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Garfield County ratifies amended certification of levies after 11.2% drop in assessed value
Summary
County assessor reported an 11.2% decline in assessed value for 2025 to $2.670 billion—driven entirely by oil and gas valuation declines—and the Board ratified the amended 2026 certification of levies and revenue; commissioners discussed budget implications.
Garfield County’s assessor told the Board on Jan. 20 that the county’s total assessed value for 2025 stood at $2,670,974,620, an 11.2% decline from 2024. The assessor attributed the reduction wholly to lower oil and gas valuations despite increases in residential assessments.
County officials noted the decline translated into a drop in county government assessed revenue—from about $41 million in 2024 to roughly $36 million in 2025—and that mill levies adjust across taxing jurisdictions so total revenue across local governments remained nearly flat. Commissioners discussed the budgetary implications and the need to account for the change in the coming budget process.
The Board moved to ratify the amended certification of levies and revenue for 2026 (the document signed previously) and approved the motion by voice vote.
