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Teller County assessor reports largely flat 2026 valuations as mine production spikes
Summary
Assessor Kurt Schoenberger presented 2026 gross assessed values: $816,445,002.87 for real property and $125,233,001.93 for personal property (about 1% up). He said a 10% residential exemption was largely offset by an increased assessment rate and flagged a 126% jump in mine production.
Assessor Kurt Schoenberger told the board the county's assessed values for 2026 remain near last year espite several moving parts, driven largely by increased mine production.
"The assessed value for taxable year 2026 for our real property, we're at $816,445,002.87," Schoenberger said, and reported personal property assessed at $125,233,001.93. He described that overall assessed values are about 1% higher than last year but noted the state's 10% residential exemption was largely neutralized when the state raised the assessment rate (from 6.25 to 6.8 percent on applicable portions).
Schoenberger said the mine reported roughly 126% more production than Newmont reported the prior year, which kept county totals from declining. He also reviewed appeals activity: 88 total appeals (14 agricultural, 26 commercial, 36 residential, 11 vacant land) with 45 adjusted and 43 denied, and reminded residents they have until July 15 to file appeals with the County Board of Equalization.
Commissioners discussed sending a letter to state leaders about the net effect of the state—0% exemption and raised concerns about how assessment-rate changes can produce surprising local impacts; Schoenberger said the same state processes determined both the exemption and the assessment-rate change.
