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 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.