Mill update, valuation of mines released | SkyHiNews.com

Mill update, valuation of mines released

Grand County Assessor Tom Weydert presented the Abstract of Assessment to the Grand County Board of County Commissioners (BOCC) at the August 23 meeting in Hot Sulphur Springs. The valuation on mines shows a difference of $35,861,490 in 2015 to $11,473,050 in 2016: a difference of $24,388,440, which is a decrease of 68.01 percent. The total change for Grand County was a decrease of 2.42 percent at $17,975,830.

In March, the BOCC approved a change in the Henderson Mine's property tax valuation, which is based on its production, from a five-year average to a three-year average. At the Tuesday, April 19 BOCC meeting the board had announced its intention to seek a reversal of its earlier decision (revaluating to a three-year average) after hearing the concerns of citizen Peter Ralph. Ralph claimed that Freeport-McMoRan, who owns the Henderson Mine and Mill, had filed its revaluation request too late. The BOCC seemed to agree with Ralph at the meeting, but reversed itself again to their original decision of a three- year average of production.

Clear Creek County rejected a similar request to adjust its valuation.

Grand County Commissioner Jane Tollett said in an email sent to the Sky-Hi News on Monday, August 23 that the BOCC does not have the Henderson Mill on any future agendas, which goes out in a few weeks. Interim County Manager Ed Moyer said he did not believe the BOCC had any updated information on the Mill valuation. Additionally, the BOCC announced that there will be no BOCC meeting next week, August 30.

This story will be updated if any new information is released.

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