The following information was compiled to help answer general questions about the tax valuation process.
Please contact any of our agents if you have questions or need further assistance or you can reply below with your email address, phone number and property address and we’ll get in touch with you.
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Actual Value of the Property
The State mandates that property is re-valued every two years (odd numbered years). Residential property is valued using the market approach to value. In this approach, the value of the subject property is based on an analysis of comparable sales. This is an estimate (mass valuation) without a home visit so occasionally is not accurate. For this valuation, the comparable properties must have sold between January 1, 2019 and June 30, 2020. Actual value is given to you in your notice of valuation by mail from the County Assessor.
Assessment Rate
For property that is classified residential, the current assessment rate is 7.15% of the actual value. The assessment rate for most other types of property, including commercial and commercial business personal property is 29% of the actual value.
Assessed Value
Multiplying the actual value by the appropriate assessment rate gives you the assessed value.
Tax Rate
Each year county commissioners, city councils, school boards, governing boards of special districts and the other taxing authorities determine the revenue needed and allowed under the law to provide for the following year.
Each taxing authority calculates a tax rate based on the revenue needed from property tax and the total assessed value of real and personal property located within the boundaries. The tax rate is often expressed as a mill levy. The mill levy is different in each area (varies by city, school district, water provider etc. etc.)
All of the tax rates of the various taxing entities providing services in your tax area are added together to form the total tax rate.
- City Tax Rate
- School District Tax Rate
- Health District Tax Rate
- Water and Sanitation Tax Rate
- Pest Control District
- Total Tax Rate
The assessor classifies and values property. The various taxing entities determine tax rates.
Example Calculation of Property Tax
Actual Value $375,000
Residential Assessed Rate X .0715
Assessed Value $26,812.50
Tax Rate(Central Fort Collins) X .091139
Taxes Due $2,460.75
Notice of Valuation
Real Property Notices of Valuation are mailed by May 1st of each year.
Protest and Appeal Rights
If you disagree with the actual value or classification placed on your property, you may present oral or written objection to the assessor. Protests for real property must be postmarked by June 1st.
Helpful Contact Info
Larimer County
- www.larimercounty.org/assessor
- 970.498.7050
Weld County
- www.weldgov.com/departments/assessor
- 970.498.7050