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Montezuma County assessor reports $78 million rise in taxable real property value
Summary
The county assessor briefed commissioners on preliminary property valuations showing increases concentrated in residential and building values, changes in vacant-land classifications, and an 8% drop in Kinder Morgan personal property production.
The Montezuma County assessor (name not specified in the meeting record) reported preliminary increases in real property valuations that will affect tax calculations for fiscal year collections.
The assessor said overall real-property values increased by about $78,000,009.82 (speaker-provided figure) and that, using the current county general mill levy, the increase translates to roughly $836,000 in additional revenue to county general (speaker phrasing). The assessor attributed much of the change to residential sales and an increase in building values; vacant-land values changed as…
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