The assessor assigns the value to your property, not the tax amount. The appraisers in the assessor's office strive to reach the actual/market value of your property, per mass appraisal techniques. Your property is valued at what it would sell for on the open market. 

Taxes include a number of components that are beyond the assessor's control, such as mill levy and assessment rate. The assessment rate is set by the state legislature and mill levies are determined by each governing entity such as schools, city or county (road and bridge, human services, etc.), fire department, recreation and park districts, etc. The end results of these components determine the amount of taxes levied.

If a taxpayer disagrees with the value assigned by the Fremont County Assessor, the taxpayer may file a protest during the statutory protest period. Real property protests must be postmarked no later than June 2nd, or a taxpayer may appear in person to protest no later than June 2nd. 39-5-121(1), C.R.S. Personal property protests must be postmarked no later than June 30th, or a taxpayer may appear in person to protest no later than June 30th. 39-5-121(1.5), C.R.S. A protest form is included with the Notice of Valuation; however, it is not mandatory for the taxpayer to use this form, or any other particular form, when protesting

All property, real and personal, located in the State of Colorado, on the assessment date January 1st, is taxable unless expressly exempted by the Constitution or state statutes. Article X, Section 3, Colorado Constitution, and 39-1-102 (16), C.R.S.

Most property in Colorado is valued using the three approaches to value: the market approach, the cost approach and the income approach. The exceptions to the three approaches include residential real property (market only), agricultural land and natural resource land (special valuation procedures based on productivity and production).

The market, cost and income data that county assessors use to apply the appropriate approaches to value is collected during specific periods prescribed by statute and represent a certain ''level of value.''

Property taxes are not calculated on the ''full actual value'' as determined by the assessor. Instead, an assessment percentage is applied according to the classification of the property, per 39-1-104(1) and (1.5), C.R.S. to arrive at the "assessed value."  Residential property is assessed at a percentage of the actual value; currently, this percentage is 7.20% while most other property is assessed at 29%.