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Nov 28, 2010 5:04 PM by AP

Denver-area county assessor reduced taxable value of property owned by campaign donors

DENVER (AP) - The Denver Post reports a Denver-area county assessor reduced the taxable value of property owned by some of his campaign donors by millions of collars.

The newspaper reported Sunday that Adams County Assessor Gil Reyes cut $23 million from the taxable value of 11 buildings owned by one donor, a California corporation. The Post says that saved the company $800,000 in taxes this year. Reyes says the reductions have nothing to do with campaign donations. He says any incorrect assessments will be adjusted.

The Post says Reyes' office reduced the taxable value of land owned by other contributors as much as 99 percent. The newspaper says some assessment changes list Reyes as the account manager. Other assessors say they rarely serve as account managers.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

 

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