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Commissioners approve $16,370.68 tax abatement refund for Rifle Apartments project
Summary
The Board approved abatement and refund number 25-050 for Rifle Apartments LLLP after staff explained the Garfield County Housing Authority owns 0.5% interest requiring prorated taxable value for 2024.
Garfield County commissioners approved a tax abatement and refund for the Rifle Apartments property on May 19, authorizing payment of $16,370.68.
The Tax Assessor presented Abatement 25‑050, explaining that the Rifle Apartments, a 60‑unit development near the movie theater, included an ownership interest of 0.5% held by the Garfield County Housing Authority on a February agreement. County staff prorated the 2024 valuation to reflect the housing authority's exempt portion and recommended the refund.
Board action: A motion to close the public hearing was made and the commissioners voted to approve the abatement and refund (account R085503) for $16,370.68 and authorize the chair to sign the refund documents.
Ending: The board approved the action unanimously and thanked housing staff for the work on affordable housing provision and related valuations.
