The Ouray County assessor presented the 2025 assessed-value report to the Board of County Commissioners on July 15, explaining the state has so far shown two separate assessment rates for 2025: one for school levies and a second for non‑school local governments.

Assessor Susie (presenting) told commissioners that the likely 2025 assessment rates are 7.05% for the school portion of residential properties and 6.25% for non‑school local governments (city, county, library, fire, etc.). Using an illustrative house with an actual value of $500,000, the assessor showed how the school and non‑school assessed values are calculated separately and then multiplied by the respective levies to produce a combined tax bill. Nonresidential properties continue to be assessed at 27%.

Why it matters: The split-assessment approach changes how residential property tax bills will be presented by showing separate assessed values and tax amounts for school and non‑school taxing authorities. The assessor cautioned that the final rates will be certified by the State Board of Equalization in November 2025.

Supporting facts: The assessor reported 241 protests at the assessor level this year, with 126 adjusted and 114 denied; one protest was withdrawn. The assessor also said the taxable real property valuation for 2025 (real property only) is roughly $312,098,050; the exempt real property valuation is about $137,845,510. The assessor noted a slight overall increase in assessed value compared with the 2024 certified totals when personal property and state-assessed values are added.

Quotes: "Most likely, the rate for schools will be 7.05% and the rate for non‑schools will be 6.25%," the assessor said, explaining the current calculations are using those rates for 2025 pending final state certification. "If legislators grant additional reductions later this year, that could change the totals."

Next steps: The assessor will receive state-certified rates in November 2025; the board and county finance staff will use the certified totals in upcoming budget work as the county prepares preliminary figures for August and final certification in the fall.