The Weld County assessor presented the 2025 preliminary valuation for assessment on Aug. 25, saying the countywide taxable assessed value increased from about $19.68 billion to roughly $20.2 billion, a 2.6% rise, and asked the Board of County Commissioners to accept the report.

The report matters because 2025 is a reappraisal year and the valuations affect property tax calculations for the county and 648 local governments and school districts that rely on the county’s abstract of assessment, the assessor said.

The assessor told commissioners the numbers reflect both market changes as of the valuation date (June 30, 2024) and statutory changes enacted during the 2024 special legislative session. “For example, residential shows an increase of 12%, but we know the market value change and the change from new construction only totaled 7%. The additional 5% increase in assessed value is due to the legislature eliminating temporary value adjustments and also changing the assessment rate,” the assessor said. The assessor also said oil and gas valuations fell 2.6%, driven largely by small reductions in commodity prices.

The assessor presented the master protest log and appeal counts: 4,269 assessor-level real property appeals with an adjustment rate of about 35%; 276 personal property appeals and 32 oil-and-gas appeals. The assessor said combined personal property and oil-and-gas protests produced adjustments on all but 15 accounts (a 95% adjustment rate). The assessor also said 1,029 businesses of 4,361 did not timely file a personal property declaration (about 24%) and that staff will begin auditing those companies to correct values before year end.

The assessor reminded the board that County Board of Equalization appeals are beginning and that final abstracts of assessment will be reported no later than Nov. 21 to support local budgeting.

The board voted to accept the report. Commissioner Kevin Ross moved to accept the report of valuation and master protest log; Commissioner Jason Maxey seconded. The motion passed on a voice vote.