For the 2023-2024 appraisals, the actual value assigned to vacant land, residential and commercial properties is based on sales and other market data from January 1, 2021 through June 30, 2022. This data gathering period, called the base period, is prescribed by Colorado statutes. However, if an insufficient number of comparable sales occurred during that timeframe, the assessor is authorized to analyze sales that occurred up to five years preceding June 30, 2022. Time Adjusted Sale Price includes market appreciation from the sale date to the end of the base period, June 30, 2022.
We analyze all sales which occur in the county to determine the valuations.
For commercial and industrial properties, we also use cost and income information to help estimate the values.
Changes in the economic data after the June 30, 2022 appraisal date cannot be considered until the next general reappraisal.
All property was reappraised in 2021, using market information from the January 1, 2019 through June 30, 2020 period.
For agricultural property, mobile homes and or businesses, the valuation process is explained in the following brochures:
Classification and Valuation of Agricultural Property in Colorado