Because of changes in assessment of residential property dictated by the Gallagher Amendment to the Colorado Constitution, Delta County government is expected to receive less revenue from property taxes next year.
Nevertheless, many homeowners will not see any corresponding decrease in next year's tax bills.
A change in property assessment procedures mandated by the state will not have the big impact on county government revenue that had been feared.
County assessor Debbie Grifffith reported to the county commissioners Monday that the assessment rate on residential property next year will drop from 7.65 percent to 7.2 percent.
The Colorado Constitution establishes a property tax exemption for senior citizens and disabled veterans. For those who qualify, 50 percent of the first $200,000 in actual value of the primary residence is exempted from property tax. The State of Colorado pays the property taxes on the exempted value.
Delta County Board of Commissioners Bruce Hovde, chair, Mark Roeber and Doug Atchley, convening in their role as the Board of Equalization for property tax assessments, heard three petitions for adjustments to county assessor's tax assessments on Aug. 1.
Hearing officer Allen Black had made recommendations to the commissioners regarding the three properties.
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