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Assessors Office

Commercial Property

The Assessor determines the actual value of commercial and industrial real property every two years in odd-numbered years by considering the three approaches to appraisal.

Choosing the most appropriate approach for a property’s value requires extensive knowledge of economic trends and the real estate market, but ultimately it comes down to identifying the factors that would influence an investor’s decision-making process.

In 1982, the Gallagher Amendment to the Colorado constitution set the assessment rate for commercial real estate at 29%.  This results in higher taxes compared with a residential property.

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