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Statutory Advisory Committee Materials

March 20, 2014

III.  Appraisal Standards - Curt Settle
      A. ARL Volume 3, Chapter 5, Valuation of Agricultural Land
            1. Page 5.28                    Correction to statutory reference alnd language regarding residential
                                                       land definition because of § 39-1-104 (10.2), C.R.S., regarding property
                                                       destroyed by natural causes.
      B. ARL Volume 3, Chapter 6, Valuation of Natural Resources
            1. Page 6.60                    Updated contact information for earth and stone industry association.
      C. ARL Volume 3, Chapter 7, Special Issues in Valuation
            1. Page 7.31                    Correction to statutory reference, language, and formatting regarding
                                                       residential land definition because of § 39-1-104 (10.2), C.R.S., regarding
                                                       property destroyed by natural causes and § 39-1-102 (1.6), C.R.S.,
                                                       regarding a residential improvement on agricultural land.
             2. Page 7.41                   Correction to statutory reference and language regarding residential land
                                                       definition because of § 39-1-102 (1.6), C.R.S., regarding a residential
                                                       improvement on agricultural land.
             3. Page 7.88                   Updated ski area possessory interest calculation example.
             4. Page 7.113                 Updated Addendum 7-D Possessory Interest Valuation Rates with 2014
                                                       ski area capitalization rate and Possessory Interest Level of Value
                                                       adjustment factor.
       D. ARL, Volume 5, Chapter 2, Discovery, Listing, and Classification
             1. Page 2.14                   Added clarifying language for personal property exemption threshold
                                                       relating to state assessed property.
        E. ARL, Volume 5, Chapter 5, Personal Property Reviews
             1. Page 5.1                      Corrected formatting and grammar for consistency and clarification.
        F. ARL, Volume 5, Chapter 7, Special Issues
             1. Page 7.6                      Updated language regarding high-technology drill rig valuation.
             2. Pages 7.59 & 7.61     Updated dates and rates in Addendum 7-A Drilling Rig Depth Schedule
                                                        with 2014 values for skid-mounted drilling rigs, drill pipe, drill collars,
                                                        and Level of Value adjustment factor.