Broomfield taxable value falls 2.74%, led by oil-and-gas decline

Broomfield City Council, sitting as the Board of Equalization, unanimously authorized the mayor to review and sign the 2026 abstract of assessment after the city’s total taxable value fell 2.74%.

The assessor reported that total taxable value declined from $2,679,027,280 in 2025 to $2,605,560,360 in 2026 — a decrease of $73,466,920 — at the July 14 council proceeding. Oil-and-gas assessed value fell from $147,851,300 to $98,012,010, a decline of $49,839,290, or about 67.8% of the total decrease. Other property categories accounted for the remaining $23,627,630 decline.

The record does not provide a mill levy or an estimated change in property-tax collections, so it does not establish a specific revenue loss or gain for Broomfield. The assessment materials say the figures may change before certification and are not intended for budgeting. Any effect on city budgets would depend on the applicable tax rates and final certified values.

The abstract process is not complete. Hearing officers are expected to recommend action on property protests to the council by Aug. 5. After the protests are resolved, the mayor is expected to sign the abstract before the Aug. 25 delivery deadline.

The assessor also reported 60 personal-property non-filers. Staff plans to audit those accounts or conduct physical inspections to develop equipment lists. If an owner does not file or provide information, staff will use the “best information available” to determine a value.