Arapahoe County commissioners to consider nearly $9.8 million in property-value reductions
The County Board of Equalization is scheduled to consider stipulated assessment values for six properties, including a $3.44 million reduction at a South Richfield Way property and a $1.48 million reduction across six South Quebec Street addresses.
Arapahoe County commissioners, acting as the County Board of Equalization, are scheduled to consider agreements reducing the assessed values of six properties by nearly $9.8 million at their Sept. 22 meeting. The county’s assessment-appeal chart lists stipulated values negotiated between property owners and the county for tax years 2025 and 2026.
The largest reduction would apply to Courtyards Owner LLC’s property at 2134 South Richfield Way, whose listed value would fall from $141.04 million to $137.6 million, a $3.44 million reduction. The chart cites comparable market sales as the basis for the adjustment.
The Ice Ranch LLC’s property at 841 Southpark Drive would decline from $14.28 million to $11.6 million, a $2.68 million reduction. The chart cites the cost approach.
South Hannibal LLC’s property at 7950 South Hannibal Circle would decline from $5.67 million to $3.6 million, a $2.07 million reduction. The chart cites the cost, income and sales-comparison approaches.
YSCE LLC’s six South Quebec Street addresses — 6426, 6428, 6430, 6432, 6434 and 6436 — would decline from a combined $3,069,360 to $1,587,600, a $1,481,760 reduction. The chart cites comparable market sales.
The remaining properties are Stephen P. and Marlene A. Holmes’ property at 5223 East Mineral Lane, reduced from $1,564,300 to $1,525,000, and 5798 S Rapp St LLC’s property at 5798 South Rapp Street, reduced from $687,000 to $640,000. The reductions are $39,300 and $47,000, respectively.
A county staff report asks commissioners to adopt a resolution approving the stipulations. The report says the agreements are intended to correct valuation issues and avoid the additional time and expense of formal hearings before the Colorado Board of Assessment Appeals.
The item was placed on the board’s Sept. 22 consent agenda. As of Sept. 19, the Legistar matter page listed it as “Agenda Ready,” with no final action recorded.
If approved, the reductions could lower property-tax collections tied to the affected values. The tax effect would depend on each property’s assessment classification, the taxing districts covering it and those districts’ mill levies; county tax guidance explains that property taxes are calculated using an assessment rate and mill levy.