The subject line of a press release this month from Weld County was stark and foreboding: “County’s assessed value sees 20% decrease.” The cratering of taxable property value in the large county that hugs metro Denver’s northeast corner — from nearly $25 billion in 2023 to just under $20 billion this year — would probably send many county finance directors running to the medicine cabinet for a fistful of antacids. But for Cheryl Pattelli, it’s all part of managing the books for a county whose economy relies largely on boom-and-bust commodity industries, like agriculture and energy, that can experience wild swings in both price and production. Energy, in particular, plays an outsized role.
Similar Stories to One Colorado County’s Property Values Just Plummeted. Here’s Why Officials Aren’t Panicking Amid Oil Booms And Busts. on Bing News
John Aguilar, Denver Post
Sun, 12/15/2024 - 6:00am
Topics: cheryl pattelli energy pattelli specifically colorado s taxpayer s bill rights commissioner kevin ross republican-leaning rich werner ceo upstate colorado economic development vestas windsor oil the federal reserve bank st louis but werner when related articles can weld colorado s no if de-bruce that tabor douglas bruce s weld s weld morning dozen weld county we colorado colorado ross werner douglas a colorado news weld plummeted property values billion gas year business price million industry production economy approach population valuations industries fiscal leaders taxes assessed mill mills growth regulations worries residents regulatory push top showed law levy diversification counties largely agriculture companies budget coronavirus fluctuations sees certainty valuation remains don set continue rate harder study sector government
BING NEWS:
- One Colorado county’s property values just plummeted. Here’s why officials aren’t panicking amid oil booms and busts.
Weld County announced this month that its property valuation for 2024 will be down 20%, mostly due to a decrease in oil and gas prices. But through shrewd fiscal management, the county is bringing ...
12/14/2024 - 11:00 pm | View Link - More
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