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Board lowers valuation on multi‑unit property to $686,345 after owner appeal
Summary
Peter and Courtney Leslie appealed the valuation of a multi‑unit residential property; the county assessor recommended and the Board approved a reduced total assessed value of $686,345 after considering depreciation and income approach factors.
Peter and Courtney Leslie appeared before the Greeley County Board of Equalization to contest the valuation of a multi‑unit residential property (Property ID 390518400). Assessor Gerri Behnk presented an analysis that considered depreciation, replacement cost and the income approach and recommended reducing the valuation to a total assessed value of $686,345.
Board member Dennis Wadsworth moved to approve the assessor's recommendation and Vice Chairman Joe Leslie seconded. The motion carried on a roll call vote of Wadsworth yes, Leslie yes; Jordan Foltz was absent, excused. The change was recorded as the Board's final action on the protest.
