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• Fir: MTv i "ICE rTY, . W, 'J E . ! , > ,LERK May 2ntl, 2016 MAY 0 2 :.o To TIME From County Board of Equalization -- Topperz. inc. 121 South Pine Street 1115 Allen Dr.#B Grand Island NE 68801 Grand Island, NE 68803 Store phone: 308-384-1536 l9 Re: Protest of 2015 Topperz, Inc Ci'(d_tt A- Dear County Board of Equalization A Ldn F ):13- -1rtS ( `-''Zt We are hereby protesting the ed value was $992,690. The actual value wa but due to the fact that the difference was e: oping to that Hall Topperz s matter r; t we can f; ;nt. We • tment of R we are fili a typical pr. ie actual va store, retails frozen yogurt and drinks at said location on - _ . _. . - .r_ e oo age is -2900 sqft, with only 8 small tables and short window bench for servicing to the customers. The major equipment we have is 5 frozen yogurt/ice cream machines. The store opened in August 2014. Therefore, 2015 was the first year we needed to file personal property tax. Since it is our first year in business, there were a lot of things to learn. We did not know we need to initiate the personal property tax returns, but we learn now. Since, we did not receive the letter the Country Assessor's office had sent out, we failed to file the protest on time. We recognize we are responsible for some of the discrepancies, and it is fair to pay the penalties for the late filing. However, we feel it is not justifiable to pay for the over assessed value where the error was so huge. We understand the assessor had to estimate the amount, if the value was 25% even 50% higher, we will be happy to pay for the assessed amount and not trouble the County. However, the assessed 1000% over the actual value is shocking and unfair coming from assessment professionals. To support our dispute, attached Schedule 1 lists the properties we purchase when we open in 2014. It also includes the 1st year tax report depreciation schedule. The total purchase value was $66,098.