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Broomfield staff: homeowners may see higher bills even as city property tax revenue falls
Summary
City finance staff told council that recent state assessment changes and falling commercial valuations will reduce Broomfield's retained property tax revenue by an estimated $6.5 million beginning in 2026, even as many homeowners'bills rise. Staff urged data-driven land-use decisions and outlined next steps in the long-range financial plan.
Mister Clark, the city's finance lead, told the council that changes to state assessment rules and a drop in commercial property valuations have combined to create a counterintuitive effect this year: many homeowners will see their tax notices increase even while the city and county's retained property tax revenue declines.
"Broomfield is experiencing a period where residential tax bills are rising while CCOB revenue decreases," Clark said, and he quantified the impact: "Beginning in 2026 . . . we will see a $6,500,000 reduction to our budget. This is now the new base which we will see each year."
The presentation walked the council through the three key components…
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