2002 BOARD OF EQUALIZATION L 1 ORFICE OF KATHRYN C. BLUNT CLERK OF THE COUNTY COMMISSION CHRISTIAN COUNTY 100 W. CHURCH STREET - Room 206 - Ozark, MO 65721 Phone: 417-581-6360 • Fax: 417-581-8331 NOTICE OF MEETING OF BOARD OF EQUILIZATION The annual meeting of the Christian County Board of Equilization Will begin hearing appeals on assessments Monday,;July 8, 2002 and will meet each Monday and Thursday through July 29, 2002 in room 100 of the Christian County Courthouse. Anyone wishihg to appeal their assessment should first contact the County Assessors Office at 581-2440 for an informal hearing. If differences cannot be resolved, then an appointment with the Board of Equilization should be made. The basis for appeal is the true value in money, the·subclassigication of the property, or the exempt/taxable status of the property as of the tax day. You may receive forms for your appeal by contacting the County Clerk' s Office at 100 W Church, Ozark, MO 65721,or by phoning 581-6360. ,·i.;4 %··1·J··E:.72, :'+...*'.:f 99 :+ ·. r 2 -I.:.· Sm 'i f 3 "· flD ! 'Atit RSE+6..-riE.-:„409,rk,.A13,%-».·ap*g»w< <45234,.5,..10*e«&:..3:.,z.i.::5*3:22£f.ck.#%*.**t»PAV.9:ANFi,59!2NAL#edfgiwiarck:w%zikt:%%4&**g«.932 RYAN State & Local Tax Services Three Galleria Tower 13155 Noel Road 12th Floor, LB 72 &COMPANY Dallas, TX 75240-5090 Tel. 972.934.0022 Fax 972.960.0613 www.ryanco.com July 11, 2002 Christian County Commissioner's Office Attn: Linda 100 West Church Street Room 100 Ozark MO 65721 DearLinda: We respectfully withdraw our 2002 appeal to the Board of Equalization on the attached account numbers for Missouri Gas Energy. Thank you for your cooperation. A deN 01*$*Am &04. Mabager, 1Property Tax %,4432020*4€*2* 9¢*%4**53* 9=16*lia Encd. #Wht. .=Xt ..'# 8 Zy *· n31 '*05$43·0»'«*70 0?11% 166*84*2242*7 U€*2*5950*V®*09,1. »450» 7 4 ..fi: ./...,.+*. 5*1 Equal Opprtunity Inra:?!99·. · 2,494&2#YemaREINivdfasiz39*e'&223*Se€85*em.fip,$2225*3S¢Mblna*:=4a-K,qiak<3fha=.ICM*·31$irRABOTTLAFew,38£*4,58*FAs,RjF&FFF: * 0/ i!1 ERNST&YouNG 9 Ernst & Young Ltp , Phone: (713) 750·1500 One Houson Center Fax: (713) 750-1501 Sulte2400 www.ey.com 1221 MclanneySket iflifif/dye/Fa2/ 0-2007 Christian County Assessor McleodUSA Network Services, Inc. Appeal of2002 Local Assessment derived from Schedule 14 Part of Centrally Assessed Property Dear County Assessor: Ernst & Young, LLP is the Authorized Agent to handle property tax matters for McLeodUSA Network Services, Inc. (McNet). For the 2002 Tax Year, MeNet was determined to have telecommunication operating property in the State of Missouri. This was the first year all assets in the State were filed under the methodology for reporting Centrally Assessed Property. While completing the overall process of filing, Schedule 14 of the Central Return Packet was completed and forwarded to your County, by April 11 for valuation. An error was made in completing Schedule 14 in that system-operating property (including fiber, switching equipment, etc) was included in the totals reported to the County. This oversight placed all system property cost in your County as locally assessed Non-Operating property. When the Schedule was valued, no depreciation was applied nor was any consideration given for obsolescence in correlation with either the current market conditions of the Telecommunications Industry or the financial condition of McLeodUSA. These arguments would have been addressed with the State Tax Commission, however, since these assets were included in the local Schedule 14 valuek, the State concededany valuation to the entity. Therefore, all assessed valuation to McNet is being generated from your Schedule 14 assessment that is considerably over market valud. As a result, we respectfully request that a hearing date be set to address the overvaluation issue for McNet resulting from the Fair Market Value placed by your office on the system operating property within Schedule 14. I am enclosing information to support our claim. We would like to set up a time for a telephone conference to review this issue. Should you have any additional questions, please contact me at 713-750-5938 or Vincent Cheng at 713-750-8463. Sincerely, Q 82'C A L r C. Ronald J. Kane v P Property Tax Group l Enclosure A Ernst & Young LU' is a member of Ernst & Young International, Ltd. 342»69.92711:441¢J,DyliE·RUt&9921.92*'3*FI;S¥Vag)WEAMPETHUTE3hlbitt.NIE:Ejj#4-j&3£M35'6&2135;3f(if:fl)BU"*4/atrGL,01tqj7*qe.414*Miaetwk·hir.VMEAfl OFFICE OF JUNIORC. COMBS CLERK OF THE COUNTY COMMISSION CHRISTIAN COUNTY 100W. Church St.-Room 206- Ozark,MO 65721 Ph. 417-581-6360 -Fax: 417-581-8331 BOARD OF EQUALIZATION TAX YEAR 2001 NOTICE IS HEREBY GIVEN THAT AT THE MEETING OF THE CHRISTIAN COUNTY BOARD OF EQUALIZATION HELD ON 07-09-01 , IT WAS DECIDED THERE WOULD BE NO CHANGE IN THE VALUATION OF THE PROPERTY HEREIN DESCRIBED. FINALIZED BY SAID BOARD. PARCEL # 100614003001001001 0-A,- CHRI0TIAN COUNTY CLERK #, $.1 2. · h. 27?93' i-<28 244424 © ·K'©1 241'4·16 460 i.. t.7 ····:.M/P; :it• t · ·.' • •,V•·: 1:: 5/*/FEI¥·95»;'PZ"t/1.,... 3-'*M#¥*MAF 46.24.p·-4919&04*jkkA·**end*t#12*5.2-6 !22.ke€:sPM&·&&3%2??jay*BhF€*5,42.4*26**f:€e:5egk.}*P@9*YN»:4%492%46..*.1,t:%:7*2*.da#&»91'35k*R©·as .e.SE=--I les Jeffrey E. Smith Companies 206 Peach Way RO. Box 7688 573443-2021 Columbia, Missouri 65205 573·4424261 fax May 9, 2001 Cbristian County Board of Equalization c/o Junior Combs Secretarrto the Board of Equalization 1 00 West Church Street, Room 206 Ozark, MO 65721 Re: Branson Christian County, L.P. - Parcel #100614003001001001 Dear Mr. Combs, This letter is written to you in your capacity as Secretary to the Board of , Equalization and is ah appeal to that Board for the assessment ofparcellisted above. This parcel has been appealed to the State Tax Commission iil the past and the ap'peal is still pending, It is our position that the Assessor has not used the appropriate method for valuing this pa?cel. For thatreason we are providing you with this appeal. Under the , Missouri Statute, 137.275 R.S.Mo., "every person who thinks himself aggrieved by the i assessment ofhis property may appeal to the CountyBoard of Equalitation, in person, by attorney or agent, or in writing.".We prefer to present this appeal in·writing. If the Board i requires thatwe appear, please provide us notice ofthe date andtime when appearance is required. Address that notice to Joey Holmgren, Jeffrey E. Smith Companies, P.O. Box ! 7688, Columbia, MO 65205. If appearance is necessary, please forward th6 decision of i the Board of Equalization to the same address in writing. . 6 I Sincerely, h 96&0_ Joey HoImgren Jeffrey E. Smith Companies ... ··v, AJeffrey'i'SmithCompany' .·*' 9 &54*311.12 :?37'925%EgimarimaN:Crsspz€EEZ?*Zy#2Z:*Fely, 3¤%5?5Uf,K,2&95:36 1534* 57*f,Ii#Rk're*bre* f.,vrjigegaE·KXNG'Mijer.1,-tieren'L..:*904 NO. Chrishan , COUNTY BOARD OF EQUALIZATION PROPERTY ASSESSMENT APPEAL FOR 2002 Owner Me!£001([SA Metwort Serves,Tne. Parcel # Mailing Address V.O. 80% 3rll Situs Address City, State, Zip (Ador £4-pias, IA 62406 Property Type & Use Phone # 1314)190 -71}6 Agent. Ernst 4 464,101 1-LP Property Description Address 1221 Me Tinne# 3[reet, auki aim city, state, zip .;¢11ldlC,1 TX 1-1010 Phone # (114-160- 2443 1. Nature of Appeal ment {S Avpx mar Itek witue. Mr E 14. 00&140 . 2. Basis for Appeal 7 Mat &£ inclavd obsolescence. 3. Opinion of Market Value as of January 1,2002 41 64)((089 4. Purchase'Price $ Purchase Date 5. Type .of Sale 6. Subsequent improvements made to property Cost NOTE: Income type property owners should submit income and expense information on forms provided. . NOTE: · DO NOT FILL OUT BELOW THIS LINE, FOR COUNTY USE ONLY Owner's Opinion of Mauket Value . .New 2n02 2002 Assessment Market Value · by BOE Assessment Residential X. 19 Agriculturdl X. 12 fommercial' E x. 32 Total .i:.1.'i.v 1.i Reasod fal Change - 44 2 ::49*4.3. I · t - :732 3,4.:}53:f¤:..2.··4·e.=ta.Z:RF<967.2,99 .. 9.74 1, 9- 01 11: JEFFREY SMITH COMPANIES 11000 AIRPORT DR. COLUMBIA, MO 65201 TO: Junior Combs Fax 417 581 833] FROM: Juliana Bagby 573 - 443-2021 phone 37*M3-2725 fa i DATE: July 17, 1997 PAGE 1 of 3> 1 would like to request our hcarings at 11:00 a.m. on Monday July 28. 1 will also send thc applications by mail. Crhank you, DO .... I - nu/V-y ; Ttl'fIAN·' l 'I Ye 4..: 236*343742·I '·· 5:'· t.*ST titttllfyli : L. * {:Z'/.Ze!·Tic'.9 T.V.I q,·:90 49.1 16/'.Larl plab 820»*ANSY€90)393*62#PBRKEMBMiqqNG.26?0*2%·*13+42*Xm:MS·€45.10*·;498*maat«tey;yis**p,slitay£23*13:7599aftifitwg4•gytihYM#*FEEN#VIM#ZE. f 9-12-9 P ,1_ 42' a.,6 l/:00 ce,·,1. L HO. 41?- 5¥/- 633/ - fU+LiOT, n /1/ COUNTY BOARD OF EQUALIZATION PROPERTY ASSESSMENT APPEAL EOR 19 9 7- am,=ron,ke,4 e.#ve,Sy,A-J CGA L.*arcel t /25-0.L -/4 -06%-00 /-·601-00, Mailing Addres•9?6. box 316 ey Sltus Addiess 250 3 - lk/m#•17 79«D city• State, Zipe,0640/ng /8 m U Property Type & Use'*Ss f 02.07,AL n. phone #, 5' 2,1 - 443 -20 2-/ Ikeomp. Yeonde.iNG: Ae.rym,Al- ComPLEk Ed¢559fT 76 4#wr2*aBuMut Agent 96·41 --351,'0 90,H*C.*4,ww*-' Property Des=iption___ Address 20 3..E...42¢,4.04| A->r QUZ_ 53 A.-)101. 1, 73> - City. Stake, Zie (36 x_ 4,71 4,4 r77O 4516/ d td·re..,L SAJ-04 11- phone * 39 7 - 449 - 44 ?9- 1. Nature of Appeal 9 (hde.77 oj 0,5- \/...d er, oA r- .* V ..... . 6'jil 2. Basls of Appeal 6\ADE- V'AA.UE--0 3. Opinion of Market Value As of January 1,1*2 _tf££/de ba-p£ m,Att 4. Purchaae price $ 6,/•Syrt„-770 Purchase Date. 5. Type of Sale .-I 6. Subsequent improvements made to pboperty Cost NOTE: Income type property owners should submit income and expense information on forms provided. NOTE: DO NOT FILL OUT BELOW THIS LINE, FOR COUNTY USE ONLY Owners's opinion of Market Value New 19 19 Assessment Market Value by ROE r..·.it. Assessment Residential . x.19 Agricultural x.12 - Commercial 4 . x. 32 Total Reason for Change If: ' 1.9 ' 9 ' 23.}19* Ivll}iI¥3 Z'VE'r- 96£:C,re£9Xvi 41·:90 01=··16*/10 . 2 ./ ·
yM:?...e2:·37t·:1·..:·1··,···322+iRO»W..*.4:224252.3,2;7·®'-C=.*:A.;.,3···6:·Rl©P,;A.··.87:NA•:.iabte:f:*9Er#'2:)r,7
6.--4.N. O-&- 3,17 22 6-t- 1/:00 0-UK.
U j .No:
_ / CJ.tli,37-. 4 A COUNTY BOARD OF EQUALIZATION
PROPERTY ASSESSMENT APPEAL FOR 19 9 7-
04£DAGeRA\%64 fLH,€157,+A (1**.M L.1arcal t /b -0.4-/V -003-¢01 -00/-coa_,
Mailing Address'/900 3 ex p, ey Situs Addzesg,250 S• -772dt1/A) "k€.D
CitY, state, 146,4408 fAL , Property Type & Use'/Fs , 0-2,07'>A -_ .
phona #,-¢ 9.7 - 4/•/2 -·20 04/ 37'CO#7'1 92,00tte.t;*4 Def M-eim-,Af
ComoLE X Sosreir 18 4&4- .*57216/
Agent &)19/1.21 --Lt,0 9 A-ce,t Property swriIi€IOn-
Ad#Ma Roa.£:fl.340,*.04,er 'flor ,¥ Airy# er,-·h
i. /
- City, State, Zip , © L ./,09 & i 4 770 4520/ CE»/0,4 86 07-#77*EP ¥
phone *542 2 - 449 - 9/79. Aar/¢ /44
1. Nature of Appeal 7.4 Ocie 7704/ o f V .u_J Ar, a A
2. Basis of Appeal AVP,€- 4,9402 0
3. Opinion of Market Value as of Jan,fazy 1, 199 2 )e,AS b€-rE,teurle-D/ /
4. Purchase Price $ CLTA.97·ral.7,0 Purchase Date 4/
5. Type of Sale - 17
6. Subsequent improvements made to property 1 1-*215,#-"v
Cost
.. t Lgy
NOTE: Income type property owners should submit income and expense information on
forms provided.
NOTE: DO NOT FILL OUT BELOW THIS LINE, FOR COUNTY USE ONIM
Owners's Opinion of Market Value New 19
19 As sessment Market Value by BOE Assess=Et
Residential . x.19
Agricultural x.12
Commercial x.332
Total
Reason for Change .
299€47# W 1 :. . BY CZAZOID¢19 IV.4 ST·:90 021 26/LT/l.QA .
¢00....t:..... , r..i . , . :. ·. 0 -INOR *XVMMIV.I .i . -·
671 , I
BRANSON CHRISTIAN COUNTY L.P.
REAL ESTATE PROPERTY VALUATION
MAP # 10.0.6-14.003-001-001-001 07/28/97
VALUE BASED ON DISCOUNTED NOIOVER RESTRICTED RENT PERIOD
COMPOUNDED AT ANNUAL INFLATION RATE PLUS THE DISCOUNTED
CAPITALIZED lei USING ESTIMATED MARKET RENTS
1997 CAPITALIZED
ASSUMPTIONS RESULTS ASSESSMENT INCOME
RENT RESTRICTED YEARS 15
ADDZ RESTRBTED YEARS 3 APPRAISEDVALUE 1,501,789
PLACED IN SERVICE 04/29/94
YEARS IN SERVICE 3 CAPITALIZED VALUE 869,056
YEARS TO SALE 15
DISCOUNT RATE 9.00% ASSESSED VALUE 285,340 165,121
CAPITALIZATION RATE 10.00% RATE 0.05360
0.05360 ..
INFLATION RATE-RESTRICTED RE 2.00% CALCUtATED TAX 15,294 8,850
INFLATION RATE- EXPENSES 2.00% SURTAX 0.00 0.00
INFLAnON RATE - MARKET RENTS 2.00% TOTALTAX 15.294 8,850
REDUCTION 14/A 6,444
#of UNITS 48 48
TAX PER UNIT 319 184
DISCOUNTED VALUE OFANNUAL NO! DURING RESTRICTED RENT PERIOD
CURRENT
RESTRICTED RENTS
2 BEDROOM 900 SQ. FL # UNITS 20 X RENT $290 $69,600
2 BEDROOM 900 SQ. FT. # UNITS 28 X RENT $340 114,240
# UNITS X RENT 0
# UNITS X RENT 0
Laundry # UNITS 48 X $3 1,728
GROSS POTENTIAL INCOME $185,568
VACANCYALLOWANCE 5.00% (9,278,
EFFECTIVE GROSS INCOME $176,290
ANNUAL OPERATING EXPENSES 70.85% {130,248:
NET OPERATING INCOME (NOI) BUDGETED FOR 1997 $46,042
SUM OFANNUALNOI DURING RESTRICTED RENT PERIOD 3826,031
DISCOUNTED VALUE OF ANNUAL NOI DURING RESTRICTED RENT PERIOD 427,014
CAPITALIZED VALUE OF MARKET RENTS AT END OF RESTRICTION PERIOD
CURRENT ESTIMATED
MARKET RENTS MARKET RENT *
2 BEDROOM 900 SQ. FT. # UNITG 20 X RENT 410 552 $132,433
2 BEDROOM 900 SQ. FT. # UNITS 28 X RENT 410 552 $185,407
0 # UNITS 0 X RENT 0 30
0 # UNITS 0 X RENT 0 $0
Laundry # UNITS 48 X $3 4 52,326
GROSS POTENTIAL INCOME $320,166
VACANCY ALLOWANCE 10.00% (32,017'
EFFECTIVE GROSS INCOME 5288,149
ANNUAL OPERATING EXPENSES 40.00% (127,136:
NET OPERATING INCOME (NOI) $161.013
CAPITALIZED VALUE OF NOI AT 10% CAPRATE 1510,132
DISCOUNTED REVERSION VALUE $442,043
TOTAL CAPITALIZED VALUE $869,056
* Compounded at InflaUon rate for rents
BRANITAX.WI<4
4·&»219;2·42+23:SK*·«24·.·7,·GA..3%€012·i<>433*<42<77TZ,24****MR#il#Uina?Re@3102.¥*4=9;FINE€*03mmE,ge¥;M4=*rte0tgfMmaf*Rm*2€*pr;ammve
11,089 Lo. 10*h
Z89'0:Z 140,122 ,. IN tdir;
: 221,771 000'EL gEL'ESL 0 53292
to N (Nt-N
2 to CO
cv r r 10 0 10 N co Lo c) r-
N N to h O AN N © CN O
*. Co. Lo. 01 0 00 - C 00 C) 1
h 0 0 h 05 0 6 0 45«fr
0, a - 2 9- 910 #Nwg
0
UJLUT-r-Or-O (0 N N e
to Lo O co O CO N 8 . 10