Assessor staff explains valuation method, cites Colorado statute
Assessor staff told the board the county used historical installed cost, replacement-cost new less depreciation, rollback and a 26% assessment rate, citing Colorado property-tax guidance; the assessor adjusted the account value and reported a modest tax difference after corrections.
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Renee Nielsen, who identified herself as the Louisville County assessor for the record, noted an adjustment to the account valuation and introduced the assessor's staff presentation explaining how the county values business personal property.
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