The Phelps County Board of Equalization (BOE) decided against sustaining an appeal by the owners of Family Fitness, a Rolla business, to reduce their business’ personal property assessment; the BOE rendered a unanimous decision on Thursday to uphold the original assessed value of the business’ equipment.
The Board of Equalization (BOE) based its unanimous decision upon finding the owners had provided an insufficient list of business equipment.
Family Fitness Owners Smith and Connie Gaddy, whose business is located at 605 West 8th Street in Rolla, appeared before the BOE to present their appeal on July 17. The Gaddys appealed an assessment of $7,000 on their business’ personal property and asked for the assessment to be reduced to $1,500.
The BOE requested a list of business equipment at that time, and although a new list was forwarded to the board by the Gaddys, the board found the list contained insufficient information.
The Gaddys originally filed the assessment appeal with the BOE on June 20 stating the nature of the appeal lay in the fact that their assessment increased from $1,800 in 2007 to $7,000 in 2008.
Phelps County Assessor Kevin Rasmussen told the BOE that four, previous attempts had been initiated by the assessor’s office to obtain a list of the business’ equipment, without success.
“If a full accounting of the tangible personal property assets are not produced to the Board’s satisfaction, then the Board either needs to decide what assessment value is fair, or this Board should make an appointment to visit the facility to inventory the assets for amount and value,” Rasmussen informed the BOE.
After the BOE’s decision to let stand the original assessment, the board adjourned.
Rasmussen said no further appeals were pending.
The voting members of the BOE included Presiding Commissioner Randy Verkamp, Commissioner District 1 Larry Stratman, Commissioner District 2 Bud Dean, Kent Mace, owner of Elgin Surveying & Engineering, Gene Gaddy, semi-retired, former banker and consultant to Town & Country Bank, and Harold Bennish, retired engineer contractor.
Other county government business conducted at the Monthly Officials’ Meeting on Thursday in the Commission chambers at the courthouse included the following items:
• Verkamp said the Commission had received many calls from Phelps County citizens relaying their concerns about the proposed Enhanced Enterprise Zone (EEZ), a collaborative effort by the cities of Rolla and St. James to designate a contiguous portion of land between and in both cities as an Enterprise Zone.
The purpose of an Enterprise Zone is to entice businesses to either relocate or expand within the zone. Enticements include tax incentives or abatements, the sole purpose of which is to add jobs to the community.
