Commissioners: We recognize tax implications of increase

By Jody Shadduck McNally,
Kristin Stephens, and John Kefalas
Larimer County commissioners

By now you’ve read and processed the Larimer County Assessor’s Notice of Valuation for your property and have either appealed or accepted the new value. As your commissioners, we wanted to jointly address these residential and nonresidential property value increases.

State law requires county assessors to reappraise the value of all properties every two years, within the 18-month period ending on June 30 of the year before the reappraisal year, and state law allows the assessor to extend the “study sales period” by 6-month increments. For the tax year 2023, the 2-year…