Consent 6.
Regular Board of Supervisors Meeting
County Attorney
- Meeting Date:
- 06/23/2015
- Title:
- Approve Proposed Settlement of a Tax Appeal
- Submitted By:
- Sue Blanchard, County Attorney
- Department:
- County Attorney
Presentation:
No A/V Presentation
Recommendation:
Approve
Document Signatures:
BOS Signature NOT Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
0
NAME
of PRESENTER:
of PRESENTER:
N/A
TITLE
of PRESENTER:
of PRESENTER:
N/A
Docket Number (If applicable):
Mandated Function?:
Not Mandated
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Information
Agenda Item Text:
Approve the proposed settlement of the Tax Appeal in CAAZ SPE, LLC v. Cochise County, TX2014-000468, now pending in Arizona Tax Court, a division of the Superior Court of and for Maricopa County.
Background:
Taxpayer filed a civil action in Arizona Tax Court asking for a reduction in assessed value of 140 condominium parcels that make up the Casa Antigua Condominiums, located at 2299 Oakmont Dr., Sierra Vista, AZ. The tax years involved are 2014, 2015, and 2016. After inspecting the property, reviewing the taxpayer’s documentation and other market factors/comparables, the Assessor agreed that the property assessment for tax years 2014, 2015, and 2016 should be reduced. The Assessor recommended a settlement offer that lowers the total full cash value and limited property value from $8,961,592 to $7,546,664 for tax years 2014, 2015 and 2016. The taxpayer accepted the settlement offer.
Fiscal Impact & Funding Sources: Not applicable, no funding sources are required. Fiscal impact will be a reduction in the tax base.
Department's Next Steps (if approved):
Upon approval by the Board, Counsel for the County will sign a stipulation for entry of Judgment that has already been signed by the taxpayer, and will submit a form of Judgment to the Arizona Tax Court disposing of this matter pursuant to the settlement terms.
Impact of NOT Approving/Alternatives:
Additional litigation for the County, with the risk that the Arizona Tax Court could rule in the taxpayer’s favor, reducing the assessed value of the subject property and subjecting the County to paying the Plaintiff’s fees and expenses.
To BOS Staff: Document Disposition/Follow-Up:
Advise County Attorney's Office - Civil Division upon Board's approval.
Attachments
No file(s) attached.