Type of Property | Current Assessment Rate | Assessment Rates for 2022 & 2023 (SB21-293) |
Non-residential
| Hotels, motels and B&Bs - 'lodging properties'. | 29% | 29% |
Renewable Energy Production | 29% | 26.4% (for property tax years 2022 & 2023). Returns to 29% in property tax year 2024. |
Agricultural Property | 29% | 26.4% (for property tax years 2022 & 2023). Returns to 29% in property tax year 2024. |
Agribusiness PP | 29% | 29% |
Commercial, Vacant, Industrial | 29% | 29%
|
Oil & Gas | 87.5% | 87.5% |
Residential | Multi-family housing (i.e. apartments) | 7.15% | 6.8% (for property tax years 2022 & 2023). Returns to 7.15% in property tax year 2024. |
All other residential property | 7.15% | 6.95% (for property tax years 2022 & 2023). Returns to 7.15% in property tax year 2024. |