Weld takes property tax hit

Weld County’s assessed property valuation declined $2.7 billion last year, the Denver Post reported, an 18% decline from 2019 that is largely due to a drop in oil and gas extraction.

The cut means $45 million less in taxes; last year proceeds from this business totaled 43% of the county’s property tax revenue. Weld is Colorado’s top energy-producing county.

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