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HomeMy WebLinkAboutR10-051 Abatement Settlement Recommendationsl_.J Commissioner ~ moved adoption of the followin esolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO Resolution No. 2010 - ~( RESOLUTION CONCERNING THE ABATEMENT SETTLEMENT RECOMMENDATIONS OF THE EAGLE COUNTY ASSESSOR'S OFFICE WHEREAS, the Board of County Commissioners for Eagle County, Colorado (hereinafter referred to as the "Board") is responsible for hearing petitions for refunds or abatement of property taxes pursuant to C.R.S. §§ 39-1-113 and 39-10-114; and WHEREAS, various petitions for abatement have been submitted to the Board by taxpayers for the purposes of correcting erroneous valuations for assessment, irregularity in levying, clerical errors and/or overvaluations discovered by the Assessor; and WHEREAS, said petitions have been previously submitted to the Eagle County Assessor (the "Assessor") for consideration and recommendation; and WHEREAS, the taxpayers have had an opportunity to review the Assessor's recommendations on such petitions and the taxpayers, by the stipulation agreements attached hereto as Exhibit "A" and incorporated herein by this reference, have indicated that they agree with the Assessor's recommendations; and WHEREAS, the Board has also considered the recommendations of the Assessor and approves of the stipulation agreements as set forth in the attached Exhibit "A." NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Eagle County, Colorado, THAT, the Board hereby approves the recommendations of the Assessor and enters orders with respect to the petitions for abatement in accordance with the Assessor's recommendations and resulting stipulation agreements for the schedule numbers, the tax years and for the reasons as set forth in the attached Exhibit "A." THAT, for each order issued by the Board in which an adjustment to the respective Petitioners' valuation is indicated, subject to approval by the State Property Tax Administrator where required by the terms of C.R.S. § 39-1-113(3), the Board directs the Assessor to adjust the valuation or take such other action as more particularly set forth in the recommendations set forth and attached hereto as Exhibit "A." u MOVED, READ AND ADOPTED by the Board of Coun Commissioners of the County of Eagle, State of Colorado at its regular meeting held the ~ day of , 2010. COUNTY OF EAGLE, STATE OF LORADO BY AND THROUGH ITS BOARD OF COUNTY COMMISSIONERS BY: ,Saba J. Fisher, ~irr}~ar ATTEST: . `c~`~-~(^ J n S avn y, o mi~ ss Teak J. Simont n, Clerk to the ~ ` Board of County Commissioners Peter F. Runyon, Commi Commissioner seconded adoption of the foregoing resolution. The roll having been called, the vote was follows: Commissioner Sara J. Fisher Commissioner Jon Stavney Commissioner Peter F. Runyon 3~ a 19 ` a BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R053795 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) 501 BACHELOR GULCH LLC Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 130 Daybreak Rdg. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $3,595,190 $3,595,190 Classification: Residential Residential Assessment Rate: 7.96% 7.96% Assessed Value: $286,170 $286,170 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $3,595,190 $3,305,310 Classification: Residential Residential Assessment Rate 7.96% 7.96% Assessed Value $286,170 $263,100 4. Brief narrative as to why the correction should be made: Abatement petition for • • 2007 should be denied. Petitioner was not owner of record for 2007. Abatement should be approved in part for 2008. Subject property is a sale property within the data collection period. Subject sold on 2/14/05 with a time adjusted sales price of $3,305,310. All comparables have adjusted sales prices ranging from $3,305,310 - $4,526,139. I am establishing the subjects TASP of $3,305,310 as the new actual value. The Eagle County Assessor's office is audited annually by an independent auditing firm. This audit found the 2007 time adjustment reasonable and justifiable. Further support of the time adjustment is that another property within the Bachelor Gulch Village Resort & Spa went under contract on July 5, 2006 (5 days after the June 30, 2006 appraisal date) for $7,500,000 while the assessor's office had a June 30, 2006 value of $7,208,630 on this property. This supports the time adjustment and the revised June 30, 2006 value of the subject of $3,305,310. 5. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. ~ ~r- ~ Dated this -,~ day of ~~ ~ , 2010. ~~~ Petitioner Address Phone Mark Chapin, County Asseg~or Or his designee P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 • • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R053796 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) 502 BACHELOR GULCH LLC Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: The property subject to this stipulation is described as: 130 Daybreak Rdg. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $3,726,150 $3,726,150 Classification: Residential Residential Assessment Rate: 7.96% 7.96% Assessed Value: $296,600 $296,600 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $3,354,370 $3,354,370 Classification: Residential Residential Assessment Rate 7.96% 7.96% Assessed Value $267,010 $267,010 4. Brief narrative as to why the correction sho uld be made: Abatement should be • • approved in part. Subject property is located next door to comp 1. These properties are extremely similar in size, amenities and views. The adjusted sales price for Comp 1 is $3,354,370. The Eagle County Assessor's office is audited annually by an independent auditing firm. This audit found the 2007 time adjustment reasonable and justifiable. Further support of the time adjustment is that another property within the Bachelor Fulch Village Resort & Spa went under contract on July 5, 2006 (5 days after the June 30, 2006 appraisal date) for $7,500,000 while the Assessor's office had a Juen 30, 2006 value of $7,208,630 on this property. This supports the time adjustment and the revised June 30, 2006 value of the subject of $3,354,370. 5. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. ~..- Dated this 1~ day of ~'' , 2010. ~~.~, L~i~G~~ Petitioner Mark Chapin, Cour~t~ Asses~r Address Or his designee Phone P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R030206 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) ROBERT SHAW Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 420 Little Andorra Rd. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $467,200 $467,200 Classification: Land Land Assessment Rate: 29% 29% Assessed Value: $135,490 $135,490 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $360,000 $360,000 Classification: Land Land Assessment Rate 29% 29% Assessed Value $104,400 $104,400 4. Brief narrative as to why the correction should be made: Based on the sales ~• • C~ from January 1, 2005 through June 30, 2006 the Assessor's recommended value of $360,000 for the 2007 & 2008 tax years is fair and equitable. The comparables used in this report are vacant land sales within the same Cordillera Divide neighborhood as the subject. The adjustments made to each comparable are based on location, topography, and view. Pursuant to CRS 39-10-114, this parcel was overvalued for 2007 & 2008. Therefore, I would recommend approval of the abatement petition at the Assessor's value of $360,000. 5. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. Dated this ~~ day of ~ Gt.~`~'" ~, 2010. ~--~ ~ Petitioner Address Phone Mark Chapin, County Asse~sori Or his designec: ` P.O. Box 850 T Eagle, Colorado 81631 (970) 328-8640 BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R030205 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) ROBERT SHAW Petitioner, vs EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 465 Little Andorra Rd. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $620,500 $620,500 Classification: Land Land Assessment Rate: 29% 29% Assessed Value: $179,950 $179,950 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $360,000 $360,000 Classification: Land Land Assessment Rate 29% 29% Assessed Value $104,400 $104,400 4. Brief narrative as to why the correction should be made: Based on the sales from January 1, 2005 through June 30, 2006 the Assessor's recommended value of $360,000 • • for the 2007 and 2008 tax years is far and equitable. The comparables used in this report are vacant land sales within the same Cordillera Divide neighborhood as the subject. The adjustments made to each comparable are based on location, topography, and view. Pursuant to CRS 39-10-114, this parcel was overvalued for 2007 & 2008. Therefore, I recommend approval of the abatement petition for 2007 & 2008 at the Assessor's value of $360,000. 5. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. Dated this _~ day of ~ G~~'Y/" ;2010. ~, ~L.Q~ Petitioner Address Phone Mark Chapin, Coun~,y Assessor Or his designee _ ` P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 • • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R010173 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) JAMES & PATRICIA ARONSTEIN TRUST Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 1320 Westhaven Dr. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $1,897,380 $1,897,380 Classification: Residential Residential Assessment Rate: 7.96% 7.96% Assessed Value: $151,030 $151,030 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $1,521,580 $1,521,580 Classification: Residential Residential Assessment Rate 7.96% 7.96% Assessed Value $121,120 $121,120 4. Brief narrative as to why the correction should be made: Pursuant to CRS 39- 10-114, this abatement should be partially granted due to a review of comparable sales for • this timeframe. The subject property is a top level unit located in the center of the Millrace complex. The only comparable sales for this timeframe in the subject complex (Millrace) are top level units located along the creek which required an adjustment for a view of Gore Creek and better views of the mountains.. Two comparables ales in the neighboring complex (Coldstream) sold close the appraisal date of June 30, 2006. Historical remarks regarding the neighboring complex indicate the units in this complex sell lower than the subject complex units. I pulled historical sales in both complexes and found some evidence to support this remark, however insufficient evidence to make a definite statement to this effect. I spoke to a realtor at Slifer Smith and Frampton regarding the subject complex (Millrace) and. the neighboring comparable complex (Coldstream) and she stated she felt they were comparable. I was unable to find any other comparable sales similar to the subject complex located in Cascade Village. The value of the subject property should be adjusted to the median value ($1,521,580) of the four comparable sales. This same property received an adjustment during the 2009 CBOE appeals. 5. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. Dated this ~ '~ day of ~~'~' `"~-2010. ~ ~ ~~~ ~ _ ~ Petitioner Mark Chapin, Co ty Asse sor Address Or his designee Phone P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 ~~ • BOARD OF EAGLE COUNTY COMNIISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R051911 STII'ULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008 Petitioner, Big Quail Real Estate Holdings LLC, Roger Pack vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: The property subject to this stipulation is described as: 113 Summit Springs Cordillera Fi139 Lot: 1 2. The County Assessor originally assigned the following value and classification to the subject property for tax years 2007 & 2008: 2007 2008 Actual Value: $1,070.000 $1,070,000 Classification: 100 -Vacant Land 100 -Vacant Land Assessment Rate: 29% 29% Assessed Value: $ 310,300 $ 310,300 After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 / 2008 correction: Actual Value Classification: Assessment Rate Assessed Value 2007 $588,500 100 -Vacant Land 29% $170,670 2008 $588,500 100 -Vacant Land 29% $170,670 • 4. Brief narrative as to why the correction should be made: This is the only site in the Cordillera Territories neighborhood that does not have a location adjustment. Looking at sales within the time frame and historical sales I could not find justification for the higher value placed on this lot. The new value better reflects the market sales in this neighborhood. 5. The valuation, as established above, shall ~e binding only with respect to tax years 2007 & 2008. Dated this 5th day of April, 2010. `~ ._. ~~ ~ Petitioner Address Phone ark Chapin, Count ssesso Or his designee P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 • BOARD OF EAGLE COUNTY COMNIISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R057480 STIl'ULATION ON PETITION FOR ABATEMENT OR REF D OF TAXES (As to Tax Year(s) 2007 & 2008 Petitioner, Lowetex Leasing LLC, Michael & Terry Lowe, Roger Pack vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: The property subject to this stipulation is described as: 233 Wildflower Ln. Red Sky Ranch Wolcott, CO 2. The County Assessor originally assigned the following value and classification to the subject property for tax years 2007 & 2008: 2007 2008 Actual Value: $331,560 $1,518,010 Classification: 100 -Vacant Land Residential Assessment Rate: 29% 7.96% Assessed Value: $96,150 $120,840 After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 / 2008 correction: 2007 2008 Actual Value $331,560 $1,205,000 Classification: 100 -Vacant Land Residential Assessment Rate 29% 7.96% Assessed Value $96,150 $95,920 • • 4. Brief narrative as to why the correction should be made: The abatement for 2007 is being denied because the properEy was not purchased by the petitioner until Apri122, 2008. On January 1, 2008 the home was only 50% complete. After looking at the value "as being complete" and comparing that value to sales from the time frame it was found that our completed value would have been too high. After making the adjustments needed to bring the "as complete" value in line with sales and then applying the 50% reduction for the partial completion, the requested value by the petitioner is a fair and equitable. The valuation, as established above, shall be binding only with respect to tax years 2007 & 2008. Dated this 5th day of A ril, 2010. ~~ ; Petitioner Address Phone ark Chapin, County A sessor Or his designee P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 U BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R057479 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) M&B RED SKY PROP. N0.37 LLC Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 213 Wildflower Ln. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $993,320 $2,755,680 Classification: Residential Residential Assessment Rate: 7.96% 7.96% Assessed Value: $79,070 $219,360 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $993,320 $2,100,000 Classification: Residential Residential Assessment Rate 7.96% 7.96% Assessed Value $79,070 $167,160 • 4. Brief narrative as to why the correction should be made: The petitioner of this abatement was not the owner of the property in 2007. A taxpayer must have proper standing to file an abatement petition. The first criterion is ownership. Yale Investments, Inc. v. Property Tax Administrator, 897 P.2d 890(Colo. App. 1995). Based on the sales from January 1, 2005 through June 30, 2006 the petitioner's requested value for the 2008 tax year, $2,100,000, is fair and equitable. The comparables used in this report are single family sales. Comparable One is within the Red Sky neighborhood, but not the same clustered neighborhood as the subject. The rest of the comparables are from Clustered communities within the Cordillera neighborhood. The adjustments made to each comparable are based on location, view, size, age, bathroom count and garage size. Pursuant to Yale Investments, Inc. v. Property Tax Administrator, 897 P.2d 890(Colo. App. 1995): the abatement petition for 2007 should be denied. Pursuant to CRS 39-10=104: taxes on this parcel have been levied erroneously in 2008. This Abatement petition for 2008 should be approved. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. Dated this ~ day of G~~~~`" 1, 2010. Petitioner Address Phone ~~ Mark Chapin, Count Assess Or his designee P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 • BOARD OF EAGLE COiJNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R052126 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) FRANCIS McLARNEY Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 41 Eagle Feather 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $1,048,050 $1,048,050 Classification: Land Land Assessment Rate: 29% 29% Assessed Value: $303,930 $303,930 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $1,048,050 $795,000 Classif cation: Land Land Assessment Rate 29% 29% Assessed Value $303,930 $230,550 4. Brief narrative as to why the correction should be made: In 2007 the owner of this property filed a protest based on valuation and was denied at the Assessor level. Per Colorado • Revised Statute: 39-10-114(1)(a)(I)(D), The law precludes owners from filing a protest and an abatement petition for the same assessment year when overvaluation is the reason the abatement was filed. Based on the sales from January 1, 2005 through June 30, 2006 the petitioner's value for the 2008 tax year, $795,000, is fair and equitable. The comparables used in this report are vacant land sales within the same neighborhood as the subject. The adjustments made to each comparable are based on location, topography, and view. Pursuant to CRS 39-10-114(1)(a)(I)(D): the abatement petition for 2007 should be denied. Pursuant to CRS 39-10-104: taxes on this parcel have been levied erroneously. This Abatement petition for 2008 should be approved. 5. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. Dated this _~ day of ~ ~'~ , 2010. ~~~~a~ bpi ~'~~' Petitioner Address Phone i~~ .~?~~ Mark Chapin, Co t Asses r Or his designee P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 • • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R043549 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 and 2008) FRANK MEDINA Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: The property subject to this stipulation is described as: 789 Main St. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $3,099,920 $3,099,920 Classification: Residential Residential Assessment Rate: 7.96% 7.96% Assessed Value: $246,760 $246,760 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $1,676,180 $1,676,180 Classification: Residential Residential Assessment Rate 7.96% 7.96% Assessed Value $133,420 $133,420 • • 4. Brief narrative as to why the correction should be made: Abatement should be approved in part. Analysis of all 9-13 acres parcels county wide support a lower land value of $633,560. Value of improvement was adjusted slightly for some deferred maintenance and the second single family model, for the apartment above the garage, was combined with the main living area. These adjustments have brought the total value of the property for 2007/2008 to $1,676,180. Comparables of improved properties have values ranging from $1,457,528 thru $2,508,246 when adjusted to the subject. The valuation as established above, shall be binding only with respect to tax year 2007 and 2008. Dated this ~ ~ day of ! " ~"~ , 2010. V" t o Petitioner Address Phone ark Chapin, County Asses r Or his designee P.O. BOX 850 Eagle, Colorado 81631 (970) 328-8640 • • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R011592 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) ALEX PALMER Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 263 Holden Rd. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $4,201,640 $4,201,640 Classification: Residential Residential Assessment Rate: 7.96% 7.96% Assessed Value: $334,450 $334,450 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $3,760,000 $3,760,000 Classification: Residential Residential Assessment Rate 7.96% 7.96% Assessed Value $299,300 $299,300 4. Brief narrative as to why the correction should be made: The subject property is a home located on Holden Road in Beaver Creek. A physical inspection of the residence was • • completed in 2009 resulting in a change in quality of construction from excellent to very good. The comparable sales grid was completed employing the amended quality of construction of very good for the subject property. I would recommend that the valuation of the subject property be lowered to $3,760,000 based on market sales of comparable properties. The adjusted sales prices indicate a range of value of $3,365,465 to $3,996,930. The amended value is fair anal equitable with other very good quality homes in this neighborhood. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. Dated this ~ ~ day of 1 " tDwn'- ` , 2010. Petitioner Address Phone ~~~~ Mark Chapin, Cou ty ssesso Or his designee G~•(, P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 • • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R049838 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) PESTER REV TRUST AGREEMENT Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on .this stipulation. Petitioner and Respondent agree and stipulate as follows: The property subject to this stipulation is described as: 782 Granite Springs Trl. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $667,000 $667,000 Classification: Land Land Assessment Rate: 29% 29% Assessed Value: $193,430 $193,430 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $500,000 $500,000 Classification: Land Land Assessment Rate 29% 29% Assessed Value $145,000 $145,000 r~ ~~ 4. Brief narrative as to why the correction should be made: Based on the sales from January 1, 2005 through June 30, 2006 the Assessor's recommended value for the 2007 and 2008 tax years should be $500,000 to be fair and equitable. The comparables used in this report are vacant land sales within the same neighborhood as the subject. The adjustments made to each comparable are based on location, topography, and view. Pursuant to CRS 39-10-114, this property was overvalued and therefore, qualifies for an abatement. This abatement petition should be approved at the Assessor's recommended value of $500,000 for both 2007 and 2008 tax years. The valuation, as established above, shall be binding only with respect to tax year 2007 & 2008. Dated this ~ ~ day of Gt,~'~' 6 2010. Petitioner Mar Chapin, Co t i Assess Address Or his designee Phone P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 ~J U BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R049270 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008) AJ ROBBINS Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 759 Main St. 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 & 2008: 2007 2008 Actual Value: $1,158,630 $1,158,630 Classification: Land Land Assessment Rate: 29% 29% Assessed Value: $336,000 $336,000 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 & 2008 correction: 2007 2008 Actual Value $526,270 $526,270 Classification: Land Land Assessment Rate 29% 29% Assessed Value $152,620 $152,620 4. Brief narrative as to why the correction sh ould be made: Abatement should be • • approved in part. While Minturn only ad sales of vacant land less than .5 acre during the data collection period, analysis of smaller parcels county wide show similar price points between Homestead and Bellyache ridge to Minturn. As a result, analysis of 3-5 acre sales in the Homestead and Bellyache Ridge neighborhoods was done. The most weight was put on 3-5 acre sales that occurred in Homestead Fi12 during timeframe as these are the most similar in amenities and views. These sales support a land value of $526,270, or $13 6,375/acre. The comparable properties have adjusted sales prices ranging from $425,486 thru $780,876. 5. The valuation as established above, shall be binding only with respect to tax year 2007 & 2008. Dated this l (~ day of 1M a ~8'~' 1, 2010. ~~hc~`~ Petitioner Address Phone Mark Chapin, Cou t Assess Or his designee P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R014715 STII'ULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) _2007 / 2008 Petitioner, 4. Paul H., Jr and Catherine L. Slaugh /Roger Pack =~(-~~~ih~`, vs. EAGLE COUNTY ASSESSOR APB ~tltl~ Respondent. ,_:, E ,-~~~z4v~v Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: The property subject to this stipulation is described as: BELLYACHE RIDGE FIL 1 Lot: 3 Block: - 4188 BELLYACHE RIDGE ROAD 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 / 2008: Actual Value: $_1,101,140 Classification: Residential ' Assessment Rate: _ _7.96% Assessed Value: $ 87,650 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 / 2008 correction: [OR: After review and discussion, Petitioner(s) and the Eagle County Assessor agree that the property should be classified as [agricultural, residential, etc.] resulting in the following correction:] Actual Value $_935,000 Classification: _Residential Assessment Rate 7.96% Assessed Value $ 74,430 4, Brief narrative. as to why the correction should be made: After a physical inspection of the subject property on March 30, 2010 it was found that the construction quality on this home was overstated. After looking at the sales comparables the petitioners requested value of $935,000 is fair and equitable. • • 5. The valuation [or classification change), as established above, shall be binding only with respect to tax years_2007/2008. Dated this day of ~ ,~`~ ~ 2010. Petitioner ~ ©~~ ~, k ~ ~, Address ~ ~ ~~, CO ~,,~,~ ~ ~ Phone ~- t,t~9~ Mar Chapin, County Assessor Or his designee P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 03/23/2010 01:14 2145449301 • JSA PTC • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF ,EAGLE Eagle County Schedule Nunnbrr: R044532 PAGE 03/04 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Xear(s) 2007 & 2008) WF.STSTAR BANK (U.S. BANK) Petitioner, vs. E,A,GL' E COUNTY ASSESSOR Respondent, Petitioner and Respondent hereby enter into this Stipulation regazding Petitioner's petition for aba.temer,t/refund of taxes, and jointly move the Eagle County Board. of County Commissioners to enter its decision based on this stipulation. Petitioner and Respond.cnt agree and stipu.latc as follows: 1. The property subject to this stipulation. is described as: 000035 Cooley Mesa Rd. 2. The County Assessor originally assigned the following value and c.lassificativn. to the subject property for tax year 2007 & 2008: 2~ 2008 Actual. Value: $968,850 $968 850 Classification: Commercial , Commerical Assessment Rate: 29"/0 . 290/" Assessed Value: $280,970 $280,970 3. After review and negotiation, Petitioner.(s) and the Eagle County Assessor agree to t17e following tax year 2007 & 2008 correction.: Actual Value 2007 $484,430 2008 $484 430 Classification; Cgtnmercial , Commercia] Assessment Rate 29% , 29"/0 Assessed Value $140,480 $140,480 4. Briv#' narrative as to why the corrcctia n should be made: This lot i.s used in. 03/23/2010 01:14 2145449301 • JSA PTC • PAGE 04/04 conjunction with the Weststar Bank building located on adjacent parcel ~R044533, and fulfills the parking requirement for the adjacent parcel. One half of tlae lot is consumed by th.e parking requirements, limiting the amount of development that could be built on this vacant site. Development of this lot would require an access easement to the adjacent parcel as access .is through this lot; as well as underground parking to accommodate the parking requirements of the existing buildi.ztg and the requ.ircments of any proposed stn~cture. This recommendation is based on the reduced utility of the site. 5. The valuation as established above, shall be binding only with respect to tax yeaz 2007 & 2008. 1~ated this ~~ ~ y of __J/Yq/1~ , 201.0. ~~~ Petitioner, eevklt.~/.o W¢,,_t~c< Address s1M .~/,~ -~-Assoc - Phone P v, ~c~ ,907" lrc.,~,N~~7 7~ 7~~7a ~ ~ ~ szr~- 92 ~~ Or laic designee P.O. Box 850 i Cagle, Colorado 8.1631 (970) 328-8640 • • BOARD OF EAGLE COUNTY COMMISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R053902 STIPULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 and 2008) RANDY ROBASON, FREEDOM FAMILY LP Petitioner, vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and subject to the State Property Administrator's approval as may be required by the terms of C.R.S. § 39-1-113(3), jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: 1. The property subject to this stipulation is described as: 1139 Sandstone Rd., Subdivision: Indian Creek Townhomes Lot: 4 2. The County Assessor originally assigned the following value and classification to the subject property for tax year 2007 and 2008: 2007 2008 Actual Value: $2,784,790 $2,784,790 Classification: Residential Residential Assessment Rate: 7.96% 7.96% Assessed Value: $221,670 $221,670 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 and 2008 correction: 2007 2008 Actual Value $2,250,000 $2,250,000 Classification: Residential Residential Assessment Rate 7.96% 7.96% Assessed Value $179,100 $179,100 4. Brief narrative as to wh y the correction should be made: Comparable sales • • were analyzed for the 2007 and 2008 tax years to determine the fair market value of the subject property. It was determined that the assessor's office has over valued the subject property. I recommend the value should be lowered based on the attached comparable sales grid. 5. Subject to the State Property Administrator's approval as may be required by the terms of C.R.S. § 39-1-113(3), the valuation, as established above, shall be binding only with respect to tax year 2007 and 2008. Dated this ~' ~ day of ~ ~`-~ ~ , 201.0. ~l , Petitioner C pin, County Ass ssor Address Or his designee Phone P.O. Box 850 Eagle, Colorado 81631 (970) 328-8640 U • BOARD OF EAGLE COUNTY COMN>ISSIONERS STATE OF COLORADO, COUNTY OF EAGLE Eagle County Schedule Number: R045610 STIl'ULATION ON PETITION FOR ABATEMENT OR REFUND OF TAXES (As to Tax Year(s) 2007 & 2008 Petitioner, JEAN J. OGLETHORPE REVOCABLE TRUST, Roger Pack vs. EAGLE COUNTY ASSESSOR Respondent. Petitioner and Respondent hereby enter into this Stipulation regarding Petitioner's petition for abatement/refund of taxes, and jointly move the Eagle County Board of County Commissioners to enter its decision based on this stipulation. Petitioner and Respondent agree and stipulate as follows: The property subject to this stipulation is described as: 278 Sunquist Rd Cordillera Fil 27 Lot 61 Edwards, CO 2. The County Assessor originally assigned the following value and classification to the subject property for tax years 2007 & 2008: 2007 2008 Actual Value: $460,000 $460,000 Classification: Contiguous Residential Contiguous Residential Assessment Rate: 7.96% 7.96% Assessed Value: $36,620 $36,620 3. After review and negotiation, Petitioner(s) and the Eagle County Assessor agree to the following tax year 2007 / 2008 correction: 2007 2008 Actual Value $285,000 $285,000 Classification: Contiguous Residential Contiguous Residential Assessment Rate 7.96% 7.96% Assessed Value $22,690 $22,690 •