Who determines the assessed value of property for tax purposes in Colorado?

The assessed value of property for tax purposes in Colorado is determined by the Colorado County Assessor. This individual is responsible for evaluating and appraising properties within their specific county, ensuring that they are assessed at a fair and accurate value. The role of the county assessor is crucial because the assessed value directly influences how much property tax owners will owe.

While the Colorado Department of Revenue does have a role in overseeing property tax policies and may provide guidance to the assessors, it is ultimately the county assessors who perform the actual assessments. The county tax collector, on the other hand, is responsible for collecting taxes rather than determining their assessed values, and the Governor of Colorado does not have a role in the assessment process itself. Thus, the responsibility lies with the Colorado County Assessor to figure out how much each property is worth for tax purposes.