Larimer County property values down 2 percent

Property valuations in Larimer County, based on this year’s reappraisals, were certified in late August. As expected, total values were almost flat compared to those of 2009.

Wellington didn’t fare as well as other areas of the county, however. Property values for the town dropped 10 percent, from 53.9 million in 2009 to 48.3 million in 2011.

Countywide, values were down 2 percent from 2009, going from 4.047 billion in 2009 to 3.963 billion this year. More than half of the county’s assessed value is residential property, noted Larimer County Assessor Steve Miller, and residential values were flat. Commercial values were also flat, but values for vacant land were down.

About 11,000 reassessment protests were filed this year, compared to 13,000 in 2009. Roughly 60 percent of this year’s appeals were successful, Miller said.

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