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HomeMy WebLinkAboutHDC2003-004 Inforrmation From Pulaski County Assessor's Office, For Notice Fo Real Estate Value Change. 06/21/2003PULASKI COUNTY ASSESSOR'S OFFICE 201 SOUTH BROADWAY SUITE 310 LITTLE ROCK, ARKANSAS 72201 CORE BARBARA GALE 1020 Rock St Little Rock, AR 72202-5111 PARCEL NO. 34L-020-03-034-00 LOT. 7 BLOCK 45 SUBDIVISION CITY OF LR L3 LEGAL DESCRIPTION CITY OF LR E68' OF LOT 7 45 PHYSICAL DESCRIPTION 1020 S ROCK ST NOTICE OF REAL ESTATE VALUE CHANGE Ttus IS NOT A TAX BILL The property described above has been reassessed as a result of a countywide reappraisal_ The New Taxable Value will be used to calculate property taxes for the tax year 2003 which are due and payable in calendar year 2004. NEW Taxable Value 8960 9550 Estimated Tax Due $572.54 $610,25 ESTIMATED TA.X INCREASE $37.71 THE ABOVE ESTIMATED TAX DUE IS BASED ON CURRENT MILLAGE RATES PROVIDED BY THE PULASKI COUNTY TREASURER. YOUR REAL ESTATE TAX BILL WILL BE ADJUSTED BY ANY HOMESTEAD CREDIT AND/OR ASSESSMENT FREEZE THAT MAY APPLY. THE AMOUNTS SHOWN DO NOT INCLUDE ANY SPECIAL IMPROVEMENT ASSESSMENTS. YOUR RIGHTS You have the right to informally review the new valuation with an appraiser. If you have any questions about your new market value, or wish ---tohave irTevrewed-P cummrZlre-pulastri-E-om►ty-A-slessor-sOffice-ar(50i)34O=6TM-an-tuskfoTYhe-Appraisal-Depm=errt-or-visir-our web page @ www_countvservice.net for an informal online appeal and refer to the following verification code: 41 fj31 You have the right to appeal the new valuation to the Pulaski County Board of Equalization, even if changed during an informal review. To schedule an appointment with the Board of Equalization, please call the office at (501) 340-61SI. The Equalization Board will be in session for hearings beginning August 4, 2003. You must schedule your appointment on or before August 18, 2003 to appear before the Board. You have the right to appeal the Board of Equalization's decision to the County Judge and then to the Circuit Court. You must, however, appeal to the Board of Equalization before proceeding further, WHY SHOULD YOU APPEAL YOUR NEW ASSESSMENT? The Arkansas Supreme Court has determined why a property's value should change when appealed. The reasons are summarized below and you should appeal your assessment if any of these apply. I The assessment is unfair compared with other lands of the same kind, similarly situated. A property is appraised higher than neighborhood properties of the same use, size, materials and condition. 2 The assessment is clearly erroneous. The appraisal relies on inaccurate or insufficient information about the property. Commercial property example - when rental income the property can generate is not considered. Residential property - when details of a building's quality or condition are disregarded. 3 The assessment is manifestly excessive. The appraised value of a property greatly exceeds what willing, knowledgeable and informed buyers will pay similarly motivated sellers for a property. Selling prices of similar properties indicate 160703 whether the appraised value of a property is excessive or not z'al tr992-f+06-F12 aJ00 9E eEStBO EO SO gnu PULASKI COUNTY ASSESSOR'S OFFICE 201 SOUTH 13ROADWAY SUITE 310 LITTLE ROCK, ARKANSAS 72201 CORE BARBARA G 1018 Rock St Little Rock, AR 72202-5111 PARCEL NO. 34L-020-03-035-00 LOT. 8 BLOCK 45 SUBDIVISION CITY OF LR L3 LEGAL DESCRIPTION PHYSICAL DESCRIPTION 1018 ROCK ST IIIIII IIIII IIBIII II IIIIII lllll IIIII�III il�ll IIIII IIII IIIIIIIIIfI IIIIIIII IIInIIIlil111 �l NOTICE OF REAL ESTATE VALUE CHANGE THIS IS NOT A TAX BILL The property described above has been reassessed as a result of a countywide reappraisal. The New Taxable Value will be used to calculate property taxes for the tax year 2003 which are due and payable in calendar year 2004. CATEGORY PREVIOUS NEW ---�- -- ---^ a2450- -- Appraised - _ Assessed 6.322— 6392— _--_ 1a49t-_-. Taxable Value 6490 414.71 Estimated Tax Due $4408 46 ESTIMATED TAX INCREASE $6.26 THE ABOVE ESTIMATED TAX DUE IS BASED ON CURRENT MILLAGE RATES PROVIDED BY THE PULASKI COUNTY TREASURER- YOUR REAL ESTATE TAX BILL WILL BE ADJUSTED BY ANY HOMESTEAD CREDIT AND/OR ASSESSMENT FREEZE THAT MAY APPLY. THE AMOUNTS SHOWN DO NOT INCLUDE ANY SPECIAL IMPROVEMENT ASSESSMENTS. YOUR RIGHTS You have the right to informally review the new valuation with an appraiser. If you have any questions about your new market value, or wish - --- to iaveif reviewed, p%ase cdnfcTtlie Ptslssk CCounty-Assessors Office at-(50 t )-34f =61-fO-aflrl-ask fonhe Appraisal-Ucparnnent, -orvisit- our -- -- web page @ ww►v,cauntyservice.net for an informal online appeal and refer to the followBeing verification code 02647 - You have the right to appeal the new valuation to the Pulaski County Board of Equalization, even if changed during an informal review. To schedule an appointment with the Board of Equalization, please call the office at (501) 340-6181. The Equalization Board will be in session for hearings beginning August 4, 2003. You must schedule your appointment on or before August 18, 2003 to appear before the Board. You have the right to appeal the Board of Equalization's decision to the County Judge and then to the Circuit Court_ You must, however, appeal to the Board of Equalization before proceeding further. WHY SHOULD YOU APPEAL YOUR NEW ASSESSMENT? The Arkansas Supreme Court has determined why a property's value should change when appealed. The reasons are summarized below and you should appeal your assessment if any of these apply. 1 The assessment is unfair compared with other lands of the same kind, similarly situated. A property is appraised higher than neighborhood properties of the same use, size, materials and condition. 2 The assessment is clearly erroneous_ The appraisal relies on inaccurate or insufficient information about the property. Commercial property example - when rental income the property can generate is not considered. Residential property - when details of a building's quality or condition are disregarded. 3 The assessment is manifestly excessive. The appraised value of a property greatly exceeds what willing, knowledgeable and informed buyers will pay similarly motivated sellers for a property. Selling prices of similar properties indicate 160703 whether the appraised value of a property is excessive or not. E-d is9S2-ib06-bIa ajo0 9H e6Sc80 60 SO 2nd PULASKI COUNTY ASSESSOR'S OFFICE 201 SOUTH BROADWAY SUITE 310 LITTLE ROCK, ARKANSAS 72201 CORE BARBARA GALE 1020 Rock St Little Rock, AR 72202-5111 III III III I Ili] IIII Ili a III I I mill I III IN 51 IN I I I I I pill II 111I1„Il PARCEL NO. 34L-020-03-033-00 LOT. 7 BLOCK 45 SUBDIVISION CITY OF LR L3 LEGAL DESCRIPTION CITY OF LR W72' OF 7 45 PHYSICAL DESCRIPTION E11THST NOTICE OF REAL ESTATE VALUE CHANGE THIS Is NOT A TAX BILL The property described above has been reassessed as a result of a countywide reappraisal. The New Taxable Value will be used to calculate property taxes for the tax year 2003 which are due and payable in calendar year 2004. CATEGORY Appraised PREVIOUS NEW _ . 11Q Assessed 11860 Taxable Value _7060^_ - -� 7060 _ 7770 Estimated Tax Due 451.1 4 6 50 ESTIMATED TAX INCREASE 1.$45.37 THE ABOVE ESTIMATED TAX DUE IS BASED ON CURRENT MILLAGE RATES PROVIDED BY THE PULASKI COUNTY TREASURER. YOUR REAL ESTATE TAX BILL WILL BE ADJUSTED BY ANY HOMESTEAD CREDIT AND/OR ASSESSMENT FREEZE THAT MAY APPLY. THE AMOUNTS SHOWN DO NOT INCLUDE ANY SPECIAL IMPROVEMENT ASSESSMENTS. YOUR RIGHTS You have the right to informally review the new valuation with an appraiser. If you have any questions about your new market value, or wish to have icirevi wewd—please edntactINe Paraski County Assessor's Office at-(501)-340-6-T7G n-d'9sk for the A`ppraftaI-DepartmenT &—v sR-our — web page @ www.countyservice.net for an informal online appeal and refer to the following verification code: '40490 You have the right to appeal the new valuation to the Pulaski County Board of Equalization, even if changed during an informal review. To schedule an appointment with the Board of Equalization, please call the office at (501) 340-6181. The Equalization Board will be in session for hearings beginning August 4, 2003. You must schedule your appointment on or before August 18, 2003 to appear before the Board. You have the right to appeal the Board of Equalization's decision to the County Judge and then to the Circuit Court. You must, however, appeal to the Board of Equalization before proceeding further_ WHY SHOULD YOU APPEAL YOUR NEW ASSESSMENT? The Arkansas Supreme Court has determined why a property's value should change when appealed. The reasons are summarized below and you should appeal your assessment if any of these apply. 1 The assessment is unfair compared with other lands of the same kind, similarly situated_ A property is appraised higher than neighborhood properties of the same use, size, materials and condition. 2 The assessment is clearly erroneous_ The appraisal relies on inaccurate or insufficient information about the property. Commercial property example — when rental income the property can generate is not considered. Residential property — when details of a building's quality or condition are disregarded. 3 The assessment is manifestly excessive. The appraised value of a property greatly exceeds what willing, knowledgeable and informed buyers will pay similarly motivated sellers for a property. Selling prices of similar properties indicate 160703 whether the appraised value of a property is excessive or not. is-d *1992—ia06—iTT2 OJ00 9H EBS:BO co SO 2nd Pulaski County, Arkansas 1014 ROCK ST Parcel Imp # Owner Name Billing Name Billing Address City, State, Zip Lot Block Subdivision Legal Desc 34L-020-03-036-00 1 ROBERTS GREGORY D & STEPHANIE ROBERTS GREGORY D & STEPHANIE 1014 ROCK ST LITTLE ROCK AR 72202-5111 9 45 CITY OF LR 13 Ownership COHN TO ROBERTS Sale Date 10/3/02 Sale Price $ 0 Book 02 Page 182945 Occupancy Single Family Area 1 st/2nd/Total 1,516 / 0 / 1,516 Bsmt Unf/Fnp/Fwp/Tot 0 / 0 / 0 / Story Height 1 Story Exterior Walls Standard Frame Grade D5 Year / Effective Age 1920 / 49 Bathrooms 1 Full Roof Type Asphalt Gable Heat/AC Floor/Wall Furnace Fireplace 0 Sec-Twp-Rng Total Acres 0.00 Timber Acres 0.00 School Dist 001 DISTRICT 001 Old Parcel 11-000-01-045-009-00 Assessed Appraised Year 2003 Land Value 10,000 2,000 Imps Value 21,550 4,310 Total Value 31,550 6,310 Taxable Value 6,062 Est Taxes N/A Additive Items Area OP 24 SEP 176 Yard Improvements Area WFX6 50 CPSF 180 CP 432 Residential Land Front Rear Depth Avg Units 7000 sq ft 0 0 0 1.00 lots Printed 8/4/03 14:36:20 (r) 1999-2003Apprenhce Information Systems, LLC Pulaski County, Arkansas 1018 ROCK ST Parcel 34L-020-03-035-00 Imp # 1 Owner Name CORE BARBARA G Billing Name Billing Address 1018 ROCK ST Citv, State, Zip LITTLE RUCK AR 72201— Lot 8 Sec-Twp-Rng Block 45 Total Acres 0.00 Subdivision CITY OF LR L3 Timber Acres 0.00 Legal Desc School Dist 001 DISTRICT 001 Old Parcel 11-000-01-045-008-00 Ownership SEC OF VA to CURE BARBARA Year 2003 Appraised Assessed Sale Date 12/7/00 Land Value 0 0 Sale Price $ 0 Imps Value 32,450 6,490 Book 00 Total Value 32,450 6,490 Page 086581 Taxable Value 6,490 Est Taxes $441.39 Occupancy single Family Additive Items Area Area 1 st/2nd/Total 544 / 0 / 544 Bsmt Unf/Fnp/Fwp/Tot 0 1 0/ 0/ 0 Story Height 1 Story Exterior Walls Standard Frame Grade D5+5 Year / Effective Age 1960 / 28 Bathrooms 1 Full Roof Type Asphalt Gable Heat/AC Floor/Wall Furnace Fireplace Yard Improvements Area Printed 8/4/03 14:35:00 (c) 1999-2003 Apprentice Information Systcim_, LLC Pulaski County, Arkansas 1018 ROCK ST Parcel 34L-020-03-035-00 Imp # 2 Owner Name CORE BARBARA G Billing Name Billing Address 1018 ROCK ST City, State, Zip LITTLE ROCK AR 72201- Lot 8 Sec-Twp-Rng Block 45 Total Acres 0.00 Subdivision CITY OF LR i3 Timber Acres 0.00 Legal Desc School Dist 001 DISTRICT 001 Old Parcel Ownership SEC OF VA to CORE BARBARA Year 2003 Appraised Assessed Sale Date 12/7/00 Land Value 0 0 Sale Price $ 0 Imps Value 32,450 6,490 Book 00 Total Value 32,450 6,490 Page 086581 Taxable Value 6,490 Est Taxes $441.39 Occupancy Single Family Additive Items Area Area 1 st/2ndlTotal 1,280 / 0 / 1,280 OP 57 Bsmt Unf/Fnp/Fwp/Tot 0 f 0/ 0/ 0 Story Height 1 Story Exterior Walls Standard Frame Grade D5 Year / Effective Age 1920 / 49 Bathrooms 2 Full Roof Type Asphalt Gable Heat/AC None installed Fireplace Yard Improvements Area TFX6 70 Printed 8/4/03 14:35:09 (c) 1999-2003 Apprentice Information Systems, LLC June 21, 2003 Barbara & Jay Core 1020 Rock Street Little Rock, AR 72202 Address: 1020 Rock Street (I Vh & Rock Streets) McArthur Park Area Legal Description: The East Sixty Eight (69) feet of Lot Seven (7), in Block Forty - Five (45), original City of Little Rock, Pulaski County, Arkansas Project Description: Restoration of front facade of commercial building known as "Baer Grocery". 1. Uncover original facade: A. remove plywood & beaded paneling under plate glass windows B. remove 1950's aluminum doors and surround H. Restore to original condition: A. reveal and restore original beveled panels under plate glass windows B. restore door openings to original 9"x6" opening size C. install pair of 2" solid wood & plate glass doors in each opening (design copied from antique bevel paneled doors from commercial site) III. Construction Dates: Starting Upon Approval IV. Impact on the neighborhood "Baer Grocery & Mercantile" was a vital part of the community from the 1880s to the early 1900's. This corner grocery and mercantile provided goods and services to the citizens of the "original city of Little Rock". Restoration of this building to its' original facade will enhance its presence in the neighborhood. This restoration will supplement the surrounding historic residential area with a new balance by revealing the long hidden features of this commercial piece of historic architecture.