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Home My WebLink AboutR19-053 Resolution to Correct and Equalize Property Valuation Commissioner M+ OL4Llt_ • moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS Sitting as the Board of Equalization COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2019-b5 RESOLUTION TO CORRECT AND EQUALIZE PROPERTY VALUATION IN EAGLE COUNTY WHEREAS, the Board of County Commissioners of Eagle County, Colorado organized and convened as the Eagle County Board of Equalization(the "Board") for the purposes of adjusting, equalizing, raising, or lowering the valuation for assessment of real and personal property within the county, fixed and made by the County Assessor for the year 2019; and WHEREAS, pursuant to C.R.S. §S 39-8-102, the Board shall review the valuations for assessment of all taxable property appearing in the assessment roll of the county, correct and errors made by the County Assessor, and,whenever in its judgment justice and right so require, it shall raise,lower, or adjust any valuation for assessment appearing in the assessment roll to the end that all valuations for assessment of property are just and equalized within the county; and WHEREAS,the Assessor desires that the Board adjust certain real and personal property that has not been previously appealed, for the purpose of correcting errors and equalizing the neighboring lands, more specifically described in the attached Exhibit A. • NOW,THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Eagle County, Colorado, acting as the Board of Equalization: THAT, the Board hereby orders with respect to the 2019 assessments of real property in accordance with the adjustment set forth in Exhibit A. THAT,the Board directs the Assessor to adjust the valuation as set forth in Exhibit A and directs the County Clerk to notify the property owner whose value shall be adjusted, as set forth in Exhibit A,within five business days of the adoption of this resolution. THAT, the Board finds, determines, and declares that this Resolution is necessary for the public health, safety, and welfare of the citizens of the County of Eagle, State of Colorado. [Remainder ofpage intentionally left blank] MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of�glorado,in its capacity as the County Board of Equalization at its regular meeting held the S A day of WkitazU S I , 2019. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its oiti^�� OARD OF COUNTY COMMISSIONERS . :,fit; ATTEST: / ,. °LoM By: •... _4 Clerk to the Board of J;01ie cQueeney County Commissioners / s.ai.A. t I & II Kati y Ch a er-Henry Commissioner Matt Scherr Commissioner Commissioners y seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner McQueeney 'AAA w Commissioner Chandler-Henry " Commissioner Schen .46)4.4.-4 Z This resolution passed by 4 vote of the Board of County Commissioners of the County of Eagle, State of Colorado July 26, 2019 Honorable County Board of Equalization Eagle Board of County Commissioners 500 Broadway Eagle, CO 81631 RE: Change in Valuation to Promote Equity in Lionshead Pursuant to C.R.S. 39-8-102 the Eagle County Assessor is requesting a value change in the following property for assessment year 2019: R066386 increased to $1,615,050 from $1,072,390. Reason for request: This account was missed during the reappraisal process. The parcel was split off from another parcel and then sold. The property was not correctly valued based on the 1/1/2019 attributes. The undervaluation has been brought to the Assessor's attention by the agent for the adjoining property as an equity concern. The Assessor's office is requesting this change in order to correct the equity issue relative to neighboring property. Thank you for your consideration in this matter. Sincerely, Mark Chapin Eagle County Assessor John Zimmerman Commercial Appraiser EXHIBIT A Property Record Card • Eagle County BATTLE MOUNTAIN LLC Account: R066386 Parcel: 2101-063-98-013 C/O: LAUNCH Tax Arca: SC202 -VAR. (TOWN)& Situs Address: DEVELOPMENT INC LIONSHEAD TIF- SC202 534 E LIONSHEAD CIR Acres: 0.289 VAIL AREA,0 9744 NW CONANT AVE KANSAS CITY, MO 64153-1832 Value Summary Legal Description Value By: Market Override Subdivision:VAIL LIONSIIEAD FIL 1 Dock: 1 Lot:2&3 PT OF Extra Feulax(1) $--27,4:0 N/A Commercial Land(1) $644,980 WA Total $1,072,390 $1,072,3,,900 �.t1 ll �— — ; -i- ri_ } \ 1[17c f ti +� \ V Y ,,- c, a c LI G 4 1t _ Sale Data Doc.4 Sale Date Deed Type Validity Verified Sale Price Ratio Adj.Price Ratio Time Adj. Ratio Price 201702716 0214/20'7 WI) IJV Y S1 500,000 10.64 $1..500,00[) 30 61 $3,500,000 10 64 Extra Feature Occurrence 1 XFOI3 Codc 239;-PARK Si RCL Abstract Code 2230-SPEC.PURPOSE- TMPROVF.MFNTS Percentage 100.0 U se Code 2000-COMMERCIAL Neighborhood 20252.01-LANDMARKtiAIL Building Nt.mber 0 LIONSHEAD FILE I SuhArea ACTUAL EFFECTIVE HEATED FOOTPRINT XFO8 UI.ib 7020 Total 7,020.00 Value Rabe Rate Rate Rate S427,410 60.85 A#: R066386 P#: 210106308013 As of: 07/29/2019 Page 1 of 2 EXHIBIT A • Property Record Card Eagle County Extra Feature Occurrence 1 Commercial Land Occurrence 1 Abstract Code 2.30-SPEC,PURPOS1_-LAND Percentage 100.0 1':se Cnde 20041-COV(1MMF.RCIAl. Neigl l'.arhond 20252.01 -LANDMARK/VAIL LIONSHEAD FILE I Land Code 7466-LIONSIIEAD COMMERCIAL Super Neighborhood 2200-VAIL CORE COMMERCIAL Six 125S5 7.nnina 11-COMM Location_Adj is:mcnt 25 Abstract Summary Code Classification Actual Value Taxable Actual Taxable Value Override Override 2110 SPFC.PURPOSE-LAND $6,14,9R0 S1f+',010 NA NA 2230 SPEC.PURPOSE-1MPROVbMENTS $42?,410 $123,950 NA NA Total $1,072.340 3310.990 NA NA A#: R066386 P#: 210106308013 As of: 07/29/2019 Page 2 of 2 EXHIBIT A Property Record Card - Eagle County LAZIER LIONSHEAD Account: R008883 Parcel: 2101-063-08-002 PARCEL L LLC Tax Area: SC202 -VAIL. (TOWN)& Situs Address: LIONSHEAD TIF-SC202 000500 E LIONSHEAD CIR 386 IIANSON RANCH RD Acres: 0.780 VAIL AREA,0 VAIL,, CO 81657-4527 Value Summary Legal Description Value By: Market Override Subdivision: VAIL LIONSHEAD FEL I Block: I Lot:1 -3 PT OF Corniiercial land 11) S?,( 500 NLA Commercial(I) $1.223.790 $100,000 Total S4,877,290 $3,753,500 1 1 / ) 1 \ �' �/ • , . , i — 1 .— S/ :=- -. h \ i , ____,,,, 1._...111_j\,, __I L .AY rig; T ' 1 ti s `1 &1' . ,,�--. 4 ____ _,J- ii t I , 1 111111 1 ! •,Y Public Remarks Entry Date Model Remark Commercial Occurroncc I Commercial Land Occurrence 1 Abstrua Cu de 2. 2-MERCHANDISING-LAND Percenlrhe 100 6 Lsc Code 20013-COMMERCIAL Ncighborhoed 20252.01 -LANDMARK/VAIL T.IONSHF.AD FIT.F 1 Land Code 7466-LIONSHEAD COMMERCIAL Super Neighberhooc 2200-SAIL CORE COMMERCIAL Sine 33974 Nysical Adjustment .:9.3 Commercial Occurrence 1 Abstract Cede 2212-MFRCHANT)ISTNG- Percentage 100 0 IMPROVEMENT 1:se Code 2000-COMMF.RMAL Nei,E.,1tholhood 20252.01 -I.,ANT)M,ARK'ti'ATT. LIONSHEAD FILE 1 Building,Type 221200-MFRCHANDSKG A'ch Style. 52-RFCR PATTON A#: R008883 P#: 210106308002 As of: 07/29/2019 Page 1 of 2 EXHIBIT A Property Record Card Eagle County Commercial Occurrence 1 Exterior Wall 11-WOOD SITING Percentage 100 0 Raul'Siru uIe I-FLAT Inleriur Wall 5-DRYWALL Percentage 100.0 Floor Cover 8-VINYL 14-CARPET 11KV Percentage 20.0 Heating Fuel 3-GAS R00 Heulu:g Type 3-FORCE AIR Air Cundilwning I -NONE Actual Year Built 1975 Bedrooms 0 Bathrooms 2 Cnnsrn:c'ion Q•iality i-FAIR Erfectil,e Year Bail) 1975 Fixture;, Z. Rooms 10 Units 6 Rnth rooms 2 Bedrooms 11 Acir.al Year Built 1975 Ell'ecive Yeur Balt 1975 Units 6 Stories 3-STORIES 3.0 1..-se Code 20011-C.0\IMFRCTAI. Gare 0-NO GARAGE. SubArea ACTUAL EFFECTIVE HEATED FOOTPRINT DM I RET 2939 2939 2939 2939 sOr 2517 25:7 2517 2517 Total 5,456.00 :5,456 00 5,456.00 5.156.001 Value Rate Rate Rate Rale S 100,000 18.33 :8.33 13.33 1 8.3 3 Abstract Summary Code Classification Actual Value Taxable Actual Taxable Value Override Override 2112 MERCHANDISING-LAND $3,653.500 $1,059.520 NA NA 2213 MERCHANDISING- $1,221,790 5154,900 $100,000 $29,000 IMPROVEMEN"I' Tnral $4,877,290 $1,414,420 $3,753,500 $1,088,520 A#: R008883 P#: 210106308002 As of: 07/29/2019 Page 2 of 2 EXHIBIT A