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Board denies tax‑abatement petition for 107 Rocky Road after appraisal review
Summary
Following an appraisal presentation and petitioner testimony, the county denied a 2025 tax‑abatement petition for 107 Rocky Road. The appraiser explained county methodology (separating site and improvement), and the petitioner argued that a recent arm’s‑length sale and local comps indicated a lower value; the board voted unanimously to deny.
The Board of County Commissioners held a formal hearing on a petition to abate or refund taxes for RRM LLC (parcel known in the hearing as 107 Rocky Road) and voted unanimously to deny the request.
Aaron Press, representing the assessor’s office, presented the mass‑appraisal analysis used to set the 2025 value. Press explained the office’s approach: vacant land sales are used to establish site values, which are removed from total sales to derive an improvement (structure) price per square foot. Press said the assessor’s office used sales collected between July 1, 2022 and June 30, 2024 (the statutory valuation period) and recommended upholding an assessed value of $5,671,125 for 2025.
Petitioner Matthew Grant participated by Zoom and said he purchased the property in September 2025 for $4.725 million and believed the assessor’s value exceeded market reality. Grant argued that, when comparing comparable sales, his property’s implied price per square foot was lower than the assessor’s total and that certain comparables used by the assessor had different characteristics (ski‑in/ski‑out location, larger lot sizes) that made direct comparisons imperfect.
Commissioners and assessor staff discussed several technical points. Staff emphasized that state statute requires the office to rely on the prescribed valuation period (through June 30, 2024) and to separate land and improvement components when using sales as comparables. Assessors explained that finished basement area is counted as living area for Mountain Village‑area market purposes when finished, while unfinished basements are treated differently. The petitioner pointed to possible data discrepancies for some comparables' reported finished square footage; assessor staff said data quality issues can be addressed in subsequent assessment cycles but do not change the office’s 2025 mass appraisal based on the statutory sales period.
After discussion, Commissioner Brown moved to deny the petition; the motion was seconded and carried unanimously. The minutes show a 3–0 vote to uphold the assessor’s recommended value and deny the abatement.
