Coquina Oil Corp. v. Larimer County Board of Equalization

I respectfully dissent. Coquina Oil Corporation (Coquina) reported its 1982 production revenue and not its 1981 from four oil leases to the Larimer County Assessor (assessor) pursuant to section 39-7-101, 16B C.R.S. (1982). Based on the report the assessor placed a value on the leases and sent a notice of assessed valuation to Co-quina. Coquina paid the assessed tax and did not discover that an error had been made in the report to the assessor until after the time limitations for protest and adjustment set forth in section 39-5-122, 16B C.R.S. (1982), expired. As a result of a clerical error,…