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  • Economic Areas and Neighborhoods

     

    Property types are generally self-explanatory, but economic areas and neighborhoods, when used for mass appraisal valuation, are not always clear. An economic area is a grouping of neighborhoods that have similar economic forces or geographic location.

    Economic forces are identified as physical and man-made features common to the area. Rivers, mountain passes, shopping centers, employment and entertainment centers can be uniting features for different residential neighborhoods.

    For example, the Golden vicinity is an economic area due to similar physical and man-made features (South Table Mountain, Coors, downtown Golden, the foothills). The Golden economic area consists of 10 neighborhoods. A neighborhood consists of similarly valued properties in similar areas. Neighborhoods will typically contain homes of several filings of the same or similar subdivision.

    Economic forces are identified as physical and man-made features that are common to the area. Rivers, mountain passes, shopping centers, employment and entertainment centers are features that can be an uniting feature for different residential neighborhoods. For example, the Golden vicinity is an economic area due to similar physical and man-made features (South Table Mountain, Coors, downtown Golden, the foothills).

    The following maps are in pdf format and require Acrobat Reader to view and print. They are in large format size and may be slow to load for viewing.

    Last Updated: 5-24-2013