HomeMy WebLinkAboutR10-140 Assessor Generated Abatement Petitions Commissioner C- 0T moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
Resolution No. 2010 - �� G
RESOLUTION CONCERNING ASSESSOR GENERATED
PETITIONS FOR ABATEMENTS AND REFUNDS OF TAXES BEFORE
THE EAGLE COUNTY BOARD OF COUNTY COMMISSIONERS
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 the Eagle
County Assessor (the "Assessor ") for the purposes of correcting erroneous valuations for assessment,
irregularity in levying, clerical errors and /or overvaluations discovered by the Assessor; and
WHEREAS, the Board has considered the recommendations of the Assessor with respect to the
abatement petitions submitted by the Assessor, and such recommendations are attached hereto as
Exhibit "A," and incorporated herein by this reference.
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 for the schedule
numbers, the tax years and the reasons set forth in the Assessor's recommendations attached hereto
as Exhibit "A" and enters orders with respect to the petitions for abatement in accordance with such
recommendations.
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."
MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of
Eagle, State of Colorado at its regular meeting held the 1 klay of M.) V , 2010.
COUNTY OF EAGLE, STATE OF COLORADO
BY AND THROUGH ITS BOARD OF COUNTY
COMMISSIONERS
BY: � i • d • • �u. ----
. Fisher, if
ATTEST: c`' oak. co , -
i A
o° * on S : vney, C •�a�! io�/
o
Teak J. Simon on, Clerk to the
Board of County Commissioners Peter F. Runyon Commissioner
Commissioner 1 LA `'I - seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Sara J. Fisher IQ—�
Commissioner Jon Stavney ✓1-,.
Commissioner Peter F. Runyon
This Resolution passed by Y ti vote of the Board of County Commissioner of the
County of Eagle, State of Colorado.
2
ABATEMENT RECOMMENDATION 1
ASSESSOR GENERATED XX ADMIN CHANGE YES / NO
TAXPAYER GENERATED ADMIN- CHANGED BY
DATE CHANGED
To: Mark Chapin, Eagle County Assessor
From: Dixie Kozinski
Date: 10/12/2010
Owner: Davison, Guillermo Barnetche
Schedule #: R011707 Parcel #: 2105 - 133 -02 -005
The appraisal section has completed its review of the referenced property as of this
date-and hereby submits it's findings E. recommendations as stated below:
Denial XX Approval as Submitted
Abatement /Refund different than requested (Approval in part)
Assessment Rate: - 29 %
TAX YEAR TAX YEAR 2009
TAC Mill Rate TAC SC043 Mill Rate 55.703
Actual Assessed Tax Actual Assessed Tax
Value Value Amount Value Value Amount
riginal: Original: $2,800,000 $ 812,000 $ 45,230.84
orrected: Corrected: 2 400 000 69
$ $ 696,000 $ 38,769.28
Abate /Refund: Abate /Refund: 400,000 $ 116,000 $ 6,461.56
The basis of the recommendation is: During 2009 and 2010 appeals, it was determined that
the land value on interior lots along Upper Holden /Borders Rd was overstated. New value
of 2,400,000 was derived by reducing the base of 2,800,00 by 15% for inferior location,
and building site.
(7 -1 ,,�� ./ � i ojtatto
Appraisal Manager Approval:, i q/ Assessor Approval:
rev. 07 /2010jmc EXHIBIT
ABATEMENT RECOMMENDATION
• ASSESSOR GENERATED X ADMIN CHANGE YES / NO
TAXPAYER GENERATED ADMIN- CHANGED BY
DATE CHANGED
To: Mark Chapin, Eagle County Assessor
From: Lee Martens
Date: 9/13/2010
•
Owner: Betty A Ginsburg Revocable Trust -David P. Raife
Schedule #: R050670 Parcel#: 2465 - 112 -25 -007
The appraisal section has completed its review of the referenced property as of this
date and hereby submits it's findings & recommendations as stated below:
Denial X Approval as Submitted
Abatement /Refund different than requested (Approval in part)
Assessment Rate: 29s •
Classification: Commercial _
TAX YEAR 2009
TAX YEAR
TAC 081 Mill Rate 61.528 TAC Mill Rate
Actual Assd Taxes Actual Assd Taxes
ig: $849,080 $246,230 $15,150.04 Orig:
rr: 680 000 197 200
$ 12
$ _$ ,133.32 . Corr:
Abate:$169,080 $ 49,030 $ 3,016.72 Abate:
The basis of the recommendation is:
This property was originally valued using the market method with sales in the area. The
income method for valuation was considered after the owner provided financials. The owner's
financials were analyzed and fell in line with the market
Y rent analysis conducted by the
Assessor's office. The analysis indicated rents at $16 S/F which created an effective gross
income (after adjustment for vacancy and collection) of $40,800. With a local cap rate of 6%
applied to the EGI the value is $680,000. A stipulation for 2010 was signed between the
owner's agent and the Assessor's office for a value of $680,000. This abatement is to
correct the 2009 value to the 2010 appeal adjusted value. Pursuant to CRS 39 -1 -114, this
abatement should be granted due to overvaluation.
1 Appraisal Manager Approval: ' ^y '/
pP 5 PP ,a , 1 #� As s e s s o
'Approval:
G: \DOCS \Forms \ABATREC2.FRM
rev. 08/18/09 jmc
ABATEMENT RECOMMENDATION
ASSESSOR GENERATED X ADMIN CHANGE YES / NO
TAXPAYER GENERATED ADMIN - CHANGED BY
DATE CHANGED
To: Mark Chapin, Eagle County Assessor
From: Lee Martens
Date: 9/13/2010
Owner: Paragon S &S Real Properties LLC
Schedule #: R050669 Parcel #: 2465 - 112 -25 -006
The appraisal section has completed its review of the referenced property as of this
date and hereby submits it's findings & recommendations as stated below:
Denial X Approval as Submitted
Abatement /Refund different than requested (Approval in part)
Assessment Rate: 29 %
Classification: Commercial
TAX YEAR 2009 TAX YEAR
TAC 081 Mill Rate 61 :528 TAC Mill Rate
Actual Assd Taxes Actual Assd Taxes
rig: $786,040 $227,950 $14,025.32 Orig:
orr: $680,000 $197,200 $12,133.32 Corr:
Abate:$106,040 $ 30,750 $ 1,892.00 Abate:
The basis of the recommendation is:
This property was originally valued using the market method with sales in the area. The
income method for valuation was considered after the owner provided financials. The owner's
financials were analyzed and fell in line with the market rent analysis conducted by the
Assessor's office. The analysis indicated rents at $16 S/F which created an effective gross
income (after adjustment for vacancy and collection) of $40,800. With a local cap rate of 6%
applied to the EGI the value is $680,000. A stipulation for 2010 was signed between the
owner's agent and the Assessor's office for a value of $680,000. This abatement is to
correct the 2009 value to the 2010 appeal adjusted value. Pursuant to CRS 39 -1 -114, this
abatement should be granted due to overvaluation.
,w
Appraisal Manager Approval:a 4L Y\ '��. Assessor Approval.
G: \DOCS \Forms \ABATREC2.FRM
rev. 08/18/09 jmc
ABATEMENT RECOMMENDATION
ASSESSOR GENERATED _XX _ ADMIN CHANGE YES / NO
TAXPAYER GENERATED ADMIN- CHANGED BY
DATE CHANGED
To: Mark Chapin, Eagle County Assessor
From: Sandy Skiles
Date: 9/27,2010
Owner: Victor P. Micati
Schedule #: R045911 Parcel #: 2107 - 172 -01 -004
The appraisal section has completed its review of the referenced property as of this date
and hereby submits it's findings & recommendations as stated below:
Denial XX Approval as Submitted
Abatement /Refund different than requested (Approval in part)
Assessment Rate: 7.96 %
Classification: Residential
TAX YEAR 2009 TAX YEAR
TAC SC170 Mill Rate 103.123 TAC Mill Rate
Actual Assd Taxes Actual Assd Taxes
Orig: _6,648,210 529,200 54,572.68 Orig:
-) rr: _6,001,660 477,730 49,264.96 Corr:
Abate: 646,550 51 470 5,307.72 Abate:
The basis of the recommendation is : An inspection of this property took place on 6/25/2010. This home
is an excellent quality home, but is overbuilt for the area. It also is located in the Territories at Cordillera which is the longest
distance from the Cordillera gate. The lots are 35 acres and are allowed outbuildings, and horses. The problem with finding
comparables is the size of the subject with 13,361 effective square feet. After the inspection of the subject and reviewing all of
the comparables it was determined that the subject was overvalued. A 25% functional obsolescence was placed on the subject
due to super adequacy, and in this way the new value is supportable in the market place.
The property was adjusted in the 2010 appeals period. To be equitable between the two tax years, the 2009 value should also be
adjusted.
Apprai Manager Approval: 1011 110 Assessor Approval: Z , /'
: \DOCS \Forms \ABATREC2.FRM
rev. 08/18/09 jmc
AttA"1.tMJNT ittieUMMJNDAT±UN
ASSESSOR GENERATED XX ADMIN CHANGE YES / NO
TAXPAYER GENERATED ADMIN- CHANGED BY
•
DATE CHANGED
To: Mark Chapin, Eagle County Assessor
From: Sandy Skiles
Date: 9/27,2010
Owner: David N. & Julie Eskenazi
Schedule #: R049658 Parcel #: 2107 - 164 -03 -009 '
The appraisal section has completed its review of the referenced property as of this date
and hereby submits it's findings & recommendations as stated below:
Denial XX Approval as Submitted
Abatement /Refund different than requested (Approval in part)
Assessment Rate:
Classification:
TAX YEAR _2009 _ TAX YEAR
TAC _ SC170 Mill Rate103.123 TAC Mill Rate
Actual Assd Taxes Actual Assd Taxes
Orig: _ 953,750 276,590 28,522.80 Orig:
r: 735,750 213,370 22,003.36 Corr:
Abate: 218,000_ _ 63,220_ 6,519.44 Abate:
The basis of the recommendation is: This is a sale property which sold higher than all other comparable
sale lots with similar location and views. This property was adjusted at the Assessor level during the 2010 appeals period and
should be adjusted to match for the 2009 tax year.
Appraisal Manager Approval: b-1 'Lb Assessor Approval:
G: \DOCS \Forms \ABATREC2.FRM
rev. 08/18/09 jmc
