Property values across Pueblo County increased by more than $280 million over the past few years, ballooning to nearly $2.2 billion across all property classifications, according to recent valuation numbers released by the county assessor.
It’s an increase of 14.7% between 2019 and 2021, compared to an 8.3% increase at the last appraisal in 2019.
The county reappraises property value during odd-numbered years.
“It was expected because we’ve seen what the market is doing. We see all the sales that come through,” Pueblo County Assessor Frank Beltran said. “So that collection period of all of 2019 and the first half of 2020, we could see the values keep climbing, so we knew it was coming.”
It means property owners should be prepared for an increase in property taxes owed this year, especially for properties between 700 and 1,599 square feet, according to Beltran.
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