Tax Agent/Attorney Meeting

Welcome

Market sales approach – At least one comparable property in the same geographical area.

Cost approach – include all costs to build or rebuild the improvements plus the land value.

Income approach Complete and notarize the Income & Expense

Statement (DOR) 82300 Include a comparison to the market income Please provide the physical address where the

source documents are located (Affidavit section of the income/expense report)

Other – identify the specific areas of concern such as the legal class, rollover etc.

The form must be the Department’s current form.(dated in 2004)

Signed by the person who owns, controls or occupies the property

The signature date must be from January 1, 2012 and prior to the filing deadline (April 17, 2012)

We are not verifying the legal status of the person who signs the form.

May comprise of properties that are not contiguous or owned by the same owner.

They must be managed and operated on a unitary basis.

They must make a functional contribution to the operation.

Notices mailed on February 17,2012

Appeal filing deadline is April 17, 2012

The Assessor’s deadline to answer the appeals is August 15, 2012

The office’s goal is to have all appeals answered by August 1, 2012

No Change in the process from last year.

A drag and drop functionality exists for loading the forms.

Able to name and rename files while in the upload queue

A single data file can contain multiple appeals

Able to go back and review the history of previous submissions.

An e-mail confirmation will be sent a couple of minutes after your submission has been received.

Important – Correctly naming the documents helps assure we can timely answer your appeal.

Total mailed 41,530

This number was caused due to an anomaly in the calculations due to the converting from the Department of Revenue’s system to Marshall & Swift’s system.

The majority are higher than the original calculations.

Total Full Cash ValueNoticed $70,602,560,585 Supplemental $72,168,235,890Difference $ 1,565,675,305

These numbers include the exempt properties.

The Notices were printed with a 20% ratio instead of the 19.5% ratio

A letter will be sent out to the property owners as to the correction. (Thursday the 23rd)

The Appeal deadline is not affected since the Statutory information is correct.

We will be limiting the meetings to 15 minutes

We will have a Preliminary Position

The staff will share the information

If new information is supplied by the petitioner at the meeting, the appraisal staff will review it prior to their opinion of value is finalized

The Assessor’s staff will provide you with a copy of the Preliminary Position once both sides have signed the Declaration Form.

Notification of reductions for one million dollars or more will be sent to the Mr. Russell, Mr. Boncoskey and Mr. Boisvert.

Testing an electronic meeting notification process. (Land Division)

301 W. Jefferson Street:Commercial LandAgriculturalMobile Home

501 W. Jackson Street:ResidentialLand

Appeals that are not in compliance will be rejected. (Incomplete forms or missing agent authorization form)

The rejection letter will be sent certified.

The Statutory 15-day re-submittal is required.

File directly to the State Board

I would request that you would e-mail your supporting documentation to us.

It would allow the appraisal staff to complete a more thorough review before finalizing their opinion of value.

Information will be coming on who should receive the documentation for review.

Parcel Counts SBOE Level

Total Count 19,892No Change # 11,767

Reduction # 8,125

Assessor’s recommendations at the SBOE Level were 11.8% out of the 40.8% in total reductions.

QUESTIONS