To: Board of County Commissioners
Through: Ron A. Carl, County Attorney, County Attorney
Prepared By:
prepared
Gina Garran, Paralegal, County Attorney
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Subject:
title
A resolution to approve the Board of Assessment Appeals (BAA) stipulations
end
Purpose and Request:
recommended action
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 |
Original Value |
Stipulated Value |
2019/2020 |
76273 |
GPl-DEN LLP |
6430 South Fiddlers Green Circle |
1. |
$22,391,000 |
$22,250,000 |
2019/2020 |
76274 |
GPIPM LTD |
8101 East Prentice Avenue |
1. |
$26,830,000 |
$26,400,000 |
2019/2020 |
79363 |
13698 E LLIFF AVE LLC |
13698 East Iliff Avenue |
1. |
$995,000 |
$910,000 |
1. Income and sales comparison approaches 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: N/A
☐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: Attach a copy of the draft resolution.