PROPERTY ASSESSMENT APPEAL FORM CHRISTIAN COUNTY BOARD OF EQUALIZATION FAXPAYER INFORMATION r. Taxpayer's Name: B & B Movie Theakes LLC Taxpayers mailing address: PO Box 129, Uberty, MO 64069 (Street or Box Number, City, Stale and Zlp Code) Taxpayets phone number: 913-766-8762 PROPERTY INFORMAnON Parcel Number of the property:. 110.5-21-000-000-002,009 Address of property (lf different than Mailing Address): 612-620 North 25th St, Ozark, MO Whal is the current classification of the properly? Agricultural x Commercial Residential Mixed Use What is the market value by the Assessor? $5,750,200 What is the Taxpayer's proposed madket value? $4,025,140 REASON FOR APPEAL Please check the reason you believe the assessment is Incorrect. *Check a// that apply. x Valuation (The value placed on the property by the Assessor fs incorrect; Discrimination flhe properly/s assessed at a ra#o greaterthan the average for the CounM MIsgradeded Agriculturall Land (The properly is not in the correct agricultural productivity grade) Misclassification - The proper classlfication of thls property should be: Residential Commercid Agricultural Charitable Purposes Exemption - The property should be exempt because it is being used for: Religious Purposes Educational Purposes Charitable Purposes Other basis for appeal (explain): *You need to a#ach documentation substantlating value for the Board's consideralion* TaXpayer's Signature: Date: 2/8/11 0 Accrual Basis B&B Theatres Operating Company OZARK Jan - Dec 20 Jan - Dec 19 Ordinaly Income/Expense Income Ticket Receipts 328,952.41 1,578,062.44 Restaurant 17,962.01 136,959.96 Alcohol 10,077.93 68,025.88 Concession Income 184,671.00 782,268.07 Advertising Income 28,485.10 216,369.44 Video Games 97.21 0.00 Ozark Tax Reimbursement 36,343.46 56,128.14 Ozark Tax Reimb Tenant 1,741.33 31,889.53 Rental Income 63,577.44 70,306.24 Service Charge Income 54,657.47 144,513.52 Gift Card Discount (8,930.08) (33,787.97) City Incentive Income 24,562.60 11,140.22 VPF Income 0.00 99,991.73 Special Shows Income O.00 0.00 Grants 10,000.00 0.00 Total Income 752,197.88 3,161,867.20 Cost of Goods Sold Film Rental 180,214.96 932,554.91 Film Delivery 2,295.58 2,849.93 Food Expense 20,102.91 · 81,591.17 Concession Expense 47,206.97 155,705.89 Alcohol Expense 6,371.55 22,365.36 Credit/Debit Card Expense 39,268.60 38,301.59 Sales Tax Expense 56,172.64 263,784.04 Total COGS 351,633.21 1,497,152.89 Gross Profit 400,564.67 1,664,714.31 Expense Dues & Subscriptions 700.00 1,566.17 Postage & Delivery 426.69 1,598.69 Employee Benefits 8,537.09 8,861.48 Payroll Expense 119,625.01 354,305.49 Payroll Taxes 9,988.27 32,721.78 Training 0.00 1,396.70 Alarm Systems 4,383.78 3,825.49 Repairs 8,519.64 57,260.64 Cleaning Service 9,928.43 44,383.73 Donations 280.55 1,122.25 Trash 7,536.42 7,487.11 Supplies 8,788.74 37,246.98 Booth Repairs & Supplies 18,416.54 29,027.95 Digital Prev Maint A Monitoring 12,786.45 22,671.44 Over/Under 250.43 181.73 Page 1 of 2 Accrual Basis B&B Theatres Operating Company OZARK t- 4' 4 4 '0 Jan - Dec 20 Jan-Dec 19 Tickets/Software/Computer 31,825.29 36,184.76 Telephone 1,293.80 4,604.94 Pest Control 1,056.00 1,772.16 DirecTV 670.58 2,338.16 Utilities 103,804.21 146,884.59 Internet 3,636.16 7,804.64 Advertising 16,828.43 79,734.38 Marketing 985.16 10,884.09 Bank Charges 92.43 254.46 Ucense 1,499.00 3,190.52 Use Tax 7.69 48.70 Auditing Fees 120.40 475.45 Payroll Processing Fees 2,361.90 5,269.33 To Be Relmbursed (C/A) 0.00 0.00 Total Expense 374,349.09 903,103.81 Net Ordinary Income 26,215.58 761,610.50 Other Income/Expense Other Income Sales Tax Discount 57,328.16 269,167.38 Total Other Income 57,328.16 269,167.38 Other Expense Lot Maintenance 10,152.50 12,475.00 Rent Expense to B&B LLC 145,900.00 558,600.00 Software License SIgnage/POS 7,200.00 7,200.00 Lease 3,534.94 8,626.78 Warranty 90.00 0.00 Insurance Expense 36,223.22 60,241.55 Real Estate & Property Tax 121,537.21 131,712.80 Legal & Accounting Fees 0.00 655.80 Total Other Expense 324,637.87 779,511.93 Net Other Income (267,309.71) (510,344.55) Net Income (241,094.13) 251,265.95 Page 2 of 2 '..4:61-_12¢, ' CHRISTIAN COUNTY BOARD OF EQUALIZATION 1 On 07/09/21, The B&B Movie Theatres, LLC and the Assessor, Danny Gray came to an agreement regarding Parcel number 11-0.5-21-000-000-002.009. 2464< Aee qse-J The Market value disclosed to them for 2021 was ¢50,200.00. ) I.1& 4 0 -O G 1 1 For 2019 appraised value was $6,372,400.00. The new agreement for 2021 and 2022 subtracting 30% is now $4,460,680.00 K 1 37(fl 7 Assessor, Danny Gray