The Appraisers

Jeffrey M. Monroe, Founder, President, Appraiser

Following pre-med studies, a Biochem degree and a Business minor from the University of Colorado, somehow Monroe wandered into oil and gas property tax work for Gulf Oil Company in 1978.  After working for 6 years in oil and then onto commercial properties working for a large property tax firm, he started TPS in 1985, incorporating in 1989.

Monroe developed his business in the early years doing commercial properties such as shopping centers, apartment complexes, convenience stores, and office buildings; he moved into banks in 1990 right as branch banking legislation was passed in Colorado, and then on to golf properties in 1994.  During those 23 years, he used specific appraisal principles and techniques in conjunction with his property tax appeals, and then after Colorado passed law in 1991 requiring licensing of appraisers, he was duly licensed.  Since then, Monroe has completed over 200 hours comprising dozens of courses specific to the business of golf.  

Monroe has been recognized as an expert in golf properties by county and state boards of equalization and state tax commissions throughout much of the United States (see Where We Do It).  Monroe has spoken on golf property valuation before the Utah State Tax Commission, and instructed at the Wisconsin Chapter of the IAAO, the 2001 Society of Golf Course Appraisers Annual Meeting, the 2002 Crittendon Golf Expo, the 2003 NGCOA Solutions Summit, and chaired the 2004 NGCOA Tax Symposium.

Tom McElhinney, Senior Appraiser

McElhinney received his BSBA degree in Personnel Administration and Corporate Finance in 1968.  After building mountain homes and then selling mountain real estate, he fell into appraisal out of necessity -- there were no appraisers in his mountain area.  Ultimately, he became the Commercial Appraiser for the Jefferson County Assessor's Office.  During his 10 years with Jeffco he co-authored and presented/instructed two seminars and served on the Board of the Colorado Association of Tax Appraisers.  He joined TPS in 1999.

Carolyn Carter, CPA and Staff Appraiser

After graduating cum laude with a BS in Education, Carter spent 9 years in retail, working her way up to Inventory Control Manager for the entire chain of Marshall Field department stores, while concurrently studying accounting and earning her CPA certificate.  She worked as an accountant for an engineering firm for 13 years with responsibilities including accounting for six subsidiaries, accounting laison between the computer and accounting departments, accounting liason for the payroll department, and ultimately performing water and wastewater rate studies for over 30 different public entities.  To satisfy a long-nagging urge (and ultimately get over it!) she left engineering and pulled off a four-year stint teaching 4th grade in a Denver Public School.  (Can you believe this?)  Well, then appraisal called. Carter studied appraisal, got her license and joined TPS in June of 2004.  She is a member of the AICPA Business Valuation section.