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File #: 20-037    Version: 1
Type: Resolution Status: Passed
File created: 12/30/2020 In control: Board of County Commissioners Business Meeting
On agenda: 1/12/2021 Final action: 1/12/2021
Title: A resolution to approve the Board of Assessment Appeals (BAA) stipulations
Attachments: 1. Board Summary Report, 2. Resolution

To:                                           Board of County Commissioners

 

Through:                     Ron Carl, County Attorney

 

From:

prepared

Gina Garran, Paralegal

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Subject:

title

A resolution to approve the Board of Assessment Appeals (BAA) stipulations

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Purpose and Recommendation:

recommendation

Adoption of a resolution approving the Board of Assessment Appeals (BAA) stipulations listed below.

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Background:

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These stipulations are a result of agreements reached between the taxpayers and the County regarding a reduction in the amount of property tax owed, settling tax protests filed with the BAA.

 

Discussion:

The following BAA docket numbers have been stipulated to for the tax years indicated below.

 

Tax  Years

Docket#

Property Owner

Property Address

Reason

Original Value

Stipulated Value

2017/2018

79223

Southglenn Property Holdings Llc

6853 South York Street

1.

$14,520,000

$14,000,000

2017/2018

79259

Sapkin Richard M, Sapkin Shelly C

9 Wildrose Trail

2.

$4,556,000

$4,265,800

2020

79745

Intown Suites Sheridan, LLC

2900 West Hampden Avenue

3.

$6,614,000                                              

$6,614,000                                              

2020

79746

Its Centennial LP

12943 East Brinwood Avenue

4.

$7,135,000                                              

$7,135,000                                              

2019/2020

79886

Timothy W Balsley

6685 South Ogden Street

2.

$375,300

$338,200

2019/2020

2020BAA138

MERRITT 777 LLC

7909 South Chambers Road

1.

$11,000,000

$10,075,000

 

1.                     Cost, income and sales comparison approaches indicate that adjustment to this value is correct.

2.                     Comparable market sales indicate that adjustment to this value is correct.

3.                     For this settlement of tax year 2020, the value will remain unchanged at $6,614,000 and, based upon the property’s occupancy, the County will change the classification of the property to 15.3% commercial and 84.7% residential.  Based upon this classification change, 15.3% of the property’s total actual value will be assessed at the commercial rate and 84.7% at the residential rate for tax year 2020.

4.                     For this settlement of tax year 2020, the value will remain unchanged at $7,135,000 and, based upon the property’s occupancy, the County will change the classification of the property to 64.8% commercial and 35.2% residential.  Based upon this classification change, 64.8% of the property’s total actual value will be assessed at the commercial rate and 35.2% at the residential rate for tax year 2020.

 

Alternatives:

Let protests proceed to the BAA for a decision.  Said alternative would involve unnecessary time and expense for the County and the taxpayer.

 

Fiscal Impact:

Reduction in the amount of property taxes collected for the above listed properties.

 

Reviewed By:

Ronald A. Carl, County Attorney

Gina Garran, Paralegal

 

Attachments:

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