The Commercial Real Estate Team values multi-family residential, commercial and industrial properties. Commercial and Industrial properties include non-residential land and buildings that are generally used to produce income through rents, providing services, or manufacturing products. Colorado law requires Assessors to address all three approaches to value, when appraising commercial and industrial property.
Calculating Your Assessed Value & Estimated Taxes Due
$150,000 (Market Value) x .290 (Commercial Assessment Rate) = $43,500 (Assessed Value)
$43,500 (Assessed Value) x .069494 (Mill Rate) = $3,022.989 (Estimated Taxes Due)