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Assessor reports 2025 valuations; oil and gas assessed value drops about 48%
Summary
The Broomfield assessor presented preliminary 2025 assessment totals: total taxable value fell about 7% since Dec. 31, 2024, driven in large part by a near-48% decrease in assessed oil-and-gas value. Council authorized the mayor to sign the 2025 abstract of assessment.
City Assessor Jay Yamashita reported to council July 8 on the status of 2025 property valuations and recommended a resolution authorizing the mayor to sign the 2025 abstract of assessment after hearings conclude.
Yamashita said the assessor’s office follows state timelines for appeals and reporting; hearing officer recommendations are due to council no later than Aug. 5 and the abstract must be delivered to the state by Aug. 25. Because of the tight timeline between hearings and the state…
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