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Larimer County releases damage assessment from Cameron Peak Fire; nearly $6.4 million worth of properties lost - Loveland Reporter-Herald

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The Larimer County Assessor’s Office has released an assessment report for properties destroyed by the Cameron Peak Fire, which totaled in the millions of dollars lost.

According to the report, 469 properties were affected by the fire and on those properties 243 structures were destroyed. Of the structures destroyed, 184 were homes, 30 of which were primary residences. This totaled out to a market loss of nearly $6.4 million.

The report also broke down what kinds of buildings were lost to the fire and what each of them was worth.

The breakdown included the 184 residences destroyed, valued at $6.2 million; eight mobile homes, valued at over $100,000; and a variety of other losses including farm utility buildings, sheds, detached garages, barns, equipment building and storage, a nursery/greenhouse and a stable, which added up to over $69,000.

While the average for each house in the report comes out at around $33,000, Larimer County Assessor Bob Overbeck said the assessment considered the improvement value to a home during the 2020 appraisal cycle, which can vary from house to house. Overbeck said the value is based on the timeframe of the time of destruction to the end of the year.

The full report can be found at https://www.larimer.org/sites/default/files/assessors_office_cameron_peak_fire_report.pdf.

The release from Overbeck’s office added that under House Bill 14-1001, a bill that establishes a state reimbursement plan, the state will begin the process of reimbursing taxes to affected Larimer County property owners based on the lowered property values.

According to Irene Josey, Larimer County treasurer and public trustee, her office requested $119,651 of property tax money from the state treasury for Larimer County tax relief for those impacted. Josey said the money will be applied to the owners’ accounts and her office will let them know when it is ready.

“I wish it was more,” Josey wrote in an email to the Reporter-Herald. “Everyone is struggling right now and I wish we could help everyone more.”

More information can be larimer.org/treasurer.

Josey said if property owners do not receive their statements by the end of the month they can look online or call the treasurer at 970-498-7020 for an emailed copy.

All destroyed properties will be pro-rated, with properties being on the tax roll at their full value until the date the fire destroyed the home and then reduced for the remainder of the year.

Those looking for more information on the program can visit larimer.org.assessor.

Overbeck has submitted the report with a letter to U.S. Rep. Joe Neguse, supporting the Bipartisan Wildfire Caucus in the 117th Congress. This caucus will promote “science-based wildfire mitigation strategies and support for more federal resources for local firefighting crews.”

Anyone with questions about the report or their property can contact the Larimer County Assessor’s office at 970-498-7050 or email Overbeck at Overbebc@larimer.org.

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Larimer County releases damage assessment from Cameron Peak Fire; nearly $6.4 million worth of properties lost - Loveland Reporter-Herald
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