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Garfield County assessor reports 19% drop in total assessed valuation, driven by oil and gas decline
Summary
Garfield County Assessor Jim Yalico told county commissioners that the county's total assessed valuation is down about 19% from last year, driven mainly by a 38% fall in oil and gas assessed value despite a 13% increase in real property values excluding state-assessed property.
Garfield County Assessor Jim Yalico reported to the Board of County Commissioners that the county's 2025 assessed valuation fell about 19% from 2024, primarily because of a sharp decline in oil and gas valuations. Yalico said the county received 536 real-property protests during the appeal period this year compared with 1,923 in 2023, and that staff adjusted 276 protests, denied 260 and voided 8. "We had 276 protests that we adjusted. We denied 260 of them. 8 of them were voided," he said. The assessor said total assessed real property value (not including state-assessed property or possessory interests that will be finalized at the County Board of Equalization hearings) is about…
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