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HomeMy WebLinkAboutbocc.res.081.2020i�sclul-ay.r.. ��•�18t-�,c3Lc] PETITION FOR ABATEMENT OR REFUND OF TAXES county ,prTl6fN isateRecef�d �j@W4EIVEd jf�so Ahn�sar� m Catrrtilstbrrerlitege AGase gomp:et fteftn t mft3y. — FED 19 2020 Chits 3antraa29, 2 R9oNh D" Yew 080120 - M Ir eLaW, Hearing P)TKIN COUNTY �o t er ASSESSOR PetftnQr`s Namet PitWOneP A Mailing Address. 73D W Main 81 A n CO 61sit COSY of Town 9ffitg Zip rAda SCHIMULE OR PARCEL. NUftRe (S) PROPERTY AUDRUG OR LEGAL DE50RJP11C OF PROP91M f 00W071273,8i24458Dd 738 W Main St PAtiPf M? r tMts an abakmartt ar rehlmi of ths ftpproprsptea talAa rend lciatnr that tMh raYax awafaser Apiitl4l the 8!30- properly for the property tax year 20t9 are Incorma for the folfowhzg reasan3: (Briefly describe why VW lazes have beer' levied efroneou/ty OF 4tgaliY, WWNr4te to ermneous valuation, fneguignty In Ievying, deriral eller, or Hees ra.valltsn Attach addlilanaf simots if necessary.) THE ASSESSOR 010 NOT PROPERLY CONSii7EA THE COST. MARKET & INCOME APPROACH TO VALUE ASPENS OF THE PROPERTY IN QUESTION, Patluort014 (sttmato of value-, g 9,940,181 28 nS Vshm YOW i decare' tr"W penafty of perjury In ttta secand tfegree, (hat Ibis pe WO& tmg dW with any aecoMpaftyrng exhibits or statentent5, has been prepared orexamined by me. and to tiro bast Ofmy knasutadga• fnfortnabatt, and beflaf• is true. Correct, and campM10- OayftGPhona Number 309 347-4678 PeUtinr{s/'R 8iantturm 0y' Day W Ptlorm Nttmbar j 383 ) 348.1676 /4perrCa tlWrlths�° 'L.ttt*i ar avnw awstb* et whw wthen pmmw A tub MU%d by to *pent. H the $9aFd Gaudy [ARt1Y81.7p1Yeq� petsueN b tg 5440 114(1 j, C R$., Bi PrapeRr 4sa Yj1Gta• Wrssu i S9 § 3's 2.1la. V 3 , dhcsaq 9cce pPtAran (Ot nAhnd a ibtterotM d lax4s 9n 4Edea In poll, PeEffiamr MY VPwl to OW Be" ar Asses+rnatd Appeal§ pwnrvlf td fi>, nt"font Of 5 39-2.125, C. RA. hMih a IRYb deo a aha envy or any such ownimx 5 Z&14114 i(l}, C R e _ Ass0oor's ReCortati andstion [Par Assat4rL Ute Toy Yna 28f$ himd in Ouialnsl Caartrtsd 0 Aaaeseor recommends apPrOval atf outfined above. tr lbs heq{Wet car aAaierrtitst fs 6asaa upon Ilhe amr.nrt er ooee'ri3uurlal rths e6atafslant or rw.ura3Orfrp! �In 6e mime +! an abpaf4n ar prof¢sh m stat vwu*wm rtes Bees Mod and a leeuoe of Dawv1hlAliert r.0:ot4n mditd soft WV.,W, 3 W19-11itiga)MM), DR S Too Yetr. Pe6ileti ©Ko Q Yp Ill a prottakwte Ttsed, pbsa ueecrh i [4pfr N11tt!{pp,) A4tw�ns nornmres4�vi s dwt4rt r4r tfha fnEPawlnq twefsaae(4f C. b i, '-1 t �! 6it� Ga+n 1��/r✓r~� 1 �c � 2rti+,t� , ,�.��+ rllm FOR ASSESSORS AND COUNTY COMMISSIONEtR$ USE ONLY (Section til or Section IV must be complatgd) Every petition far abatement ur refund riled pursuant It § 39-104 14, C.R.S. shall be acted upon pursuant to the provisions of this section by the 5 oard of County Commisaloners or the Assessor, as appropriate, wHhin six months of the data of filing such pelit#on. § 39 1-113(1.7}, C.R.S. aectioa Milli, Written Mutual Agreement of Assessor and Petitioner (Only for abatements up It $10,000) The Commissioners of County authorize the Assessor by Resolution No. toFaViaw ¢etillons fora ;stement or ra un an to settle p written mutual agreement any such petition for abatement or refund in an amount of $10,000 or less per tract, parcel, or tot 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 tete values and tax abatementirefund of, Tax Year 8auBI vaes6 ij XU original _ Corroctod AbatolRefland Notw The tale[ tax amount does not include accrued interest. penalties, and fees assusiated with late andlor delinquent tax payments, tt applicable: Please contaci the County Treasurer for full payment Informallen. Petlllonees Signature Date Assessors or Deputy Aesessoem Signature Data sec"Ort IV,Decision of time County Commissioners Itltust be completed If Sabtion iii does not opply) WHEREAS, the County Commissioners of=�. - County, State of Colorado, at a duty and lawfully called regular meeting held on /.-a at which meeting there were present the following members: iitonih pay year With notice or such meeting and apo unit to tae resent having been given to Ilia Petitioner acid the Assesso of said County and Assessor _ t. �(beIng presen snot pmsen and i ideate Petitioner (feeing present sot preser} nd WHEREAS, the said fv ma County Commissioners have carefully considered the within petition, and are frilly advised in relation thereto, NOW BE IT RESOLVED chat the Board agrees -does not a roe) with the recommendation of the Assessor, and that the petition be (approved -approve n part . danfed with an abatementfrefund as follows: si- Year Assessed value Taxes AbatelRefund S4,r,, F. CW chairperson of the Soafo of County Commtseloners, Signature Jeanette Jones 1, County Clerk and Ex -Officio Clerk of tate Board of County Commissioners in and for the aforementioried county, do hereby certify that the above and foregoing order is trolly copied from the record of the proceedings of the Burd of County Commissioners, IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seat of said County this day of Aug -17-2020 month rear JGW'l� �bvi t.S County Clark's or Deputy County Clerk's Signature Nola: Abatements greater than $10,000 per schedule, per year, must be submitted in dup¢cato to the Properly Tax Adminlstralor for review. Seplion Y., Action of the Property Tax Administrator (For all abatements greater than $10,000) The actions of the Board of County Commissioners, relative to this petition, is hereby [] Approved C) Approved in part [3 Denied for the following reason(s): Secretary's Signature Property Tax Administrator's Signature pate r ST &ASOChk `ES SPECIALISTS IN PROPERTY, SALES 6 USE: TAX RSOUCTIONS Property Tax Consultant - Agency Agreement Owner Address: 730 Main St, Aspen, CO 816111 Property Address/Legal Description/Schedule #: See Attached Exhibit A Consultant/Agent: Stevens & Associates Cost Reduction Specialists, Inc, IIWe Pauly Walnuts Property & Development LLC, LUU Investments LLC, PM8M Partners LLC, Dloguardt Paul & Michelle, subsidiaries, parent companies and all affiliated companies agree with Stevens & Associates Cost Reduction Specialists, Inc. that for the property taxlseles and use tax assessment years 2020, 2021 and prior years, in Colorado as the property referred to above, that Stevens & Associates Cost Reduction Specialists, Inc. is hereby engaged and authorized to act as agent and consultant before either the Board of Review as wail as the State Tax Review Board or for any hearing pertinent to the property for the property tax/sales and use tax assessment years 2020, 2021 and prior years. Please direct all correspondence and refunds to Stevens & Associates Cost Reduction Specialists, Inc. The undersigned further authorizes Stevens & Associates Cost Reduction Specialists, Inc, as agent of the undersigned, in the name of the undersigned, to execute and cause to be tiled on behalf of the undersigned, In the name of the undersigned, any and all documents relating to an appeal of the said assessments, for the assessment years In question and prior years, before either the Board of Review as well as the State Tax Review Board or any hearings pertinent to the property. Thus, done and executed on this day of November 2019. Agreed By: Pauly Walnuts Property & Development LLC, LUU Investments LLC, PMBM Partners LLC, Dloguardi Paul & Michelle By: '��l " Paul Dloguargl Title. Owner Please direct all correspondencelrefunds to: Stevens & Associates! Inc. 10303 East Dry Creek Road, Ste 240 Englewood, Colorado 80112 (Notary column needs to be complete) STATE OF 1 �ot4 The foregoing Instrument was 80nowledged before me This tclay or c3C]t By: Eftwicomardil Witness my hand and official seat. my commission expires: 10 1 n Notary Public Notely nnaluse .o ELBA NELLY CABALLERO NOTARY PUntle -LATE W COLORADO i0tA4lY10WI&$ 3M .��Srly(Y.P'IESOCTOIIERIs, xt)2o l'msr I ul'4 Aiw-� STEVENS &ASSOCIATES i SPECIALISTS IN PROPERTY, SALES S USE TAX REDUCTIONS Exhibit A Owner Name Address Assessor Parcel ID Account Pauly Walnuts Property & Development LLC 10335 S Parker Rd Douglas 2233-153-15-011 80113021 LUU Investments LLC 730 W Main St Pitkin 273512445004 R000007 PMBM Partners LLC _ 418 Pacific Ave Unit A Pitkin 264334417009 R018355 PMBM Partners LLC 331 Holland Hills lid Pitkin 246717402008 R006902 DJOGUARDI PAUL & MICHELLE 113 Fairway Dr Pitkin 273506101025 R002966 Pauly Walnuts Property &Development LLC 10770 Foxwood Ct Douglas 2233-221-04101 80315459 Appraiser Recommendation for an Abatement Assessor Generated ❑ Taxpayer Generated Q To: Deb Bamesberger, Pitkin County Assessor From: Larry Fite Date: 5/12/2020 Petitioner: Luu Investments Schedule #: B000007 Parcel #: 2735 124 45 004 The appraiser has completed a review of the referenced property, as of this date, and hereby submits a recommendation as stated below., C! Deny ❑ Approve as Submitted ❑ Abatement/Refund Different than requested Abatement for Year: 2019 Data collection period for year #1: July 1, 2016 to June 30, 2019 Assessment Rate: 29% Tax Area: 001 Mill Levy: 35.727 Actual Value this year: $3,400,300 New Value: N -A Assessed Tax Amount Value Original value: $ $ Corrected $ $ value: Refund: $ $ Abatement for Year: N -A Data collection period for year #2: Assessment Rate: Tax Area: Mill Levy: Actual Value this year: New Value: The basis of this recommendation is: The subject property is the Hickory House Restaurant which is a relatively small building (2,465 sq ft) on a large 12,000 sq ft lot. The request has been made to reduce the value based on the income approach. However, a general rule of appraisal is that if the value derived from the income approach is less than the underlying land, the current use is not the highest and best use. In other words, a property's value should never be less than the underlying land. Here the best comparable land sales support a value approximately $400-$600 per square foot. With a 12,000 sq ft lot, that would be a value range of $4,800,000 to $7,200,000 just for the land alone. With the current total value set at $3,400,300, there is no supportable basis to adjust the value further. Therefore, it is my recommendation to deny the abatement appeal for tax year 2019. Chief Appraiser Approval: Assessor Approval: