Real-estate agent sign for home contract property for sale in the office with buyer.

Garfield County notices of value mailed out

Market values are as of June 30, 2022, may be appealed no later than June 8

May 10, 2023

Garfield County notices of value were mailed to property owners on May 1, and reflect property values based on the local real estate market as of June 30, 2022, as determined by the Garfield County Assessor’s Office. Property owners may appeal their valuations no later than June 8, 2023.

Property owners experienced steep value increases in this most recent reappraisal over 2021 – the median increase countywide was 54 percent. Depending on the district in which the property is located, this figure may have been higher or lower than that percentage. The property market value is just one factor that determines the property tax payment.

The property market value is first multiplied by the assessment rate, then multiplied by the total mill levy in each district, equaling the tax amount due. Mill levies are voted upon by the people in those districts and are used to fund local taxing entities, such as school, fire, sanitation, and library districts, and local governments. The taxes assessed are based on where your property is located within those taxing entities.

In this formula, the Garfield County Assessor’s Office determines the property’s market value; the assessment rate is set by the Colorado Constitution; the total mill levy encompasses all local taxing entities in a district; and the Garfield County Treasurer’s Office collects taxes and distributes them to local taxing entities.

“Now is the time to make sure your property value is correct,” said Garfield County Assessor Jim Yellico. “Also, is your square footage accurate? Do we have the correct number of bedrooms and bathrooms? This is ‘Value Season’ and from now until June 8 is the best time to address your property’s value. Tax season is in the fall, and that is between the people and the local governments.”

A detailed mill levy report showing which taxing entities each district supports is available on the Garfield County Assessor’s web page – click on the link for “2022 Detailed Mill Levies Report.”

Information on appeals, property tax deferral programs, 2023 assessment rates and property tax adjustments, senior and veterans exemptions, and more are available on the Assessor pages. Property owners can also check property records online to ensure square footage and the number of bedrooms and bathrooms is accurate.

Contact the Garfield County Assessor’s Office at (970) 945-9134 or via email online with questions or for more information.