To: Board of County Commissioners
Through: PK Kaiser, Assessor
Prepared By:
prepared
Ben Swartzendruber, Sr. Assistant County Attorney
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presenter
Presenter: Ben Swartzendruber, Sr. Assistant County Attorney
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Subject:
title
2025 Board of Equalization Value Corrections Resolution
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Purpose and Request:
recommended action
The purpose of this request is for the Commissioners to consider the County Assessor's request that the parcels identified below be adjusted in value to apply equitable treatment to all like properties and to comply with statutory requirements.
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Alignment with Strategic Plan: Good Governance - Operate in transparent, inclusive, and communicative manner.
Background and Discussion: Pursuant to Section 39-8-102, C.R.S., the County Board of Equalization shall correct any errors made by the Assessor, and whenever in its judgment justice and right so require, it shall raise, lower, or adjust any valuation for assessment to the end that all valuations for assessment of property are just and equalized within the County. The Arapahoe County Assessor is responsible for the valuation of approximately 225,000 taxable parcels, and during the valuation process, an occasional error is made. When such errors are discovered, the Assessor recommends corrections to the County Board of Equalization to be fair to the affected taxpayers and recommends that the Board approve the changes identified below to the referenced parcels.
The values of the following parcels shall be corrected for the reasons noted:
* PIN 034039813 (Essex House located at 5390 S Santa Fe Dr.): This hotel parcel is currently classified as 100% commercial and valued for tax year 2025 at a total value of $3,033,000, which consists of a land value of $3,015,840 and an improvement value of $17,160. Pursuant to the Assessor's Reference Library, hotel/motel properties may be entitled to a mixed-use classification and receive a residential assessment rate on a porti...
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