How is my property value determined?
All real property in Colorado is reappraised on a 2-year cycle, in odd-numbered years.

The actual value assigned to residential properties January 1, 2013 is based on market values as of June 30, 2012, as defined by sales of residential property in the 18-month period from January 1, 2011, to June 30, 2012. Those sales indicated the market conditions in various parts of San Miguel County.

For nonresidential property, the cost, market and income approaches to value are all considered. Up to 5 years of market activity are analyzed for nonresidential properties.

All sales are trended to the end of the data collection period.

Show All Answers

1. Can I pay my property taxes with a credit card?
2. How are property taxes calculated?
3. How is my property value determined?
4. Who sets the assessment rate?
5. Who sets the mill levy?
6. Can I appeal my property taxes to the Assessor?