Property taxes are not calculated on the ''full actual value'' as determined by the assessor. The market, cost and income data that county assessors use to apply the appropriate approaches to value is collected during specific periods prescribed by statute and represent a certain ''level of value.'' The exceptions to the three approaches include residential real property (market only), agricultural land and natural resource land (special valuation procedures based on productivity and production). Most property in Colorado is valued using the three approaches to value: the market approach, the cost approach and the income approach. Article X, Section 3, Colorado Constitution, and 39-1-102 (16), C.R.S. View the documents below to see a current breakdown of where your taxes go.Ĭounty Only Property Tax Revenue Distributionįremont County Total Property Tax Revenue DistributionĪll property, real and personal, located in the State of Colorado, on the assessment date January 1st, is taxable unless expressly exempted by the Constitution or state statutes. Property taxes do not support any state services.
What are your Fremont County property taxes used for?Īll of the revenue generated by property taxes stays in Fremont County to pay for services provided to its citizens. The County Treasurer's Office collects the taxes by sending out the tax bill. Each entity certifies a mill levy and the assessor's value is multiplied by the property's total mill levy to arrive at the tax amount. The county assessor determines the actual/market value of each property and then certifies the values to the county entities (taxing districts) and the state. Article 3, Title 39, all taxable property is valued by the county assessor as stipulated by statute and by using the manuals, appraisal procedures and instructions issued by the Division of Property Taxation. Pursuant to Colorado State Statute C.R.S. In addition, our office prepares the tax roll, transfers ownership of property, prepares the abstract of assessment and certifies values to all levying bodies in the county. The Assessor's Office is responsible for discovering, listing and valuing all taxable property (both real and personal) within the county.
What is the function of the Assessor's Office? Stacey Seifert, Fremont County Assessor Frequently Asked Questions
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