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Assessor reports $19.054 billion total real‑property valuation; 1,326 appeals this cycle
Summary
Assessor Larry Banman told commissioners the county's total real‑property valuation is $19,054,144,940; the office recorded approximately 1,326 protests and about 29,000 accounts overall. Commissioners discussed legislative valuation reductions that expired and next‑year implications.
Larry Banman, Grand County Assessor, delivered the statutorily required annual valuation report, listing the county's total real‑property valuation as $19,054,144,940. "This kind of illustrates what we like to call the bifurcated assessment rate... the overall value for the county of real property is 19,054,144,940," Banman said.
Banman explained assessment rates: schools are taxed at a 7.05% assessment rate and other taxing entities at 6.25% (as presented). He reported roughly 1,326 appeals filed this year (substantially fewer than a spike two years earlier) and about 29,000 total accounts. Commissioners and staff discussed that the $55,000 residential and $30,000 commercial legislative reductions that applied in prior years expired for 2025 and noted a new legislative residential value reduction (10% with a $70,000 cap) scheduled for next year; staff agreed to meet with finance to model budget impacts for preliminary determinations.
The BOCC accepted the report; no action was required at the meeting. The assessor noted protest adjustments and reiterated that many values will not be final until the December certification process.
