To: Board of County Commissioners
Through: Ronald A. Carl, County Attorney, County Attorney
Prepared By:
prepared
Gina Garran, Paralegal, County Attorney
end
Subject:
title
Approval of BAA Stipulations
end
Purpose and Request:
recommended action
In The purpose of this request is for the adoption of a resolution approving the Board of Assessment Appeals (BAA) stipulations listed below.
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Background and Discussion: 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.
The following BAA docket numbers have been stipulated to for the tax years indicated below.
|
Tax Years |
Docket# |
Property Owner |
Property Address |
Reason |
Current Value |
Stipulated Value |
|
2021/2022 |
2021BAA1896 |
Jubilee Fellowship Church |
9359 East Nichols Avenue |
1. |
$9,844,000 |
$9,050,000 |
|
2021/2022 |
2021BAA2299 |
Wenco Leeds West Property Group LLC |
7450 East Progress Place |
1. |
$2,201,000 |
$2,175,000 |
|
2021 |
2021BAA2594 |
Northern Englewood LP |
3375 East Bannock Street; 101 West Hampden Avenue |
1. |
$16,378,308 |
$15,063,000 |
|
2022 |
2022BAA321 |
Northern Englewood LP |
3375 East Bannock Street; 101 West Hampden Avenue |
1. |
$16,378,308 |
$15,063,000 |
|
2022 |
2022BAA325 |
Affinity At Cloverleaf LLC |
22000 East Quincy Avenue |
2. |
$45,900,000 |
$45,050,000 |
1. 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.
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.
Alignment with Strategic Plan:
☒Be fiscally sustainable
☒Provide essential and mandated service
☐Be community focused
Concurrence: The negotiator for the County Board of Equalization, the County Assessor and the County Attorney all support this recommendation.
Resolution: Attached is a copy of the draft resolution.