Campbell Co. valuation down by one-fifth in one year

GILLETTE — Campbell County’s assessed valuation has dropped to a level not seen since the mid-2000s.

The county’s assessed valuation — or its taxable value — for 2021 is about $3.4 billion. That is a decrease of about $850 million, or 20%, from 2020, when it was $4.24 billion.

It is the first time since 2005 that Campbell County’s assessed valuation has dropped below $4 billion, and it’s the lowest level seen since 2004, when it was at $3.2 billion.

It’s the largest year-to-year decrease since 2017, when it dropped to $4.18 billion from 2016’s $5.29 billion.

The big decrea...