Assessments and Water Rate Study
Allotment Contracts Assessments
The Board of Directors passed the current rate assessments for 2024 on Aug. 3, 2023. The assessment amount of open-rate irrigation assessments in 2024 is $33.00 per acre-foot unit. The amount of open-rate municipal, industrial and multipurpose assessments for 2024 is $53.60 per acre-foot unit.
Class B Assessments
Allottees must pay all Class B assessments by Oct. 1 following the year of delivery. Section 131 Contract payments are due Oct. 1 of the year prior to delivery.
The 2024 Class B assessment rate is $53.60 per unit.
Class C Assessments
Allottees must pay all Class C assessments by March 1 of the year prior to delivery.
The 2024 Class C assessment rates are:
- Domestic, Industrial, Multipurpose: $53.60 per unit
- Irrigation: $33.00 per unit
Class D Assessments
Allottees pay all Class D assessments in arrears with their property taxes. Northern Water submits a list of allottees who have Class D assessments to the counties each year before Oct. 1. The counties collect and distribute assessment revenues to us on a monthly basis.
The 2024 Class D assessment rates is $33.00 per unit.
Colorado-Big Thompson Project water deliveries from Boulder Reservoir to allotment contract holders include a $1.50 per acre-foot unit delivery charge. This is subject to change as the Board decides this charge at the annual rate hearing.
2021 Water Rate Study
The Northern Water Board of Directors conducted a 2021 rate study to determine what adjustments were needed in our revenue structure, primarily our water assessment rates, to ensure the future financial health of the organization and to meet operation and maintenance commitments to the C-BT Project.
The Northern Water Board of Directors holds an annual rate hearing at the August Board Planning Session to set assessments for the next fiscal year.