Yuma-1 valuation spread over several types of properties
If question 4G passes during the current election, the increased property tax would be spread over a wide range of property types.
Yuma-1’s assessed valuation is approximately $111 million. The district stretches from the Yuma-Washington county line to west, east to about two miles east of Yuma, and it goes south to north from the Kit Carson County line to the Phillips County line (except for a small area in which the Haxtun school district crosses the county line). It covers a total of 737 square miles.
Agriculture is the largest sector, accounting for 31.3 percent of the assessed valuation. It includes irrigated farmland, dry farmland, pasture, shop and agricultural buildings, feedlots, dairies, and hog farms.
State assessed property is the next highest at 19.5 percent. It includes electric utilities, railroads, telephone, internet and anything crossing state lines, such as oil and gas pipelines. They are assessed by the state — rather than the Yuma County Assessor’s Office — but the owners still pay local property taxes.
Commercial property accounts for 16.2 percent. The classification includes retail businesses, banks, grocery stores, gas stations, equipment dealers, restaurants, car dealerships, tire shops, hardware stores, feed and seed dealers, and airport operations.
Residential is right behind commercial at 15.5 percent. It includes all livable houses for personal use.
Resources, such as natural gas and oil, accounts for 11.1 percent. It includes oil and gas producing wells, severed mineral interests, and gravel pits.
Industrial accounts for 5.78 percent. It includes ethanol plants, agricultural product producers and newspapers.
Vacant land — property not used for production (not farmed or grazed) — accounts for 0.7 percent.
All those different land classifications pay property taxes, in some cases by out-of-area owners.
Allocation of Yuma-1’s proposed $32 million project costs would be 50 percent from the BEST Grant ($16 million), 34.4 percent from in-district owners ($11 million), and 15.6 percent from out-of-district owners ($5 million).
(Source for figures in this article is the Yuma County Assessor’s Office, as of October 25, 2019.)