Real Property Valuation Manual
ARL, Volume 3 addresses real property valuation. Its purpose is to provide a reference source for assessment policies and procedures for real property valuations according to the Colorado Constitution and statutes.
Chapter 1 Statutory and Case Law References
- The Importance of Correct Land Valuation
- Statutory and Case Law References
- Colorado Constitution, Article X, Section 20
Chapter 2 Appraisal Process, Economic Areas, and the Approaches to Value
Chapter 3 Sales Confirmation and Stratification
- Sales Confirmation Process
- Data Management
- Special Issues Regarding Sales Confirmation
- Addendum 3-A, Conveyances with No Documentary Fee
- Addendum 3-B, Reason Codes for Sales Determined to be Non-Qualified
- Addendum 3-C, Additional Confirmation Letters
- Addendum 3-D, Real Property Transfer Declaration
- Real Property Transfer Declaration Instructions
- Addendum 3-E, Seller Assisted Down Payments
Chapter 4 Valuation of Vacant Land Present Worth
- Concept of Present Worth Valuation
- Present Worth Valuation Procedure
- Definition of Terms
- Addendum 4-A, Vacant/Subdivision Land Questionnaire
- Addendum 4-B, 2025-2026 Discount Rate Calculation
- Addendum 4-C, Planned Unit Developments
Chapter 5 Valuation of Agricultural Land
- Introduction
- Statutory References
- Exemptions of Agricultural Property
- Agricultural Designation Procedures
- Classification of Agricultural Land
- Valuation of Agricultural Lands
- Agricultural Structures Valuation
- Agricultural Residential Improvements
- Addendum 5-A, 2025-2026 Agricultural Prices and Expenses
- Addendum 5-C, Agricultural Land Questionnaire
- Addendum 5-D, Irrigated Farm Land Questions
- Addendum 5-E, Dry Farm Land Questions
- Addendum 5-F, Grazing/Meadow Hay Questions
- Addendum 5-G, 2025-2026 Rural Structures Local Multipliers
Chapter 6 Valuation of Natural Resources
- Classification
- Producing Mines
- Producing Oil and Gas Leaseholds and Lands
- Nonproducing Leaseholds and Lands
- Nonmineral Natural Resource Properties
- Addendum 6-A, 2025 Sand & Gravel Economic Royalty Rates
- Addendum 6-B, 2025 Coal & Other Rates and Prices
- Addendum 6-C, 2025 Hoskold Factors Worksheet
- Addendum 6-H, Accessing the ECMC Website
- Addendum 6-I, Accessing the DRMS Website
- Addendum 6-J, Oil & Gas 2025 Netback IG Corporate Bond Rate, 2025 NERF, and NERF Spreadsheet Instructions
Chapter 7 Special Issues in Valuation
- Common Interest Community Interest Ownership
- Water Rights Valuation
- Long-Term Non-Market Lease Valuation
- Government-Assisted Housing Valuation
- Mixed-Use Property Valuation
- Bed and Breakfast Properties
- Condominiums, Timeshares, and Undivided Interest Properties
- Nongaming Property in a Limited Gaming District
- Assessment of Possessory Interests
- Transaction Adjustments
- Addendum 7-A, Hotel or Motel Mixed-Use Questionnaire
- Addendum 7-B, Gov't-Assisted Housing Questionnaire
- Addendum 7-C, Formal Opinion of the Attorney General
- Addendum 7-D, 2025 Possessory Interest Valuation Rates