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OFFICE OF THE WELD COUNTY ASSESSOR
PHONE (970) 353-3845, EXT 3650
\ FAX (970) 304-6433
WEBSITE: www co.weld.co.us
W�� Ci WELD COUNTY ADMINISTTIVE OFFICESV GR 40 CON0 80631
COLORADO
PRELIMINARY CERTIFICATION OF VALUATION
August 25, 2010
WELD COUNTY
915 10 ST
GREELEY CO 80631
Ladies/Gentlemen:
The purpose of this letter is to certify assessed and actual values for
your district for the taxable year of 2010. The top portion of the
certification contains the assessed valuation for real and personal property
for the 2010 assessment year. The bottom portion contains the actual
valuation information on real property that is to be used by non-school
taxing districts to calculate local growth in accordance with the 1992 Tabor
Amendment to the Colorado Constitution.
Our office has not yet received all the state assessed distributions of
value for taxing districts so we relied on last year's proportions for this
first certification.
We will send you a final certification of value on or before December
10, 2010. This final certification will contain changes that may occur to
your district's values. Please be advised that your values may change as a
result of normal, continuing operations that must occur in the Assessor's
office during this three month period.
As we noted last year, there was a large decrease in the value of oil
and gas production. This was the single largest factor which resulted in a
decrease overall in assessed values.
The next reappraisal of real property will occur in 2011. We will also
reappraise oil and gas production, personal property and state assessed
properties in 2011.
A detailed abstract of assessment for your authority may be found on
our website, www.co.wel.d. co.u.. . Under the Assessor Department tab go to
Taxing Authority Information then to Abstract Reports. Then in the middle of
the
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screen is a section called Abstracts by Entity.
If you have any questions, please contact Jackie Weimer at (970) 353-
3845 ext 3655.
Sincerely Yours,
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Christopher M. Woodruff
Weld County Assessor
Enclosures
CMW:jsw
DOCUMENT1
CERTIFICATION OF VALUATION BY WELD COUNTY ASSESSOR
Name of Jurisidiction 0100-WELD COUNTY New Entity: No
IN WELD COUNTY, COLORADO ON 8/24/2010
-FUSE FOR STATUTORY PROPERTY TAX REVENUE LIMIT CALCULATIONS (5.5% LIMIT)ONLY
IN ACCORDANCE WITH 39-5-121(2)(u)AND 39-5-I28(1),C.R.S.AND NO LATER THAN AUGUST 25.THE ASSESSOR CERTIFIES THE TOTAL
VALUATION FOR ASSESSMENT,FOR THE TAXABLE YEAR 2010 IN WELD COUNTY.COLORADO
1. PREVIOUS YEAR'S NET TOTAL TAXABLE ASSESSED VALUATION: $5,764,082,562
2. CURRENT YEAR'S GROSS TOTALTAXABLE ASSESSED VALUATION: * $4,625,444,510
3. LESS TIE DISTRICT INCREMENT, IF ANY: I( 537,356 258
4. CURRENT YEAR'S NET TOTAL TAXABLE ASSESSED VALUATION: $4,588,088,252
5. NEW CONSTRUCTION: ** $103,584,325 •
6. INCREASED PRODUCTION OF PRODUCING MINES: #
7 ANNEXATIONS/INCLUSIONS:
8. PREVIOUSLY EXEMPT FEDERAL PROPERTY # 1.
9. NEW PRIMARY OIL OR GAS PRODUCTION FROM ANY PRODUCING OIL AND GAS ## $274,227,668
LEASEHOLD OR LAND (29-1-301(1)(b)C.R.S.: - - - - - - --- _- -
10.TAXES COLLECTED LAST YEAR ON OMITTED PROPERTY AS OF AUG. 1 (29-1-301(1))(a)C.R.S.: $483,367.03 1,
11 TAXES ABATED AND REFUNDED AS OF AUG. 1 (29-1-301(1)(a),C.R.S.)and (39-10-114(1)(a)(I)(B),C.R.S.): 1 $650,668.45
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This value reflects personal property exemptions IF enacted by the jurisdiction as authorized by Art.X,Sec.20(8)(b),Colo.Constitution
"'New construction is defined as:Taxable real property structures and the personal property connected with the structure.
#Jurisdiction must submit respective certifications(Forms DLG 52 AND 52A)to the Division of Local Government in order for the values to be treated as growth in the limit
calculation.
##Jurisdiction must apply(Forms DLG 52B)to the Division of Local Government before the value can be treated as growth in the limit calculation.
USE FOR 'TABOR' LOCAL GROWTH CALCULATIONS ONLY
IN ACCORDANCE WITH THE PROVISION OF ARTICLE X,SECTION 2(1,COLO CONST,AND 39-5-121(2)(h),C.R.S.THE ASSESSOR CERTIFIES THE
TOTAL ACFUAI.VALUATION FOR THE TAXABLE YEAR 2010 IN WELD COUNTY ON AUGUST 25,2010
1. CURRENT YEAR'S TOTAL ACTUAL VALUE OF ALL REAL PROPERTY: @ i $20,503,696,256 I
ADDITIONS TO TAXABLE REAL PROPERTY'
2, CONSTRUCTION OF TAXABLE REAL PROPERTY IMPROVEMENTS: ! $394,987,973
3. ANNEXATIONS/INCLUSIONS:
4. INCREASED MINING PRODUCTION: %
5. PREVIOUSLY EXEMPT PROPERTY: $1,731,936 •
6. OIL OR GAS PRODUCTION FROM A NEW WELL: $313,403,049
7. TAXABLE REAL PROPERTY OMITTED FROM THE PREVIOUS YEAR'S TAX WARRANT:
Of land and/or a structure is picked up as omitted property for multiple years,only the most current year's actual value can be reported as omitted property.)
DELETIONS FROM TAXABLE REAL PROPERTY:
8. DESTRUCTION OF TAXABLE REAL PROPERTY IMPROVEMENTS: $715A841
9. DISCONNECTIONS/EXCLUSION: SID_ 1,
10. PREVIOUSLY TAXABLE PROPERTY: $6,096,789 1.
@ This includes the actual value of all taxable real property plus the actual value of religious,private schools,and charitable real property.
!Construction is defined as newly constructed taxable real property structures.
%Includes production from new mines and increases in production of existing producing mines.
IN ACCORDANCE WITH (39-5 128(1),C.R.S.)AND NO LATER THAN AUGUST 25,THE ASSESSOR
(CERTIFIES TO SCHOOL DISTRICTS : 1.TOTAL ACTUAL VALUE OF ALL TAXABLE PROPERTY: $0
NOTE: All levies must be Certified to the Board of County Commissioners NO LATER THAN DECEMBER 15,20101'1
Data Date 08/23/2010 DLG-57(Rev.7/00)
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