To: Board of County Commissioners
Through: Ronald A. Carl, County Attorney, County Attorney
Prepared By:
prepared
Gina Garran, Paralegal, County Attorney
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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 prope...
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