County assessor passes state audit
Vail CO, Colorado
EAGLE COUNTY ” An independent auditor recently gave the Eagle County Assessor’s Office the OK for its assessments over the last year.
Some homeowners were upset to see jumps in their property tax bills last year, a result of a dramatic increase in assessed values, but according to auditors, the local assessor was in compliance with state laws.
That means that the assessor’s office valued all classes of real and personal property correctly for 2008 based on sales, cost, income and other related data compiled through June 30, 2006.
The assessor’s office is audited each year by an independent auditor, the Rocky Mountain Valuation Specialists, hired by the state.
Eagle County Assessor Mark Chapin said the county was audited last year and also passed.
This year, property taxes are expected to increase by less than 1 percent, according to County Finance Director John Lewis.
The increase is a result of new construction and additions to buildings. The small increase, while on the low side, is a pretty typical yearly increase, Chapin said.
“Construction has slowed to some degree, and so has new development,” he said.
Staff Writer Melanie Wong can be reached at 970-748-2928 or firstname.lastname@example.org.