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Weld County denies one tax abatement, approves two to align prior-year assessments
Summary
At its Jan. 29 meeting the Weld County Board of Commissioners denied one commercial tax-abatement petition and approved two others that reset 2023 assessments to match decisions reached for 2024, producing tax abatements and valuation changes for each property.
The Weld County Board of Commissioners on Jan. 29 denied a petition to reduce the 2023 assessed value of a commercial property in the Gateway Business Park and approved two separate petitions that adjusted 2023 values to match 2024 County Board of Equalization determinations.
Weld County Assessor Brenda Jones told commissioners the first petition (account R2420803) concerns a 6,396-square-foot commercial building in Johnstown occupied by Arapahoe Rental. Jones said the assessor reviewed cost, market and income approaches and set the assessor value at $1,032,015 (about $161 per square foot). She said comparable sales ranged from $140 to $213 per square foot and that a…
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