Consent 3.
Regular Board of Supervisors Meeting
County Attorney
- Meeting Date:
- 08/08/2017
- Title:
- Approve Proposed Settlement of a Tax Appeal
- Submitted By:
- Tiffany Sanzon, 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 Shree Yogiji, Inc. v. Cochise County, ST2015-000903, 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, seeking a reduction in assessed value for parcel number 109-05-032B for tax year 2016. After inspecting the property, reviewing the taxpayer’s documentation and other market factors/comparables, the Assessor agrees that the parcel’s value for Tax Year 2016 should be lowered. The Assessor recommended a settlement offer as follows:
A reduction in full cash value for tax year 2016 from $1,897,687.00 to $1,025,000.00.
The taxpayer has 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.
A reduction in full cash value for tax year 2016 from $1,897,687.00 to $1,025,000.00.
The taxpayer has 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 and Plaintiff’s Counsel will sign a stipulation for entry of Judgment 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 Court may (1) rule in the taxpayer’s favor; (2) order a larger reduction in the assessed value of the subject property; and (3) order the County to pay the Plaintiffs’ fees and costs.
To BOS Staff: Document Disposition/Follow-Up:
Advise County Attorney's Office - Civil Division upon Board's approval.
Attachments
No file(s) attached.