State Mandate for the Valuation of Properties
State statute requires that each property in the county be re-valued by the County Assessor in odd numbered years.
The Assessor’s Role
The Boulder County Assessor identifies and values all property within Boulder County in accordance with state law. The goal is to equalize property values so taxes are distributed fairly and equitably between property owners.
When Property Is Valued
The Assessor’s Office reappraises the value of real property (land and buildings) every odd-numbered year. The value is stated as of the appraisal date, which is June 30 of the year prior to the reappraisal year. The value determined by the Assessor is generally used for the intervening year as well.
After properties have been appraised, the values are analyzed (how? by whom?) to ensure accurate and equitable assessments. Colorado law requires all Assessors to value property at a specific level and within certain uniformity standards. This provides equity in distribution of state school funding, local tax burden, and assessments that cross county lines.
An independent auditor conducts an annual 1% study of all property in each county. Findings are reported to the State Board of Equalization each year.
Why Property Is Assessed
The property assessment process is the basis for generating property tax revenues that pay for schools, roads, fire protection, police protection, and other local services.
All revenue from property taxes are distributed to taxing entities with in Boulder County. Property tax revenue does not support any state services.
Assessments & Taxes
See How Property Taxes Are Calculated for further information on determining mill levies and figuring property taxes.
Certification to Taxing Authorities
The Assessor certifies, each year in August, the total assessed value of all properties within the boundaries of each Taxing Authority.
- For non-residential properties, assessed values are calculated by multiplying the actual value by 29%.
- For residential properties, the assessment percentage is subject to change by the Colorado Legislature each odd-numbered year. The change in percentage is intended to balance the tax burden between residential and all other properties. For the current appraisal period, the residential assessment rate is 7.2% (signed into law June 5, 2017, changing from 7.96%).
Taxing Authorities use these figures to determine their mill levies. If there is any change in the assessed value due to Board of Assessment Appeal decisions, abatements or any other reason, the values are re-certified to the affected Taxing Authorities in early December.