Archuleta County Assessor Johanna Tully-Elliott provided a report on the 2024 valuation of property in the county, as well as on protests of valuation and their results, to the Archuleta County Board of County Commissioners (BoCC) at its July 16 meeting.
Tully-Elliott opened her update by stating that the report is required by Colorado law and must include valuations of property in the county, and a list of real and personal property protests and their results.
She stated that the assessments are based on the 2023 tax rates of 6.7 percent for residential property, 6.9 percent for multifamily, 27.9 percent for vacant land, 27.9 for lodging and 26.4 for agriculture.
She added that these values are a “snapshot in time” and reflect values as of July 9, 2024.
Tully-Elliott also noted that these values do not reflect the 2024 assessment rate, or the $55,000 residential value adjustment and the $30,000 commercial adjustment.
She explained that the real property valuation for the county is $611,920,160, while the personal property valuation for the property is $24,428,310 for a total of $636,348,470 in assessed value.
Tully-Elliott reported in 2023 that real property in the county was assessed at $658,867,470 and personal property in the county was valued at $3,642,320 for a total valuation of $662,509,790.
In 2022, real property in the county was valued at $378,843,700 while personal property was valued at $19,931,090 for a total value of $398,765,790, according to the assessor’s 2022 report of valuation.
Tully-Elliott stated that the assessor’s office received a total of 109 protests of property valuations.
She indicated that 42 real property protests were approved and 27 were denied, while no personal property protests were approved and 40 were denied.
Commissioner Warren Brown asked how many of these protests are likely to be heard by the county Board of Equalization (BOE), which is composed of the members of the BoCC.
Tully-Elliott indicated that she would expect about 10 percent of the protests to pass on to the county BOE and that she had received two so far.
She noted that the deadline for appeals to the BOE was July 15 and that more could potentially arrive by mail.
josh@pagosasun.com
