $936.31 $936.31 MEAT PACKAGING EQUIPMENT 997 2 1 17 $1,257,380.66 137 $1,722,611.50 15 $258,391 73 $258,391.71 MEAT PACKAGING EQUIPMENT 998 2 1 16 $193,323.14 137 $264,852.70 15 $39,727.91 $39,727.92 MEAT PACKAGING EQUIPMENT 999 2 1 15 $315,328.66 137 $432,000.26 15 564,800.04 564,800.03 MEAT PACKAGING EQUIPMENT 000 2 1 14 $508,446 99 137 $696,572 38 15 $104,485.86 $104,485 86 MEAT PACKAGING EQUIPMENT 001 2 1 13 $196,705.57 137 $269,486.63 15 $40.422.99 $40,422.99 MEAT PACKAGING EQUIPMENT 002 2 1 12 $574,463.75 137 $787,015.34 15 $118,052.30 $118,052.31 MEAT PACKAGING EQUIPMENT 003 2 1 11 $673,170.03 136 $915,511 24 15 $137,326.69 $137,326 69 MEAT PACKAGING EQUIPMENT 006 2 1 8 $185,834.77 118 $219,285 03 35 $76,749.76 0.99 $75,982 26 MEAT PACKAGING EQUIPMENT 007 2 1 7 $1,388,309.29 113 51.568,789 50 43 $674,579.48 0.99 $667,833 50 MEAT PACKAGING EQUIPMENT 009 2 1 5 $706.386.68 106 $748,769.88 59 $441,774.23 0.99 $437,356.48 MEAT PACKAGING EQUIPMENT 010 2 1 4 $203,058.18 107 $217,272.25 68 $147.745.13 099 $146,267 67 MEAT PACKAGING EQUIPMENT 012 2 1 2 $1,630,692.97 101 $1646,999.90 84 $1,383,479.92 0.99 $1,369,645.10 TOTAL $33.110.426 The cost trending factors are derived from Marshall Valuation Services. The economic life tables are developed from the IRS, Marshall Valuation Services and other sources. The percent good tables are assembled from the Iowa State University property retirement & depreciation studies. The minimum value on the general percent good table is 15% because Colorado is a value in use state. This means that nothing is ever fully depreciated as long as it is in use. For technologically advanced personal property the floor value is 7%. 4 The actual value of$33,110,426.00 was established by classifying the assets reported on the declarations, the year they were purchased and their original cost, and then applying the appropriate tables and factors as mandated by the DPT through C.R.S §39-2-109(e). The Colorado Property Tax Administrator is required to... C.R.S. §39-2-109(e) To prepare and publish from time to time manuals, appraisal procedures, and instructions, after consultation with the advisory committee to the property tax administrator and the approval of the state board of equalization, concerning methods of appraising and valuing land, improvements, personal property, and mobile homes and to require their utilization by assessors in valuing and assessing taxable property. Said manuals, appraisal procedures, and instructions shall be based upon the three approaches to appraisal and the procedures set forth in section 39-1-103 (5) (a). Such manuals, appraisalprocedures, and instructions shall be subject to PP legislative review, the same as rules and regulations, pursuant to section 24-4-103 (8) (d), C.R.S. (emphasis added). COST APPROACH VALUE $33,110,426.00 MARKET APPROACH Pursuant to the Colorado Revised Statutes the Assessor has considered the Market Approach. This approach is an appraisal technique in which the market value estimate is predicated upon prices being paid in actual market transactions and current listings, the former fixing the lower limit of value in a static or advancing market and fixing the higher limit of value in a declining market; and the latter fixing the higher limit in any market. It is a process of correlation and analysis of similar recently sold properties. The reliability of this technique is dependent upon: 1. The degree of comparability of each property with the property under appraisal; 2. The time of the sale; 3. The verification of the sale data; 4. The absence of unusual conditions affecting the sale. The purpose of this appraisal is to estimate the end user value and not a resale value. The market approach would be used when there are verifiable sales of equipment to the end user. Since there is insufficient verifiable sales information for all of the assets, the Weld County Assessor has not derived a value using the Market Approach. 5 INCOME APPROACH Pursuant to the Colorado Revised Statutes the Assessor has considered the Income Approach to value on Personal Property. This approach considers value in relation to the present worth of future benefits derived from ownership and is usually measured through capitalization of a specified level of income. This approach is the least common approach used in the valuation of machinery and equipment, since it is difficult to isolate income attributable to such assets from the income attributable to the services received from the assets. Due to the insufficient information for the income on Personal Property, the Weld County Assessor has not derived a value using the Income Approach. CONCLUSION The subject property has been classified as Personal Property for property tax purposes. Personal Property values shall be determined by appropriate consideration of the Cost Approach, Market Approach, and Income Approach to value. §39-1- 103(5)(a) C.R.S. The Assessor reviewed the Cost, Market and Income approach to value and due to the lack of information available for the Market or Income Approach, selected the Cost Approach as the most accurate method for determining the value. All equipment on the asset listing was classified based on its use and was trended and depreciated in accordance with the procedures published in the DPT manuals. The DPT manuals are binding on Assessors and we are required to use them. After consideration of the three approaches, it is the Weld County Assessor's request that the value of $33,110,426.00 be affirmed for the tax year 2014. FINAL VALUE $33,110,426.00 6 INDUSTRY CATEGORY TABLE Types of Personal Piopeity Included in Industry Categories: Industry Category Table Industry Category Property Type Number 1 Average of All 2 Candy and Confectionery, Creamery and Dairy, Flour, Cereal and Feed, 6 Garage, Meat Packing, Paint, Refrigeration and Rubber g 3 Office Personal Property (excluding copiers and other technologically advanced personal property) 4 Retail and Wholesale Stores, Warehousing 5 Rental Furnishings, Apartments, Hotels and Motels 6 Banks, Savings and Loans, Restaurants and Lounges, and Theaters 7 Contractors' Personal Property 8 Laundry & Cleaning Personal Property 9 Industrial Bakery, Bottling, Canneries, and Fruit Packing 10 Brewing and Distilling, Cement, Clay Products, Glass, Metal, Logging, Metal Working, Mining and Milling 11 Manufacturing of Chemical. Electrical, Paper, Motion Pictures and Television, Printing, and Woodworking Personal Property 12 All Petroleum, Oil, Gas, Ethanol, Rio-diesel, and Textile 13* Computer and PC, Computer-integrated Personal Property, Telephone and Telecommunication Personal Property, and Copiers 14 Renewable Energy Personal Property Source: Marshall Valuation Service, October 2013 *Please refer to Chapter 7, Special Issues, under Technologically Advanced Personal Property, for more information. 7 COST FACTOR TABLES 2014 PERSONAL PROPERTY COST FACTOR TABLE Industry Category Number 1 2 3 4 5 6 7 • 1988 1.82 1.79 1.67 1.79 1.79 1.72 1.84 • 1989 1.73 1.71 1.59 1.71 1.70 1.64 1.76 • 1990 1.69 1.66 1.55 1.66 1.66 1.60 1.70 • 1991 1.66 1.63 1.53 1.63 1.62 1.58 1.66 1992 1.64 1.60 1.52 1.61 1.59 1.55 1.63 1993 1.61 1.57 1.49 1.57 1.55 1.52 1.59 1994 1.57 1.53 1.46 1.51 1.50 1.47 1.55 • 1995 1.51 1.48 1.42 1.47 1.45 1.43 1.51 • 1996 1.49 1.46 1.39 1.45 1.43 1.41 1.48 ' 1997 1.47 1.44 1.38 1.42 1.41 1.39 1.46 tz 1998 1.46 1.43 1.37 1.41 1.40 1.38 1.44 '' 1999 1.45 1.43 1.36 1.41 1.39 1.38 1.43 ▪ C^ 2000 1.43 1.40 1.34 1.39 1.37 1.36 1.40 • Q 2001 1.42 1.39 1.33 1.38 1.36 1.35 1.40 j • R 2002 1.41 1.38 1.33 1.37 1.34 1.34 1.38 • : 2003 1.38 1.36 1.31 1.35 1.33 1.32 1.36 2004 1.34 1.32 1.28 1.30 1.30 1.28 1.32 2005 1.25 1.23 1.21 1.22 1.23 1.20 1.24 2006 1.19 1.18 1.16 1.17 1.18 1.16 1.19 2007 1.13 1.13 1.11 1.13 1.14 1.12 1.15 2008 1.09 1.09 1.08 1.09 1.10 1.08 1.11 2009 1.06 1.06 1.05 1.06 1.08 1.05 1.08 j • 2010 1.07 1.07 1.05 1.07 1.07 1.06 1.08 • 2011 1.04 1.03 1.03 1.04 1.05 1.03 1.05 ' 2012 1.01 1.01 1.00 1.01 1.02 1.01 1.02 2013 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Source: Marshall Valuation Service, October 2013 8 COST FACTOR TABLES CONTINUED... 2014 PERSONAL PROPERTY COST FACTOR TABLE Industry Category Number 8 9 10 11 12 13 14 • 1988 1.86 1.88 1.90 1.83 1.93 1.00 1.00 • 1989 1.77 1.77 1.81 1.73 1.83 1.00 1.00 1990 1.72 1.73 1.76 1.69 1.79 1.00 1.00 1991 1.69 1.70 1.73 1.68 1.74 1.00 1.00 1992 1.67 1.68 1.71 1.67 1.73 1.00 1.00 1993 1.64 1.65 1.69 1.66 1.71 1.00 1.00 1994 1.60 1.61 1.65 1.62 1.68 1.00 1.00 1995 1.54 1.55 1.59 1.54 1.62 1.00 1.00 1996 1.52 1.53 1.56 1.53 1.59 1.00 1.00 1997 1.49 1.50 1.55 1.51 1.56 1.00 1.00 1998 1.48 1.49 1.53 1.50 1.54 1.00 1.00 1999 1.48 1.49 1.52 1.51 1.53 1.00 1.00 cr 2000 1.45 1.47 1.50 1.48 1.51 1.00 1.00 Q 2001 1.44 1.45 1.48 1.47 1.49 1.00 1.00 R 2002 1.43 1.44 1.47 1.47 1.48 1.00 1.00 2003 1.41 1.42 1.44 1.45 1.45 1.00 1.00 2004 1.36 1.37 1.39 1.39 1.40 1.00 1.00 2005 1.26 1.26 1.28 1.28 1.29 1.00 1.00 2006 1.20 1.20 1.22 1.20 1.22 1.00 1.00 2007 1.14 1.13 1.16 1.12 1.14 1.00 1.00 2008 1.10 1.08 1.11 1.07 1.09 1.00 1.00 2009 1.06 1.06 1.06 1.05 1.05 1.00 1.00 • 2010 1.07 1.07 1.07 1.07 1.06 1.00 1.00 • 2011 1.04 1.03 1.04 1.02 1.04 1.00 1.00 • 2012 1.01 1.00 1.01 0.99 1.01 1.00 1.00 2013 1.00 1.00 1.00 1.00 1.00 1.00 1.00 Source: Marshall Valuation Service, October 2013 9 COST FACTOR TABLES CONTINUED... 2014 FIXTURES/LEASEHOLD IMPROVEMENTS COST FACTOR TABLE Year Acquired Factor 1988 2.16 1989 2.12 1990 2.06 1991 2.04 1992 2.00 1993 1.91 1994 1.84 1995 1.79 1996 1.78 1997 1.72 1998 1.69 1999 1.65 2000 1.56 2001 1.55 2002 1.51 2003 1.48 2004 1.38 2005 1.30 2006 1.23 2007 1.17 2008 1.14 2009 1.14 2010 1.14 2011 1.10 2012 1.07 2013 1.00 Source: Marshall Valuation Service, October 2013 IO ECONOMIC LIFE ESTIMATES PROPERTY TYPE Recommended Economic Life (years) COMMERCIAL Whol le;mail 9 Adding machines_calculators 6 All terrain vehicles(ATVs): (for addi information.see Chapel. 7) 6 Amusement parks I? .4ulvnulte'd idler machines(ATMs): (see Chapter 71 (on 'tao'el co is abort terse:'portion 4* Structural housing 10 Auto nplor shops 10 li$u i;vault dune 21) Fllancer and beauty shows 11) Cable Digital T`' set-top boxes 4• Subscriber conveners.other than digital 5 Test personal property ti Ortginatiun personal propene 9 Satellite receiving ground stations 9 Distribution&subscriber connection property 10 I leadend personal property I I Microwave systems 9 Computers personal &accessories 3* Computers other and stand-alone peripherals 4+ Computer integrated personal property 4 Construction personal property. general 6 Copiers 4+ Data handling personal property.. except computers — h Electronic personal property.except computers or gaming 6 Gaming •r.•Chapter 1 lectronrc tt:.r,.- slot machine,) 5 Larger gaming personal proeert e.t-. tables; 10 (pole elydr ur/'tort j mp(.11i. • • I.Iecironic lucl pump; - I, ,encral II) tanks I r g . ahi.o+,e+rt und. propane. septic I 10 Tanks e.t;.. helou ,round. double-%k ailed. fuel 2I) H�dn'e c..trh. t:ienerat.�r- ;;I (;tell :-err. __ . I aLiI do :step dr\ cleaning. 11) \la.I:incr. t;not otherwise laced 1 I I1 th•t11ir id j l 'erlti[(i It+'rtp.!l' l lllr i1,Sd11 ,. sec Chapter r 'I t lie 10 • \le l:I art:: '1.11:111 ocrsora I proper. t, ( t�nunt'rrhll( toed on next age' •!1', :,.err..... . ':1r l r _ r :1 :1.•r t, . i r _ r•• ... .. ';.• �,•1.1..1� l 1...1.-.,r- .'�I 1 ',clot..l'. I 11.1•,I'.1 .'1 I it It rl' \e' •. ..' I II ECONOMIC LIFE ESTIMATES CONTINUED... PROPERTY TYPE Recommended Economic Life (years) COMMERCIAL(continued) Office furniture 10 Pedicabs I 0 Photo processing personal property(electronic) 6 Pon-a-potty... ................ . 10 Radio and television broadcasting 6 Recreation and amusement 10 Restaurant and bar(all) 10 Renewable energy property 20 River Rafts 10 Shuppin carts 5 . Signs(billboard and monument) 20 Signs I0 Signs lelectronic 6 cars: (kw additional information see('h ptcr ?) _ Heavy use(e.g..snowgrooming operations) Moderate use(c.g.. transpotla ion operations 10 Slyd'uge•tanAx. Tanks(e.g.. above ground. propane.septic) 10 Tanks(e.g. below ground.double-walled. fuel) 21) Telecommurticatianpersonalpropert�•: Iiigh Tech(excluding towers) 4` Theater 10 Towers 20 _Typewriters 6 \--ending machines 10 Video machines tareide1 6 RES1DENTI.tL•COMMtERCLAL Residential rental furnishings II) Apartment. hotel and motel furnishings 10 \ATI RAI. RESOI'RC'F.y Mining- s/rrallir and \(rnlnrrullrc \II drat.lincs. lar_e cranes i with A(t• tun Intl caI)ac_it`I 20 I.:lei:Irk:mining :hen di I i Other mining. titian)mg, & milling personal pti.pcit), ID Pelrulran and %ururul Gas 1 .thluruuon.drilling r. ---- Ilig1t-tic•hnrluLn �IrtllnlL rI}• -._ 1i1.. _. I'nuila tu,n Inpclinc.i 14 \tarketine. retail ry ♦tartan;rc {not ulher%%ter1'.I,cII I0 ltclirtirr_ lit Tinlhrr I 4„ ..,I.,, ft ' n•I I.. ::eilr.:rtill I: 12 ECONOMIC LIFE ESTIMATES CONTINUED... Recommended PROPERTY' TYPE Economic Life (years) INDUSTRIAL Aerospace _ 10 Apparel and fabricated textiles 9 Bakeries and Confectionery 12 Brewery 12 Canneries and frozen food 12 Cement manufacture 2(1 Cereal. flour,grain and mill products 1 Chemicals and related products 10 Clay and gypsum products --- 15 Concrete manufacture 15 Dairy products manufacturing 12 Electrical personal propert manufacturing 10 Electronic personal property manufacturing Fabricated metal products 12 Food and beverage production 12 Special handling devices 4 Forklift. 10 Glass and glass product 14 Grain Bins 20 Jewelry 12 I umber,wo od products and furniture 111 Machinery (not otherwise listed) Meat packing 12 %dot ion p rare and tcicv ision prtxluction 1? Paint and Famish 10 i Plast s and plastic products Printing and publishing I 1 Professional and scientific instruments 10 Paperboard;Ind pulp It) Ituhber pro du.h 14 Refining personal property 1!. —� St?In-(r' 1)R.'Irll'/ilil/lflf li tlrl7rl,L ('Literal Research and de.ela+rnnent• fest persona' propr•It ‘%Ater fabrication ti drink bottling 12 Speu oil tLtiil. dal; induslr esi ; .. Biers and ic:.acd ln +.iIi.a's 'Ioit I S:r• .it .nisi s.i'�d I,t�fLlt.i'• I uL., I I Il 13 PERCENT GOOD TABLES 2014 GENERAL PERCENT GOOD TABLE Average Economic Life in Years 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 68 76 ' 82 85 88 90 91 92 93 94 95 95 i 96 96 97 97 97 98 2 38 53 63 70 75 79 82 84 86 88 ` 89 91 92 92 93 94 94 95 3 17 33 46 55 62 68 73 76 79 82 84 85 87 88 89 90 91 92 4 15- 18 30 41 50 57 63 68 72 75 78 80 82 84 86 87 88 89 5 15 18 30 38 47 54 59 64 68 72 75 77 79 81 8385 86 6 15 19 28 37 44 51 57 61 65 69 72 75 77179 81 83 7 1.5 20 29 36 43 49 55 59 63 67 70 73 r 75 77 179 8 15 21 28 35 42 47 53 58 62 65 68 71 74 76 9 15 21 28 34 41 47 52 56 60 63 ; 67 70 72 10 ' 15 22 28 35 40 45 50 55 58 62 66 69 aao 11 15 23 28 35 40 46 50 53 58 6265_ < 12 19 24 28 34 40 45i48I53 5861 13 15 20 24 31 34 40143 ; 49 53 . 57 14 ; 15 22 25 31 36.1_,391_45,_ 49 1 53 w 15 • 16 20 26 31 ` 36 41 i 45 : 49 16 15 18 21 27 32 36 41 45 17 IS 20 22 • 27 •- 32 37 41 18 15 22 23 28 [33_37 19 18 19 24 29 33 20 15 16 21 26 30 21 15 18 2227 2? 15 19 24 24 15 19 5 17 26 - 15 Source: [)i% Kum of I'ropert\ I �ixati& 11 Rate ;Applied: 8.8 I4 PERCENT GOOD TABLES CONTINUED... 2014 TECHNOLOGICALLY ADVANCED PERCENT GOOD TABLES Using market studies, the following table has been developed for Personal Computers (PCs) and Accessories: THREE-YEAR ECONOMIC LIFE TABLE Percent Good 1 44% as 2 23% Q 3 13% 4 7% Source: Dix ision of Property Taxation Using market studies, the following table has been developed for Other Computers and Stand Alone Peripherals: FOUR-YEAR ECONOMIC LIFE TABLE Percent Good 1 S0"/" 73 *4 2 36% • 3 22% 4 13"/o _; 7% tiuuree: I)i%Rion(If Property Ta‘auion 15 LEVEL OF VALUE FACTORS 2014 PERSONAL PROPERTY LOV FACTOR TABLE June 30. 2012 Level of Value Industry Category Number LOV Factor 1 0.99 2 0.99 3 1.00 4 0.99 5 0.98 6 0.99 7 0.98 8 0.99 9 0.99 10 0.99 11 1.01 12 0.99 13 1.00 14 1.00 Fixtures & Leasehold Imps 0.95 Source: Division of Property Taxation and Marshall Valuation Service 16 NOTICE OF DETERMINATION Christopher M. Woodruff Date of Notice: 7/10/2014 Weld County Assessor Telephone: (970) 353-3845 1400 N 17th Ave Fax: (970) 304-6433 Greeley, CO 80631 Office Hours: 8:00 AM - 5:00 PM www.weldgov.com ACCOUNT NO. TAX YEAR TAX AREA LEGAL DESCRIPTION/PHYSICAL LOCATION P0003960 2014 0600 BEEF PACKING PLANT GR CP-1 CAPITAL PACK 800 N 8 AV GREELEY, CO w JBS USA LLC 1770 PROMONTORY CIR GREELEY,CO 80634-9039 a. 0. O O . O. ASSESSOR'S VALUATION PROPERTY CLASSIFICATION ACTUAL VALUE PRIOR TO ACTUAL VALUE AFTER REVIEW REVIEW PROPERTY 11 426 PERSONAL 33 0, 33,110,426 TOTAL $33,110,426 $33,110,426 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: PP08 - The Assessor's office has requested additional information;however the agent has not submitted anything. We have no recourse at this juncture but to deny the protest and request the agent proceed to the next level. 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. Cc A512-6eA� RECEIVED -7-iz JUL 2 2 2914 JUL 2. 2014 15-DPT-AR WELD COUNTY WELD COtlBc Z y i�G P000 60�08269 COMMISSIONERS OREEILEY, ;r to �s APPEAL PROCEDURES County Board of Equalization Hearings will be held from July 1 through August 5 at 1400 N 17 AVE. 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 To preserve your appeal rights, your Petition to the County Board of Equalization must be postmarked or delivered on or before July 20 for personal 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 12, § 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.qov/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, § 39-1-120(3), C.R.S. I PETITION TO COUNTY BOARD OF EQUALIZATION What is your estimate of the property's value as of June 30, 2012? (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.) 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.) I ATTESTATION I, the undersigned owner or agent' of the property identified above, affirm that the statements contained herein and on an attachme st hereto are true and complete. 713-407-3169 0M5/2014 Signature Telephone Number Date unscha 00649y-us Lem RECEIVED Email Address 1 Attach letter of authorization signed by property owner. JUL 2 2 2014 15-DPT-AR WELD COUNTY PR 207-08/13 COMMISSIONERS P0003960 21269 2013 Actual Head Count 1,289,940 Max Capacity 3,066,000 Max Week less 12% Industry Ave Downtime 2,698,080 for maintence, repair, cleaning, etc. RECEIVED Utilization 47.81% Scaled Factor 64.23% JUL 2 2 2014 Machinery/Butchering/Packaging Value 29,790,962 WELD COUNTY Opinion of M&E Value 19,133,452 COMMISSIONERS Requested reduction 10,657,510 RECEIVED au 1 JUL 2 2 2014 xE` L. WELD COUNTY COMMISSIONERS r m u smosoni -mosia immom mmminii z C 0 C mmnimme 0 0 a W rr y r w w a ≥ OV c ^ O 'o U Z m o 1:7o m o d - 7- 0 U -J J J 2GA m W N C CO n 5 CLERK TO THE BOARD 1861 PHONE (970) 336-7215, EXT 4226 FAX (970) 352-0242 /� WEBSITE: www.co.weld.co.us 1150 O STREET P.O. BOX 758 V GREELEY CO 80632 COUNTY July 22, 2014 JBS USA LLC 1770 PROMONTORY CIR GREELEY, CO 80634-9039 Account No.: P0003960 Dear Petitioner(s): The Weld County Board of Equalization has set a date of July 29, 2014, at or about the hour of 4:15 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, 2014, and mailed to you on or before August 12, 2014. 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. AS0088 JBS USA LLC - P0003960 Page 2 Please advise me if you decide not to keep your o appointment as scheduled. If you need any additional information, please call me at your convenience. Very truly yours, BOARD OF EQUALIZATION ltd / $ Jdo•t4. Esther E. Gesick Clerk to the Board Weld County Board of County Commissioners cc: Christopher Woodruff, Assessor UHY ADVISORS SALT LLC 2929 ALLEN PARKWAY 20 FLOOR HOUSTON, TX 77019 AS0088 Hello