Abstract of Assessment

General Information

The duty of the Assessor is to discover, list, classify and value all taxable property in the County according to Colorado statutes so that property taxes are distributed equitably in accordance with the actual value of property every odd year. Value determinations are subject to an annual audit ordered by the General Assembly. If the Assessor does not comply with the Colorado State Constitution, Article X, Section 3 in correctly determining actual value for each Class of property, the State Board of Equalization shall order a reappraisal; performed at the expense of the County. In addition to the expense of a reappraisal, excess payments made by the State to the school districts must be repaid plus interest.

Notice of Value

Colorado law requires a two-year assessment cycle for all taxable real property. For tax years 2023 and 2024, the assessor is required to appraise all real property as of a June 30, 2022 level of value. 2024 is the second year of this cycle, with actual taxes coming due in 2025. Notices of Valuation are sent to all real property owners on May 1, 2023 for the biennial reassessment. 2024 is an intervening, or non-reappraisal year, so only those properties experiencing a material change sometime in 2023 - such as new construction, re-platting, demolition, reclassification, or a discovery that a property is not being assessed at its correct level of value - will receive a NOV on May 1, 2022. This new 2023 actual value reflects market value as of June 30, 2022 as determined from analysis of market activity and market conditions that occurred since July 1, 2020 up to the valuation date of June 30, 2020. From May 1 through June 8, 2023, owners of real property may protest the value or the classification established by the assessor. Current market conditions, sales activity occurring after the appraisal date of June 30, 2022 cannot be considered in a filed protest. The protest period provides an opportunity for taxpayers to inform the assessor of errors in classification, property description, or other discrepancies that may result in a reduction in value or a change in classification. All taxable personal property owners will receive a Notice of Value no later than June 15. The personal property protest period is only 15 business days long, starting on June 15 and ending on June 30.

The Assessor Does Not Determine Tax Levies

County tax is levied by the Board of Commissioners. School tax is levied by the District School Board. City and Town tax is levied by City and Town Officials. Special District tax is levied by District Directors. After levies are certified in December, the Assessor applies these levies to each property schedule in order to deliver the tax roll to the County Treasurer for collection according to law.