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Valuation Process

How is my property value determined?


For the 2013-2014 appraisals, the actual value assigned to vacant land, residential and commercial properties is based on sales and other market data from January 1, 20011 through June 30, 2012. This data gathering period called the base period, is prescribed by Colorado statutes. However, if an insufficient number of comparable sales occurred during that timeframe, the assessor is authorized to analyze sales that occurred up to five years preceding June 30, 2012. All sales or market data is adjusted for time to the June 30, 2012 appraisal date.


Changes in the economic data after the June 30, 2012 appraisal date cannot be considered until the next general reappraisal.


For 2014, property values will not change from 2013 unless there have been changes to the property, such as new construction or additions, or unless there has been a change in the use of the land.


All property was reappraised in 2013, using market information from the January 1, 2001 through June 30, 2012 period.


For agricultural property, mobile homes and or businesses, the valuation process is explained in the following brochures:


Want to see how Phillips County's assessed values compare to other counties around the state?  Go to the Colorado Assessed Manuals page at: