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Home My WebLink Aboutbocc.res.075.2018 FOR ASSESSORS AND COUNTY COMMISSIONERS USE ONLY (Sector.111 re,Section IV must M completed) Every pe@ion for abatement or refund tiled pursuant to :39-10-114 C R S snail be acted upon pursuant to the provisoes of rob section by the Board of County Comm ssoners or the Assessor as appopnate within six months of the Gate of Ming such pennon §39.1 113(1]I CRS Section III Written Mutual Agreement of Assessor and Petitioner (Only for abatements up to moan The Commissioners of County authorize the Assessor by Resolution No to review petitions for abatement or refund and to settle by written mutual agreement any such petition for abatement or refund in an amount of$10,000 or less per tract,parcel,or lot of land or per schedule of personal property.In accordance with§39-1-113(1 5),C R S The Assessor and Petitioner mutually agree to the values and tax abatementirefund of: Tax Yen Tax Year &teat Aweua 3 ASLuEI &AMAPA Erg Original Corroded Abate/Refund Nate The fuel lax amount does rod include accrued interest renames and fees aewnaled wen rale ardor ce4npmt tax payments d applicable Please contact the County Treasurer Or full payment nformaton PatabMr's Lori r. Date Assessors or Deputy As..n is Yoruba¢ Date Section IV: Decision of the County Commissioners (Nun M oompkYd II Section III does a9plyl ( OiV>Z LiycAA Ad. a76--10i WHEREAS,the County Commissioners or 1"(f-/O(/ ✓-, County,State of Colorado,at a dtdy and lawfully called regular meeting held on lO / lU/la X at which meeting there were present the following members //!! writ pay tP II 7�/�h/IQ ( //((�^MISS/O312`v`1 ROL ekte-1 K/t�ar9va2N _✓ ✓e l� a II Len In G.� 4 f TYS IJO-SE AL ktCc k. with notice d�meeting and an opportunity to be prem t having been given to the Petitioner and the Assessor of said County and AssessorI — not present)and II,^�,^� Yu^ Name Petitioner_(1.1/14A N` (being present not present) :rid WHEREAS,the said County Commissioners have carefully Considered the within petition,and are fully advised in relation thereto, NOW BE IT RESOLVED,that the Boa apms does me)wan the recommendation of the Assessor and the petition be(approved-approved in part"snbdl.nth an abatement/refund as Idbws year Assessed vatic Taxes Nea@Inelund veer A Assessed Value Taxes Areas/Refund Ckalorze rvit C . to of the Beard of County emmaNawn'signature ICs QS Counb Cle'.4•...the A@ ofereing odCf Countycomd rrom to in forte aforementioned the Bor do hereby ..✓s.tithe rs o ' Foregoing order Is tru copletl from the record of the proceedings of Board of County •IspsTo.nars IN WITNESS WHEREOF, h to set m la a aa[iva�)toe 1•f said County this /'3-44- day Of bpr 'I• *A A Month ..ri.:• . ...'0--d lei✓I /A Ilyl ORAO Clerk's a Stratum ' My clews Satum Note AWIemMb greater than$10 003 per schedule per year must he submitted in du•,. .Ie to the Property Ta.Admintstralor for review Section V. Action of the Property Tax Administrator (For all wawmmts greater than$10000) The acbon of the Board of County Commissioners,relative to this abatement petition,is hereby 0 Approved ❑Approved In pan S ❑Denied for the following reason(s) Secretary s Signature Property Tax Admnnlnlor s Signature Oewe 15-OPT-AR No 920-66/15 PETITION FOR ABATEMENT OR REFUND OF TAXES County Rohn Date Received (Use Avnssors or Cow'naelners'Lliahi Stamp) pectlon 1: Petitioner,please complete Section I only. RECEIVED Date, July o I.2018 Month Oey Yea! JULL 16 2018 Petit otter's Name, CMii1=- . _ . DITteal C:X/NTY Petitioner's Malang Address 1175 Spring St,Suite 0202 ASSESSOR Aspen Cabrado 81611 (dvor Town stale Zip Code SCHEDULE OR PARCEL NUAMRER(Si PROPERTY ADDRESS OR LEGAL DESCRIPTION OF PROPERTY R008000 720E Hyman Ave Petitioner requests an abatement or refer of the appropriate taxes am states that Me taxes assessed egans:the above property for the property tax year 2017 are incorrect for the following reasons (Briefly describe why the taxes have been levied erroneously or illegally,whether due to erroneous valuation,irregularity in levying. clerical error.or overvaluation Attadi additional sheets it necessary) We believe that the properly In question has been valued erroneously For rental income we have atways provided amounts provded for in the tenant's lease,but the amount the tenant actually nays us has been much lower.We have written-off a lot of rent over the years.In addition,the sub-errain space was designed specifically to be a gym back in the 1970s under a model of what gyms were popular back then Things have changed dramatically in the recreation,ndustry since then and we behave the space has become fdnatbnaty Obsolete.The size,design and location of the space make it difficult In envision any reasonably productive use at its current valuation C Petitioner's estimate of value: $950000 (2p481411 Value fear I dedare.under penally of perjury in the second degree,that this petition,together with any accompanying exhibits Or state r hq,has been prepared OT exam.ned by rie,and to the best o'Iry krowledge Warm at on,and belief,is true Pin ,any tempi. Dat me Phone Ntmbei'ram) Ftf-e✓-hi 5— 'eh Venire seism's By --___ Daytime Phone N..mber(___I Agent's Signature' Natter of agency must he attached when paten Issubmitted by enag,M It the Board of County Comm eioners,pursuan110§39-1n114(1),C R S,or the Pmpelly Tex Admwl trabt pursuant In§59-2,118,C R.S, denies the potion Io,refund or eoebment of tom In whole or in part,the PeWmer mdy appeal 10 the Board of Assessment Aplbels pufauant tit ap0'/wmsoe§y42-135.CRS.&Or nate Crysot Deeds of any such'.dada*.13frt11ti SO) CRS Section,ll. Assessor's Recommendation IForAsnssor's Use onyl In year J-D U1 'I ti eaten ASImed ''�a± 1(� Original t,5-Vi )b.11O 13 11U y6 Carmel)I (AteLCD _3t`d,Jit b b6 tjq. A Abste'aeh,W l,iJttoes cut,v5u, 22.4 ,,,06 7 CjIAssessor recommends approval asoutlined above. 5<< F4A(A.eA If the request for absentee)is based upon the wounds of uuervaluJLOn,nn abatement of leiurd Nines shall be made 11 en*holm or protest to such gbebon has been Sh-0 and a Notice of Delerminaion has been mailed to the taxpayer,§9telet 14(INaelid1),C R S Tex year: ' 61 Protest? It No ❑Yes tea Protest was lana Please attach a copy ofeheaOCl 0 Assessor recommends done'for the following reason(s): 0./t . • _ Au sol sof r, ',mon ligature 1SOPT. R No 920-66/1 1 HEARING OFFICER DETERMINATION rakk mit W((1-(04 z // rt, PITKIN COUNTY ABATEMENT HEARING CProperty Owner's Name M LLQ Schedule No q()DO TAX YEAR LO 12 (VALUATION DATA COLLECTION PERIOD 1 11 I1 tt — c Lid tie Property Address 11,,1 ZO E rN�`4'N .Cvv- / 1` r 11 I1 Legal Description F1 c� Gv� Wel.;e L. 1.�'r111 (Or..� 0 5 UI.0 can, .� tit )' Hearing Date _-_Cif ZOI ( 6 Hearing Time 11'.;13 Assessor's Representative L(nrr\ (Nk < ` Assessor's Valuation: 7 3 ' Lib() Owner(s) Requested Value: 9 rt 5 b btfl I f )) Owner(s)Justification for Appeal � G'4Vu' 1 . LQt e c\6r..pr-1,� S �/ �V-T 1Nnlue Assessor's Justification for ValuationActr,Ar tre11i CA) 1tiQL .n CR f'`/1X e /Cyev.I5 c 0141/' 15)2 -A. 1'1 k,t_drA fey z.r Q hr<Cg`1n OMA' GM Hft`. IICITC4 ULP UAb(U�() Classification Code a Land J Improvements _ Total TO BE FILLED OUT BY HEARING OFFICER: Petitioner Present yes no A R008000- After reviewing income/expense data for property, petitioner and assessor agreed to the adjusted property value of$1,096,600. Because the refund required exceeds $10,000, this abatement requires the formal approval of the BOCC All supporting documentation is attached and I agree with the methodology (income approach) used to arrive at the new property value. If more room is needed continue on back page Property Owner Present Yes X No Determination: No Change Stipulation K. The following Change: Present Value t Z ,5 3 8,,/C c' Adjusted Value: (,c 7 b, GC(' Classification Code Cc rL)131-L r.citil Land Improvements Total: v / , 09‘ , 6vo-- 1 / � {/ Hearing Officer: JAc L S[(cc , 2 Hearing Office Signature L/ I' C `"S c 'c�� Appraiser Recommendation for an Abatement Assessor Generated 0 Taxpayer Generated fl To Tom Isaac, Pnkm County Assessor From: Larry Fite Date 9/6118 Petitioner: CM, LLC Schedule# R008000 Parcel# The appraiser has completed a review of the referenced property, as of this date, and hereby submits a recommendation as stated below' ❑ Deny ❑ Approve as Submitted 0 Abatement/Refund Different than requested Abatement for Year 2017 I I Abatement for Year 2018 Data collection period July 1, 2014 to • Data collection period July 1, 20 to for year#1 ! June 30, 2016 I for year#2: June 30, 20 Assessment Rate 29% Assessment Rate. 7.96%_ —I Tax Area. __ 1001 Tax Area. 001 Mill Levy. 31.806 Mill Levy Actual Value this year I $2,538,400 Actual Value this year. New Value I $1,096,600 New Value' Assessed Tax Amount I Assessed Tax Amount _ Value _ Value Original value: $ 736,140 $23,413.68 _ Original value: $ __ $ Corrected $ 318,010 $ 10,114.62 Corrected $ value: value: I Refund_ $418,130 $13,299.06 Refund: The basis of this recommendation is: The owner provided actual rental income and expense data that was used to calculate a revised value This property is the basement/sub-basement area in the Aspen Athletic Club condos Its design and use make it very difficult if not impossible to market for an alternative use As such, the potential rental income is much more limited that a corresponding above grade location would be Chief Appraiser Approval -cIJta,cr -Y _ Assessor Approval t- Sch if 8000,CM,LLC Aspen Athletic Club condos,Club Unit Lot size N-A sq ft improvements 7,870 sq ft 2017 Value $2,538,400 gross$/sq ft $323 Income approach potential income area $/sq ft basement $101,440 5072 $20 sub-basement $55,960 2798 $20 totals $157,400 7870 $20 -$7,870 5%vacancy collection loss $149,530 effective gross income -$97,195 65%-taxes, insurance,utilities, repairs maintenance and management -$2,991 2%reserves for replacement $49,345 Net Operating income Using 4 5%CAP rate yields a value of $1,096,553 or $1,096,600 $139 sq ft PITKIN COUNTY ASSESSOR 506 E MAIN ST STE 202 ASPEN CO 81611 PHONE: (970) 920-5160 FAX: (970) 920-5174 PETITIONER: ��1 1,Lt SCHEDULE#: P,pi Unci The Pitkin County Assessor and the above mentioned petitioner, stipulate to the terms and values listed below: ABATEMENT STIPULATION AGREEMENT For the tax year of 10 11 The Assessor and petitioner mutually agree to an actual value of$ D°l 6 bD , for a total tax-amount of$ lb 114 .LI , resulting in an a batementlrefund of$ 13,3.41°1 ,06 For the tax year of 14- R . The Assessor and petitioner mutually agree to an actual value of$ , for a total tax amount of$ , resulting in an abatement/refund of$ PLEASE NOTE: THE TOTAL TAX AMOUNT DOES NOT INCLUDE ACCRUED INTEREST,PENALTIES, AND/OR FEES, IF APPLICABLE,AS THESE ITEMS CAN NOT BE ABATED/REFUNDED. PLEASE CONTACT YOUR COUNTY TREASURER FOR FULL PAYMENT INFORMATION, r Y//e Petitioner Date 116t,6 Njtts es3sor'a Office Dale Appraiser Recommendation for an Abatement Assessor Generated ❑ Taxpayer Generated Q To Tom Isaac, Pitkin County Assessor From: Larry Fite Date 9/6/18 Petitioner: CM, LLC Schedule#: R008000 Parcel # The appraiser has completed a review of the referenced property as of this date, and hereby submits a recommendation as stated below: ❑ Deny O Approve as Submitted Abatement/Refund Different than requested Abatement for Year 2017 Abatement for Year: 2018 Data collection period July 1, 2014 to Data collection period July 1, 20 to for year#1. June 30, 2016 for year#2: June 30, 20 Assessment Rate 29% Assessment Rate. 7 96% Tax Area 001 Tax Area 001 Mill Levy: 31.806 Mill Levy Actual Value this year $2,538,400 Actual Value this year New Value $1,096,600 New Value. Assessed Tax Amount Assessed Tax Amount Value Value Original value: $ 736,140 $ 23,413.68 Original value: $ $ Corrected $ 318,010 $ 10,114 62 Corrected $ $ value: value: Refund: $418,130 $ 13,299 06 Refund: $ $ The basis of this recommendation is: The owner provided actual rental income and expense data that was used to calculate a revised value. This property is the basement/sub-basement area in the Aspen Athletic Club condos Its design and use make it very difficult if not impossible to market for an alternative use. As such, the potential rental income is much more limited that a corresponding above grade location would be. Chief Appraiser Approval. 4(.Rnn—� j Assessor Approval: U Sch#8000,CM, LLC Aspen Athletic Club condos,Club Unit Lot size N-A sq ft improvements 7,870 sq ft 2017 Value $2,538,400 gross$/sq ft $323 Income approach potential income area $/sq ft basement $101,440 5072 $20 sub-basement $55,960 2798 $20 totals $157,400 7870 $20 -$7,870 5%vacancy collection loss $149,530 effective gross income -$97,195 65%-taxes, insurance, utilities, repairs maintenance and management -$2,991 2%reserves for replacement $49,345 Net Operating income Using 4.5% CAP rate yields a value of. $1,096,553 or $1,096,600 $139 sq ft PITKIN COUNTY ASSESSOR 506 E MAIN ST STE 202 ASPEN CO 81611 PHONE: (970) 920-5160 FAX: (970) 920-5174 PETITIONER: alt LLt SCHEDULE#: R09 UDIl The Pitkin County Assessor and the above mentioned petitioner, stipulate to the terms and values listed below: ABATEMENT STIPULATION AGREEMENT For the tax year of ZO 11 The Assessor and petitioner mutually agree to an actual value of$ � D 9J L u D , for a total tax amount of$ 10 114 .L1 , resulting in an abatement/refund of$ 13 f`1 ,06 For the tax year of 14- R . The Assessor and petitioner mutually agree to an actual value of$ for a total tax amount of$ , resulting in an abatement/refund of$ PLEASE NOTE: THE TOTAL TAX AMOUNT DOES NOT INCLUDE ACCRUED INTEREST, PENALTIES, AND/OR FEES, IF APPLICABLE,AS THESE ITEMS CAN NOT BE ABATED/REFUNDED PLEASE CONTACT YOUR COUNTY TREASURER FOR FULL PAYMENT INFORMATION. dt-rA r rak Petitioner Date 'Ms essor's Office Date