Consent 3.
Regular Board of Supervisors Meeting
County Attorney
- Meeting Date:
- 03/09/2015
- Title:
- Approve Proposed Settlement of a Tax Appeal
- Submitted By:
- Annette Weems, County Attorney
- Department:
- County Attorney
Presentation:
No A/V Presentation
Recommendation:
Approve
Document Signatures:
BOS Signature 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 TDD Properties, Inc. v. Cochise County, TX2014-000449 (Assessor parcel No. 104-54-039-D), 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 from $329,534 to no more than $241,500 for Tax Year 2015. After inspecting the property, reviewing the taxpayer’s documentation and other market factors/comparables, the Assessor agrees that the property assessment for Tax Year 2015 should be reduced. The Assessor recommended a settlement offer that lowers the full cash value to $270,000 for Tax Year 2015. The taxpayer has accepted the settlement offer.
Fiscal Impact & Funding Sources: Not applicable, no funding sources are required. Fiscal impact will be a slight 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:
The impact of not approving the settlement is additional litigation for the County. The Arizona Tax Court could also rule in the taxpayer’s favor, which could lead to a larger reduction in the assessed value of the subject property and could subject the County to a judgment requiring it to reimburse 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.