Assessment Rates
Assessment Rates
The calculation of property tax consists of three segments: the actual value, the assessment rate, and the mill levy. The assessor establishes the actual value of the property and the classification. The Colorado Constitution states that the general assembly determines the assessment rate, and the taxing entities control the mill levies. Refer to the Division of Property Taxation for more information.
2024 Assessment Rates (SB 24-233)
- Agriculture 26.4%
- Commercial 27.9%
- Renewable 26.4%
- Industrial 27.9%
- Oil and Gas 87.5%
- Secondary 75%
- Other Ag 27.9%
- Personal Property 27.9%
- Residential 6.7 %
- Multi-Family 6.8%
- Vacant 27.9%
- Natural Resources 27.9%
2024 Assessment Rates (SB23B-001)
- Agriculture 26.4%
- Commercial 27.9%
- Renewable 26.4%
- Industrial 26.4%
- Oil and Gas 87.5%
- Secondary 75%
- Other Ag 27.9%
- Personal Property 27.9%
- Residential 6.7%
- Multi-Family 6.8%
- Vacant 27.9%
- Natural Resources 27.9%
2023 Assessment Rates (SB23B-001)
- Agriculture 26.4%
- Commercial 27.9%
- Multi-Family 6.765%
- Oil and Gas 87.5%
- Secondary 75%
- Other Ag 27.9%
- Personal Property 27.9%
- Residential 6.765%
- Vacant 27.9%
- Severed Minerals 27.9%
- Personal Property 27.9%
2022 Assessment Rates
- Agriculture 26.4%
- Commercial 29%
- Multi-Family 6.8%
- Oil and Gas 87.5%
- Other Ag 29%
- Residential 6.95%
- Vacant 29%
- Severed Minerals 29%
- Personal Property 29%