Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
El Paso County commissioners deny Chestnut Springs tax abatement, citing market-value rules
Summary
The Board of County Commissioners voted 5–0 to deny Chestnut Springs Holdings LLC's request to lower assessed values for 2023–24, with the assessor's office saying the Colorado Constitution requires a market-sales approach and the petitioner failed to meet its burden of proof.
The El Paso County Board of County Commissioners on March 10 voted 5–0 to deny Chestnut Springs Holdings LLC's petition to abate property taxes for tax years 2023 and 2024.
The petitioner's representative asked the board to adjust the valuation of a 92‑unit multifamily property at 4331 North Chestnut Street (Holland Park submarket) to $11,165,000 as of the valuation date (June 30, 2022), saying changes in interest rates should be trended into the sale data to reach that figure. "We're requesting that the board of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
