Property values shoot up

By Erin McIntyre
Increased property values and recent sales have triggered higher property valuations, mailed to property owners recently by the Ouray County Assessor’s Office.
Residential property values in Ouray County had an overall increase of 16 percent since the last valuation in 2017, according to Assessor Susie Mayfield. Vacant land saw a 15 percent overall increase and commercial properties saw an increase of 18 percent overall, including everything from hotels and restaurants to mixed-use properties with combined retail and housing.
Mayfield said recent sales of commercial properties as well as residential homes have resulted in the hike taxpayers will see in their valuation notices.
“Because of the sales that are happening, people should not be surprised by an increase,” she said.

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