The State Board of Equalization (SBOE) reviews assessments in each of the 64 counties of Colorado for conformance to the Constitution by conducting an audit for each tax year. The audit is conducted by an independent appraisal firm hired by the Director of Research for the Legislative Council. The legislative council sets forth the criteria that are the focus of the audit: To determine whether each county assessor is applying correctly the constitutional and statutory provisions, compliance requirements of the State Board of Equalization, and the manuals published by the State Property Tax Administrator to arrive at the actual value of each class of property. The property assessment audit conducts a two part analysis: A procedural analysis and a statistical analysis. The SBOE will order revaluations for counties whose valuations do not reflect the proper valuation period level of value. The statutory basis for the audit is found in C.R.S. 39-1-104 (16)(a)(b) and (c). These reports come out in September of each year.
Below are the reports submitted to the State Board of Equalization on Routt County’s valuations for the most recent tax years.