HomeMy WebLinkAboutbocc.res.007.2011APPROVED BY c���D:"�e '�'�' �'�,��,��
RESOLUTION �` /L 00 3 � ��
` FOR AS3ESSOR3 AND COUNTY COMMISSIONERS USE ONLY
� D ,ri/j , �/�1,/� (SectionlllorSactionlVmustbecompleleC)
L(f � 1 /
,,, ypp�ppmim etemeM or refuntl filetl purwanl ro sec0an 3&10.714 shall be acteE upon purouant to the proNSions M this secWn Cy Ihe
' � boartl of wunry conunissioners or ihe essessor, as appropnate, vnthin six months of ihe tlate of filin8 such pe0tion, § 3&1-013(17), C.R S
eetion w: Written Mutual Agreement of Assessor and Petitioner
�Only forabnteman6 up to 51.000)
The commissioners of Couniy authorize the assessor by Resolution No.
to reView petltions fOr aDatEmeM Or refuntl and to Settle by written mutual agreement any such peGtion fof
abatement or refund in an amount of one thousand dollars or less per trac[, parcel, or lot of lantl or per schedule
ot personal property, in accordance with § 39-1-113(1.5), C R.S.
The assessor and petitioner mutually agree to the values and tax abatemenVrefuntl oT:
Tax Vear_
A£lYll nawsaed
Original
CorrectaE
A6aw/ReNntl
�
Note� The total tez amount Aoes not intluEe acaued mterest, penalties, arW tees assoGated vrith lele antl/or tlelinquent taz payments,'rf
epPhcable PleaseconteclNewuMytreasurerfirNllpaymentiMamation
PetltioneYS SlgnaNre
AsxssoTS or Dapury AsanaoYa Si8^aW re
Date
W[e
secuon iv: Decision of the County Commissioners
(Must M eomp d Secyon III doaa not epply)
VvHEREAS, The Counly Commissioners of N/T7C//il
called regular meeting heltl on �/�_ O/ , at which meeting there were pn
Counry Commissioners have carefully consi lhe within petition, and are tully advised in relation thereto,
NOW BE IT RESOLVED, That the not agree) with the recommendalion of the assessor
and the petitian be (approved -approvetlln pa denie� with an abatemenVreYUnd as follows�
zo� � g� 5�� e \ ti� l.'1l� � L/WM �� ,--� �
Vea� AssessedValue TazesAbate/Refuntl
Chalryi ofNeBOSNOTCOUntyGOmmlafi erb'S1Q��N�B
I, . County Clerk and Ex-offi o Clerk of the Board of Coun� �, R3�t5stopP,(,s'
in an or e a oremeMioned couMy, o hereby certify that the above and foregang ortler is tru d from'ih�Yj.
recortl of the proceetlings of the Board of Counry Commissioners. ;�
�e;
IN WITN SS EREOF, I have hereunto sel my hand and aifixed the seal of said Co ty *: UE ? �
this�dayof �IL/1/lf�� ��l/ ,�•.,. :'I
—T MOn�� vear
Depurycounty
Note� Abatemenis preabr Man 57.000 Per srheCUle, per yaar, musl be suhmilted in duplicate to ihe Property Ta<AdminisVaror for 2hew.
SecHon v: Action of the Property Tax Administrator
(For all abaWmen[a greabr ihen {7,000)
The adion of the Board of County Commissioners, relalive to the within petition, is hereby
❑Approved DApproved in part $ ❑ Denied for the Pollownng reason(s):
SecretaysSiOnewre PropeMTaxAdminisvaroYSSignaWm Date �1
1SDPT-AR No 920.66N8 /
County, State of Colorado, at a duly artd lawfully
PETITION FOR ABATEMENT OR REFUND OF TAXE8
counpr.PGN1+
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� �crtllYt��S �yY�e utE���i PaquG�•
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Appraiser Recommendation for an Abatement
Assessor Generated
Taxpayer Generated �
To: Tom Isaac, Pitkin County Assessor
From: Micah Hayward
Date: 11 /29/2010
Petitioner: Claudine Austin Williams
Schedule #: R003168
Parcel #: 273706300019
The appraiser has completed a review of the referenced property, as of this date, and I�ereby
submits a recommendation as stated below:
❑ Deny
❑ Approve as Submitted
■. AbatemenVRefund Different than requested
� Abatement for Year:
Data collection period
for year #1:
� Assessment Rate:
I Tax Area:
� Mill Levy:
� Actual Value this year:
I New Value:
� Original value:
� Corrected value:
� Refund:
2009
7/1 /2006-
6/30/2008
7.96 %
008
21.211
$10,649,400
$9,600,000
I Assessed Value Tax Amount
$847,690 $17,980.36
� $764,160 $16,208.60
I$ 83,530 $ 1,771.76
� Abatement for Year:
Data collection period
for year #2:
Assessment Rate:
Tax Area:
� Mill Levy:
I Actual Value this year:
� New Value:
� �
� � Original value:
f Corrected value:
� Refund:
NA
NA
NA
NA
NA
NA
NA
Assessed Value � Tax Amount
$NA $NA
$NA $NA
$NA I $NA
The basis of this recommendation is: Based on comparable sales from 7/1/2006-6/30/2008 in the Red
Mountain area, the Assessor's Office and the petitioner have mutually agreed on an adjusted value for
2009/2010 of $9,600,000. Please see the attached stipulation agreement and comparable sales
spreadsheet.
Chief Appraiser Approval:
�
Assessor Approval: �l�
PiTKIN COUNTY ASSESSOR
506 E MAIN ST STE 202
ASPEN CO 81611
PNONE: (970) 920-5180
FAX: (970} 920-5774,
PETITIONER: Claudine Austin UNiIIfAms
SCHEOULE #: R0003i68
The Pitkln County Asaessor and fhe above mentloned petttioner, stipulate to the terms and values listed
below:
ABA7EMENT STIPULA710N Ac3REEMENT
For the tax year of 2008
The Asssssor and petitioner mutuafly agree to an actual value of $ 9.BOO.OpO
for a totsl tax amount of $ 18,208.8Q
For the tax year of NA
resulting !n an abatementlrefund of $ 1.771.76
The Assesso� and petitane� mutually agree to an actua! value of $ NA
for a total tax amount of $ NA , resulting i� an abetemenUrefund of $
R11
PLEASE NO7E: 7HE TOTAL TAX AMOUNT pOES �l¢T INCLfJDE ACCRUED 1NTEREST, PENALTIES,
APtD/012 FEES, IF APPLICABLE, AS THESE I7EM3 CAN NOT BE ABATED/REFUNDED. P1,EASE
CONTACT YOUR COt1NTY TREASURER FOR FULL PAYMENT INFORMU4TfON.
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16
LOCATION MAP
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s�.,�� i� u�.��u M., !x �
June 28, 2010
Petition for Abatement or Refund oi' Taxes
Pitkin County Commissioners
530 E. Main Street
Aspen, CO 81611
Property Address: 209 E. Reds Road, Aspen, CO
Schedule Number: R003168
Petitioner's Name: Claudine Austin Williams
Dear Pitkin County Commissioners:
RECEIVE�?
JUL 13 20i�
F�iticin Cour,:.
��
On behalf of the Petitioner of the above referenced property (the "3ubject Proper[y"), this letter
is intended as a petition for abatement or refund of taxes. The current year actual value is shown
as $]0,649,400 ($3,015/sfl. I respectfully submit that the increase can't be supported by market
conditions during the relevant time period and that the actual value should be adjusted and the
petitioner entitled to a tax refund.
Following, please find the reasons for my opposition to the increase in value:
Subject Property: Located on a flat building sita of 5.73 acres, the Subject was built in 1978. It
consists of 3,532 sf with 4 bedrooms and 3 baths. The assessor applied a construction rating of
VGT 12. Without question, the Subject Property has spectacular Red Mountain views and is a
valuable piece of property. The house itself, while in good condition, is over 30 yeazs old, has
dated finishes and is functionally obsolete. If it had been marketed for sale and sold during the
relevant time period, its attraction and value would be for the lot, not the improvements. I assert
that the land value allocated by the assessor of $9,500,000 is excessive and the improvement
value of $1,149,000 ($328/s� is excessive for a home that was built in ] 978 and has a VG 12+
�
Baserating. `-�'�'wl%-'<`'_� - !•1l� : ��
Analvsis-$/sf: While $/sf is not recognized as a method of valuing and comparing sales, it is
used by appraisers and the assessor's as a sort of a measuring stick as a test of reasonability when
looking at comparable sales.
In this particular case, based on the assessor's valuation of the Subject property, the $/sf is over
$3,000/s£ This should be a red flag to the assessor's office as there were no sales in the
neighborhood of the Subject Property anywhere close to $3000/sf and the assessor has not valued
any of the neighborhood comparables anywhere close to $3000/sf. For Example:
Ig
�iECENED
JUL 13 2010
P+a"�
The assessor's own valuations of neighboring homes displays a wide vaziation of values even r
though there is a uniformity in the quality of the lots and age and quality of the homes on the
100-through 300 block East Reds Road. Please note the following:
Assessor's Value
122 E. Reds Road:
182 E. Reds Road:
142 E. Reds Road:
200 E. Reds Road:
300 E. Reds Road:
323 E. Reds Road:
346 E. Reds Road:
352 E. Reds Road:
371 E. Reds Road:
205 E. Reds Road:
$12,025,500
$11,658,300
$19,134,500
$12,355,800
$8,913,300
$5,249,100
$9,664,900
$11,659,300
$6,402,800
$11.599100
Median
209 E. Reds Road:
(Subject Property)
$10,534,875
$10, 649, 400
S/sf
$2,300/sf
$1,635/sf
$2,430/sf
$2,116/sf
$2,060/sf
$1,791/sf
$2,030/sf
$1,436/sf
$1,582/sf
$2.351/sf
$1,983/sf
3 015/s
All even numbered addresses are located on the sou�h side of E. Reds Road and feature
unobstructed views ofAspen Mt and Jhe City ofAspen. Odd numbered addresses (Subject
Property) are on the North side and while the views are excellent, the view is not uttobstructed as
they can see the homes across E. Reds Road and automobile traffic an E. Reds Road.
Analvsis-LandValue: Since the Subject Property is 5.74 acres, I can only assume that the
assessor deems the lazger size than the compazable properties as justification for the increased
value. I acknowledge that the lazger lot size has aesthetic benefit but iYs economic value is
questionable based on the fact that the Pitkin County land use code severely restricts the Floor
Area Ratio ("FAR") in the R-30 zone district of Red Mt (see attached Pitkin County Zoning
Districts definitions and Dimensional Requirements). It's important to note that in the R-30 zone
district whether a property is 1 acre or 5 acres, the FAR is limited to 5,750 sf. Additional FAR
can be added through the purchase of Transferable Development Rights ("TDR's) or allocation
of additional square feet through the GMQS process. In any event, TDR's are costly and the
GMQS process is also costly, lengthy and with no guarantee of success. In summary, there is no
development benefit in the R-30 zone district for having a larger lot. The assessor has allocated a
land value of $9,500,000 for the Subject Property, while 300 E. Reds (on the South side of Reds
Road and with superior unobstructed views when compared with the Subject) has an allocated
land value of $7,500,000. In my opinion, a more appropriate land value for the Subject is
$8,000,000 when taking into consideration the aesthetic benefit of having 5.7 acres.
Analvsis-Improvements: The assessor has valued the improvements at $328/sf. I assert that this
is an excessive number for a property that was built in 1978. In fact, the assessor valued the
improvements at 72 West Reds Road at $94/sf even though this property has the same
�
REr��v��
JUL 13 ?�17t1
Construction Quality rating as the Subject Property (VG 12+Base). Pm not saying the Subject'�iticin Cpurt ,
improvements aze worth $94-$100/sf, but given its age and quality, a more appropriate value is ��'
$200/sf or $700,000-$750,000.
Given the evidence presented herein, I assert that the Pitkin County Commissioners should
reduce the Subject Property valuation &om $10,649,400 to $8,725,000 ($2,470/s� and abate the
petitioner's property taYes accordingly. Please note that this value is still on the high side $/sf
perspective based on the evidence provided above.
1 am available at any time to meet with the commissioners to discuss my petition for abatement
and answer any questions.
Sincerely,
�' �
By:
Ed Foran, Mason Morse Real Estate
Aspen Tax Savings
Cb
Pazcel Detail Page 1 of 3
Pitkin County Assessor/Treasurer
Parcel Detail Information
Assessor/Treasurec Prooertv Search � Assessor St�bset Quer�• � Assessor Sales Search
Clerk & Recorder Recention Search
Basic Buildinc Charactcristics �'1'ax Information
Parcel Detail � Value Dctail � Sales Detail � Residentiai/Commercial Imnrovemeiit Dctail
Land Detail ! Photo�ranhs
� Tax Area �� Account Number �� Parcel Number �� 2009 Mill Levy �I
( 008 �� R003624 �� 273706300003 �� 21 •211 �
Owner Name and Address
�KURTZ KATHARINE C TRUST 55%
�KURTZ JAMES B TRUST 45%
�958 S FRANKLIN ST
�DENVER, CO 80209
Legal Description
f
�
�
- -�
Subdivision: MB RED MOIINTAIN Section: 6 Township: ] 0 Range:
84 TR IN W2SW4 SEC 6-10-84 BGNNG AT A PT WH THE SW I
COR
�OF SEC 6 BEARS S 27 DEG 22'W 1243.2 FT TH N 268.77 FT TH �
�S 72 DEG 55'E 190 FT TH S 203.43 FT TH S$7 DEG 0'W 181.87 �
�FT TO POB �
Location
Physical Address: ��72 W REDS RD ASPEN
Subdivision: ��MB RED MOLJNTAIN
Land Acres: ��0.980000019073486
Land Sq Ft: ��0
Section �� Towns6ip I� Range
6 �� 10 �� 84
� `
RECEIVED
JUL 13 2010
Piticin Cou�ty
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http://www.pitkinassessor.org/assessor/Pazcel.asp?AccountNumbei=R003624 6/28/Z010
Parcel Detail
2010 Property Tax Valuation Information
� �� Actual Value �� Assessed Value �
� Land: �� 7,500,000�� 597,OOOI
J Improvements: �� 264,900�� 21,090�
� Total: �� 7,764,900�� 618,090�
Sale Date: �
Sale Price: �
Basic Building Characteristics
Number of Residentialll
Buildings:
Number of Comm/Indll�
Buildings:
I
--- —---- — — I
Residential Building Occurrence 0 Characteristics
GARDEN LEVEL BSMT: II474
UNFINISHED BSMT: ��35
FIRST FLOOR: ��2,344
WOOD DECK: ��175
CONCRETE PATIO: ��350
OPEN PORCH: ��223
Total Heated Area: ��2,818
Property Class: SINGLE FAM RES-
IMPROVEMEN
Actual Year Built: �� 1952
Effective Year Built: ��1990
Bedrooms: ��4
Baths: ��4
Quality of Construction: ��VG 12+BASE
Exterior Wall: ��LOG 9" -
Interior Wall: ��LOG INTER
Floor: ��BASE
Heat Type: ��HT WTR B/B
Heating Fuel: ��GAS
Roof Cover: ��CEDAR SHAK
Roof Structure: ��GABLE/HIP
httn://www.pitkinassessor.org/assessor/Parcel. asp?AccountNumbe�R003624
Page 2 of 3
RECEIVED
JUL 13 2010
Piticin County
Ag�g,qpr
ZZ
6/28/2010
AGENT AUTHORIZATION FORM
o A person who owns, controls, or possasses property valued by the County
Assessor may each year designate an agent to act on his or her behalf on any
matter relating to the review of the valuation of the propaity before the Assessor
ancUor the County Board of Equalization.
o This form or a copy must accompany any petition filed with the Assessor or
Board of Equalization.
o A petition for review will not be accepted unless the agency authotization form
accompanying the petition is signed by the person who owns, controls, or
possessesthe prope�ty.
o This designation of an agent expires at the end of the calendar year.
Designation of Agent
Company Name: �/� l �"k �ff �.��5'
Agent Name: � i� f� ffs✓
Mailing Address: I • t�. /��1! `7,5�9'
City, State, Zip; 1t� 0�l1/ C_C� �3�/ ��
Phone Number: ���J �— _ 9�f�7 ' �e'� �
Fax Number; g 71h -- �� �'� 7��7
/
For taa year: � O
I, the undersigned, hereby designate the above named agent to act on my behalf in all
matteis pei�taining to the review and appeal of real and/or personal piropeirty valuarion and
classification with the Assessor or the Board ofEqualization. This authorization is
limited to the properties listed below and on attached forms if nacessary.
Schedule Number (s): � O� 3l6 �
.Z� 9 � , /�e�Qs
�4s�e�. C o
Signa 'e of Person Owning, Controlling, or Possessing the Property:
�___�f��f�'2�
Date: �
�� �.� ��
/
/ \��/�
R�CEIVEp
JUL 13 2010
P �� ' As�a ss Cou ���y ,
Z�