Assessor's Office

Recent Legislation:

HB24B-1001: 2024 Property Tax

Property tax revenue limit. Senate Bill 24-233, concerning property tax, created a limit on the annual growth of specified property tax revenue (property tax limit) for certain local governments excluding school districts. Sections 3 through 7 of HB24B-1001 modify that property tax limit and create a new property tax limit for school districts. For the full version of the Bill Summary, https://leg.colorado.gov/bills/hb24b-1001.

Below are notable points:

• Modifies the property tax limit for local governments excluding school districts so that this limit is no longer 5.5% but is instead equal to the greatest amount of qualified property tax revenue collected by a local government in a previous property tax year increased by 5.25% multiplied by the number of property tax years in a reassessment cycle.

• Tax Year 2024 maintains the assessment rates and adjustments as defined in SB23B-001.
• Provisions included specific to Non-Residential:
  • For the property tax year commencing on January 1, 2025, the valuation for most nonresidential and personal property is 27% of the actual value of the property.
  • For the property tax year commencing on January 1, 2026, the valuation for commercial property and agricultural property is 25% of the actual value of the property and the valuation for most other nonresidential and personal property is 26%.
  • For property tax years commencing on or after January 1, 2027, the valuation for most nonresidential and personal property is 25% of the actual value of the property.
• Provisions included specific to Residential if the statewide increase in actual value is less than 5%:
  • For property tax years commencing on or after January 1, 2025, for the purpose of a levy imposed by a school district, the valuation for residential real property is 7.05% of the actual value of the property. For a levy imposed by a local government that is not a school district, the valuation for residential real property is 6.25%; and
  • For property tax years commencing on or after January 1, 2026, for the purpose of a levy imposed by a local government that is not a school district, the valuation for residential real property is 6.8% of the amount equal to the actual value of the property minus the lesser of 10% of the actual value of the property, $70,000 as adjusted for inflation in the first year of each subsequent reassessment cycle, or the amount that causes the valuation for assessment of the property to be $1,000.
• Provisions included specific to Residential if the statewide increase in actual value is greater than 5%:
  • For property tax years commencing on or after January 1, 2025, for the purpose of a levy imposed by a school district, the valuation for residential real property is 6.95% of the actual value of the property. For a levy imposed by a local government that is not a school district, the valuation for residential real property is 6.15%.
  • For property tax years commencing on or after January 1, 2026, for the purpose of a levy imposed by a local government that is not a school district, the valuation for residential real property is 6.7% of the amount equal to the actual value of the property minus the lesser of 10% of the actual value of the property, $70,000 as adjusted for inflation in the first year of each subsequent reassessment cycle, or the amount that causes the valuation for assessment of the property to be $1,000.

Other Related Legislation

Looking for detailed information about a specific property? 

The Gunnison County Assessor’s Office now offers three different ways to explore property information on the web:

Try our Property Record Search -
Find an individual property by owner name, address, account number or legal description, and view a complete set of account information, including land and improvement characteristics, recent sales, and valuation and property tax histories.

Looking to explore a neighborhood?                                  

Try our Community Portal -                                                                 Use our map-based tool to click on properties anywhere in the county, see basic ownership and account details, and explore area summary information like median sales prices, valuation stats and census bureau data.

Looking to understand the market?                                

Try our new Comparable Sales Tool - 
Identify a property you’re interested in by account number or address and view nearby sales highlighted on a map. Narrow in on the best comps using filters like distance, living area, construction quality and condition, then create and save your own customized comparable sales report.

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